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Evidence receipt / uncertainty

Published · transcript-backed

David Rosenthal: uncertainty

19 Jan 2021 Acquired Bitcoin

“Over a million transactions, almost 150,000 unique buyers, and almost 4000 unique sellers used the platform over this period of time. They transact almost 10,000,000 Bitcoins, which I don’t know how many Bitcoins were in circulation at that time.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
uncertainty
Recorded
19 Jan 2021
Publisher
Acquired
Episode
Bitcoin

Transcript context

…Right. It’s like the pseudo nefarious catnip. Here is an amazing news case that appeals to people’s vices for this new medium that has been invented. Yup. Just like any new medium technology, there’s no regulation yet. Over a million transactions, almost 150,000 unique buyers, and almost 4000 unique sellers used the platform over this period of time. They transact almost 10,000,000 Bitcoins, which I don’t know how many Bitcoins were in circulation at that time. But let’s estimate 2–3, 4 million maybe. Several times over the total number of Bitcoins in circulation get transacted in the Silk Road. Knowing what we now know about how the Bitcoin network works, the Silk Road can be largely credited with getting it over the hump to the level of transactions and the level of participants in the network where it’s now a self-fulfilling prophecy of integrity and certainty of the network.…

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