Hacker News new | ask | show | jobs
by tim333 2745 days ago
It depends how you view things - is buying ICO tokens compensating the founders for their ideas and thoughts?

Apparently Silk Road had sales of $1.2bn which gives you an idea of the amount of drugs traded and the turnover of Bitcoin on exchanges was about $2000 bn over the last year. So sales of goods as a percent of speculative transactions are probably <1%. Not that that means that much - FX speculation is larger than real trade for fiat also.