To whit, we do not KNOW, but we can infer based on statistics how many more people are likely to be infected ... in addition to the known cases. In fact, 'what formula should be used to derive that number', is at the very heart of what we're talking about.
The argument of yours I originally took issue with was your assertion that: IF the OP's calculation of 40% were actually correct, we WOULD HAVE 10's of Millions of Dead NOW ... in Europe. I.E. the LACK of 10's of Millions of dead bodies is de-facto PROOF, that the 40% is wrong.
If you cannot show how you derived that >=50,000,000 in Europe is the 'correct number' of infected people, when we know that only 680,000 have tested positive, then your counter-argument to the OP's ... has not been proven.
I am not in any way promoting this 40% number ... I'm just saying that the lack 10's of millions of dead Europeans ... is not proof that it's wrong ... UNLESS you can show that 50,000,000 Europeans are infected.
It's that simple. And this is like a 6th grade math word problem we're talking about here.
I love ya BTW Celerity 
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