Silk Road forums

Discussion => Newbie discussion => Topic started by: PB on April 13, 2013, 01:43 am

Title: BTC -> USD conversion rate on SR?
Post by: PB on April 13, 2013, 01:43 am
I'm not new, and I've made purchases before. But I've never really thought about this until the BTC prices have been so volatile recently:

How does the BTC -> USD conversion rate work on SR? I think I'm correct in assuming that the USD value is updated every 24 hours - but what is it based on? MT Gox weighted average?
Title: Re: BTC -> USD conversion rate on SR?
Post by: kneotac on April 17, 2013, 06:09 am
Hi,

I too wonder about this......in another post someone mentions about there being a 6hour lag in prices between Mt. Gox and SR prices.....that may be accurate as when I compare the dollar value of the bitcoins in my account to the dollar value on Mt. Gox there is def. a discrepancy.

Anyone else got some thoughts on this? Moderators?