Silk Road forums

Discussion => Newbie discussion => Topic started by: ForumChatter on July 05, 2013, 10:53 pm

Title: Silk Road Bitcoin value... where does it come from?
Post by: ForumChatter on July 05, 2013, 10:53 pm
Hello SR brothers and sisters.

I have just returned from a day of exciting sun, food and fun. When I left this morning I saw BTC was at around $84USD or so, now we are looking at $71USD or so. I read DPR's thread from the other day but I can not find it now. Could someone oint me in the right direction here to find it?

Also I am curious if GOX is longer king shit of turd island how we are coming up with our price for bitcoins? Any and all information would be greatly appreciated.

I'm sorry if I am being redundant but I can not for the life of me find this information in threads I have searched from the last couple days.

Thanks
Title: Re: Silk Road Bitcoin value... where does it come from?
Post by: ForumChatter on July 06, 2013, 01:10 am
Anyone, mods? I am really just looking to see where I am to find this info. For the life of me  don't know.
Title: Re: Silk Road Bitcoin value... where does it come from?
Post by: ShApEsHiFtInGsHaPeS on July 06, 2013, 01:51 am
can't find it right now but i think i remember there was a thread/statement that said that SR now takes the worth of BTC from multiple places like mtgox. (prolly in the sr-discussion section)not too long ago.

to be honest, as long as preev.com isn#t the main source i'm fine
Title: Re: Silk Road Bitcoin value... where does it come from?
Post by: PumperNic on July 06, 2013, 01:57 am
it comes from many exchanges i think
Title: Re: Silk Road Bitcoin value... where does it come from?
Post by: fiveotwo on July 06, 2013, 02:40 am
UPDATE (07/02/2013 1700 UTC): Forgot to mention another change that's coming with this update.  Now that MtGox is losing market share, we'll be pulling from multiple markets to get the "official" exchange rate for pricing and hedging.  It will also be more closely weighted to the preset instead of equally weighting all prices over the past 24-hours.  This part is a bit of an experiment and we may revert back if there are any problems with it.
I think this is the most specific statement made so far, click the quote header to go to the applicable thread