Silk Road forums

Discussion => Silk Road discussion => Topic started by: RicFlairIsGod86 on March 06, 2013, 05:01 pm

Title: Why does SR's BTC rate differ so much from what one can buy bitcoins for?
Post by: RicFlairIsGod86 on March 06, 2013, 05:01 pm
SR says BTC are 43-44 dollars apiece. Whereas Mt. Gox says oh no 49 dollars. Which don't matter that much, unless you are buying 1600 dollars worth of shit. Then it makes it 140-150 dollars more than what it normally would be.

WHAT THE FUCK
Title: Re: Why does SR's BTC rate differ so much from what one can buy bitcoins for?
Post by: Skeezer on March 06, 2013, 05:29 pm
Check out the weighted average on Mt gox ;)
Title: Re: Why does SR's BTC rate differ so much from what one can buy bitcoins for?
Post by: RicFlairIsGod86 on March 06, 2013, 05:41 pm
After much detective work I discovered that The price of BTC jumped pretty big time overnight, throwing the wtd avg off all to hell.
Title: Re: Why does SR's BTC rate differ so much from what one can buy bitcoins for?
Post by: danconia on March 06, 2013, 06:01 pm
It'd be interesting to see how often the rate is refreshed on SR.
Title: Re: Why does SR's BTC rate differ so much from what one can buy bitcoins for?
Post by: flwrchlds9 on March 06, 2013, 08:43 pm
What exchange rate does SR use USD/BTC or EUR/BTC and is it exposed anywhere?

Such as can we goto  silk.....onion/rate/ticker or something and see current rate they use?

thanks.
Title: Re: Why does SR's BTC rate differ so much from what one can buy bitcoins for?
Post by: masterblaster on March 06, 2013, 09:25 pm
It'd be interesting to see how often the rate is refreshed on SR.

u can do this rather easily, just go to "become a seller" in ur account options, agree to it and it will ask you for a bond, refresh as needed and you can see how often it changes.
Title: Re: Why does SR's BTC rate differ so much from what one can buy bitcoins for?
Post by: Meatgrinder on March 06, 2013, 09:40 pm
It'd be interesting to see how often the rate is refreshed on SR.

u can do this rather easily, just go to "become a seller" in ur account options, agree to it and it will ask you for a bond, refresh as needed and you can see how often it changes.

$500USD seems a bit dramatic just to see the SR rate ...

What exchange rate does SR use USD/BTC or EUR/BTC and is it exposed anywhere?

Such as can we goto  silk.....onion/rate/ticker or something and see current rate they use?

thanks.

I believe SR uses USD/BTC.

Someone correct me if I'm wrong.
Title: Re: Why does SR's BTC rate differ so much from what one can buy bitcoins for?
Post by: masterblaster on March 07, 2013, 12:52 am
It'd be interesting to see how often the rate is refreshed on SR.

u can do this rather easily, just go to "become a seller" in ur account options, agree to it and it will ask you for a bond, refresh as needed and you can see how often it changes.

$500USD seems a bit dramatic just to see the SR rate ...

What exchange rate does SR use USD/BTC or EUR/BTC and is it exposed anywhere?

Such as can we goto  silk.....onion/rate/ticker or something and see current rate they use?

thanks.

I believe SR uses USD/BTC.

Someone correct me if I'm wrong.

You dont have to give $500 to see how much btc $500 is to SR.
Title: Re: Why does SR's BTC rate differ so much from what one can buy bitcoins for?
Post by: CrazyBart on March 07, 2013, 03:50 am
It'd be interesting to see how often the rate is refreshed on SR.

When SR first started i believe that it changed 4 times a day (maybe it was 2), this was to keep server bandwith down. Not sure how it works these days ;)