Silk Road forums

Discussion => Silk Road discussion => Topic started by: HarryJohnson on April 03, 2013, 04:36 am

Title: Why is SR not correct in bitcoin worth
Post by: HarryJohnson on April 03, 2013, 04:36 am
Right now a bitcoin is work $122.0 and SR is indicating it is only worth $110. That's a $12 difference for every bitcoin which adds up big time. Is this done purposely so SR can scrap profits right off the top? I haven't read anywhere that this practice is done and I think everyone should be aware of it. No wonder why SR doesn't have their own page where it says how much you can see what a bitcoin is worth. The easy to see is pretend to check out a product and in the TOTAL box you can see how much SR thinks a bitcoin is worth. They are low balling big time here. So they get commission AND another %1 off of $100 it seems. Crazy.

Title: Re: Why is SR not correct in bitcoin worth
Post by: pkizenko98 on April 03, 2013, 04:50 am
Did you get anymore info on this?
Title: Re: Why is SR not correct in bitcoin worth
Post by: CrazyBart on April 03, 2013, 05:00 am
SR uses the mtgox weighted average. That number can be found at www.mtgox.com on the upper right hand side.

move along...
Title: Re: Why is SR not correct in bitcoin worth
Post by: xbox123 on April 03, 2013, 05:40 am
SR uses the mtgox weighted average. That number can be found at www.mtgox.com on the upper right hand side.

move along...

this... and  its not new... before bit coin passed 100 this practice was true... the low value of fluctuation kept the weighted average closer to the actually price  which left small penny differences.... know we see 20 dollar differences at times.... we are dealing with a new currency that is now in the public eye as a way to profit