Silk Road forums
Discussion => Security => Topic started by: thecatinthehat101 on July 05, 2013, 08:03 pm
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I think a lot of us who have noticed how volatile Bitcoin has been were wondering how exactly are the prices made? How often are these prices updated with regard to the current Bitcoin market at the time? Whats the standard for determining Bitcoin prices?? Mtgox still??
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It used to use the MtGox 24 hour average, updated every 10 minutes.
But now:
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.
http://dkn255hz262ypmii.onion/index.php?topic=178647.0
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Wow from the priate himself man hes my new personal hero I can't even imagine what his life is like.
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So its updated every 10 minutes right still?
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I assume. You can install a Firefox add-on in your Tor Browser that reloads the page at an interval of your choosing (ie, 10 minutes) and find out. :)
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Call me paranoid but I would just rather have the same add ons tor comes with and nothing more. The more add on's on your the possible problems if you ask me.