Silk Road forums
Discussion => Silk Road discussion => Topic started by: NorthernStar on March 23, 2013, 09:05 pm
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What's going to happen here? the BTC is flying and showing no signs of abating, how can dealers keep their prices in line, soon there's going to be 0..00 and then what do the dealers do??? The current price for lets say 0.2 bag of bobby, is 0.17 BTC is it going down to nothing or does he then have to sell more weight, baffled dot com I am.
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The vast majority of vendors peg their prices to the US dollar, so when the value of a Bitcoin fluctuates, they will still receive (and you will still pay) the same amount in dollars.
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He's right. It doesn't matter what the price of coins are .
In fact , we could easily use Monopoly money or DisneyLand Bucks on the road just the same. As long as its tied to the US dollar prices of products remain untouched. You just need more or less coins to get the same thing but those same coins are more or less in price as well.
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SR needs more decimal places
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The fluctuation wasnt as bad as everyone was making out. It stabilized relatively quickly and the 'crash' lasted no more then a day before starting to recover. And as for the SR listings pretty much everyone pegs to the dollar, its silly not to. This will only ever effect you if your holding your coins for a long period of time, and they're just as likely to go up in value. I sold a load of stuff during the crash which is now worth more after it. :D
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SR needs more decimal places
heard that