Silk Road forums

Support => Technical support => Topic started by: chews13 on January 10, 2013, 07:05 am

Title: Bitcoins and silkroad wallet
Post by: chews13 on January 10, 2013, 07:05 am

Ok I tried searching for an answers to this question but I didn't see it but then again there was alot to go through.

I understand that product prices fluctuate when bitcoins go up and down in price but how come the coins sitting in our wallets don't fluctuate also??

Title: Re: Bitcoins and silkroad wallet
Post by: SelfSovereignty on January 10, 2013, 07:09 am

The USD equivalent of however many bitcoins you have in your account is calculated by comparing it against the daily average (or hourly average, or some MtGox price average anyway).  If the amount of bitcoins fluctuated... you'd be losing & gaining money all day long.  That would be silly and dishonest of Silk Road.