Quote from: HardHustle on July 19, 2012, 02:20 amQuote from: Flyhigh on July 19, 2012, 02:15 amQuote from: HardHustle on July 18, 2012, 07:27 amI understand that the listings are pegged on USD and you can hedge escrow and all that - that's all well and good. But what I'm wondering is what about the btc actually in our accounts? Are they pegged on USD as well, or are they just at the mercy of the fluctuations? I ask this because even tho the btc price fluctuates pretty widely throughout the day, my btc balance stays the same. I imagine if the dollar/btc exchange rate went down, I'd have more btc in my account, and if it went up, I'd have less. Of course everythings fine now because you have btc increasing in value, but obviously it will come back down again at some point, and I don't know whether or not my balance will actually suffer because of that. Knowing SR, I doubt this is the case, but I'm just wondering exactly how it's done and why, if it is, that my balance in my account remains the same.Sorry if this sounds kind of foolish. I really SHOULD know this type of thing by now but I've just never had a problem with it/noticed it until now.Thanks~HHif you had 1 BTC in SR, regardless of what the BTC was doing in the market you will still have 1BTC . It will increase or decrease in value.. so let say, at the time of my buy, if 1 BTC was worth 100 USD and i wanted to buy a bag of weed listed at 1BTC or 100USD.. i would could buy... But if you saved your BTC and it went up now its worth 120USD... the seller should adjust his BTC weed cost. lets say he still wants 100USD for the same bag of weed, his BTC cost would read .833 BTC.. NOW if the value of your bit coin went down to 90USD then you would need 1.111 BTC to buy that same bag of weed listed at 100USD.....I think my math is right , but if not you get the idea i hope..THIS IS JUST AN EXAMPLE....for all you anal math nerds... :PK fuck this no one is even getting what I'm asking so I'm just gonna assume we are at the mercy of the fluctuations. Thanks.Hi HH,The answer is yes - the Bitcoins in your account are at the mercy of exchange fluctuations. It helps to think of Bitcoin as just another currency. Let's say for instance in your desk drawer at home you had 100 South African Rand. If you took those out of the drawer and went to the bank to change them back into dollars you would get roughly USD 12.27 in exchange for them.Let's say though that you left them in the drawer and the Rand strengthened against the dollar i.e you could buy more dollars with your Rand. You could then take them out of the drawer and take them down the bank and exchange them at the new rate e.g you might USD 14 instead.In each case you'd still have 100 Rand in your drawer and in each case this is what you would be exchanging. It's the same for the number of Bitcoins in your wallet. I imagine this is nothing new to you, so bear with me!Silk Road gives buyers and sellers the option to display prices and your SR account balance in USD. So if for instance I have three Bitcoins in my account and the current rate is USD 6 to the Bitcoins my account balance would show USD 18. If the exchange rate then increased so that one Bitcoin was now worth 7 USD each my account balance would show as USD 21. Of course this works both ways. If the value of the Bitcoin goes down against the dollar, then the USD equivalent of your Bitcoins would also be lower - nevertheless you would still have three Bitcoins in your wallet. Let me know if this makes sense.V.