Bitcoin Forum

Other => Off-topic => Topic started by: szuetam on November 18, 2012, 01:38:58 PM



Title: Press google to count in BTC
Post by: szuetam on November 18, 2012, 01:38:58 PM
I have just send via "Give us feedback" on the google.com site after searching "50USD in EURO"


Feedback like that:
"
It is "50 USD in EURO" working.
What decides which currency are working?
I'm interested with BTC, could you make it work?
"50 USD in BTC"
and
"2BTC in USD"
Could you do that?
"

Who would do the same?
Maybe Google will decide to include BTC to this calculator?


Title: Re: Press google to count in BTC
Post by: szuetam on November 18, 2012, 01:42:16 PM
Ups, now its ok.


Title: Re: Press google to count in BTC
Post by: farlack on November 18, 2012, 01:48:52 PM
How would they calculate? Mtgox value? Wouldn't that make a monopoly? BTC trades in many values


Title: Re: Press google to count in BTC
Post by: szuetam on November 18, 2012, 03:18:12 PM
How would they calculate? Mtgox value? Wouldn't that make a monopoly? BTC trades in many values

How they calculate other currency ?
It's not about precision, it's about fact that google do it, they do it with tens of currencys.


Title: Re: Press google to count in BTC
Post by: Stephen Gornick on November 19, 2012, 11:12:27 AM
I have just send via "Give us feedback" on the google.com site after searching "50USD in EURO"


Feedback like that:
"
It is "50 USD in EURO" working.
What decides which currency are working?
I'm interested with BTC, could you make it work?
"50 USD in BTC"
and
"2BTC in USD"
Could you do that?
"

Who would do the same?
Maybe Google will decide to include BTC to this calculator?


The currency exchange rates are usually provided by an official source, oftentimes the central banks.

What is the official source that Google could use?     There probably will need to be some proportional weighting method.  (e.g., for BTC/USD, something like 70% based on BTC/USD at Mt. Gox, 10% from BitSTAMP, 10% from BitFloor, 5% from CampBX, 5% from BitME.).


Title: Re: Press google to count in BTC
Post by: szuetam on November 19, 2012, 11:39:24 AM
I have just send via "Give us feedback" on the google.com site after searching "50USD in EURO"


Feedback like that:
"
It is "50 USD in EURO" working.
What decides which currency are working?
I'm interested with BTC, could you make it work?
"50 USD in BTC"
and
"2BTC in USD"
Could you do that?
"

Who would do the same?
Maybe Google will decide to include BTC to this calculator?


The currency exchange rates usually official source, usually the central banks.

What is the official source that Google could use?     There probably will need to be some proportional weighting method.  (e.g., for BTC/USD, something like 70% based on BTC/USD at Mt. Gox, 10% from BitSTAMP, 10% from BitFloor, 5% from CampBX, 5% from BitME.).


They could take percentage out of traded volumes.


Title: Re: Press google to count in BTC
Post by: paulkoan on November 20, 2012, 06:18:10 AM
Take the weighted value from bitcoincharts obviously.


Title: Re: Press google to count in BTC
Post by: Stephen Gornick on November 20, 2012, 07:17:38 AM
Take the weighted value from bitcoincharts obviously.

No, its not obvious.  These  "official" numbers would be used for things like forex settlement, tax computations, etc.  So you don't want something like Crypto x Change's numbers over the past few days appearing skewing the exchange rate used for these purposes. 

There's no "fixing" if the rates printed are flawed, so the official source needs follow a formal specification as to how these official rates are computed and what to do when a change, like what happened today with Crypto X Change occurs.

But since there's no "central bank", this will probably need to come from some financial data provider that performs QA on the data so if there are problems, the stream is halted versus flawed quotes being printed.    Merchants might pay for access to this data feed for use in setting prices on their ecommerce systems.


Title: Re: Press google to count in BTC
Post by: Garr255 on November 20, 2012, 07:28:41 AM
On a similar note... someone did say he knows someone who knows someone inside Google who is trying to include Bitcoin into Google Wallet :D


Title: Re: Press google to count in BTC
Post by: paulkoan on November 20, 2012, 07:35:08 AM
Take the weighted value from bitcoincharts obviously.

No, its not obvious.
Take the weighted value from bitcoincharts obviously.

No, its not obvious.
Ah, I thought it was obvious I was being glib.


Title: Re: Press google to count in BTC
Post by: SimpleMan on November 20, 2012, 02:19:55 PM
coinmill works fine


Title: Re: Press google to count in BTC
Post by: 2GOOD on November 21, 2012, 07:37:45 PM
Google calculator is amazing... Have been using it since day 1 especially for currency conversions... but IMO they will not include BTC anytime soon.

Here is my favorite google calc:
http://goo.gl/oKODb  (http://goo.gl/oKODb)


Title: Re: Press google to count in BTC
Post by: TheButterZone on November 21, 2012, 08:24:53 PM
Google just needs to reverse engineer this thing they already host and integrate it: http://btcticker.appspot.com