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Title: Winkdex... Post by: T.Stuart on February 19, 2014, 10:55:34 PM Check out this new price index from the Winklevoss twins:
http://winkdex.com Quite neat-looking, if a bit sparse on tools. Nice to see that Gox prices are out of the equation. I don't know if it's intentional, but the "about" section is mildly amusing... EDIT: read Gox prices are not included here: http://newsbtc.com/2014/02/19/winklevoss-twins-launch-winkdex-blended-bitcoin-price-index/ Title: Re: Winkdex... Post by: Singlebyte on February 19, 2014, 11:04:05 PM Interesting....
Wonder if the community will except this new index as the "defacto" over other pricing sites. Also curious why they felt the need to create a new pricing index. Title: Re: Winkdex... Post by: T.Stuart on February 19, 2014, 11:07:05 PM Interesting.... Wonder if the community will except this new index as the "defacto" over other pricing sites. Also curious why they felt the need to create a new pricing index. Don't know but I like that Gox prices are not factored in. Title: Re: Winkdex... Post by: Biodom on February 19, 2014, 11:25:42 PM Should have been Windex, but it is probably copyrighted, LOL
(Win-win)dex or (wink-wink) are 'solid' choices as well. winkldex is still better than winkdex, but the winner should have been: WINBIT Any other suggestions? Interesting.... Wonder if the community will except this new index as the "defacto" over other pricing sites. Also curious why they felt the need to create a new pricing index. Reason-they don't want to pay inflated coinbase prices Title: Re: Winkdex... Post by: cbeast on February 19, 2014, 11:27:00 PM Interesting.... Wonder if the community will except this new index as the "defacto" over other pricing sites. Also curious why they felt the need to create a new pricing index. Don't know but I like that Gox prices are not factored in. Title: Re: Winkdex... Post by: windjc on February 19, 2014, 11:52:07 PM Interesting.... Wonder if the community will except this new index as the "defacto" over other pricing sites. Also curious why they felt the need to create a new pricing index. I assume because their ETF will need a price index. Might as well create their own than trusting someone elses. Title: Re: Winkdex... Post by: JimboToronto on February 20, 2014, 02:46:22 AM I like that Gox prices are not factored in. Absolutely. To include them would be a travesty. As they describe it: Quote Winkdex is calculated by blending the trading prices in U.S. dollars for the top three (by volume) qualified Bitcoin Exchanges* during the previous two hour period using a volume-weighted exponential moving average. * As of February 7, 2014, Mt.Gox placed a "pause on all BTC withdrawal requests” in addition to a continued "back-log of [USD] withdrawals”. As a result, it is no longer a qualified exchange for the Winkdex calculation. I'm not the biggest Winklevoss fan but they seem to have gotten this one right. Title: Re: Winkdex... Post by: dave111223 on February 20, 2014, 02:52:53 AM http://winkdex.com/#/about
lol :D There is only one word different in their profiles...their first name...why would they even put that on there like that, isn't it embarrassing? Title: Re: Winkdex... Post by: JimboToronto on February 20, 2014, 03:05:05 AM http://winkdex.com/#/about lol :D There is only one word different in their profiles...their first name...why would they even put that on there like that, isn't it embarrassing? They're probably proud of it. ::) Title: Re: Winkdex... Post by: BitChick on February 20, 2014, 03:25:14 AM Not a bad day to come out with it. We are pretty undervalued with the Gox issues I believe. It might spur some interest if people look at it in a day or two and see the price increase by $100 or more. ;D I know I am bullish here but it could happen. Anything can happen with Bitcoin I believe.
Title: Re: Winkdex... Post by: HairyMaclairy on February 20, 2014, 03:25:57 AM Looks like they split the difference between Bitstamp and BtC E.
Glad they patented that. *On a serious note this is the right decision. The media needs to be weaned off quoting Gox and this is how to achieve it. ** the index has a hidden weakness in not referencing Huobi or OkCoin. Title: Re: Winkdex... Post by: JimboToronto on February 20, 2014, 03:40:34 AM the index has a hidden weakness in not referencing Huobi or OkCoin. Quote Winkdex is calculated by blending the trading prices in U.S. dollars for the top three (by volume) qualified Bitcoin Exchanges during the previous two hour period using a volume-weighted exponential moving average. I think they mean the top three (by volume) qualified Bitcoin Exchanges using USD. Isn't Huobi JPN only? At least they are using a volume-weighted exponential moving average. Title: Re: Winkdex... Post by: goxed on February 20, 2014, 03:50:55 AM Can someone explain in simple terms how Winkdex works and how is this price quoted?
Title: Re: Winkdex... Post by: dave111223 on February 20, 2014, 03:53:02 AM Can someone explain in simple terms how Winkdex works and how is this price quoted? (Bitstamp + BTC-e) / 2 * I have a patent and trademark pending on this highly complex equation; you must pay me for looking at it ;D Title: Re: Winkdex... Post by: JimboToronto on February 20, 2014, 03:55:22 AM Can someone explain in simple terms how Winkdex works and how is this price quoted? I quoted this directly from their website twice already. I'll try a third time. Quote Winkdex is calculated by blending the trading prices in U.S. dollars for the top three (by volume) qualified Bitcoin Exchanges during the previous two hour period using a volume-weighted exponential moving average. Title: Re: Winkdex... Post by: JimboToronto on February 20, 2014, 04:02:15 AM Can someone explain in simple terms how Winkdex works and how is this price quoted? (Bitstamp + BTC-e) / 2 * I have a patent and trademark pending on this highly complex equation; you must pay me for looking at it ;D No. That's wrong. If you don't know, perhaps you shouldn't post BS. Putting a smiley in your brag won't stop some people from actually believing that crap. It's based on the top 3 qualified USD exchanges, not just Stamp and BTC-e and is not a simple average, but a weighted moving exponential average. Title: Re: Winkdex... Post by: TheFootMan on February 20, 2014, 09:23:44 AM I don't know if it's intentional, but the "about" section is mildly amusing... That was too funny. My first thought: Those dudes are SCARY identical! I wonder if they got the same grades as well! But really they should've called it the 'Winkledex'. Title: Re: Winkdex... Post by: rangedriver on February 20, 2014, 09:52:07 AM With no altcoins listed I can't see it being much use over BitcoinWisdom, Coinmarketcap and/or TargetMoon.
Title: Re: Winkdex... Post by: GigaCoin on February 20, 2014, 09:53:29 AM Winkdex is awesome and i look forward to the ETF
Title: Re: Winkdex... Post by: tss on February 21, 2014, 04:20:52 AM finally someone big steps up to do some good for a try at bitcoin stabilization
Title: Re: Winkdex... Post by: HairyMaclairy on February 21, 2014, 05:41:16 AM So what exchange is going to use the Winkdex so we can smash them on latency arbitrage?
Title: Re: Winkdex... Post by: knightcoin on February 21, 2014, 05:57:20 AM can Winkdex have correlation with gold at some point or in the future ?
Title: Re: Winkdex... Post by: phelix on March 04, 2014, 09:08:15 AM http://blockchained.com/stuff/bps_s.png
The Winkdex has been nominated as Bitcoin project of Winter 2014 - vote now: https://bitcointalk.org/index.php?topic=251087.0 Title: Re: Winkdex... Post by: EuroTrash on March 04, 2014, 09:42:45 AM EMA is the correct way to do it. But keeping their formula secret gives them a way to tweak it for whatever reason.
That attitude is a big red flag for me. There is no such thing as good faith when too much power is involved. That's why we trust opensource code and formulas that are written on the wall for anyone to see. That's why we trust math vs central banks in the first place. So beware of the Winkdex. |
