bitcoinwatch.com has a new owner

[tcatm]

http://bitcoinwatch.com has changed owners and is now part of http://bitcoincharts.com

New features:
* shows all markets bitcoincharts knows about
* show only markets with trades within the last 24h
* total economy size in EURO

[Cryptoman]

I've noticed that from time to time the gold conversion value is incorrect.  This is one of those times.  It should be on the order of 4000 ounces of gold currently.

[tcatm]

Where do you get that 4000 oau figure from? Is there any bitcoin/gold market I don't know about?

[jgarzik]

I've noticed that from time to time the gold conversion value is incorrect.  This is one of those times.  It should be on the order of 4000 ounces of gold currently.

Where do you get that 4000 oau figure from? Is there any bitcoin/gold market I don't know about?

This might be a bitcoinwatch FAQ.  Many people often assume that the gold/BTC value is simply calculated from the BTC/USD price, after getting a spot gold quote from some third party financial website.

But bitcoinwatch tries to calculate directly from the most recent BTC/GAU trading prices, which can sometimes appear "outdated" versus current GAU/USD price due to slow BTC/GAU trading.

[Cryptoman]

This might be a bitcoinwatch FAQ.  Many people often assume that the gold/BTC value is simply calculated from the BTC/USD price, after getting a spot gold quote from some third party financial website.

I was converting from USD.  Where is Bitcoin actively traded for gold?  Must be very thin trading.

[jgarzik]

Where is Bitcoin actively traded for gold?  Must be very thin trading.

Bitcoin Central and Bitcoin Market (v2).

[S3052]

This might be a bitcoinwatch FAQ.  Many people often assume that the gold/BTC value is simply calculated from the BTC/USD price, after getting a spot gold quote from some third party financial website.

The above method described by jgarzik would be the best way to show BTC/Gold in $. I don't know how difficult it is to pull Gold/USD prices from a third source, but definitely this would be very accurate.

This would also be a phenomenal measure of success for Bitcoins overall. Since its creation, BTC has outperformed Gold by galaxies.. We should track how this continues.

And then, if BTC/Gold continues to perform well, this could be used as a strong marketing sell to the public:

Bitcoins is Gold 2.0 - better, faster and much lighter.

[ryepdx]

...if BTC/Gold continues to perform well, this could be used as a strong marketing sell to the public:

Bitcoins is Gold 2.0 - better, faster and much lighter.

+1

[tcatm]

There were some issues that prevented bitcoinwatch from updating today. This has been fixed.