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Author Topic: Futures Sale 2: exchange rate locked to all time high until 6/16/11 00:00MDT  (Read 699 times)
bearbones
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June 10, 2011, 01:12:08 AM
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Right now, that it is 32USD to 1BTC.  Will update on new highs.  The pair I'm basing the rate/highs on is mtgoxUSD.

Why do I do this?  I am confident that any high we see in the next week will not be the high for long.  I can easily afford to wait, and in the meanwhile, it is a fun little game for speculators.  As for you bears, I ask that you put your BTC where your fingers are.

Sell sell sell

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Garrett Burgwardt
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June 10, 2011, 02:31:22 AM
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I highly recommend everyone get some delicious foods - bearbones runs a good shop!
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June 10, 2011, 06:42:31 PM
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I highly recommend everyone get some delicious foods - bearbones runs a good shop!
Thanks for letting people know what is on sale, Garrett!  I suppose that might have been important information...



http://forum.bitcoin.org/index.php?topic=14417.0

Wow.  This currently works out to ~20% off.  I stand by my word, though, even as the bears stampede.  The above link is a technical explanation of the exchange rate mechanics of this sale, and a proposal for automatic exchange rate updates moving forward.  You can see a json dump of relevant rates here.  I'd appreciate any input from customers as to the fairness of the proposed system.

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