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Bitcoin Forum > Economy > Trading Discussion > Why is the Mt.Gox price higher than other exchanges?
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forbun (OP)
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September 16, 2013, 08:21:41 AM
 #1
Can someone do the math here, how wide does the spread need to be for it to be a viable arbitrage opportunity?
What name would you give to the smallest unit of bitcoin (0.00000001)? sat. What name would you give to 100 sats? bit. 1 bit = 1 uBTC. 1,000,000 bits = 1 BTC. It's bits
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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MrVivaldi
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September 16, 2013, 08:34:49 AM
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This is simple economics, basically it has to do with the time value of money.
atlosas
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September 16, 2013, 09:01:33 AM
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Because you can't withdraw money from it
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September 16, 2013, 12:07:46 PM
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Quote from: atlosas on September 16, 2013, 09:01:33 AM
Because you can't withdraw money from it

I agree with you~
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