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theonewhowaskazu (OP)
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January 28, 2014, 12:54:27 AM |
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It should be clear to everyone that GoxBux are not the same as US Dollars these days. The question is, how fast will this cause the BTC/GoxBux rate to climb, relative to the BTC/USD rate on real exchanges.
There is actually a practical application for this. If that rate inflated at a significant pace, it could make sites like BTC.sx charge a negative or at least significantly lower, real interest rate when trading there. What do you think?
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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TERA
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January 28, 2014, 01:01:08 AM |
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BreathOfZen
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January 28, 2014, 01:02:12 AM |
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I think it's not inflation because in order to buy things with a gox buck, you'd have to be able to get it out of their exchange.
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Aoeui Artifacts
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Chalkbot
Legendary
 Offline
Activity: 896
Merit: 1001
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January 28, 2014, 01:04:01 AM |
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I think it's not inflation because in order to buy things with a gox buck, you'd have to be able to get it out of their exchange.
You can buy goxcoins with them. |
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eiskalt
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January 28, 2014, 01:09:31 AM |
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It should be clear to everyone that GoxBux are not the same as US Dollars these days. The question is, how fast will this cause the BTC/GoxBux rate to climb, relative to the BTC/USD rate on real exchanges.
There is actually a practical application for this. If that rate inflated at a significant pace, it could make sites like BTC.sx charge a negative or at least significantly lower, real interest rate when trading there. What do you think?
For sure it will outperform the $$ approximately 1000% a day from yesterday on |
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virtualfaqs
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January 28, 2014, 01:12:40 AM |
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All I can say is I'm so glad I got rid of all my Mtgox fiat today. I have to thank Mr. Shrem for getting arrested and giving me an opportunity to not have to buy coins at $1000+  I think Willy played a huge factor for when the gap increased from 100 to 130. Then 130 to 160. Then 160 to now. If Willy were to sell the 14,000 BTC he got from Mtgox, the price would return to 100 gap. |
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TERA
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January 28, 2014, 01:13:27 AM |
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All I can say is I'm so glad I got rid of all my Mtgox fiat today. I have to thank Mr. Shrem for getting arrested and giving me an opportunity to not have to buy coins at $1000+ I think Willy played a huge factor for when the gap increased from 100 to 130. Then 130 to 160. Then 160 to now. If Willy were to sell the 14,000 BTC he got from Mtgox, the price would return to 100 gap. I think Willy is selling on Bitstamp. |
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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January 28, 2014, 10:37:40 AM |
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I think it's not inflation because in order to buy things with a gox buck, you'd have to be able to get it out of their exchange.
You can buy goxcoins with them. In order to buy things with a gox coin, you'd have to be able to get it out of their exchange. |
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eiskalt
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January 28, 2014, 11:17:14 AM |
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I think it's not inflation because in order to buy things with a gox buck, you'd have to be able to get it out of their exchange.
You can buy goxcoins with them. In order to buy things with a gox coin, you'd have to be able to get it out of their exchange. Mtgxog vouchers coming soon. For sure. |
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virtualfaqs
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January 28, 2014, 11:45:38 AM |
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I think it's not inflation because in order to buy things with a gox buck, you'd have to be able to get it out of their exchange.
You can buy goxcoins with them. In order to buy things with a gox coin, you'd have to be able to get it out of their exchange. Mtgxog vouchers coming soon. For sure. Can't. Against financial regulations. Mtgox used to have vouchers. |
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eiskalt
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January 28, 2014, 11:52:01 AM |
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I think it's not inflation because in order to buy things with a gox buck, you'd have to be able to get it out of their exchange.
You can buy goxcoins with them. In order to buy things with a gox coin, you'd have to be able to get it out of their exchange. Mtgxog vouchers coming soon. For sure. Can't. Against financial regulations. Mtgox used to have vouchers. in Japan? |
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virtualfaqs
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January 28, 2014, 07:15:07 PM |
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I think it's not inflation because in order to buy things with a gox buck, you'd have to be able to get it out of their exchange.
You can buy goxcoins with them. In order to buy things with a gox coin, you'd have to be able to get it out of their exchange. Mtgxog vouchers coming soon. For sure. Can't. Against financial regulations. Mtgox used to have vouchers. in Japan? I thought the Mtgox voucher program was discontinued altogether. |
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