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Author Topic: Winklevoss Twins Release Beta Bitcoin Price Index  (Read 2015 times)
rat
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February 19, 2014, 11:57:15 PM
 #1

http://winkdex.com/#/
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DaFockBro
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February 20, 2014, 12:34:08 AM
 #2


Pretty interesting.  It's indicating a severe drop in demand on mtgox and a boom in demand on localbitcoins.


Can't wait for that Winklevoss ETF to come out.  That's going to be huge.
waylon james
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February 20, 2014, 12:38:11 AM
 #3

How do they figure the prices out? Localbitcoins are selling for $680 in my area. It is listed at $853 on the Winkdex.
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February 20, 2014, 12:41:48 AM
 #4

How do they figure the prices out? Localbitcoins are selling for $680 in my area. It is listed at $853 on the Winkdex.
This is why it is in beta. I can barely access the site.


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jr3951
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February 20, 2014, 12:45:34 AM
 #5

I like everything but the name, IMO they should have named it WinDex
zunath
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February 20, 2014, 12:47:06 AM
 #6

I like everything but the name, IMO they should have named it WinDex

Probably a better name, but that's already taken.

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Pugsare4mugs
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February 20, 2014, 12:55:36 AM
 #7

Could someone explain this to me?

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BittBurger
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February 20, 2014, 12:58:41 AM
 #8

Winkdex.

*facepalm*

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5thStreetResearch
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February 20, 2014, 01:01:55 AM
 #9


Pretty interesting.  It's indicating a severe drop in demand on mtgox and a boom in demand on localbitcoins.


Can't wait for that Winklevoss ETF to come out.  That's going to be huge.

Its not factoring Mt Gox into their price at all. From the Formula section.... 

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.

DanielVG
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I want free lunch, i'm gonna go with this guy.


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February 20, 2014, 01:03:39 AM
 #10

DEX
5thStreetResearch
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February 20, 2014, 01:04:31 AM
 #11

Seems pretty arrogant/ douchey to make this and call it the Winkdex, what clowns

omegahertz
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February 20, 2014, 01:54:59 AM
 #12

Seems pretty arrogant/ douchey to make this and call it the Winkdex, what clowns

Not a fan of the twins in general. Douchey indeed. But a damn slick looking site. I'll give them that.
exstasie
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February 20, 2014, 01:58:25 AM
 #13

Seems pretty arrogant/ douchey to make this and call it the Winkdex, what clowns

Not a fan of the twins in general. Douchey indeed. But a damn slick looking site. I'll give them that.

at least is giving some new added exposure to BTC.  Can't really harm BTC.

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February 20, 2014, 02:03:07 AM
 #14

Winkledex would have been better.

'...and the Winkledex fell by 5% today due to a post from proudhon on the bitcointalk forums'

Yeah, I can definitely imagine a reporter reading that from the autocue whilst keeping a straight face.
xingqiaoyin
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February 20, 2014, 02:05:07 AM
 #15

Winkledex would have been better.

'...and the Winkledex fell by 5% today due to a post from proudhon on the bitcointalk forums'

Yeah, I can definitely imagine a reporter reading that from the autocue whilst keeping a straight face.

+1
DaFockBro
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February 20, 2014, 02:58:52 AM
 #16

Winkledex would have been better.

'...and the Winkledex fell by 5% today due to a post from proudhon on the bitcointalk forums'

Yeah, I can definitely imagine a reporter reading that from the autocue whilst keeping a straight face.

+1

Agreed.  Winkledex rolls of the tongue much easier than Winkdex.

Coindesk article paraphrases the Winklevoss lawyer saying the ETF could be approved by the end of the year.

November-December 2014 > November-December 2013?


http://www.coindesk.com/winklevoss-twins-price-index-bitcoin-winkdex/
DaFockBro
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February 20, 2014, 03:04:03 AM
 #17

Anyone else know where that LBC price is coming from? 

It says $1000+, but when I go to the website everything says $600-$700
whtchocla7e
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February 20, 2014, 03:54:48 AM
 #18

How do they figure the prices out? Localbitcoins are selling for $680 in my area. It is listed at $853 on the Winkdex.

It's called a coin PUMP...
kjosiff
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February 20, 2014, 04:27:06 AM
 #19

How do they figure the prices out? Localbitcoins are selling for $680 in my area. It is listed at $853 on the Winkdex.

It's called a coin PUMP...

What a surprise..... yet another attempt to affect the price of btc for ones (in this case twins?) own gain.

Truly shocking.
CoinMode
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February 20, 2014, 06:43:29 AM
 #20

The name is dumb, but that can be changed later. Think of this as more of a proof of concept, and you can't exactly expect the Winklevii to do anything perfectly. So far they have made the largest known purchase of bitcoins, and they did it at a time when most thought the currency would flounder as a black market oddity. They are behind most of the large positive stories we saw last year in the press, and they are currently speaking directly to government officials at very high levels to get bitcoin legitimized. All of this makes them a fortune, sure, but they came from an uber-rich family so it is no big surprise that they will be very successful. Believe it or not, as douchey as they may seem sometimes, they are doing more than almost any other person(s) to help bitcoin.

You all should really be thanking them, honestly, and you know you should. You don't have to like them in order to thank them and show due respect. It makes all of us on this forum look bad when we attack people that are trying to help us as much as possible.
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