What is the effective GoxBux inflation rate?

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+ Grin

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.

virtualfaqs

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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+ Grin

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.

eiskalt

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Quote from: theonewhowaskazu on January 27, 2014, 07:54:27 PM

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

Chalkbot

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Quote from: BreathOfZen on January 27, 2014, 08:02:12 PM

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.

BreathOfZen

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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.

TERA

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https://www.tradingview.com/e/OPX4Xw9D/

theonewhowaskazu

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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?

Topic: What is the effective GoxBux inflation rate? (Read 757 times)