Quote:
Originally Posted by MikeRoth
SilkRoad converts the current MTGox USD exchange rate into the bitcoin price. So the customer would still pay the same amount of USD whether bitcoin is at $70 or $150. You would then want to exchange it for USD ASAP to keep from losing money if the price of BTC goes down.
The price of bitcoin will eventually settle down.
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hmm, what if MTGox is down, and so you can't accurately determine the current exchange rate? you just make up a price and pray that when MTGox re-opens you aren't going to be down 50%?