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Bitcoin Discussion
Re: USD down again. BTC rock steady.
by
notme
on
22/07/2011, 07:23:49 UTC
Quote from: TraderTimm on July 22, 2011, 07:18:18 AM
Quote from: JeffK on July 22, 2011, 06:06:42 AM
The value of bitcoins are pegged against USD.
Therefore...
Sorry
"L33T LIEK JEFFK"
, that is incorrect. There is no 'peg', only a floating exchange rate determined by the market.
Measured in USD