Post
Topic
Board Altcoin Discussion
Re: Multicoin, Namecoin, Goldcoin, Silvercoin, OilCoin, 1971coin, backed by bitcoin!
by
dacoinminster
on 27/07/2011, 22:49:57 UTC
I mean the spot price at the moment of redemption.

Yes, that would be the external spot price which I keep insisting matters very little. The price of a sale is decided by the buyer and the seller of the contract. They have an incentive to meet at the external spot price, but the incentive is small.