Ninjastic
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Re: BTC Price Stability
by
marty.lee
on 05/09/2011, 05:50:10 UTC
Quote from: NothinG on September 05, 2011, 05:46:49 AM
Quote from: marty.lee on September 05, 2011, 05:33:31 AM
Quote from: methodsaint on September 05, 2011, 05:29:34 AM
Quote from: NothinG on September 05, 2011, 12:59:38 AM
BTC should be worth whatever the buyer/seller wants to trade them for.

I think that makes them more unstable then saying they're worth a fixed price.
As I said before.
(b*r)/(2500000-d) = (144004*50)/( 2500000- 1777774.4820015) = 9.9694622
That should be the current price, but it is slightly off
Last Price: 7.89859 High:8.467 Low: 7.8 Volume: 21694 Weighted Avg: 8.0884
about $2 high.
What does 2,500,000 stand for?
It is a control variable for highest difficulty that is possible for quite a while. It is like how the score at bitcoin.cz or whatever pool does score is calculated. I fixed some of that in my later equation.