It seems Bitstamp is the "bottom" and Gox is the "top". The last settlement (as in, the last time the price came close to settling, given how volatile this market is), it was when Bitstamp and Gox prices came to the closest I've seen them since I started following the market a few months ago.
Experienced, wise speculators, does this make sense or am I talking out my ass?
I think it's an effect, not a cause. Arbitrage gaps close when volatility decreases.
Stamp appears to be on the move.
bitcoinity just switched to mBTC by default - awesome!
so dumb, switched it right back.
I'm not convinced that mBTC is a good idea. Seems like some people just want to fool the market and noobs into thinking that bitcoins are cheaper than they are. One thing about Bitcoin is that it is the first 100% honest moeny. If it costs $1100 each, then so be it!
Do you feel that using grams as a unit of exchange for gold is a bad idea?
Some people don't understand that a bitcoin is divisible (I think everyone understands it's possible to buy less than a TOz). This solves that problem. I don't think it's fooling or defrauding anyone.
It's not entirely their fault for thinking that, either. BitCOIN does make it sound like an indivisible whole.
I am strongly in favor of the change. There's always the option to switch back - if you like it like that, the change isn't aimed at you anyway.
