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General Discussion / Re: What is the best term to use to refer to the bytemaster?
« on: September 08, 2014, 12:36:34 am »I updated the survey with the great suggestions,
So keep them coming...
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Okay. July 21, 2014 I see price of .00002125 BTC from coinmarketcap.com 180 day chart. From coindesk.com I see a BTC price of $620 on that day so I think it comes out to $.013175 per BTSX.
Best I can do for now.
Edit: Even lower the next day, July 22, 2014: .00001598 BTC and BTC $618 for $.00987564 per BTSX.
I believe the average person 'bought' the initial shares for less than $0.005
I doubt it. Closer to $0.01 average for initial shares.
Can you provide some justification for this, which everyone will accept as fact?
He is correct. It was about $.01 or less. I had no initial shares so I had to buy.
I have been thinking about something similar and related to this a lot recently.
I've been wondering if adopting the term "bits" in place of BTSX or the previous suggestion "bips", which does not seem to have gained any traction.
I think it would go a long way to helping users understand bitassets relation to BTSX, and would make the naming of bitUSD, bitGLD, bitCNY, etc. seem more obvious.
Adopting bips would be very unfortunate, as bips, or bps, is another word for basis point, 1/100 of 1%. Used very frequently in all sorts of investments and trading environments.
I believe the average person 'bought' the initial shares for less than $0.005
I doubt it. Closer to $0.01 average for initial shares.
I believe the average person 'bought' the initial shares for less than $0.005