BitShares Forum

Main => Technical Support => Topic started by: karnal on February 25, 2015, 06:18:44 pm

Title: If 1 BitUSD should always be worth around 1 USD, then 1 BitGLD should be worth..
Post by: karnal on February 25, 2015, 06:18:44 pm

.... what?

 :-\

Title: Re: If 1 BitUSD should always be worth around 1 USD, then 1 BitGLD should be worth..
Post by: cass on February 25, 2015, 06:25:46 pm

Quote from: karnal on February 25, 2015, 06:18:44 pm

.... what?

 :-\

1 troy ounce .999 fine gold

https://bitsharesblocks.com/asset/info?asset=GOLD

Title: Re: If 1 BitUSD should always be worth around 1 USD, then 1 BitGLD should be worth..
Post by: karnal on February 25, 2015, 06:29:32 pm

Now it makes sense 8) Thanks cass..

Title: Re: If 1 BitUSD should always be worth around 1 USD, then 1 BitGLD should be worth..
Post by: kosh on March 13, 2015, 12:35:08 am

If you look at the asset portion of the block explorer you can click on any asset and then click the info tab. This will explain more about the asset. See: https://bitsharesblocks.com/assets/market (https://bitsharesblocks.com/assets/market). Precious metals are nearly always measured in Troy Ounces, sometimes abbreviated ozt.

There are other assets, like Oil, that are pegged to the barrel. Confusingly, "GAS" is 1 gallon (US) of 87 Octane. I would expect "GAS" to be natural gas and "GAS" here to be something else like "GAS-87" or "PETROL-87" and what about gasoline by the liter anyway? But, I digress.