On: Bitcoin breaks $200

[narcissus]

For what it's worth, Silk Road provided it's own system for guaranteeing stability of price (that is to say, there were guaranteed exchange rates if desired). I don't think there was any need for SR users (well, sellers at least) to manipulate the price for that reason.

[dllthomas → narcissus]

Interesting; have you more detail on that system?

[gwern → dllthomas]

Google its 'hedging' system; now that it's down, the documentation will be harder to come by but there should still be clearnet discussions of it.