The Twins launch Winkdex, a bitcoin price tracker. The index takes an amalgamation of bitcoin prices over six exchanges, including Japan’s MtGox, Britain’s Bitstamp and Bulgaria’s BTC-E. The prices are averaged together using a “proprietary, patent pending Winkdex formula” which takes into account volume and timing of transactions. Cameron is the CEO of the company behind Winkdex, Tyler, is the president of the firm.
Cameron: We believe that we are establishing an accurate spot price that reflects the true value of a bitcoin and resolves the price confusion that exists due to the various exchanges. The creation of an index that better reflects accurate pricing is the next step in wider acceptance of bitcoin as an asset class