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I agree mtgox prices are borked, but historically mtgox prices were used as the "official" price, and I think this is going to continue well into the future. Since these price milestones are arbitrary anyway, does it really matter?

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That, and MtGox is often a leading indicator for the other exchanges.

No, if that was true there would be an easy arbitrage that would cancel this effect.

Only if it was really easy to get USD out of gox. It isn't.

I'd say most people are quoting coinbase as the "official" price at this point.

You'd definitely be wrong about that.

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