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RE: Important - Do NOT Use Electrum For Now! Huge Exploit Found!

in #bitcoin7 years ago

The same reason you can go to one store and find an item for a different price at another store. That's just the price at that market. Normally they stay relatively close to each other, but when there's a big disparity you can buy at the cheap exchange, transfer to the higher one and sell for a profit. I believe that's called arbitrage.

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Oh, okay. That makes sense. And, thanks for the tip on taking advantage of the cheap exchange rate. Wow.