Replying to Avatar Hanshan

(XMR/USD)รท(BTC/USD)

is obviously USD denominated

there are no BTC denominated charts on a USD UoA

dont feel bad nostr:npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8 doesn't understand UoA either

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EVAN KALOUDIS 11mo ago

What is XMR/BTC denominated in?

What about people who use BTC as a UoA?

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Hanshan 11mo ago

dividing a USD price of an item

by the USD price of Bitcoin

does NOT change the UoA (fucking obviously!)

the UoA is *what prices are set in*

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EVAN KALOUDIS 11mo ago

Do exchanges where you swap BTC for XMR or vice versa not exist?

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Hanshan 11mo ago

all direct exchanges trend towards the value of the USD price comparison

obviously any fluctuation away from those prices is an arbitrage opportunity

this is BECAUSE the USD is the underlying UoA