Replying to Avatar EVAN KALOUDIS

What is XMR/BTC denominated in?

What about people who use BTC as a UoA?
Avatar
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*

Reply to this note

Please Login to reply.

Discussion

Avatar
EVAN KALOUDIS 11mo ago

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

Avatar
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