For example
we have crypto pairs which do not actually pass through U.S dollars
say Eth per doge for example
While technically there is no USD involved in the transaction (not accounted in USD!),
in reality the value of the pair follows exactly the ratio of the USD value of each asset.
How do you propose to have a stock market that doesn't function exactly the same way?
if USD is still the most salable commodity and anytime it deviates from that ratio It's an arbitrage opportunity
it will still be de facto USD denominated.
Kanzan
npub1lx…6svxa
2025-03-13 17:27:39
in reply to nevent1q…r6qx
Author Public Key
npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxaPublished at
2025-03-13 17:27:39Event JSON
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"content": "For example\nwe have crypto pairs which do not actually pass through U.S dollars\nsay Eth per doge for example\n\nWhile technically there is no USD involved in the transaction (not accounted in USD!),\nin reality the value of the pair follows exactly the ratio of the USD value of each asset.\nHow do you propose to have a stock market that doesn't function exactly the same way?\n\nif USD is still the most salable commodity and anytime it deviates from that ratio It's an arbitrage opportunity\nit will still be de facto USD denominated.",
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