Han Shan on Nostr: The USD Denominates Everything --------------- Because apparently it needs to be ...
The USD Denominates Everything
---------------
Because apparently it needs to be said,
the only reason you can make the conversion BTC->XMR
or to whatever
is because you have an underlying UoA denomination to compare them with.
its the US dollar.
it denominates everything.
you are comparing
two USD denominated prices.
the price of one thing.
as measured in USD.
against.
the price of another thing.
as measured in USD.
A comparison of the relative FIAT value of two things,
that is what a price graph is.
As long as the UoA is the US dollar.
Published at
2024-10-06 22:49:36Event JSON
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"content": "The USD Denominates Everything\n---------------\n\nBecause apparently it needs to be said,\n\nthe only reason you can make the conversion BTC-\u003eXMR \nor to whatever\n\nis because you have an underlying UoA denomination to compare them with.\n\nits the US dollar.\nit denominates everything.\n\nyou are comparing\ntwo USD denominated prices.\n\nthe price of one thing.\nas measured in USD.\nagainst.\nthe price of another thing.\nas measured in USD.\n\nA comparison of the relative FIAT value of two things,\nthat is what a price graph is. \nAs long as the UoA is the US dollar.",
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