Oddbean new post about login | logout jfc "hardest money ever, everything over 21m, money is a zero sum game" can't read a price chart. and thats a *standard* misunderstanding THERE ARE NO BITCOIN DENOMINATED CHARTS nostr:nevent1qqsyzez3rlspzp89ljqzmq46ra8f5dlz04et6fcagawc0yp9plqvkwcpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyqt0rgqsp4x0l77vggcw3c8y9yxvtpyurtwxf4n98ldq0sp3kyr5kqcyqqqqqqgjwhsth
That is a Bitcoin denominated chart. You are just retarded.
i literally showed my work dude are you saying the chart you shared is NOT the graph of (BTC/USD)/(XMR/USD)? cause I'd love to know how I'm wrong.
I know this may be hard for a shitcoiner to understand, but you can measure things in Bitcoin.
i know critical thinking isnt a maxi strong point, but the hard truth is that: as long as the unit of account is USD, there are no BTC denominated charts.
1BTC is 1BTC. 1XMR is 1XMR. You can measure them against each other. USD does not HAVE to be the unit of account simply because it's the largest currency. That is such a stupid supposition. You can use BTC or XMR as the unit of account. The fact that you can't grasp that really speaks volumes.
none of these charts are using BTC or XMR as unit of account. none of them. nobody does. until these things are used as MoE and prices are denominated in BTC that isn't a thing. when homeboy says he denominates large purchases in BTC, it means he sees a house price and says "thats 10 BTC." iow, it comes back to USD until the house is priced, marketed and sold for BTC. so no, you are wrong. and it matters. THERE ARE NO BITCOIN DENOMINATED CHARTS
If you put BTC as the denominator, it's the unit of account... You don't understand basic comparisons man.
THE POINT IS THAT "BTC" IS THE FIAT USD DENOMINATED VALUE OF "BTC" prove me wrong.
Your argument is we don't know the value of anything and we can't measure it.
getting closer... my argument is that we measure relative value with the dominant UoA. which is USD. that stuff you shit on 90% of the time but want to wave in XMR bros face when it suits you.
It always suits me. I don't measure value in USD. I measure in BTC. You should try it.
you are welcome to do whatever you like. your chart however, is denominated in USD.
No... It's not but ok.
as homeboy is pointing out on the other thread there is nuance, because an exchanges order book doesnt *necessarily* follow the USD price but since it does in fact follow the USD price like absolutely always, (because if they DONT follow USD price its an opportunity for traders and they jump in until it swings back) Exchange charts are de facto USD denominated.
Guy thinks you can't denominate in BTC because USD is bigger mCap. Makes sense why he shitcoins. And I'M the one that can't think critically... nostr:nevent1qqsfqw8l8vyp5e7utgwas7h7ckft4r5s9vp6h9rutcaglsqxpmtfkacpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyruct5cfr97gqhshr8rnrpd4wn7raeq86lqmv9taa6vudt8ztxdmkqcyqqqqqqg0ux6xy
nobody said that. like ever. not even remotely. i guess its understandable that lacking any actual logical response, you've gone for the "misinterpreted strawman quoted to my own followers" method of argumentation. weak.