Oddbean new post about login | logout 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.