jin on Nostr: I’m not sure I’m understanding this so forgive me if I’m ignorant here, but is ...
I’m not sure I’m understanding this so forgive me if I’m ignorant here, but is it not based off of their prices in fiat?
Like 1 XMR = ~0.0023 BTC, and it’s exchanging at that rate because 1 XMR = ~$146 USD, which also is = ~0.0023 BTC. So you get that amount of Bitcoin /because/ that’s how much the XMR would be worth in fiat. Or is there another way to calculate it?
Published at
2024-10-07 17:27:53Event JSON
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"content": "I’m not sure I’m understanding this so forgive me if I’m ignorant here, but is it not based off of their prices in fiat? \n\nLike 1 XMR = ~0.0023 BTC, and it’s exchanging at that rate because 1 XMR = ~$146 USD, which also is = ~0.0023 BTC. So you get that amount of Bitcoin /because/ that’s how much the XMR would be worth in fiat. Or is there another way to calculate it?",
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