1
submitted 9 months ago by bot@lemmit.online to c/monero@lemmit.online
This is an automated archive made by the Lemmit Bot.

The original was posted on /r/monero by /u/ComprehensiveMenu856 on 2024-02-06 10:53:39.


Please apologies me, I don't have good knowledge about market rules and economies.

All I know is that the price of a cryptocurrency on a platform is based on its last trade.

When two platforms have different prices, it means there is an arbitrage opportunity that will hopefully lead to balancing this disparity.

But it only works if people know the price on platforms. Nowaday, DEX and atomic swaps are often setting XMR price based on CoinGecko or Kraken. But in a world where we're delisted from every CEX, how are we gonna set the price ? We're indeed all hoping that atomic swaps become the standard, but if all transactions occurs

privately, how will we know in the first place there was a trade that potentially impacted xmr price ? How will we know the price to which we can swap ?

Moreover I don't see CoinGecko starting to index BasicSwap or Haveno trades as a source of information.

These are questions that I asked myself since last year, hopefully someone could provide an answer

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here
this post was submitted on 07 Feb 2024
1 points (100.0% liked)

Monero: the secure, private, untraceable currency

44 readers
1 users here now

This is the official subreddit of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

founded 1 year ago
MODERATORS