I genuinely don’t think you are getting the point here. Please explain to us then: How do you determine what amount of Monero trades for what amount of Bitcoin? Where does the price basis come from? You cannot just reply “Bitcoin is the denominator”. Conversion requires mathematics, so please explain with the equation that determines the value and how it’s done.

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It doesn't matter what you start with to determine value at present. The starting point is not involved in the future equation to compare currencies. They are all money. They are all competing to be money. They're not all competing to be USD. USD is just one of the monies competing.