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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