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Off topic, but the "ETH/USD" label on the price graph bothers me. Shouldn't it be USD/ETH? https://www.overclock3d.net/gfx/articles/2017/07/16083553143l.jpg h

Off topic, but the "ETH/USD" label on the price graph bothers me. Shouldn't it be USD/ETH? https://www.overclock3d.net/gfx/articles/2017/07/16083553143l.jpg https://www.overclock3d.net/gfx/articles/2017/07/16083553143... 150 ETH/USD would mean that you can get 150 coins per 1 USD. On the other hand, 150 USD/ETH correctly captures the mathematical relationship.

coolguy4 9y ago
150 ETH/USD is normal forex notation. The graph shows a currency pair. So one currency is being sold in exchange for the other. When you see currency pairs like this, ETH/USD, the first currency (ETH) is the one being bought, the second currency (USD) is the one being sold. If the chart is going up, the first currency is becoming stronger against the second. If the chart is going down, the first currency is becoming weaker against the second. In that light it does make sense mathematically. The currency being sold is the denominator and the currency being bought is the numerator. The value of the currency being bought, the numerator is directly proportional to the exchange value of the pair. The value of the currency being sold, the denominator, is inversely proportional to the exchange value of the pair
- deleted 9y ago
  [deleted]
- jsmthrowaway 9y ago
  That it took you that much to explain kind of illustrates the point, I think.
crazydoggers 9y ago
It comes from the currency markets. What you really care about is the relative value of the first currency. The last or bottom currency is the base currency which is what your using to gauge the value of the first relative to other pairs with the same base. https://en.m.wikipedia.org/wiki/Currency_pair https://en.m.wikipedia.org/wiki/Currency_pair
solidsnack9000 9y ago
Imagine the worth of ETH and USD denominated in ISK. ETH in ISK = 16524.55 USD in ISK = 103.42 ETH / USD (1 * ETH) / (1 * USD) # Multiplicative identity 16524.55 ISK / 103.42 ISK # Expand to ISK 16524.55 / 103.42 # Cancellation of units 159.78 # Division
- jameskegel 9y ago
  ...is this an Eve Online reference? If so, although unexpected, I appreciate it.
  - duskwuff 9y ago
    Icelandic króna, more likely. AFAIK, there isn't an open exchange between currency and in-game ISK.
  - solidsnack9000 9y ago
    EVE Online was built in Iceland. It is no coincidence that the "InterStellar Kredit" and the "ÍSlensk Króna" have the same currency symbol. Iceland at one time had great aspirations in the banking sector...

coolguy4 9y ago

150 ETH/USD is normal forex notation. The graph shows a currency pair. So one currency is being sold in exchange for the other. When you see currency pairs like this, ETH/USD, the first currency (ETH) is the one being bought, the second currency (USD) is the one being sold. If the chart is going up, the first currency is becoming stronger against the second. If the chart is going down, the first currency is becoming weaker against the second. In that light it does make sense mathematically. The currency being sold is the denominator and the currency being bought is the numerator. The value of the currency being bought, the numerator is directly proportional to the exchange value of the pair. The value of the currency being sold, the denominator, is inversely proportional to the exchange value of the pair

deleted 9y ago
[deleted]
jsmthrowaway 9y ago
That it took you that much to explain kind of illustrates the point, I think.

crazydoggers 9y ago

It comes from the currency markets. What you really care about is the relative value of the first currency. The last or bottom currency is the base currency which is what your using to gauge the value of the first relative to other pairs with the same base. https://en.m.wikipedia.org/wiki/Currency_pair https://en.m.wikipedia.org/wiki/Currency_pair

solidsnack9000 9y ago

Imagine the worth of ETH and USD denominated in ISK. ETH in ISK = 16524.55 USD in ISK = 103.42 ETH / USD (1 * ETH) / (1 * USD) # Multiplicative identity 16524.55 ISK / 103.42 ISK # Expand to ISK 16524.55 / 103.42 # Cancellation of units 159.78 # Division

jameskegel 9y ago
...is this an Eve Online reference? If so, although unexpected, I appreciate it.
- duskwuff 9y ago
  Icelandic króna, more likely. AFAIK, there isn't an open exchange between currency and in-game ISK.
- solidsnack9000 9y ago
  EVE Online was built in Iceland. It is no coincidence that the "InterStellar Kredit" and the "ÍSlensk Króna" have the same currency symbol. Iceland at one time had great aspirations in the banking sector...