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I made an error in my initial breakdown so deleted.
Basically, in its current state, you can’t “buy” bitcoin with XMR. You must “sell” XMR for bitcoin, and the actual on-chain swap has to be initiated by the Bitcoin/buy side. The difference may seem trivial (Bob and Alice each exchange their funds in the end) but it’s an important distinction.
Ah thanks for clarifying. Now it makes sense to me how it could be only "one-way"
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