Proposition 1.4. Assuming that:

Then the following are equivalent:
  • (i) |∙| and |∙|′ are equivalent.
  • (ii) |x|<1⟺|∙|′<1 for all x∈K.
  • (iii) There exists c∈ℝ>0 such that |x|c=|∙|′ for all x∈K.