in the time dilation formula, I know that $t$ is the time measured by the stationary observer between 2 events. However, is $t'$:
- the time measured by the moving observer on his own clock between the 2 events,
or
- the time measured, in the frame of the observer at rest, between the moving observer starting and stopping his clock.
I feel like although the moving observer sees the light travel a greater distance at the same speed, the time interval between each tick of his clock is also increased by the same factor so the time intervals measured by each observer must be same and $t'$ should be $2$.
However, wouldn't that allow the moving observer to define the time interval, in his own frame, as 2 different things: number of ticks on his clock (same as the observer at rest) and $\text{distance}/c$ (greater than the observer at rest.