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RE: Ripple now the second most valuable cryptocurreny in the world, again
@mrme1984 being 1st is a not possible what I think because BTC is mother currency and replacing it is a not possible. this is what I think.
I agree.
As long as Bitcoin (BTC) is the base currency of majority of larger exchanges, replacing it will be next to impossible. In few years due to stricter regulations we can expect to have more exchanges that list only CryptoNote coins and on those exchanges base currency might be Monero or some other/new coin if community loses faith in management of Monero.
We might see some of the regulated exchanges pop up with mostly fiat pairs as well. If that were to happen we would finally break much of the correlation between bitcoin and everything else.
The problem with fiat pairs is that some exchanges still have high minimum trading limits. Bittrex for example has 1000 USD minimum limit before you can withdraw.
Yes, but those will likely go down over time. If one exchange starts dropping them, then all the business will go there and force the others to drop as well. A race to the bottom that benefits retail. :)
At least Bittrex has nasty way of forcing people to use their exchange... They limit both BTC and FIAT withdrawals... It's hard to find altcoin, that has low enough fees, that is also listed on another exchange.