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RE: Looks like Steem just got a USD pair!
FIAT pairs has been the trend since late last year... First smaller exchanges introduce them for all the available coins and then bigger exchanges introduce them for select coins...
I still remember when Bittrex did announce they will focus on USD pairs for bigger traders.
Still waiting for them to do it for every pair... They talked like they would be going that direction eventually.
Trading altcoins against Bitcoin instead of FIAT is in my opinion unnecessary intermediary step that incurs double fee. Trading directly against FIAT is where things are eventually going, most likely USD, EUR, RUR and CNY pairs first. Smaller and local exchanges might also trade against local currency, like South Korean exchanges having KRW pairs.
Yep, and that will also likely help a lot of the altcoins decouple from bitcoin in terms of day to day price action. Right now they are linked, which makes very little sense.
I'm following what algorithm some altcoins choose after CN/CNLite Variant 1, as more than one has already said they won't upgrade to plain Variant 2... It seems users don't want pure PoW anymore even though they like PoW mining...