I was going to write this to MaidSafeCoin (MAID) - Price & Trading topic but for some reason there is no “Reply” button there for me. I guess there is some kind of rule against too new members posting in there or something like that? Anyway I write it here as I think this is not harmful post in any way except maybe being a bit off topic. Maybe some moderator can move this to better place and then remove this whole topic after that?
I was thinking about the FIAT value of MAID (and all the altcoins that does not have FIAT/ALT trading pairs). Is it so that Blockfolio, Coinmarketcap etc. calculates the FIAT price of MAID from the BTC price of it? So every time the BTC drops in value against USD for example, it drops the price of MAID as well? If so, what happens then if BTC loses it dominant position to BCC or some other coin? How is the FIAT value of MAID calculated then? What if we don’t have any dominant cryptocurrency? What if we have a crypto/MAID trading pairs with a few cryptos that have FIAT pairings, how is the FIAT value of MAID calculated and how accurate it can be?