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Originally Posted by Peter_Spaeth
I imagine there are tons of collectors who don't have any registry presence. Yes, a competitive advantage for PSA to be sure, but not insurmountable.
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A good friend of mine has a really great wrestling card collection and is working on high grade Wrestling All Stars sets and he isn't remotely worried about the registry. That said the scarcity of the cards can drive market behavior.
No one is taking on PSA unless they were to get shut down. In order to use another grader for the majority of your collection you want their grades to be the most coveted. It is too great of feat to get the market to switch.
New grading companies certainly would be welcomed because competition forces companies to get better but the landscape is very well defined.