Weiss Cryptocurrecy Ratings are out....

in #bitcoin7 years ago (edited)

First and foremost, this is the beginning of the end of cryptocurrencies being out of the mainstream. This rating system signals the larger institutions are getting ready to not only manipulate the price with greater force but also participate and make their own like Facebook and some others already plan to do. That means government is going to start regulating this space more heavily. Even though some of my favorite coins are not on this list, I can't help but laugh at some of these ratings. What makes it worse is there is no explanation given, not even a blurb as to how these grades came about.

I do agree with a C+ for Bitcoin although when lightning network is in full swing I think that grade should be an A, just because it's the granddaddy and the reason for every other coin's existence.

Bitshares a C+? Are you kidding me, the coin that can dwarf Visa in transactions per second? Should be B+

Cardano a B-?? The coin that has nothing to show for it but a nice academic paper and an extremely slow transaction time.
Should be a D.

EOS should be an A!

Ethereum should be a C- and not a B since it's bogged down by cryptokitties and even Charlie Lee called it a "hacker paradise."

Smartcash a C? Should be a B+

What are your thoughts? What are your favorite coins and why? Why do you agree or disagree with these grades? A lot of my favorite coins didn't make the list.... that's because they are a bit on the new side.. but will be making waves soon.

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
ADACardano0.634$3.28%-6.64%
BTCBitcoin11177.900$-0.01%-5.07%
EOSEOS14.044$6.01%29.57%
ETHEthereum1046.690$1.91%-1.53%
LTCLitecoin178.881$-0.15%-9.95%

Haha yeah some of their ratings made me laugh too but it’s great that cryptos are starting to be taken more seriously!

Not really, this just means more regulation and big business creating their own to dwarf cryptos that currently exist. Do you really think Facebook is going to use LTC? No way man, they will make their own FB Coin.... other big business will do the same... that threatens the majority of coins in existence right now... don't you think more users will use FB coin since they already have a massive amount of people already using the platform?

I bet you when Wall Street or some large banks come out with their cryptos this shitty rating system will give them all A+++

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