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RE: [Vlog] STEEM ranks 3rd in Weiss Rating, are you really surprised?
Yes, I am really surprised that STEEM was ranked so high.
Even if STEEM is a great idea, (almost?) no one can give a good explanation as to why there are three assets: steem, steem power, and steem dollars. Nor is the logic clear around converting from one asset to another. If someone who has been around in crypto for a long time still doesn't quite get it, how do you expect the rest of the world to? [And yes, I have read all the articles posted on this subject, and they are all convoluted.]
Do you really think that STEEM is a better investment than, lets say, Ripple, Stellar, and even Bitcoin Cash? I am not trying to say that STEEM is bad, only that the relative ranking makes no sense. I would place Augur and STEEM on an equal ranking.
There are plenty of simple explanations of Steem (liquid, can be transfered and traded at anytime), Steem Power (locked up Steem in return for influence on the platform) and Steem Dollar (1 SBD can be converted anytime for at least a dollars worth of Steem, offering certainty regarding it's minimum value).
"Better" investment, is completely subjective however by the metrics that Weiss are using I can see why it ranked higher. It a question each of us to decide whether Weiss ratings hold any weight or not.