Weiss Gets Digital Currency Ratings Horribly Wrong, Bitcoin Merely C+ Student

in crypto •  7 years ago 

Weiss Gets Digital Currency Ratings Horribly Wrong, Bitcoin Merely C+ Student

The supposedly independent Weiss Rating gave Bitcoin a C+ grade, while giving some virtually non-existent projects much higher ratings. Apparently vaporware is more valuable than actual code. #OP-ED

Read more: cointelegraph.com

Other hot crypto news today


Follow me @cryptonized for the latest cryptocurrency news...

crypto bitcoin news cryptocurrency newslink
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$15.61
  • Past Payouts $15.61
  • - Author $15.60
  • - Curators $0.02
9 votes
6
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    The Weiss ratings are actually not as negative as they sound! Weiss uses a different rating model than we're used to. I found this excerpt on their site:

    "Caveat 1. Do not misunderstand the Weiss Ratings scale. Other rating agencies use a scale from triple A to single C. In that scheme a B grade is “junk” and a C is close to failure. In contrast, Weiss Ratings’ B is “good” and C is “fair.” Based on a study of the Weiss Ratings by the U.S. Government Accountability Office, an institution is not categorized “vulnerable” unless its grade is D+ or lower."

    After reading this part it puts a whole different spin on the ratings. You can read more about how they came to these ratings over here.

    P.S. I was scrolling through the list of crypto authors, looking for new ones to add to my feed. I checked out your profile after reading this and saw you write about crypto too, so I added you to my follow list.

    I too write about crypto a lot. Perhaps you'd like to take a look at my profile as well and see if there's anything there that suits your fancy?

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      1 vote
      [-]
        ·  7 years ago 

      yes i think it should be atleast B+

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        [-]
          ·  7 years ago 

        Thanks for sharing this @cryptonized. I just did a post analysis the rate of growth of Steemit, which in my opinion is one of the factors that put STEEM in the top 5 of these ratings.

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00
          [-]
            ·  7 years ago 

          well information in bitcoin ..... thanks for shareing

          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

          • Disagreement on rewards
          • Fraud or plagiarism
          • Hate speech or trolling
          • Miscategorized content or spam

          Submit
          $0.00
            [-]
              ·  7 years ago 

            The traditional financial institutes just dont really understand the crypto space.

            Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

            • Disagreement on rewards
            • Fraud or plagiarism
            • Hate speech or trolling
            • Miscategorized content or spam

            Submit
            $0.00
              [-]
                ·  7 years ago 

              I am not a rating fan and I never tend to take them only on their face value. But bitcoin has some scaling issues with them and they need to solve it. I have hold bitcoin for long time and now diversified.

              Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

              • Disagreement on rewards
              • Fraud or plagiarism
              • Hate speech or trolling
              • Miscategorized content or spam

              Submit
              $0.00