Bitcoin Forum

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The second report on e-currency and blockchain projects in China has been released and this time EOS is in the first place, the second is Ethereum (ETH) and Bitcoin is only 17th out of 30. the currency is analyzed.
In the future, BITCOIN will be erased crown market Crypto?

Before answering your question, I would like to remind that this is make by Chinese Government, we are talking about china, if you know china has a very shady political system, they are the biggest enemies of decentralization and they are manipulators. by that I mean that China is doing this to manipulate people not to use bitcoin. this is for people to think that bitcoin is something outdated. think well: which is the objective of china being doing these rankings if they do not want crypto in your country? the purpose is simple, discredit bitcoin.


about your question the answer is also simple: bitcoin will always be on the top for many years and the reason behind is this: decentralization and its anonymous creator. this creates a sense of security in people

This list of coins are heavily influenced by the Chinese political system. Also EOS is a centralized coin similar to ripple, so the basic characteristics of a cryptocurrency is not present in EOS. For some people in this community, EOS doesn't qualify as a cryptocurrency.

Just to add that EOS can freeze your accounts anytime if they face any probe from any regulatory body. Read the news below which is just 4 days old incident.

https://cryptodisrupt.com/27-accounts-ordered-frozen-eos-without-due-process/

This list makes no sense!

how about  e-currency?
do the ranking of  e-currency can believe?
i do not it can believe all, in the ranking btc is the last!

LOL. It is obvious that chinese government bought some EOS and now they are shilling it. All governments are corrupt, but this is some other level  ;D ???

there are a couple of things you need to consider here.
1. as @Slowdeath said this list is created by Chinese Government! so you should already know it is worthless.
2. the factors it is using for ranking are misleading and somewhat wrong. Technology, Application, Innovation.

lets start with technology. these coins do not have a superior technology on bitcoin to give them higher rank! they are using the same exact technology as bitcoin so if anything the rates should all be equal. but better yet bitcoin should have the highest and since the rest are  copying it they should have lower rates.

Application: this rate is high because they consider ICOs as application (and a couple of other things which aren't that many). so when a coin has more of them they give it a high rank. but the problem is that none of them are really "application" they are merely the same copy paste code to create a useless token with a different name but not a different usage. most of them have the same team more or less behind them!

Innovation: this is the worst one in my opinion. most of these projects are copying each other or another project that is not on this list. a copy-project does NOT have any innovation. not to mention that it also contains ETC which is the fork of ETH and they have given it a rather high rate for innovation!!!

also the list must contain some sort of negative aspects too if you want to see all of it. for instance i would give XRP and EOS -100 points because they is centralized and they can take your money anytime they want.
i would give ETH -250 points because it is centralized, it has a huge blockchain which makes it impossible to run a node, it has a lot of bugs, it had an embarrassing  roll back, more importantly it is not immutable.
Stellar -100 because it is also centralized,
Monero -50 because of its huge blockchain and the fact that it is still not that easy to use.