[2019-04-01] Crypto Ratings are Needed to Cut Through Hype and Fear

[stmar]

Weiss Ratings CEO Interview: Crypto Ratings are Needed to Cut Through Hype and Fear

Weiss Ratings, an investment rating agency, published their first list of cryptocurrency ratings in Jan. 2018. A little over a year later, CryptoSlate interviewed Dr. Martin Weiss, founder and chairman of Weiss Group, on the importance of a rating system for cryptocurrencies, as well as the future of payments, cryptocurrency adoption, and the challenges currently faced by the blockchain industry.

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Safe Money Report and has authored two books about safely making profits from investments.

Importance of a Rating System for Cryptocurrencies
Dr. Weiss on the need for a rating system:

“Objective independent rating systems are sorely needed to empower individual and institutional investors to help cut through hype and fear —to identify the truly promising cryptocurrencies.”

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In Dr. Weiss’s opinion, blockchain technology in comparison to the internet has greater disruptive and constructive potential. The CEO’s explained that blockchain technology could transform the global banking system, democratic voting systems, social networks, and legal systems, among others.

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Crypto Industry Lacks Objective, Independent Research
When asked about the challenges being faced by the cryptocurrency industry, Dr. Weiss pointed to:

“The scarcity of independent research to help all stakeholders agree on basic facts, engage in healthy debates, and move toward common goals.”

Dr. Weiss also shared his views on the right approach to conducting mutually beneficial collaborative research in the cryptocurrency industry:

“[Cryptocurrency industry firms] can begin by encouraging awareness and education regarding conflicts of interest in the crypto industry.”

The CEO believes that businesses in the industry should avoid conflicts of interest by avoiding paid “research.” According to Weiss, this will allow for the free flow of objective information the industry needs to grow.


Read:
https://cryptoslate.com/weiss-ratings-ceo-interview-crypto-ratings-are-needed-to-cut-through-hype-and-fear/


These Cryptocurrency Data Sites Aim to Be More Accurate Than Coinmarketcap:
https://news.bitcoin.com/these-cryptocurrency-data-sites-aim-to-be-more-accurate-than-coinmarketcap/

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[gentlemand]

The two most reported crypto ratings are this lot's effort, and the Chinese government who regularly publish their beauty list.

They both put EOS equal or above Bitcoin. My amputated cyst is a more viable project than EOS.

Ergo we need crypto ratings to be rated to cut through the hype and far.

[Carlton Banks]

BREAKING NEWS: TAKE ADVICE FROM PEOPLE YOU TRUST

[DooMAD]

Shameless attention seeking from antiquated remnants of the past, desperate to remain relevant in a world swiftly leaving them behind.  We don't need them or their supposed "trusted expertise".

[gentlemand]

Shameless attention seeking from antiquated remnants of the past, desperate to remain relevant in a world swiftly leaving them behind.  We don't need them or their supposed "trusted expertise".

I think there could be a place for something that unemotionally analyses all this stuff. There's so goddamn much of it that most would love a reference to start with. However it's just the same as everything else. The people publishing it would be just as fallible and biased as anyone else. We need a hive mind type of deal.

[Carlton Banks]

We need a hive mind type of deal.

Incedible idea!

What we need is a network of computers all over the planet, and some kind of way to create independent little digital communities around which people form and voice their opinions. Then, we can choose who we think is good at figuring this stuff out by looking at the evidence, then checking that against opinions about the evidence! So terrible that something like that doesn't yet exist

[o_e_l_e_o]

Anyone who ranks EOS as number one on any list except "A list of the most overpriced trash" is either holding massive bags or is a moron. Last year, Weiss ratings rated Dogecoin higher in their "adoption" category than they rated BTC. They are owned by TheStreet.com and Jim Cramer, who brag about illegally manipulating the market, and have been charged by the SEC in the past.

In short, ignore this nonsense.