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

[cryptonized]

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}

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_{Follow me @cryptonized for the latest cryptocurrency news...}

Comments

[pandorasbox]

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?

[sams-khan]

yes i think it should be atleast B+

[lukebrn]

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.

[rubeldas]

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

[mesang]

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

[mortyc137]

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.