Chinese Government Crypto Rankings.... I call BS

[stellarowl12]

Source:

https://twitter.com/statuses/996950431459823616

Ethereum I agree with but Bitcoin is super low... wtf?

Lisk, Komodo are super high in my opinion...

Also Verge which is constantly under 51% attack is in that list? That automatically makes it a joke in my mind!

 

[Adriaan Admin]

At least Verge is under Bitcoin lol. I believe the second attack on Verge had not occured yet at the time of this index publication, tobe fair. However, we don't know the metrics that have been used to come to this conclusion. It could make sense if they look at a project's latest achievements or activity for example and not take things that happened a year or longer ago into account. But still, we don't know the metrics that they used to come to these results, so hard to say if it is bs or not tbh. I also can't imagine this ranking and how it could be accounted for, seems a bit odd. So unless they give us insight in how they come to these numbers, it is better to ignore this publication because this way it doesn't add any value for anyone.

 

[stellarowl12]

At least Verge is under Bitcoin lol. I believe the second attack on Verge had not occured yet at the time of this index publication, tobe fair. However, we don't know the metrics that have been used to come to this conclusion. It could make sense if they look at a project's latest achievements or activity for example and not take things that happened a year or longer ago into account. But still, we don't know the metrics that they used to come to these results, so hard to say if it is bs or not tbh. I also can't imagine this ranking and how it could be accounted for, seems a bit odd. So unless they give us insight in how they come to these numbers, it is better to ignore this publication because this way it doesn't add any value for anyone.

Why is STEEM #2 overall? I really don't think that ranking is defensible. After all Steem is technically NOT a blockchain platform so if they want to dock Bitcoin for not being a platform (as of right now) then Steem should similarly be docked as well.

 

[Adriaan Admin]

Why is STEEM #2 overall? I really don't think that ranking is defensible. After all Steem is technically NOT a blockchain platform so if they want to dock Bitcoin for not being a platform (as of right now) then Steem should similarly be docked as well.

There is just too little information on the metrics that they have used to determine each separate valuation. But I do think that recent developments on any project earn more points than past performances. But once again, it will be a lot of speculation and therefore not very useful if we don't have enough info on their assessment process. Your video already gives a better idea and explanation, but not enough to fully understand how they have come to their conclusions.

 

[Laura561]

Why would a government entity take time to rank coins?

 

[Emma]

I also can't imagine this ranking and how it could be accounted for, seems a bit odd. So unless they give us insight in how they come to these numbers, it is better to ignore this publication because this way it doesn't add any value for anyone.