Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Even the Weiss rating bullshit from today kind of demonstrates that either smart people do not understand bitcoin or they are purposefully engaging in misleading behavior...
How the fuck do they give Ethereum a B and bitcoin a C+ and Dogecoin a C... Makes little sense, except that they are making shit up, and in the end, the fact that some of us can see through the bullshit, we are going to continue to invest in bitcoin and we will profit from such ongoing better than others insight. In other words, some folks are going to get mislead by the bullshit that ended up coming out of the supposedly objective and professional Weiss rating system.
Calling this little piss ant ratings corporation smart people is beneath you JJG. Market makers and big money sent way more qualified(and discrete) individuals out to check out bitcoin long ago. Any claim by these people is suspect imo. I mean for crying out loud these are the same pond scum that caused the recession. While not exact its of the same tainted lineage. How the fuck do they give Ethereum a B and bitcoin a C+ and Dogecoin a C... Makes little sense, except that they are making shit up, and in the end, the fact that some of us can see through the bullshit, we are going to continue to invest in bitcoin and we will profit from such ongoing better than others insight. In other words, some folks are going to get mislead by the bullshit that ended up coming out of the supposedly objective and professional Weiss rating system.
https://en.wikipedia.org/wiki/Credit_rating_agencies_and_the_subprime_crisis
The fact of the matter that bitcoin is getting a grade at all..let alone a C+ is absolutely amazing as far as I am concerned. I mean..think about it..this is the coin associated with mtGox..SR...numerous hacks ect ect.
What do you know about this "piss ant ratings corporation"? Nothing, I would judge from your comments. Say what you want, but Weiss and his father were pretty much the only honest ratings company to pick apart bank financials for years and years. To top it off, you link to a wikipedia posting that has nothing to do with Weiss Ratings and instead focuses on the big-boy, for profit and ongoing business relationships, rating agencies, i.e., S&P, Fitch, Moody's.
If you want take shots at Weiss, quote from their analysis and point out why you think they are dead wrong. Weiss ratings did not 'cause the recession' and they are definitely not part of the "tainted lineage" of ratings agencies that you refer to.
Even if Toxic was a bit wrong about the scope of his criticism of Weiss and his use of inadequate supporting materials, he still makes a valid point that it should be pretty fucking clear that Weiss don't know shit about what makes blockchain valuable based on their ratings of B to Ethereum, C+ to Bitcoin and C to Dogecoin. Evidence enough.
