Quote from: Morphling on February 02, 2018, 02:06:48 PM

Quote from: dzonikg28 on February 02, 2018, 11:39:08 AM

Quote from: YGung on February 02, 2018, 04:41:14 AM

Quote from: AschPlatform on February 01, 2018, 09:19:06 AM

New Weiss Ratings for Cryptocurrencies Award No As, Score Bitcoin a C+, and XAS a C[2018/2/1]
https://medium.com/aschplatform/new-weiss-ratings-for-cryptocurrencies-award-no-a-s-score-bitcoin-a-c-and-xas-a-c-6eba89bab45f

I love Asch, but Weiss ratings are garbage. The article mentions Weiss having "impartial, and unbiased" advice but Weiss has already been outed for this NUMEROUS times:

https://www.reddit.com/r/CryptoCurrency/comments/7sown6/why_weiss_ratings_is_a_sham_and_complete_utter/?st=JCTKES2Z&sh=e6665fdc

http://query.nytimes.com/mem/archive/pdf?res=9803E7DB1F31E73BBC4F53DFB2668389669EDE

https://www.sec.gov/litigation/admin/2012/34-67940.pdf

The SEC has been on Weiss' ass several times already...those ratings are worthless, and even if they were good, they aren't the kind of ratings you would want to tout as a good look.

The general idea of producing ratings isn't bad, but I agree those are garbage. First, it is way too early to come up with any kind of reliable rating. Second, centralized rating agencies failed in the past big time and, hence, a decentralized rating agency might be a better solution. Then again, what is a decentralized rating agency? To me, that concept sounds very similar to the market itself driven by supply and demand. A centralized rating agency just puts an artificial price tag to an asset. Maybe prediction markets are the future rating agencies.

decentralized prediction is a direction to solve the rating problem, the main question now is that there isnt a prediction project that has launched an APP which has enough users to supply a big data, so the data may not true to show the rating

Right but did you get the point I was trying to make? I mean I could be wrong of course, but wouldn't a decentralized prediction market with n (participants) approaching N (population) be nothing else but the market itself?