Post
Topic
Board Beginners & Help
Merits 5 from 2 users
Re: FCAS - Metric to assess the fundamental health of crypto projects
by
o_e_l_e_o
on 01/09/2019, 13:01:45 UTC
⭐ Merited by suchmoon (4) ,hugeblack (1)
You can check all the FCAS Rankings from here - https://app.flipsidecrypto.com/fcas-scores
These ratings are trash.

EOS is number 3!? Don't make me laugh. EOS is the opposite of a good cryptocurrency. There are 21 "block producers" who hold complete control over the EOS blockchain. They can freeze your addresses, reverse your transactions, even seize your coins, and there is nothing you can do about it. They print thousands of EOS out of thin air to "reward" themselves around ~$10,000 each per day for the privilege of having complete control over your coins. It is centralized, inflationary, worse-than-fiat, trash. Rating it higher than bitcoin suggests whoever decided on these ratings has a very limited understanding of crypto in general.

Cardano is number 4. Does Cardano even have a working product yet? It's vaporware.

TRON, the plagiarized scamfest led by a money laundering liar, built upon fake announcements and with no use case, is in the top 10. The same statement could pretty much be made about BCH.

Honestly, if they put Nano in the top 10 as well, this would pretty much be ordered by "what is shilled the hardest on reddit". It's almost like when Coinbase listed a bunch of trash altcoins, and it turned out the person behind the move was holding massive bags of said coins. I'll be firmly ignoring these "ratings".