Weiss Ratings, a U.S. independent rating agency, had announced that it will issue letter grades on cryptocurrencies, to be released Wednesday January 24. Beyond market leader bitcoin (BTC), the rating agency will also issue grades for ethereum (ETH), Ripple’s XRP, bitcoin cash (BCH), cardano (ADA), NEM (XEM), litecoin (LTC), stellar (XLM), EOS, IOTA, Dash, NEO, TRON, Monero (XMR), bitcoin gold (BTG) and many others.
I think some shit coins will receive good ratings and skyrocket 2000%
I think XLM, ADA and VEN will receive high ratings and gain needed momentum
Jack Ward
“Many cryptocurrencies are murky, overhyped and vulnerable to crashes. The market desperately needs the clarity that only robust, impartial ratings can provide,” said Weiss Ratings founder, Martin D. Weiss, PhD. “We’re proud to be the first to bring that benefit to investors — to help them cut through the hype and identify the few truly solid cryptocurrencies. Our ratings are based on hard data and objective analysis. But they’re bound to create controversy, including some grades that may come as a surprise to some people.”
Levi Hernandez
...
Juan Miller
PepeCash get's a 5 start rating like it did by the Japanese government.
Michael Butler
>Wednesday the 24th >literally 2 days before the next wave of futures reaches maturity GEE I WONDER WHAT THE GRADES WILL LOOK LIKE
Are the kikes even trying anymore?
Carter Myers
XRP will be the highest rated crypto. Screenshot this.
Michael Murphy
Agreed. No doubt. ETH wull be lower than people expect given the crypto kitty slowdown
Mason Cook
Monero will take a hit from compliance issues.
XLM should basically rate as well as XRP.
Oliver Edwards
I'm half-expecting BTC to get a mediocre grade. It will probably get a B, though.
Leo Baker
Will cryptocurrencies have a rating of their own and be rated against each other? Or will they be rated with the current system and compete with traditional investments?
Logan Perry
ETH : A- XRP : B BCH : B+ ADA : B NEM : B+ LTC : C- XLM : A EOL : B- IOTA : C DASH : D TRON : F XMR : C BTG : D BTC : B-
Matthew Nelson
They're using a new rating system created for cryptos. However, they'll receive A-F letter grades just like other investments.
Aiden Lee
> XRP : B Stopped reading.
Wyatt Moore
Platform based coins that are backed by usage in the platform will be graded better than bitcoin which is backed by literally nothing.
1 ETH gives you the right to use smart contracts, 1 BTC just lets you send transactions back and forth.
Jordan Adams
Cardano gets top 5. It would be number one if they acknowledge its still a few years until full finish
Luke Adams
Not only platforms, but what company and which people are behind each coin will directly affect the rating.
Dylan Richardson
This is turning out to be the biggest scam in history
Lincoln Smith
KEK XRP is literal S grade for SCAM.
Levi Anderson
Thats what I'm thinking. No way it can't be real, can it? Too obvious
Joshua Young
Back to /pol/ you go.
Eli Smith
>jews won't back fellow jews L O FUCKING GIGA-L
Adam Cooper
>>Platform based coins that are backed by usage in the platform whales are moving away from holding cash transaction cryptos some hold zero
Caleb Phillips
>tfw holding XMR and BCH There's absolutely no way these two don't get high ratings based on tech.
Evan Ward
The whole thing will be for determining which are stable enough for institutional hedge fund investments that will happening by Q3 of this year. The winning coins haven't even begun to take off yet.
All I know is XRP and XLM will be in the top for the tech and all sorts of reasons. The only thing thay worries me about XRP is how they will interpret a large portion being held by key individuals, even if there are selling restrictions.
Leo Butler
I think you misread. XRP is getting an A, not a B.
Kayden Morgan
Not a real Crypto.
Only survivors of this rating procesos are btc and eth, everything else is pure horseshit.
Wyatt Ortiz
They'll love it, since the company's board and leadership team is incestuous with banking and corporate elite. It's only a concern for low-level conspiratards that refuse to understand how the world works.
Andrew Sanchez
SeeXRP's tech is actually pretty shit. Centralized consensus just makes it faster and that is a massive disadvantage.
Cameron Torres
This is nothing more than a way for jews to shill the crypto they want people to buy and FUD the ones they don't.
Joseph Allen
Also, keep in mind that there is ALREADY a $100m hedge fund DENOMINATED in XRP being run by the founder of TechCrunch.
Dylan Smith
>I think btc will get a sub par rating and drop. Considering the banking jews have been positioning themslves to buy into BTC hard, this makes sense that they'll try to drive the price down further with their own jew FUD.
BTC has more actual "backing" than the paper IOUs the (((Federal Reserve))) controls, amusingly. At least crypto has the potential to go up in value.
Evan Richardson
This is not accurate
Eli Sanchez
It's amazing how many of you parrot this. You can't even explain what you mean by it. Unfortunate brainlet.
David Kelly
FEELS GOOD BEING A STELLIE RIGHT NOW
Brody Thomas
The protocol is not centralized at all, but you likely haven't read anything about it other than second-hand opinions.
Also, how retarded can you get? > "being faster is a disadvantage"
Mason Roberts
Youre going to be very shocked and dissappointed in a few days friend
Jose Bennett
youll see 4 dollars again and then back to 1 dollar
Evan Gutierrez
AirSwap will be one and get a perfect score.
Aaron Wood
Centralized consensus based on "trust" is the disadvantage, brainlet.
Evan Ward
That is an enormous advantage in the eyes of the banks and large corporations. They do not want Joe Jerkoff to be able to show up and have a say based on how many nodes he can run. What they want is selective control over who they trust, which is how their relationships already work and have worked for hundreds of years.
Blake Thomas
this
James Adams
>enormous advantage in the eyes of the banks and large corporations
Based off what? Banks are making their own private "blockchains". They've been playing with the stuff for years, they don't need Ripple Labs and they sure as fuck don't need XRP. Corporations are more attracted to crypto, like Overstock or Bitpay. Adoption got fucked by Blockstream Core, but it's coming back with BCH and quickly.
Angel Anderson
I've got 2000 DOGE coins.
I hope I'll make it.
Adam Murphy
Alright so consensus is not centralized, and its also not biased on trust. Want to take one more swing at justifying your ideological hate for XRP?
Kevin Howard
Kek, btc will get some shitty grades for sure, to help the wall street futures guys make more money, screencap this
Evan Bailey
If you don't understand who is behind Ripple Inc, then I can't help you. I don't give a shit if you miss out.
Cameron Fisher
IMO we will see ETH, BCH with good ratings, BTC with a bad one. Whay may happen TO XMR, LTC, NEO?
Jordan Cooper
Well, it means they are already priced in. This info is always sold to hedge funds before the street. Guess you know why BTC is crashing. Pajeets don't have enough money to hurt BTC.
Adrian Green
Oh, validators aren't selected? What is the proof algorithm that makes the network trustless and what kind of hardware do I need?
Luis Torres
XLM and Ripple will receive the highest grades, then immediately skyrocket.
Dont be suprised to see $4-5 usd RXP and $1-2 usd XLM by this coming weekend
Logan Cruz
You can run it on commodity hardware. I've got a rippled server running on a 10 year old Thinkpad.
Jackson White
I see no reason for XMR to have a poor rating. It's THE privacy coin and it's got so many things coming out in the next fork.
Ryan Jackson
Hey bud there is this thing that was written up about the tech behind XRP maybr you heard of it it's called a white paper
Isaiah Taylor
Really? How many transactions do you validate and what is the proof algo the network that makes it trustless?
Alexander Gonzalez
$5 XLM Ez
Evan Wood
XMR won't get a rating. Everyone has their heads in the sand about XMR, and if they do mention it, it's only as it being the new "Dark Web Money"
Andrew Miller
>what is being facetious
Those don't exist on XRP. It's trusted validators, shitlord.
Brandon Rivera
I'm running it as a hobbyist, and it isn't marked as a validator.
It does validate every transaction, but no one on the network uses it as a validation source.
If I wanted to, I could flip a single software switch to mark it as a validator, then publish it on the official list of validators. I have a friend who did this recently.
That doesn't mean anyone has to trust it. If I really wanted to get people to trust my node, I'd have to give them good reasons to do so, and convince them that I'm a trustworthy, known actor who can provide a stable node.
Ian Jenkins
I think the perception is beginning to change on that. People are starting to realize that having your net worth and transaction history available to everyone will get you stabbed by Taco Bell niggers.
Luis Sullivan
Also, the algorithm is a solution to the byzantine generals problem that looks for 80%+ of the network to agree on a given transaction.
Lincoln Smith
Interesting.
Is it safe to assume that once this news spreads it will kick the market back into gear as people speculate on premium alts that could get high grades?
John Gomez
There are only 55 validators and they're all selected on trust. You're friend is either lying to you or retarded. You can put your nodes up, but no one will trust you so your node doesnt do anything.
Sebastian Young
^absolutely
Anything that gets an A or B will skyrocket immediately
Jackson Martin
There's no proof in that. It's just selected validators who are pre selected.
Jordan Nelson
Trusted validators*
Austin Johnson
No, his node is listed. I've checked it myself. Those 55 validators are the ones that are part of the trust network that extends out from Ripple's own servers. There are many, many more validators being run, which are on anyone's trust list.
Anyway, this stuff is easy to read and learn about if you're actually interested. However, it's clear you only want to argue, and not understand. Reddit is more your speed.
Camden Parker
>his node is listed Link, I want to see how much validating he's doing.
Asher Cook
>So, what are your predictions? don't be fooled by jews sir
David Flores
>robust
Hudson Harris
2020 it'll go mainstream. Just keep acquiring silently.
Jeremiah Gomez
As I've said, every node validates all transactions. The only difference between a "regular" node and a "validator" node is that a variable representing whether the node should be considered a validator is set to 1 instead of 0. It's a way of saying to all other nodes: "Hey, you can use me as a validator"
This does not include ALL validators - only the ones that people have taken the trouble to register and have been accepted onto the list.
Jordan Bailey
XRP 5/5 stars! Fast transactions, banks love it, and it can be regulated unlike 1/5 star BTC!
Ripple is truly the future of crypto!
Brody Mitchell
FUCK OFF BOOMERS REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE JUST FUCKING DIE ALREADY. STOP TRYING TO RUIN EVERYTHING. FUCKING DIE DIE DIE DIE DIE AND LET US MAKE SOME FUCKING MONEY YOU CUNTS
Jose Baker
...
Adrian Hernandez
I just noticed another validator node on that list belonging to someone I've talked with on xrpchat.com
>During consensus, each node evaluates proposals from a specific set of peers, called chosen validators 6. Chosen validators represent a subset of the network which, when taken collectively, is "trusted" not to collude in an attempt to defraud the node evaluating the proposals. This definition of "trust" does not require that each individual chosen validator is trusted. Rather, validators are chosen based on the expectation they will not collude in a coordinated effort to falsify data relayed to the network
Your friend isn't validating dick, he is not in this "trusted" subset. XRP is not crypto, crypto is trustless.
Easton Myers
Again, you only want to argue and be "right" so there's no way to make you think.
For anyone else reading, his node is marked as a validator, and it's validating transactions. AFAIK, no one has him on their node's trust list.
Brandon Carter
I pulled that from Ripples own website, dude. If you're not a selected validators you're not actually enforcing consensus or validating actual transactions. All you're doing is relying to trusted validators.
Daniel Perry
>TRX making the list
Oliver Brown
And if you really want to understand and not just spout off about how Ripple is "not a real crypto" like a lobotomized parrot, you'll spend some time reading:
Which is exactly what I've been saying. It's not getting through to you because you already have your conclusion in mind. But, it does not matter to me. I am happy that a person like you has missed out.
Brandon Rodriguez
No, but XVG did.
Nows an excellent time to buy into Verge, u less their rating sucks, if not though, ^^^^^^^^^^^^^^^^^
Isaac Richardson
>doing all the legwork for a centralized network and not even receiving block rewards or even voting privileges Top cuck
Carson Diaz
XLM GOING UP
Tyler Lopez
You can lead a horse to water, but you can't make him drink. Herd animals like you are easy to manage. Give them a pat on the ego and a piece of candy now and then. Stay salty.
Lucas Allen
Just try not to lose your wife's sons college money on this PnD :^)
Oliver Butler
they profit if the price reaches the amount their contract predicts, regardless of whether it's higher or lower. it would be real nice if one of you useless cunts could explain whether it's possible to view these futures contracts, and how to do so. then we could pinpoint which contracts appear to be affiliated with wall street, and we can be the few who don't get savagely assraped by whatever is about to happen.
Cameron Wood
Like I said. Herd animal. Herd memes.
Jack Baker
So wpuld you fags well everything and put it into ripple
Eli Barnes
>he thinks this is the first time XRP has gained 1000s%
It always dumps hard every time it's done this. Keep hodling though #XRPthestandard :DDDDDD
Jordan Wood
Jesus this response is embarrassing. Everyone, please look at this post and recognize it has no place in the mind of an investor. This person is not an investor but a meme spouting millennial. Ignore anything said by them.
Josiah Jenkins
Fuck no.
XLM if anything.
Verge is getting ranked too. Its only at 0.10USD, so if that atts a A-B ranking, prepare to see it go 0.20-0.30 at least