NEW WEISS CRYPTOCURRENCY RATINGS, why BITCOIN got a C+
bitcoin·@applelex·
0.000 HBDNEW WEISS CRYPTOCURRENCY RATINGS, why BITCOIN got a C+
Despite Bitcoins strong adoption, brand, and security, it does deserve to have an A but the Weis rating system is based on Fundamental Index. For example here are some of the reasons why Bitcoin scored low to a C+: Bitcoin falls short in two important areas: 1. The Risk Index reflects extreme price volatility. In a years time Bitcoin's price went from $1,000 +/- to $20,000 +/-. As of now bitcoins price is about $11,500 +/- 2. The Technology Index reflects Bitcoin’s weaknesses in governance, energy consumption and scalability. Most of the biggest mining farms are located in china which makes it less decentralized. Since this is a new rating service there is room to implement improvements & in the future, an upgrade for Bitcoin is most likely. I'm bullish with bitcoin's platform because once they fix the ridiculous transactions fees and scalability bitcoin will have huge improvements. https://weisscryptocurrencyratings.com/ 