<center>
![betamax-vs-vhs.jpg](https://cdn.steemitimages.com/DQmTEbw9jXyKQ82Bj4SKN3L36GmeFdzek3xKEWcM8gjat85/betamax-vs-vhs.jpg)
</center>

So the Center for Information and Industry Development (CCID)( https://news.bitcoin.com/china-rankings-37-crypto-projects/) in China released the 13th update of its crypto project rankings yesterday.

The ranking had Bitcoin outside the top ten, in eleventh place, with EOS top of the rankings. Steem was above Bitcoin, in 9th however down from 4th where it was [rated in May](https://news.bitcoin.com/china-releases-new-crypto-rankings/).

I'm really not a fan of the various ranking systems that are out there. Weiss Crypto Rating being another one.

In the case of CCID, looking at their criteria, it appears heavily weighted in favour of 'basic tech'. For me, this misses the point. Cryptocurrency and blockchain technology is more than basic technology.

The CCID appears to not take into account critical components of cryptocurrency, such as decentralisation and security. It completely ignore market sentiment and network effect.

If we learn anything from the history of technological battles, e.g Betmax vs VHS, [the winner is often the one that is 'just good enough'](https://www.youtube.com/watch?time_continue=4&v=ddYZITaxlTQ). It is very difficult to do a rating system based on that criterion!

👍 steve1122, moromaro, petrolinivideo, ghost2, nomadicsoul, shahabudin, nanzo-scoop, maksola, jois, lady-lovel, maxwel, anomaly, nomadnessie, mux, mumanduniversity, emonandels, arsenalfantv, aprillio, cryptojenn, himshweta, tsurmb, notdavemate, dadtv, raisul, kekoacoaching, dine77, osm0sis, meesterboom, revisesociology, sazbird, mummyimperfect, ak2020, emily-cook, exyle, mafeeva, chappers, horpey, fitat40, netaterra, ayubloaded, crypto-whiz, cryptouno, morahn, safetony, costanza, shanibeer, ezzy, markkujantunen, jaybird, kevinwong, sharpshot, byebyehamburgers, rea, tombstone, mrwang, arconite, nurhayati, redes, t-bot, stackin, belaviel, waybeyondpadthai, cryptoctopus, tanvirsadatripon, onartbali, b00m, adetorrent, dailygiveaway, smartcash, openledgerio, abcbullion, perthmint, unimelb, smartbot, espoem, redpill, kingyus, smartgeek, terz17, zacherybinx, blackmagic, fujiwara, tradeownsystems, wuzupin, steemwija, bibekstha75, e-gaucho, senseibabs, thedrewshow, tijani, chemistry0, admiralsp, victoryudofia, juanersatzman, sanyjaya, bazooka, greenpower, snowgoat, steemanator, pyrslx, dysc0rd, hellosusu, mart101, gardeningabc, bridgetdaniels, mdtipo, abbykane, awolesigideon, spark92, andisantos, argentoescribe, monoindustrias, ohmylove, mariaputri17, eddieboo, gilnambatac, kvngcreamy, creatisa, kamilala125, pelephotography, darltasie, carol1990, binarycounter, h0rn3t, estherekanem, rjrudillas14, responsive, ihsan19, hanjo42, goga, nomad0712, mseuno, bleyker, rizalmahrez, collennes, normbond, esaia.mystic, pareshnakar, pauloliverpino, widiaendah, waku, babaj, squares, loydjayme25, mikeblize, hoobeehey, shawnycx, jopjk, jims, lovlu2, animecollection, herfie, makrotheblack, markmorbidity, harkushi, goalgetter, smanuels, layanmarissa, strings, ttinytony1989, indrajeet, edinsoo, metalhero, rheyss08, julianalpanta, richmanoloriegbe, jacintoelbarouki, nickiechua, faisal08, zay-arasi, jacobkaled, parag, zerin.tahmid, chullbull, barut, sylinda, zombieslayer, toyosiartdiy, leviathan101, oguylmz, donjyde, dexter24, wirdayulahya, hendragunawan, zakaria14, dyancuex, riteshstark, mhel, budifatria, pipo092281, kimaben, zohaib715, humaira, saharia, caesar2341, ariffashraff, oduduokopide, sexygirl123, basir92, arkkart, fai.zul, atjehsteemit, beni96, galione, azharmaulana, crispycoinboys, charlotteroze, mdeyasin, pedrovillegas96, suerisue, safril21, hillaryaa, owaishassankhan, sheldrick5, kingsman2, evegorilla, mahmuliadi, monwalker, alftheboss, adriamguillen, busytime, cryptomint, steemaniax, mrjokar, belvajarandilla, animesukidesu, missninaholy, anime.lovers, dinaislamdina, othniel, oscardavid, sayed53, studytext, enjoyy, animad, rionpistorius, ryl, hmctrasher, lovetouch, lilkufalli, bushu, makney, bravofer, rechellomataro, deep.blue, musicbot, dashfit, bobtucks, rojinstha13, handfree42, ilovekrys, patricklancaster, rayday, frozia, mohamedsabry, opluke, mirazbd365, oliens, zephyr119, devitech, connecteconomy, molamola, used-lessboy, victoriakorol, ablaire, gustanak, glorimar, asqalan, omairqazi, gabrielperez0411, ayoade96, estg1, mbahtutorial, kaestel, samantha16, kejora05, catherinemds, albarransama, mayorhero, jaber-hossain70, mittalamit284, vellotinna, jiujitsu, sukro, brandongiesing, erikkun28, masud222, cryptospreads, maryjohnson, bdshakib, muammarnst, occpresents, candnbradley, gnaimul, gpwebers, morin89, alejandro99, broadcaster, qaiserali, cryptophunk, bhim, noyon696, sijobe, brusd, heajin, saifannur-mzy, vlogger56, the-doubled, virgo27, gleidyscegarra, ryan12, techsfair, the-tourist, mukulcclbd, izzymiyake, sonidourbanobers, omegakane, bathijp, leyla5, salahudeen, cheesom, new.diak, har5h, harris2017, darlingomaet, jayo, haikalisifa, erenai, bgmuna, yoitsme, rishi-sayz, rizkiadi, ernoldlvb, kaplat, joanpablo, gracelbm, the2nubgroup, wave.beads, jumpup, pharao20, babalsilau, lexcreativz, gps7530, bloodless, olayemzeecool, derekvonzarovich, gotgame, mhm-philippines, hasan086, thedolphin, godlovermel25, sampath94, mylittlestar, chachikho123, agrestic, kelvo, realredimi2, ill-esha, nahin9, emeliveiga, johnsonlai, effortless, theminnowhelper, syahrin, vhorvath, techupdate, victor-andah, rarcenal, dexvid, chrome.citizen, kristine, jgpro, pvtrickheaton, itchyfeetdonica, bitcoin.news, terrenox1, beladro, ehtishamjadoon, paulove, sazid36, akram7, ajaxkennes, kengtong, chiqui03, supernews, marzuki-r, juliocaraballo, grisvian, the2nubmemes, mojacko, mafou23, galihtruff, mzh.hamim, cringytv, whyken, oezixxx, that.bass.guy, nicole24, moksamol, lotfiuser, bitcoinbaba, patriciareyes, hoothoot, camillius, princefizzy, fr4mer, devangbuch, norvicgarcia, travelerjoe, altogo, leeyen23, kataindah, aikee, marcuz, starhamzat, loveisgood, drfrankensence, toninoti, allenblue405, boyaceh, mvoalevine, polash66129, ziaaa, pinkyangel, earnstech, hrtstrings, cryptobl4ck, rishadhaque, patriciangela, shippou95, josediccus, joendegz, hrovat66, advsamadhan, mkmk, rodoli2010, breezieblack, ldanielgmz, maribelanzola, riandifc, blogyourlife, dynet, muhammad.iqbal, steemitlancer, madonna2018, steemitgunner, johntravis, myoha7, alexander38, mayib, prosistem, golden-man, niknik20, aleecnavarro, badman-crypto, ipally, szokerobert, jetto, sohailahmed, haggislove, tailslide, maritagirl, sn0w-fox, benjaspa, sonofgod87, jaicyjarc, dedesuryani, neilrichmond, miralva, budika, hakan1988, steemitarcher, firman2908, amristeemit, lenifty, princezico, ashfaaaq, vtechifie, mechyz12, bertoandes, helmimemes, steemitbamboo, altcoingamer, invictusxl, msageer, evolutionnow, samdman, dbddv01, akumar, creatrixity, pboss123, yarinergonzalez, gifty-e, rubengamer2010, lianbloog, thanatospharos, steemitmagician, gabriela2010, xhevat, ar6467784, huncey, pasokon, andylsyahputra, bradondamyx12345, dayosoyinka, withbristy, jackbawa, sakil99, getrichordie, oudekaas, kike313, arrahman90, capt.kili, rextylerblunt, nessaur, smer, tekeliferhat, geekmind, atacapella, fauzan11, halim08, celebritypoet, mahmudulhassan, vicmic, arianto71, kcdca96, carlosjaviertl, seventhsun, cynicalcake, rockinggameworld, time.toeat, radioboots, stevescriber, hoboway, pes7md, geeadams, haji, mirza-kun, chunnorris, dxdei, ghostiee, tomatom, gaozben, ocn, christianunger, cryptogeee, rikilb, kutrulaju, k4v2n, achrafo, dubbio, putra01, dulce.amor, sagor94, osakuni, albertotang, adebits, joshglen, ljpaez, jarendesta, ckbahdon, macmaniac77, kimchi-king, abrahman5, esl, andrewclk, lokiamfire, kulin12, e-troubled, agusriandi, spycenter, alexverge, vinothkanna, alexander28hrnz, crypt0bear, rainbowrachel, magdechef, walexworld, betoviiil, ak477, raymondspeaks, sureshnsnet, mustika, poodai, engineeringfeed, michaelangello, turkolog, dolphinscute, deveshsinghtomar, tranghuyen, mahendran7418, i-have-tested, ilmondoditea, egheprincez, riyadhie, milayosawa, atheology, honshu, miracle24, mindbuilder-sc, jpgalih, johngoad, jumpnrun, lemareg, samsonite18654, foley, anarcist69, pipks, marshall117, jhanmervz, dpalash124, dioscelle, lesshorrible, betesda, yadah04, rulilesmana, martinasari, morph3us, technotroll, samcofy, genesis171, veteransoffgrid, collinstochukwu, sadnesscarl, brett-barth, psygambler, truconspiracy, tomcruse, alcy, fidel66, efepng, will12, cryptosludge, fjoddel, vygimau5, aaquilk10, sjs90, muhibpaya2, umut1905, banglun, lenky, juny21c, wallacecarranza, cjunros, khan45, bdyabot1, juanguillen, payinstant, ilovecryptopl, momimalhi, digital-aster, ajamsport, fanstaf, azisjesika, prazxs, mrogy1, daglo99, voltagrou, kennytu, reynoriega, crazyluv, abbasi1986, justasperm, sutda, carolinafer, thedoubleace123, brazilijus, click3rs, profnuhu, alexanderrigov, yusifm, thabiggdogg, adalhelm, schniggschnagg, jhesus, conscmovement, lauchmelder, smarmy, holograma, hawaj, gio.vanne, flexcougar, hiroyukikomiya, freedomcoin, prateeshp, yahman, lwih.eiei, superstar65, klaratoth, payger, jaebirds, thienduc, claudiandrade, partyheld, japasep16, annnaa, reboost, taxguy-random, walisongo, badpupper, bryner, daj, businessman12, smartcreator, brutledge, maticpecovnik, ervinneb, taxguy, siul.joar, alchemylgc, b1b4rg7, stealthtrader, treaphort, jakesdewet, priybrata, talli-art, lifekeys, uhamm, marivic10, marzukie, mladenpaunovic, goldenturtle, mingolete12, twoitguys, paulao17, bhargavivkothari, pritidkurani, sepin, pipbypip, eveson, thecontractmaker, goldkeys, zaicha, jingis07, peeyush, minerspost, eurodale, fayamba, ikkelins, toroo, criptomoneta, jazzyon, kwabena1995, kwabeedat, cryptek, fredrick4u, rosemary4u, viettchinhkt, tissuesurgeon, lalouline, dacosta, caxton, dandan2013, photosdaily, funstuff, stunninggirls, romeaiden03, giddensk7, rucy, wisbeech, cryptononymous, m8rixjonez, jjohnson78, sorawth, steeming-ali, zerotoone, bambukah, ganastha, haseebkhan13, cyprianj, akane92, letsplaywhatelse, fortunedice, plgonzalezrx8, ahsanabdullah, elius2289, gonen, rafagonzalez, hijosdelhombre, blueorgy, stevenh512, techslut, thecreatorx, flash4yard, outtheshellvlog, thachsanh, huyencrypto, beckenbauer, mickyscofield, didic, oropeso, coolxxx, pvinny69, cryptofunk, kenjiby, brian-rhodes, friesennerz, poetarojo, fabiocola, icoshooter, wilkynson, team-leibniz, luthor, coingump, teknoteksogutma, mammasitta, xanadu, yazannew, maaz23, bernardalejandro, mirna98, ihal0001, donnyandrian, theviberadioshow, darkstar1o9, mehmood786, steinz, danielakreher, mypride, cerentryn, dgiors, chris4210, guibe80, thelindvall, kyriacos, melvinbonner, bitstreamgains, trockenesemmel, joski, kingofdew, lifetoday, sachiewerk, fyrstikken, peak.endrule, motivatorjoshua, buti95, zeshanjaved, mrgranville, dixiesilverminer, kevinwalton, kauslevi, daniel.dalo, jayfamous, cryptobeginner, dacruz.thevibe, peaceandwar, kph, wayoutwest, bflanagin, gdwcoins, yestermorrow, cryptogee, mcsamm, ashleykalila, newscrypto, annemariemay, thecrytotrader, feye, jidgabol, erikaharris, kettleandseagull, odibezeking, silasvogt, yooerlyn, fruitarianism, mujiarreza, wealth4good, hatuvera, g-dubs, vodonik, jayna, ashokcan143, paulmoon410, jerryhawk, bcfriday, thomaskatan, jazzyjeff, bluedragon1974, kr7753191, raul567, steem.love, famunger, yandakuala, tarekadam, sirjaxxy, gio6, iswanisamion, dks100, mendezand, rival, benleemusic, steemdragon, carloseduardogil, abreu, herdi.steemit, happychild, zenc, neexal, novabluegoji, pushpo, magatha, benkweller, rosenderevies, masaitv, eric-boucher, ace69, anarcho-andrei, crypto4euro, trustyourpath, wishmaiden, sanderdieryck, steemassistant, greenvago, mariogiancini, foxesal, purelove, bargolis, carolynseymour, goodway, mrultracheese, reungkhoem, steemstudy, gauttam, carloniere, altcoinfantasy, malicered, matiasmenarguez, chrispy99, isaganicabrales, aljoursantillan, kaking, modernmclaire, nwjordan, antigenx, fullabeans, choku, khairulfahmi92, lartist-zen, barutundefteri, adamdo, jarosalawszafran, geezyweezy, tysir, laura97, grandpere, mirhimayun, baladod, viralfever, nanwaiwaimyint, untaljames, mdsaifultop, xanderslee, egotheist, leslierevales, freshenstine, tdogvoid, mchandra, bitmycoin, jahidul74, bumut, syawalkoki, mathilda, nazmul79, mwamin7, femidada, ronasoliva, yun093, flatman, krazypoet, marehalm, snowstorm231, deeprabbithole, iminzilion, aweber, damajicman3, sunshinebear, hobish, everydaybitcoin, jacobzeema, luminaryhmo, viralz, femseen, revueh, chinwengozi, paulthebeloved, sudutpandang, ericvancewalton, raj808, gikitiki, stevelivingston, ashtv, winstonalden, builderofcastles, mrakodrap, brianphobos, shortsegments, egon80, themonetaryfew, kgakakillerg, tonytrillions,