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Weiss Crypto Scores, a crypto as well as monetary scores firm, handled to split the crypto neighborhood on Twitter yet once more by stating that Cardano is “plainly” above EOS. While several were suggesting over the qualities of each job, a lot of concurred that the firm has actually shed every one of its trustworthiness.
Crypto ranking firm mixes the pot with yet an additional vibrant insurance claim
After the ICO boom of 2017 passed away out, the crypto area appeared prepared to take on even more major, research-driven tasks. Business dealing with enthusiastic tasks such as Cardano, EOS, as well as TRON started getting a great deal of grip, every one getting an exceptionally devoted adhering to.
With That Said, the competitors in between comparable tasks, or tasks seeking to resolve comparable troubles, started to climb. A deep schism was produced in the crypto neighborhood, every team a lot more figured out than the various other to combat for the success of the job it sustains.
In such an environment, any type of declarations straight contrasting 2 tasks are often mosting likely to create chaos within the crypto neighborhood, which is why most stay away from any type of debatable declarations. Weiss Crypto Scores, on the various other hand, doesn’t.
The rating company gas garnered quite a reputation for its inflammatory comments online. Just last week, the company went ahead with a very bold proposition, suggesting the XRP community should transfer to XLM, as Stellar had more of a “technological advantage” over Ripple’s platform.
Continuing to stir the pot, Weiss then tweeted another unsubstantiated claim, saying that Cardano was “vastly superior” to EOS.
Weiss followed up its assertion in a series of tweets starting with its observation that EOS has centralization problems.
1/4 Not only does #EOS have problems with centralization, but lately, the network has also been unable to process any transactions for anyone who does not have a substantial amount of EOS locked up and staked. This is a result of EOS trying to go with a feeless structure.
— Weiss Crypto Ratings (@WeissCrypto) November 14, 2019
Crypto community united over disdain towards Weiss
In a follow-up tweet, the firm shared more details backing up its claim. Namely, Weiss Crypto said that the reason Cardano was superior to EOS was that it had just completed the first snapshot and balance check of the network for the Shelley incentivized testnet.
The explanation, as many users pointed out, sounded more like an advertisement for Cardano than a well-thought-out argument.
As expected, the statement caused fairly a reaction on Twitter. Hundreds of users responded to the tweet and the reactions were mixed, to say the least. While some contested the assertion of Cardano’s superiority, saying EOS had a far bigger user base and potential, others were adamant in their defense of the yet-to-be-functional Cardano.
Good to see there’s an opportunity for fact-based, unbiased ratings and reviews in crypto, given the very clear absence of rigorous, unbiased ratings and reviews.
Seriously, this one tweet discredits your entire brand in an instant. pic.twitter.com/IsfpbAaWLg
— Rich Downing (@Rich_Downing) November 14, 2019
However, despite the vast differences in opinion, almost everyone seemed to agree on one thing—Weiss Ratings has lost the little credibility it had.
Leaving EOS and Cardano aside, there is an argument to be made here that a firm that provides “unbiased” ratings of stocks, ETFs, financial institutions, and cryptocurrencies ought to limit itself from making declarations like these.
Published In: Cardano, EOS, Altcoins, Innovation
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