The Weiss Ratings Scale (FAIL/FRAUD = F)
https://weisscryptocurrencyratings.com points out that investors should interpret the Weiss Cryptocurrency grade scale with these terms:
A = excellent
B = good
C = fair
D = weak
E = very weak
As a crypto enthusiast and follower I am giving their crypto rating system and F. The reason for this their rating system is highly subjective and in-comprehensive and incomplete. The biggest flaws of their crypto rating system are the below two:
Layer 2. Proprietary formulas that convert the data into comparable ratios.
Level 3. Proprietary sub-indexes that aggregate the ratios to measure key factors and features considered critical to the potential success or failure of investments in each cryptocurrency
Any time a proprietary system, formulae claims to assess and rate a new market ecosystem that is entirely built up from open source, peer reviewed, battle-tested security(Bitcoin hackproof for the last 9 years) system, formulae, code, mechanism whatever you want to name is sure to fail simply because we the general public are not given the exact access or look into their formulae that they use to determine the ratings which they proclaim is done to protect investors from risks.
My biggest question is if Weiss ratings is so effective in the Cryptocurrency world, why didn't their ranking of largest Banks in the world able to protect small investors from Banking risks in 2008/2009. How did they protect anyone from risks? To the contrary, Weiss ratings is a tool of the big Banks and large investors who are used to operate in the proprietary world where only select few know the exact details of their source code, their investment modelling framework and only elite few with hidden knowledge gets to take advantage of market economics leaving behind the general public who are left entirely unprotected.
Finally, none of the Weiss Cryptocurrency team has any history of having done blockchain programming or have participated in the actual usage of these crypto currency projects they claim to rate. What can you say about an ice-cream that you have never eaten yourself yet you get to rate it? We live in a strange Bankapocalyptic world where the old Banks, hedge fund players are trying to gain influence in the blockchain community. Should that be allowed?
Question is to you, hit back with replies, votes, up/down, and critiques, people!