Weiss Ratings CEO Interview: Crypto Ratings are Needed to Cut Through Hype and FearWeiss Ratings, an investment rating agency, published their first list of cryptocurrency ratings in Jan. 2018. A little over a year later, CryptoSlate interviewed Dr. Martin Weiss, founder and chairman of Weiss Group, on the importance of a rating system for cryptocurrencies, as well as the future of payments, cryptocurrency adoption, and the challenges currently faced by the blockchain industry.
<...>
Safe Money Report and has authored two books about safely making profits from investments.
Importance of a Rating System for Cryptocurrencies
Dr. Weiss on the need for a rating system:
“Objective independent rating systems are sorely needed to empower individual and institutional investors to help cut through hype and fear —to identify the truly promising cryptocurrencies.”
<...>
In Dr. Weiss’s opinion, blockchain technology in comparison to the internet has greater disruptive and constructive potential. The CEO’s explained that blockchain technology could transform the global banking system, democratic voting systems, social networks, and legal systems, among others.
<...>
Crypto Industry Lacks Objective, Independent Research
When asked about the challenges being faced by the cryptocurrency industry, Dr. Weiss pointed to:
“The scarcity of independent research to help all stakeholders agree on basic facts, engage in healthy debates, and move toward common goals.”
Dr. Weiss also shared his views on the right approach to conducting mutually beneficial collaborative research in the cryptocurrency industry:
“[Cryptocurrency industry firms] can begin by encouraging awareness and education regarding conflicts of interest in the crypto industry.”
The CEO believes that businesses in the industry should avoid conflicts of interest by avoiding paid “research.” According to Weiss, this will allow for the free flow of objective information the industry needs to grow.
Read:
https://cryptoslate.com/weiss-ratings-ceo-interview-crypto-ratings-are-needed-to-cut-through-hype-and-fear/These Cryptocurrency Data Sites Aim to Be More Accurate Than Coinmarketcap: https://news.bitcoin.com/these-cryptocurrency-data-sites-aim-to-be-more-accurate-than-coinmarketcap/