Topic: | NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10 - page 134. (Read 241286 times)

Weiss Rating in depth explanation for NEO taking the highest Grade (Weiss Newsletter)
 by ma0za

https://www.reddit.com/r/CryptoCurrency/comments/827mea/weiss_rating_in_depth_explanation_for_neo_taking/

Dear Investor,
Some folks in the crypto world seem to love a fight, punching and counterpunching about each other's favorite coin. Our love is strictly for independence and objectivity.
Our ratings are not a beauty contest. They are based on meticulous analysis and a mathematical model that makes hundreds of thousands of calculations to fairly evaluate investment risk and reward ... as well as technology and adoption fundamentals across the entire universe of cryptos that we cover. So whether the agenda is to attack a particular grade or to defend it, isolating a single variable is a mistake.
Unlike Moody's, Standard & Poor's, Fitch and other firms, we never accept compensation of any kind from issuers. Our revenues are derived strictly from the sale of our research to individual consumers, investors and other end users. And unlike some investment research organizations, we have hired cryptocurrency analysts and consultants with deep experience in the industry.
With this preamble, let me respond to the latest controversy: our grade for NEO.
Bitcoin.com writes:
"Granting NEO an A confirms, in the eyes of critics, that Weiss — a company with no background in cryptocurrency — doesn't understand the industry it is judging. What sort of skewed ratings system places one of the world's most centralized cryptocurrencies leagues ahead of one of the most decentralized (bitcoin)?"
Why we give Bitcoin a C+ is the subject of our whitepaper published here one month ago. Why we give NEO a higher grade is the subject of our commentary today.
NEO's Weiss Rating Explained
NEO is a B+ right now, down a notch from an A- earlier. Is that a significant downgrade? No.
As we said from the outset in Weiss Cryptocurrency Ratings Explained, "The metrics used to evaluate cryptocurrencies can change more rapidly than those of other investments. Therefore, when using Weiss Cryptocurrency Ratings, investors should expect frequent upgrades and downgrades."
Moreover, an important component of our ratings is investment risk and reward, which is based mostly on price action. So, market swings can also cause upgrades and downgrades ... even if the underlying technology and fundamentals are unchanged. Relative to other coins, NEO's reward/risk metrics have been rising nicely for quite some time. Last week, they came back down somewhat.
We recognize this is not the kind of rating crypto industry leaders and developers were expecting. They wanted a rating that sticks strictly to the coin's technology and fundamentals, regardless of what happens in the markets. But our primary objective is to help investors make more money with less risk. And to validate our ratings, we've run them thorough regression analysis, demonstrating that they achieve that objective very well — something that would not have been possible with mostly static grades.
NEO Technology
NEO is already starting to do what Ethereum aims to do in the future. The founders' stated mission is to become the go-to blockchain platform for creating a "Smart Economy," including Initial Coin Offerings and applications that can range from supply-chain management or package tracking to games. Our ratings model has identified the following strengths that can support their mission:
Strength #1. NEO is powered by the dBFT (delegated Byzantine Fault Tolerance) consensus algorithm. This allows for about one thousand transactions per second, making it one of the fastest currently functional blockchains. In contrast, Ethereum is — for now, at least — too slow to be the go-to smart contract platform for the economy of the future.
Strength #2. The dBFT consensus algorithm allows NEO token holders to elect their block producers, called "bookkeepers." This aligns the interests of block producers with those of the community, introducing elements of on-chain governance to the network — a key to ensuring the future sustainability of the ecosystem.
Strength #3. NEO's focus on interoperability with side-chains and external blockchains is another plus.
Strength #4. The coin's compliance-driven structure allows individuals and organizations to store their digital identity (VID) on the blockchain. We believe this is a feature that all projects should have if they hope to integrate with existing economies, businesses and communities.
Simultaneously, our model has also identified some issues of potential concern:
Concern #1. The way NEO handles ID on the blockchain could potentially lead to censorship in the future. If a platform intends to remain censorship-resistant, the ID is something that needs to be handled with extreme care to protect user privacy.
Concern #2. Other blockchain projects in development boast technology that's more robust than NEO's. They have solid teams of developers and a roadmap to "take over" the space some years from now.
NEO Fundamentals
Projects with the best chance to succeed in the longer term are not strictly those with the best mousetrap. They are those that, in addition to good technology, can build a broad community around them. NEO scores well in this area because of several factors:
Although NEO doesn't enjoy the adoption of more-established projects like Bitcoin, Ethereum or Ripple, its adoption is on an upward path as it gains more recognition.
It has a dedicated developer community that focuses on building applications specifically for the NEO ecosystem.
NEO's popularity on social media also helps, potentially establishing NEO as a household name in the crypto space.
Our model also likes the fact that there's almost no correlation between price action and usage on the network. Unlike many other coins, where usage rises and falls with the ups and downs of speculative activity, NEO's relatively stable usage implies real-world, non-speculative adoption of its technology.
What About Centralization?
One of the big criticisms cited for NEO is centralization. Our model recognizes this issue. But it views most of the criticism as premature for four reasons:
First, because NEO is essentially still in alpha, and this is not unusual for a cryptocurrency. Even Bitcoin is arguably still in development. In fact, the latest Bitcoin Core version 0.16.0 was just released days ago.
Second, control by the founding team is also very common, especially among third- and even second-generation currencies. In fact, some would argue that, in the early stages, this kind of centralization can be a necessary evil. It allows the creators to fix bugs and test new features in a quick and easy manner.
Later, once a crypto is widely used, it can be more difficult. Just ask Bitcoin or Ethereum developers. Many of them say the process of upgrading their networks is like "trying to fix the engine on a car while it's speeding down the highway."
Third, NEO's consensus protocol is built from the ground up for decentralization. That shows its technology is capable of achieving that goal in the future.
Fourth, our model also measures NEO's centralization metrics in the real world. For example, it looks at who's actually running the nodes and how the network is reaching consensus. On these metrics, we don't think any cryptocurrency has yet achieved true decentralization, and that includes both newer cryptocurrencies such as NEO, EOS, Cardano and Stellar, as well older ones like Bitcoin, Ethereum or Ripple.
Our model punishes them for it. But at this stage in the industry's evolution, it does not grade a crypto expecting perfection. And the math demonstrates that NEO's centralization is more or less in line with that of other coins.
Multiple Factors
As I suggested at the outset, one single variable cannot be used to attack or defend any Weiss Cryptocurrency Rating. This is particularly true for NEO. It demonstrates a relatively good balance of mostly positive scores across the board: A technology that allows the platform to scale ... relatively strong usage metrics that go beyond mere speculation ... plus, I might add, trading patterns indicating it's a favorite of the investment community.
We believe 2018 could be a very interesting year for NEO. The longer Ethereum is unable to solve its scalability issues, the more new projects will look for alternative platforms.
NEO is open for business. It's ready to scale and support thousands of dApps. And it could indeed become one of the go-to platforms for the Smart Economy of the future.
Best wishes,
Juan

and check this videos:

https://www.youtube.com/watch?v=ednsMWsbbKA

https://www.youtube.com/watch?v=qjKOWqIxZho

https://www.youtube.com/watch?v=DxAguzN5OJQ&t=19s

worth read
DD & DYOR....for not to forget....

Cryptocurrency best practices

https://www.blockchaincenter.net/cryptocurrency-best-practices/?lang=en

^^^ 100% correct

The Dex exchange is going to increase utility of Neo nep5 tokens, gas, and grow Neo ecosystem.

Neo has been around for a few years now, plus they have some legit,promising ICO such as Thekey, Elastos, Trinity,etc... that going to help grow Neo ecosystem.

and i post this for same purpose
https://www.reddit.com/r/NEO/comments/8205f3/there_is_a_fud_attack_on_neo/

We could see NEO added on Coinbase...
https://www.youtube.com/watch?v=itkpzsTysu4

I read a twitter thread on Neo today that takes the position of Neo being a bad project to invest in.

I'm posting the thread here predominantly for my own keepsake as I tend to lose such threads later on. These threads serve as reminders which I revisit every once in a while. I learned quite a bit from the thread.

Seen at:https://steemit.com/neo/@pqbd/contrarian-fundamental-analysis-of-neo

Malcolm Lerider
Mar 5
Shoutout to take responsibility

https://medium.com/@MalcolmLerider/shoutout-to-take-responsibility-5717dc72367a

Response to last day’s tweets.

The system can handle nodes going down, as shown here: https://twitter.com/coz_official/status/970494691471798273
I call it an edge case because it requires a node being out of sync, going offline, then back online during consensus, and send ”change view” (because out of sync) when the consensus is already at a high iteration number (6 or more). Every time a view is changed, the view time is increased. This mean that there is an increasing delay in each iteration to be able to receive all consensus messages. What we experienced yesterday is a combination of 1. Delay is too long, 2. Consensus messages being forwarded with priority but not received with priority (queued behind other messages). These will be fixed in upcoming patch.

Even though delay occures, the consistency is and never was threatened. NEO’s consensus algorithm prioritize finality, so the worst thing that can happen is a block delay. Canesin and members of City of Zion + Red4Sec addressed these claims on both Twitter (https://twitter.com/canesin/status/970392581279535105?s=19) and Reddit (https://www.reddit.com/r/NEO/comments/81xzz5/dev_on_twitter_rips_into_neo_looking_for/dv68dda/).

Our development community is open and anyone sending me and/or CoZ Council a message will get a reply. My email is open to everyone ([email protected]), and I also answer on everything on our Discord (@lerider). We are very reachable and I feel it is a pity that some people make claims without even looking into the problem. It is one thing that ”crypto-fans” are making these claims; that is fully understandable. However, when so called ”industry leaders” are spreading claims like this, then we should take a timeout and consider if we really want to have these persons as ”industry leaders” and if they really are as knowledgable as they claim to be.

11 reasons i to think that NEO is an A investment. 11 fundamental points why i think like that:
1. its joung, so it still has potential to grow from 7.5B or 8B to XY B
2. the team is working hard to attract new icos, and doing better then Stelar or eos, who are pumped to the closest level to neo, and only few icos till now compared to x4-x8 on neo, and future is also brighter for neo, many more will be soon available.
3. for holding neo on wallet you earn gas
4. for neo to send to exchange, it takes less then minute ( from major top 5, i havent seen LTC, BTC, ETH or BCH to achive this),
5. NEO is atracting developers with competition https://neo.org/blog/details/3065
6. NEO has proven that in bad times, it does great then the other major, just look at January 2018 / february 2018
7. Airdrops to neo wallet without exposing private key and to spend 10-20 hours to get them
8. NEO has actually become corporation not just some BIT clone made from its fork like the BCH or LTC etc, pumped by some groups on twitter like roger or charlee (soory but that how i feel)
9. miners cant affect the price, NEO cant be pumped and dumped by miners, miners who are mining minable coins and then selling coins on exchange, cant do that, bcs its not mined
10. bcs the Market cap is still small compared to other majors, any new ICOS, might actually affect the price for neo much more then the ETH, bcs if you buy NEO to invest in new ICO, you affect price much more then with the ETH,
11. NEO with alchemint coin might step away from Tether Fud or real, and that will be done with NEX..
http://www.icobriefing.com/2018/03/05/ico-week-nex/

You are correct. NEO is much faster than Ethereum.

Just one of the many reasons that NEO is a superior product compared to Ethereum.

 

Are you meaning about neonexchange? By my opinion, it is going to be one of greatest projects on NEO, ICO will be in April.
Also there was another project: Aphelion (Decentralized P2P Exchange). But ICO was finished 2+ month ago. Who knows, maybe these exchanges will become second Binance 

Im holding NEO because they are suppose to be DEX. And 2018 is a year of DEX i think.
Otherwise is shady project, dunno any token that runs on it.

speed wise, transactions per second, I think Neo is faster than Ethereum.

Ether has the advantage of being the Ether, attracting lots of ICOs, while Neo is catching up, and Neo ecosystem is growing every day, creating smart contracts.

  There are many articles that summarize the "differences" between Ethereum and NEO, but they do not discuss disputes much. They look at things, do not investigate them well, examine only one aspect or are not integral in their analysis and do not explain why the differences even matter and what their significance is for the real world.
Is there anyone who knows the difference? If the NEO is so good, then why is the priority of the blockers on the Ethereum platform?

I admit that I'm investigating NEO in more detail than Ethereum. This is due to the fact that a lot of information is available for the Etherium. With NEO much less. So I focus on explaining NEO, and then compare this explanation with the capabilities of Ethereum.

   From a developer's point of view, functionality is the most important. There is still no loyalty to the brand. Therefore, if the platform can do something better than its competitors, it will win developers.
So which one is better?

Lots of info about Neo.