Why Does China Mostly Rank Bitcoin Below Neo, EOS & Tron. What is the Criteria

samuraijin

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Quote from: nanaimogold on December 09, 2019, 11:59:37 AM

Popular cryptocurrency TRON (TRX) is in the news again, as the asset seems to be making good fortunes in China.

TRON’s chief executive and founder, Justin Sun, recently published a tweet showing a list of the recent rankings from China’s Global Blockchain Technology Assessment Index.

https://beincrypto.com/tron-ranks-third-in-chinas-latest-crypto-rankings/

so what's interesting? whether TRX goes to the moon, not even though they are more attractive in China than bitcoin, so even though they benefit in China because they are good at making attractive marketing and of course they also have a large investor network in the country, so nothing looks great this news, until whenever bitcoin will never be below them

naikturun

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Quote from: btc_angela on December 09, 2019, 06:18:31 PM

For me, this so called criteria is just crap, I mean they hated BTC because it's a decentralised coins and the government knows that it can be used as a tool to hide money from them. They don't like capital flight that's why they try to show their population that BTC is not a good investment or store of value.

Besides, they are all in for blockchain technologies, that's why they love all those smart contract like TRX or NEO. So I'm not surprised by the news.

so they support fully centralized coins, so besides bitcoin what else is decentralized because everyone has an owner, but we'll see if anyone makes new and competitive changes.

starblocks

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Bitcoin has been around a lot longer than these other networks and is considered a store of value or "digital gold" and this ranking evaluates projects based on the latest innovations and not how popular they are but even then these rankings don't reflect market value its purely from a forward thinking perspective

judeafante

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I wonder what will happen if Tron is not doing this marketing, he is really good at marketing his project, just last week we have seen 5,009 TRX giveaway pump engagement on social media, because his coin is not performing well in the CMC stats, it is popular in China because he knows how to market in China.

BoredAlchemist

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because Justin Sun etc and the rest are state controlled assets

TravelMug

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According to them the criteria are:

(1) technology
(2) application and innovation.

So it's pretty obvious that bitcoin won't really go on the top spot (as much as we wanted to).

While those altcoins mentioned on top have a lot of development happening from behind and being used by several banks. However, we all know that majority of them can be used as pump and dump so that is the downside.

btc_angela

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For me, this so called criteria is just crap, I mean they hated BTC because it's a decentralised coins and the government knows that it can be used as a tool to hide money from them. They don't like capital flight that's why they try to show their population that BTC is not a good investment or store of value.

Besides, they are all in for blockchain technologies, that's why they love all those smart contract like TRX or NEO. So I'm not surprised by the news.

shinratensei_

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That must be the smartcontract platform that was making those platforms placed above bitcoin and tokenization still become a trend in China.
Bitcoin will always be placed below those smartcontract platform caused by the tech is getting outdated compared with those new platforms which have been implementing the scalable blockchain to provide a very fast and cheap tx. i don't see another reason that can suit that caused by in outside of china bitcoin is still considered as the number one of crypto payment system that adopted by so many merchants.
But when it comes to the USA and bitcoin is in the number one position to be considered as a non-security coin.

Febo

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Quote from: nanaimogold on December 09, 2019, 11:59:37 AM

Why Does China Mostly Rank Bitcoin Below Neo, EOS & Tron. What is the Criteria

Tech. Those ranklists are made to favourite the in the coins. Coins you mention are more like asset platforms that were developed way latter then Bitcoin. None of them is payment coin like is Bitcoin. And none of them compete with CNY.

By far biggest use case of blockchain is money. It enables trustless and permissionless digital money. They fail to understand this fact. It is totally fine. They still have plenty of time to realise.

nanaimogold

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Popular cryptocurrency TRON (TRX) is in the news again, as the asset seems to be making good fortunes in China.

TRON’s chief executive and founder, Justin Sun, recently published a tweet showing a list of the recent rankings from China’s Global Blockchain Technology Assessment Index.

https://beincrypto.com/tron-ranks-third-in-chinas-latest-crypto-rankings/

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