[Vlog] STEEM ranks 3rd in Weiss Rating, are you really surprised?
So today I talk about the recent pump in the price of Steem which comes in the wake of the financial rating agency, Weiss it a B- rating in it's first cryptocurrency Report.
Top 5
EOS (B)
ETH (B)
STEEM (B-)
NEO (B-)
ADA (B-)
Dark horse
I'm not surprised at Steem's lofty rating.
STEEM has
solid tech (3 second confirmations, zero fees)
scalability
has a great governance model
wide-scale use in terms of transactions on the network:
Yet it is all about the people
What I really like about STEEM is that it has a growing and diverse community/ network effect who are incentivised to provide value to the network in the best way they can. Literally ANYONE can get rewarded with freshly minted STEEM simply by posting content the community deems valuable. That can be anything from posting artist work to posting about a new app built.
STEEM places a premium on what I think it the most valuable commodity we have today. Our time and attention.
A note of caution
Who knows whether STEEM is undervalued or other cryptocurrencies are overvalued. Also Weiss, though reputable is just a ratings agencies and it is somewhat jumping on the bandwagon. It's in the business of making money out of issuing these ratings and with crypto changing so quickly you can be guaranteed that they will be issuing many more in the future.
Neither the less it is great to see STEEM get some shine. Also if you're unsure of the merits of STEEM you do not need to dip into your pocket to get involved. Just sign up and start contributing your thoughts, ideas, time and attention. That's the real beauty of the platform.
Great quote "people underestimate today's currency of today world: time and attention!"
Many forward thinkers robustly define the Attention economy & the Experience economy. Why? Because both are widely accepted to be the future.
Another quote from the video "anything site that can grab your time and attention is extremely valuable"
We have been conditioned to feel fine not getting paid to browse the internet while all the sites are making a living on our time and data.
Let's ask ourselves this question: what if someone starts using social media with steem, would they ever consider anything else?
thank you @nanzo-scoop
Well said @liotap! I'm begging to see the future (:
Look Steem is just the best way to get started in the whole crypto realm especially for people such as myself and other fellow plebs who are not too techi or who don't quite understand the whole picture but just the gist. It's great that regular folk can participate and actually make something and learn about crypto all at the same time.
Great post.
I think is a good news atleast
Nope, not surprised. I called it 5 days before the release:
The transaction speed and network capacity alone is a huge plus. Tech-wise it's a great product.
Those of us on here all the time know it's undervalued! My brave browser won't play the video for some reason so I guess I have to wait to get off work.. it is awesome to see Steem get some of the recognition it deserves. And even with it being a lower tier rating company who is jumping on the bandwagon. It still managed to give Steem a nice boost! It is also a bonus that you don't have to invest to come on and see what it's all about. Steem really has a lot going for it. Thanks for your thoughts, you are appreciated!
Yeah, I think if major outlets start doing the same thing we're going to be in a new world.
Apart from the steem blockchain doing considerably well which calls for celebration cus this is historical and speaks good for the Steemit platform, the above statement drew my attention.
Weiss in my opinion is an outdated, dinosauric agency that shouldn't even be taken seriously again. I'm not saying their ratings is bad or spells doom, but take their ratings and trade stupidly at ur own peril.
Thanks @nanzo-scoop for your vlog. I always certainly learn from it. So educative I must say.
continues with the steem celebration... 💃💃🕺🕺🕺🕺
The more press we get the better. There hasn't been much media attention on Steem, but once there is I think it's primed to explode.
I think that a large part of the success of steem is going to be contingent on the success of Steemit. This platform is a great concept but I certainly think that it still has a long way to go in terms of working out its imbalances moving forward making it a more level playing field for its content creators. This is a must if it's going to survive the test of time.
Yeah, branching out into other types of media will help too. More sites like Dtube.
hahahahaha Tony!!! This news are incredible haha btw in ur video it looks like at some points u want to laugh hysterically hahahah
"Steem is Steem" haha
No surprise STEEM GOING MOON!
I love steem however the Weiss report is a joke .
You can't compare steem with NEO and putting a scam coin like Quark at the same level like ETP just shows the poor understanding of the Weiss team
Yeah, I'm not sure if they just weighted past returns too highly or what, but they rated semi-complete projects as C along with total scam coins. Not sure what is behind these ratings. Either way, glad STEEM was up there!
Yup just like this: https://steemit.com/bitcoin/@investingtips/this-is-the-real-bubble-not-cryptocurrency
I'd like to be Neil Armstrong.
Yes, I am really surprised that STEEM was ranked so high.
Even if STEEM is a great idea, (almost?) no one can give a good explanation as to why there are three assets: steem, steem power, and steem dollars. Nor is the logic clear around converting from one asset to another. If someone who has been around in crypto for a long time still doesn't quite get it, how do you expect the rest of the world to? [And yes, I have read all the articles posted on this subject, and they are all convoluted.]
Do you really think that STEEM is a better investment than, lets say, Ripple, Stellar, and even Bitcoin Cash? I am not trying to say that STEEM is bad, only that the relative ranking makes no sense. I would place Augur and STEEM on an equal ranking.
There are plenty of simple explanations of Steem (liquid, can be transfered and traded at anytime), Steem Power (locked up Steem in return for influence on the platform) and Steem Dollar (1 SBD can be converted anytime for at least a dollars worth of Steem, offering certainty regarding it's minimum value).
"Better" investment, is completely subjective however by the metrics that Weiss are using I can see why it ranked higher. It a question each of us to decide whether Weiss ratings hold any weight or not.
Excellent Post. Steem will see new heights in the near future. I love how the Steemit community works together, contributing ideas not only in the crypto world, but various activities that people take part in.