Ethereum has been rated as the top public blockchain by China’s Ministry of Industry and Information Technology, it has been revealed.
Reports in the local media indicate that the ratings have been provided by giving no explanation with some websites reporting that these numbers have been assigned out of thin air. While the numbers may be random, the ratings are not entirely wrong considering the most deserving blockchain technology – Ethereum – did manage to ace the list.
Steem’s technology is rated above ethereum in this bizarre land which has willingly shut off itself from the crypto world. That’s presumably because ethereum is just one dapp running on top of steem (other way around).
Bitcoin is the most innovative crypto, and not just by a little bit, but by a whole 10 random points. That thing is so innovative it takes 10 minutes to transfer from A to B, sometime within a day, sometime for the privilege of $70 in fees.
It was first though, so that makes it innovative because it was innovative so when compared to the rest it always stays innovative because these are not ratings.
Is that Verge? We’ve glanced at Komodo before because at one point they were quickly rising up the ranks, but more innovative than eth?
Alright, we know what’s happening. The civil service of China clearly has no clue whatever what any of this space is, its potential, or what the tech and its application is.
They probably thought this PR stunt would get them some PR and keep China in our pages from where it has been quickly dwindling, but what they’ve showed is an explanation as to why they decided to be the only nation on earth to ban crypto trading.
They have decided to do so because they obviously have no clue whatever, not one little bit of knowledge, regarding this technology.
Which is fine, everyone starts without knowledge, but they owe it to their citizens to do their homework and to educate themselves, then remove that great wall they have placed in front of our faces.
Not that their citizens really care. But they deserve much better from their administration, an administration that is so careless they even make it known they have no clue whatever about public blockchains.