THELOGICALINDIAN - On Friday crypto analytics armpit Messari and abstracts analyst Zack Voell aggregate a arguable blueprint alleged Bitcoin Cash against Lightning which claims to affectation a allegory of action for both networks Voell arguable that the Lightning Network was growing at a faster amount than the ascent band-aid BCH has to action The way the blueprint was portrayed and the accounting appraisal was advancing to say the atomic and crypto supporters accused the Messari analyst of actuality biased and blooming acrimonious abstracts
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Messari Analyst Accused of Cherry Picking Data
Zack Voell, a abstracts analyst from Messari, stands accused of bearing biased actual for the website that claims to “promote accuracy and smarter controlling in the cryptoasset community.” On Sep. 6, Voell tweeted a blueprint that claimed to appearance the allusive advance and use of BCH against the Lightning Network. A quick glimpse at the blueprint aggregate by Voell makes it attending like the Lightning Network has apparent exponential advance while the BCH ancillary is dreary. According to the author, “[BCH] transaction count, traded volume, allotment (denominated in Bitcoin), and alive addresses all fell by double-digit percentages back September 2018.”
Following Voell’s tweet, alive beck host Collin Enstad laughed at the Messari analyst’s blueprint and asked: “Did you aloof blooming aces a accent analysis day from a year ago and again affirmation the transaction calculation is bottomward over 90% — 12 months later?” During the aboriginal anniversary of September 2018, BCH participants had multiple accent tests and the arrangement saw millions of transactions per day on a few occasions that week. In fact, abounding BCH supporters accept the September accent tests accepted that Bitcoin can scale, back miners candy 2.4 actor affairs in one day and fees remained at $0.003-0.001 per transaction.
In acknowledgment to Voell’s cheep and chart, the researcher from Ryan Research, Peter Ryan, asked the Messari analyst why he didn’t use year-to-date (YTD). Ryan added explained that attractive at the allusive advance and use of Bitcoin Cash against Lightning is bigger with YTD metrics. “YTD of allusive arrangement action seems to appearance one ascent band-aid growing decidedly faster than the other. (Obviously, the allegory is imperfect, but these abstracts are still telling),” Ryan’s cheep said. Following the altercation on Twitter, news.Bitcoin.com batten with Peter Ryan about Voell’s appraisal of both networks.
A Discussion With Researcher Peter Ryan
News.Bitcoin.com (BC): What do you anticipate about the contempo blueprint Zack Voell from Messari aggregate yesterday?
Peter Ryan (PR): While it appeared to use accurate data, the allegory was arguable in a few ways.
One, BCH and the Lightning Network (LN) are two altered technologies with altered metrics. This is a archetypal apples to oranges fallacy. For instance, there’s no way to admeasurement the transaction calculation on the LN and no agnate of “node capacity” on BCH.
Two, the best of abstracts was biased. It showed 12 months aback to a accent assay on the BCH arrangement which could alter how one could appearance growth. This is why best assay comes out annual or account because it provides an cold best of dates rather than one that is arbitrary.
BC: Why do you anticipate addition from a startup that’s declared to allotment aloof abstracts apropos crypto networks and markets would allotment article like that?
I’m abiding he would acrylic it as “just advertisement the data,” but this is acutely a low-brow attack to absolve the brittle ascent anecdotal about the Lightning Network.
BC: Do you anticipate the blueprint and address reflected ailing on Messari?
PR: Yes. It’s a abashment that their accoutrement for bigger abstracts assay get overshadowed by their team’s again demonstrations of bias. It’s accessible that this bent could taint their quantitative reporting, although that hopefully seems unlikely. I’m added anxious about them leveraging the cast of an cold abstracts provider to accomplish adulterated punditry.
BC: You afresh aggregate a blueprint of your own from Ryan Research can you acquaint us about the abstracts stemming from this?
PR: It was added a distraction than a chart. I was affronted with the conjuration of duke by Zack, so I bifold the exact aforementioned blueprint as his but afflicted alone one parameter: the date.
My blueprint compared YTD instead of his 12-month adaptation and showed a altered picture. Bitcoin Cash absolutely performed bigger than Lightning. For instance, BCH’s affairs grew 691% compared to abundant lower advance abstracts from Lightning.
BC: Can you acquaint our readers a little about Ryan Research and how you got into researching cryptocurrency data?
PR: Ryan Research is a close focused on allegory circuitous capacity and communicating bright explanations.
Whether through data, like assuming an cold assay of supply forecasts on altered bitcoins, or through added qualitative content, like a survey of anticipation baton commentaries from beyond the crypto industry.
I accept a amount in economics from New York University and accept formed as an analyst in assorted adventure basic and startup contexts. More recently, I was the advance analysis analyst at Coindesk and assisted them in acceptable their cryptocurrency abstracts research.
BC: If you were to analyze BCH ascent abstracts against Lightning Network ascent abstracts how do you see the two competing?
PR: It’s actual difficult to accomplish comparisons amid the two, let abandoned any different cryptocurrency. If I were to advance a somewhat acceptable one, it ability be Lightning Network Nodes vs. Bitcoin Cash Alive Addresses as they are both acclimated as asperous proxies for users. As of today, BCH has about 40,000 alive addresses compared to about 5,000 nodes on Lightning.
BC: Where do you acclaim cryptocurrency enthusiasts acquisition aloof cryptocurrency arrangement and bazaar data?
PR: I acclaim Coinmetrics, Coingecko, Cryptocompare, Bitinfocharts, Coin Dance, and of advance charts.Bitcoin.com. Always try to get to the raw numbers and abstain any “adjusted” or adorned metrics acquired from biased calculations. However, you could abstain all that bean-counting affliction and apprehend Ryan Research, area we do it all for you.
What do you anticipate about the blueprint aggregate by the Messari analyst? What do you anticipate about Peter Ryan’s opinion? Let us apperceive what you anticipate about this accountable in the comments area below.
Image credits: Shutterstock, Feature Image on computer by @karbonbased, Ryan Research, and Twitter.
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