BTC being put as the safest asset - justified or not?
Recently one interesting platform was launched, named CORE3. It`s main value in standartized and comparable risk index (Probability of Loss). They are not the only one in the risk domain, but have own methodology of computing risk of assests.
According to them, BTC stands as the only project that has Exceptional confidence and probability of loss only 1 out of 100. The methodology of assessing the risk was built on postmortems of the largest documented Web3 failures. Basically, previous incidents were analyzed in detail, and based on those analyses, the team identified a set of parameters that contributed to each incident, along with the factors that could mitigate them. After that, those factors were clustered into six core categories. Then, to all parameters and categories were assigned weights based on their severity and historical correlation with resulting losses.
That puts Bitcoin on first rank among all the others projects. However, it is mentioned that many of the metrics that are relevant for modern crypto projects simply do not apply to Bitcoin, so they were omitted with the appropriate disclaimer.
My question is - do u think that decision to omit some parameters and put it BTC as the safest asseset is justified or not? Given that no one has ever been able to definitively model how Bitcoin would perform under every future risk scenario
You can look into full methodology if you want to have a full picture https://core3.io/Litepaper_CORE3_Projects.pdf
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