So, how do I download this? – was the question. What do you mean? – was the reply. How do… where’s the node software? With silence following, does this really not even have a blockchain or any product at all, we wondered. Their Github page does suggest so. We thus asked coders to confirm. “What do you mean with “launched”, as in being used? or the code released? As far as I know, the main net hasn’t been launched yet,” Roy van Kaathoven, a coder simply interested in the project and not from Tron, tells us. But how do, how are all these TRXs moving? Oh, it’s just an ETH token, we are told. An eth token with just a whitepaper worth $14 billion? Welcome to crypto 2018. To put that in context, Twitter, with millions of users and quite some remarkable influence in the world stage, is kind of worth as much. So we went back to this golden whitepaper which by words alone has such mesmerizing power. “We believe users should have ownership of and control over the data they create, rather than have to cede that ownership and control to the platform; users must freely own all digital information,” the project says. It is a statement we have heard many times before. Facebook, Google, Apple, Amazon, Alibaba and others are accused of creating walls, and perhaps more importantly, controlling our data, manipulating them too, through secret algorithms which grants them unimaginable power, and as we all know, power corrupts.
The proposed solution by a number of projects, and Tron appears to be no different, is the employment of various decentralized technologies, such as IPFS and blockchain tech, to create distributed data storage. The way this usually works, and Tron seemingly aims to eventually implement, is by linking distributed bittorrent like data storage through IPFS to blockchain hashes, so that a movie stored on IPFS is recorded as only a piece of string on the blockchain. The concept has already been implemented by LBRY, with their developers telling trusnodes back in May of last year: “The blockchain is the database for all the content on the network. The URI + the associated metadata is stored on it. So when you want to find some or stream something, you find it on the blockchain and extract the relevant information, which in turns allows you to (1) pay the publisher – or not if it’s free, like a lot of things – (2) thereby initiating the stream in an otherwise YouTube-like experience. What is not on the blockchain is the data itself, which is sharded and distributed in a bittorrent-like fashion across all the host nodes which you can think of as the LBRY equivalent of a “full node” from bitcoin: a node which has content shards it is uploading to other viewers.” It is unclear whether Tron follows the exact same approach, but the whitepaper does seem to suggest so, mentioning hash tags and stating their first phase is the implementation of IPFS to be followed by a blockchain: “In the Exodus phase, on the basis of the distributed storage technology represented by IPFS, TRON will provide users with a completely free and reliable platform for data publication, storage and dissemination…
In the TRON system, content producers can have direct access to TRX, the TRON coin paid by fan users for premium content. They can also obtain influence and power by creating high-quality contents, thus directly gaining TRX rewards given by the system.” It is a nice idea, but its implementation in a truly decentralized manner while having the speed and convenience of centralized services is very difficult, if at all possible, to achieve at this stage. Which might perhaps be why Tron doesn’t even offer an alpha, as far as we are aware, let alone a full on product, for us to see just how it all works. We are told main-net might launch in March, without elaboration on how realistic that is. “Justin is working on promoting Tron first, and working on the product later,” we are told. How much more than $14 billion he wants a big fonts whitepaper with no product to be worth, who is to know.
Nor is anyone to know how much further the marketing hype is to go. Not least because Justin Sun might be the master of it. He brags of all sorts, yet can he name one actual achievement? “He was one of the 2015 Forbes “30 under 30” in China and one of the 2017 Forbes “30 under 30” in Asia. He also won the title of Global Shaper at the 2014 Davos Forum (World Economic Forum). He was the only post-90 student of first period of Hupan University founded by Jack Ma.” With those “credentials” you’d expect a lot, but the only mentioned achievement is an app that has one million active users. If that’s what gets you the title of shaping the globe, then this is truly 1994. Yet, it would perhaps be unfair if we did not mention his real achievement. A search for Tron shows CNBC, Business Today, and The Sun, Britain’s most read newspaper. The last one is most surprising because they barely ever mention even bitcoin, so what took their fancy to inform their readers about a whitepaper with no product remains unclear. Except perhaps Sun’s marketing wiz, yet little lives on promises alone. Eventually, reality might have to catch up.
source:
BTW this is one month price chart. It does not make any sense since there was no any product/code related change for this coin.
14 B for a stack of paper?
that's how crazy this market is
Crazy! your right about that.
[Edit] It is public I will have to put aside some time and read it.
“We believe users should have ownership of and control over the data they create, rather than have to cede that ownership and control to the platform; users must freely own all digital information,”
So we loose our digital privacy with the patriot Act and 17 years later the price of privacy is worth a $14 B collective. https://o836fhe91.qnssl.com/tron/whitebook/TronWhitepaper_en.pdf
Conspiracy?
several red alarms:whitepaper is here:https://steemit.com/bitcoin/@dimitar9/tron-the-usd14-billion-whitepaper-with-no-product#comments
basically, it is a scam. period.
Thanks for your review, they should have something to show for all that hype, are the investors locked in or something?
I believe you are right about it being a scam but not more than any other digital network that promises real world value as a product of online entertainment.
Yes... too much of it around. Glossy scams marketed by "Trusted Sources" etc.
Patriot Act is now dead. BTW. So is DMCA.
http://terryallenjones.net/DMCA_Letter_Note.htm
http://terryallenjones.net/Ed_Snowden_Note.htm
You can't deny it set the precedent for the modern NSA industry, KYC protocol, and a general negation of the extension of constitutional rights to the internet.
So many privacy related crimes continue to occur online that people would be charged for prior to 2001.
OAKSTAR STORMBREW Trailblazer Turbulence Genoa II Total Information Awareness President's Surveillance Program Terrorist Surveillance Program
Since 2007
PRISM Dropmire Stateroom Bullrun MYSTIC MonsterMind (alleged)
Databases, tools etc.
PINWALE MARINA MAINWAY TRAFFICTHIEF DISHFIRE XKeyscore ICREACH BOUNDLESSINFORMANT
GCHQ collaboration
MUSCULAR Tempora
Edit: Nice blog.
But right, they overall as most USA scams do, get the victims to validate the frauds for them. Tax frauds etc go same ways.
Your point is right but.... "...and a general negation of the extension of constitutional rights to the internet....."
They won't get far with this and will end up getting charged themselves on it. Via the back door.
They did repeal the Patriot Act and no longer allow ISPs to collect identity data as they did in the past.
DMCA overall is not provable as I wrote in my site, links are there.
Beyond that? I find much of their content is a criminal act made to pander on MY VANITY...
More delusion from the Bush era along with the frauds that are 09/11...
Take money first and offer product later (maybe)? About as bad as Facebook. Steal investor monies, build lavish offices and pay yourself too much, blow up satellites and flying razor blades (axes)...
totally agree. Justin sun is a master a deception. I am chinese, so I know this is totally a scam, he is not trustworthy from a lot of his previous doing
i read news he didn't even go to legit college.
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