The beginning to 2018 for #TRX was a rocky one with #FUD surrounding the whitepaper for Tron, his Marketing approach, which we can agree was/still not on par with how a billion dollar evaluated company should present themselves, and the January 2018 Bloodbath. But, nonetheless, I am super Bullish on Tron! Justin Sun is @Forbes Asia's 30 under 30, he has already accomplished so much, his future will be a successful one.
If you don't know Justin Sun, you can follow him here on Twitter @justinsuntron. And a basic run down from his Forbes profile "Sun founded Peiwo, an app aspiring to become China's Snapchat that matches and connects users by analyzing 10-second voice samples as well interests. Peiwo has introduced a host of channels for users to make like-minded friends, with online games, talent shows and live streaming. It has matched more than 4 billion chats to date. Sun became Davos Global Shaper in 2014 and was the former representative of Bitcoin settlement platform @Ripple in China."
Here, he has my attention on a couple things...(before even investing)
- @Forbes Asia 30 under 30
- Has already created a successful business in China - @Peiwo, with over 10 million users
- Worked for @Ripple $XRP (huge fan of Ripple)
- Young, Successful, has all the connections he needs to build a solid company.
THE #FUD.
“Why does your TRON whitepaper make wholesale copying of IPFS and Filecoin without a single reference?” Bedeho Mender, founder of BitTorrent client JoyStream, tweeted. “Bitswap, PoRep, PoSt, these are not your ideas?”
But Justin responded “Our original version of the whitepaper is in Chinese and we have a very detailed reference to the latest Chinese version. The English, Korea, Japanese and Spanish versions are translated by the volunteers. The translation missed numerous important details not just reference.”
The translation and versioning were also argued but you can read more about the details of the whitepaper here.
https://www.trustnodes.com/2018/01/08/trons-whitepaper-copied-plagiarized
Justin's "Marketing First" approach was also not well received. Inverse.com said “Some teams spend two to four years on R&D to perfect the technology,” Reddit user perogies said on the subreddit. “Tron seems to have taken a marketing first approach, created massive worldwide buzz, and is now in the midst of an international hiring spree. They do seem to be landing some solid developers, so if the partnership announcements keep coming and the game takes off, it will buy them enough time to build the mainnet without killing the projects momentum.” https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal
And then the Bloodbath came! If you have been in the crypto game for years or months, the bloodbath that took place in Jan-Feb 2018 was the "shot heard around the world" - NO ONE ESCAPED! but picked up some cheap mf'n coins!
WHAT TRON IS DOING NOW!
"Despite suffering one of the heaviest price dips of all currencies, Tron has maintained a position in the Top 15 of market capitalization..." https://theindependentrepublic.com/2018/02/08/tron-trx-top-ten-coin/
Justin has been hitting the ground running tho though all this turmoil. He has made partnerships, brought on developers and have implemented TRON into multiple different channels.
Partnerships
- You can use $TRX on @Peiwo - Which we all saw coming but having over 10 million users is big.
- SC (Global Social Chain) https://medium.com/@Tronfoundation/strategic-partnership-between-tron-and-gsc-makes-one-hundred-million-users-get-access-to-tron-a6c58e6a6c9e
- Game.com https://medium.com/@TronDotLive/tron-live-had-an-interview-session-with-game-com-9e09e0b36e17?from=groupmessage&isappinstalled=0
- Also setting up an office in San Fransisco. http://quebecnewstribune.com/news/tron-opening-new-office-san-francisco-1269/
He is working to get listed on multiple exchanges, working with Japanese officials and hiring developers.
Game.com’s CEO Xu Le “When a person is able scale something from scratch to a global large scale, we can gauge one’s ability form this. Tron went from a market cap of $2 billion to an all time high of $16 billion market cap after partnering with us…What we should focus on is this young man’s determination, endurance, and execution of tasks under pressure.”
ON TO THE FUTURE OF CRYPTOS!
I think we have a couple more obstacles to jump before any real movement in prices happen for anyone.
- Chinese New Year on Feb 16th (For us on the western hemisphere)
- US Gov Shutdown will happen again because Americans politics is a joke.
There was a #YahooAMS (Yahoo All Markets Summit) which was #YUGE for #CryptoCurrency. @CoinDesk and @Yahoo Finance Team up and examined the growing market and investor interest in Crypto and the technology behind it. Where are these digital assets heading, and how can everyday investors buy in safely? From bitcoin and blockchain to ethereum and ICOs, we'll discuss crypto investing with CEOs, engineers, policy makers and legal experts. - quoted here. https://finance.yahoo.com/live/allmarketssummit/
If you haven't seen the submit, check out all the great videos and discussions here. https://twitter.com/search?q=%23YahooAMS&src=tyah
Also, the SEC meeting with congress on the future of crypto currency's went very well. Which was a huge success for the future of cryptos. My favorite article out of the SEC meeting was, "The US senate just learned what bitcoiners mean by “hodl” https://qz.com/1200204/bitcoin-regulation-cftc-and-sec-weigh-in-on-crypto-oversight-at-us-senate-hearing/
DISCLAIMER: This is all my personal opinion and should not be taken as professional investment advice.
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