Darling or careless

in #cryptocurrency5 years ago (edited)

In my opinion this last move from Justin Sun is not a very good one. Getting too cozy with stable coins is already questionable, but doing so with tether is outright careless to me.

There are better options out there, and the lack of legislative clarity makes it to where if the gavel was to be slammed, those with centralized systems, those with single points of failure, would be the first ones to get burnt.

The long story made short is this, tether will launch on the Tron blockchain using their TRC20 token, their ERC20 copycat if we are to be honest, and thus begin what might be the second riskiest partnership Justin Sun from Tron has taken on, along with BitTorrent.

I'm sitting here scratching my head, asking myself: WHY. The only thing I can come up with is the new debit cards I've seen some pictures of, and what is surely an effort to implement a system to make Tron actually used in day to day spending, a constant effort that many projects shoot for but seem to miss the mark. Early adopters are looking for gains, not to buy milk and bread it seems, but of course I won't shoot their efforts down.

In my opinion, this could be the beginning of the end for Tron, it could very well be the decision that sinks the project. More so because it's not about if tether is a hot mess that will surely fail, but when.

@meno

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Tron might be shit project but justin sun is know how to handle a marketing . We can say he is king of marketing in our crypto. Si let's see what will happen.

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So interesting someone would go towards a project without the transparency with alternatives like Maker and DAI out there. Would not be surprised if therebis some money behind this or support from an exchange.

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