Tron, The $14 Billion Whitepaper With No Product

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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.

 

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jamonit

I guess whoever wrote this doesn’t know how to check Github and view Trons Protocol implementation in their repository. This article is bull shit.

serc

Damn, out for 3 months and you expect it to have a blockchain completed. Idiodic

Bryan

Hurry up guys the world is waiting. I back Tron because of potential. IMO I would much rather throw $500 at this project than spending $500 at the casino.

No mention of bitcoin because bitcoin is dying. Bitcoin dominance is now at 33%. Can you imagine spending $30 just to purchase something?

nomofiat

lol maybe you should make some real money so you can quit whining about a $30 fee.

Bitcoin is the only blockchain that can demand such a high fee. Since when is being able to charge a high fee for a service a bad thing for said service?

Did you ever consider who is willing and able to pay a $30 fee?
Google companies like Bitfury, Tierion, Chain, Factom, Chromaway, Filamont, etc. They all anchor to bitcoin for proof of immutability.
https://www.forbes.com/sites/laurashin/2017/02/07/the-first-government-to-secure-land-titles-on-the-bitcoin-blockchain-expands-project/#28c1a0494dcd

Bitcoin is used to secure the land registry of entire nations. Compared to that, retail payments are a side show for idiots.

Deejay

*CORRECTION – His Peiwo App has 10 Million users. Get your facts right. You los all credibility now for the rest of the article.

People, there will be plenty of TRON haters who missed the boat. But the funny thing is, the boat is nowhere near its intended target yet, this project is going to the moon. Get on it.

Jason

Whoever wrote this is spreading some serious misinformation. Whatever happened to journalism? Do some research before writing your articles. Until then, I will not be taking this site seriously!

Someone answer the question. What is Tron?
Not.. What it hopes to be.
What is it now?
Where’s the wallet?
What ability to mine?

The reality is this coin has potential and a great team behind it. That is why it went from less than a penny less than two months ago to nearly 30 cents on some exchanges. Sure it has settled down around 8 cents but the coin has potential. The people behind are making moves. And if investors don’t recognize that now they will when the coin hits a $1 in the first quarter of 2018

No Name

Just have a look in the history of the tron cooperation with “leading online gaming platform” game.com -> https://web.archive.org/web/*/game.com