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Tron is just an overhyped marketing machine and a massive cash grab. Now they're using the money to buy some real world assets to consolidate their image in the

Tron is just an overhyped marketing machine and a massive cash grab. Now they're using the money to buy some real world assets to consolidate their image in the distributed/decentralized world. Their strategy works, what can I say. As far as the product itself, just take a look at their website (https://tron.network/index?lng=en https://tron.network/index?lng=en) under the DApps section, they just list some mockups with dead urls or no additional info...a joke really for a project worth several billions in market cap. Taking a look at their repository (https://github.com/tronprotocol/java-tron https://github.com/tronprotocol/java-tron) there is no sign of a virtual machine that's supposed to run smart contracts, however they do attempt to create some kind of documentation for it (http://wiki.tron.network/en/latest/TRON_Virtual_Machine.html http://wiki.tron.network/en/latest/TRON_Virtual_Machine.html) Seriosly, it's frightening how this project managed to raise so much money from thin air.

kookiekrak 8y ago
Tron VM has a beta release out, but it's not a priority currently. They're working on building and stabilizing the blockchain first. Dapp partnerships are coming but you cant have people commit to building on a nonexistant blockchain ;)
- brokensegue 8y ago
  dapps are a dud. just look at all the dapps eth has
  - mkirklions 8y ago
    I havent tried using them, but what makes them stink? Expensive/Slow?
    - cornholio 8y ago
      Ensuring the integrity of your distributed application by running the same code on every node in the network is a fundamentally bad idea. It only makes sense in zero trust, monetary applications like Bitcoin and Ethereum itself - or speculative tokens built on top of them.
      - spookthesunset 8y ago
        > It only makes sense in zero trust, monetary applications like Bitcoin and Ethereum itself - or speculative tokens built on top of them. Which only make sense in a very narrow "technically correct" kind of way. From a larger perspective they still don't make sense. Pissing away small countries worth of electricity to validate an incredibly small number of transactions is a horrible idea. ...And that is just one of the deep, fundamental flaws in blockchain-based currency.
        cornholio 8y ago
        The duplicated code can be as simple as a few cryptographic operations for each broadcasted transaction. This can easily scale to tens of thousands of nodes and transactions per hour without requiring significant computing resources over the baseline of running a high bandwidth internet node. When the consistency algorithm is proof of work chains, or when the proof of work is used to control the scarcity and disbursement of the valuable token, only then you have the whole "world turning into fucking Mordor" problem.
    - shp0ngle 8y ago
      No connection to the actual world outside of the blockchain. So mostly they are gambling apps (with source of randomness the blockchain itself), exchanges, or artificially scarce "collectibles" (like cryptokitties).
  - godzillabrennus 8y ago
    I’ve been at BEF the last couple of days and http://www.dapp.com http://www.dapp.com is exhibiting. They are launching a service to help promote these kinds of decentralized apps. Might be a bit too early. Don’t know if the market is even close to ready.
    - brokensegue 8y ago
      yeah the issue isn't promotion. there's just no compelling services
  - haakon 8y ago
    Seriously, do take a look at it: https://dappradar.com/ https://dappradar.com/ The most used dapp had just over 4000 users in the last 24 hours, while CryptoKitties, arguably the most famous dapp, didn't even have 400.
    - brokensegue 8y ago
      All the most used dapps are games and distributed exchanges for coins. Distributed exchanges do not justify the existence of these coins (which are meant to power distributed apps not just be tokens for speculation). The games don't need to be dapps they are just novelties. Find me a dapp that isn't one of those two things with appreciable usage and I'll be impressed.
      - GuthL 8y ago
        You can start looking into Dai which serves as a stable coin using collateral or more generally into Security Tokens (here an explanation on STO https://medium.com/crypto-oracle/prepare-yourself-the-security-token-tsunami-is-about-to-hit-9d5517caff49 https://medium.com/crypto-oracle/prepare-yourself-the-securi...) Those are going to be big very soon!
        brokensegue 8y ago
        I'm well informed already about these things. Note that neither of them have significant adoption. Security tokens are a Bad idea. Dai is basically only useful for speculating on cryptocurrencies and so I dismiss it like I dismiss exchange dapps. This whole industry can't be built on speculating on the value of nonces.
        faizanbhat 8y ago
        Could you elaborate on why you believe security tokens to be a bad idea?
        brokensegue 8y ago
  - nvr219 8y ago
    turn that dapp into a dab
arisAlexis 8y ago
The dot-com boom was like that but didn't deter good companies emerge with life changing technologies.
- zaidf 8y ago
  Key difference: dot-com bubble followed successes like Yahoo, Amazon, Hotmail. What are the crypto equivalent of the Yahoos that have a material product and user-base?
  - GuthL 8y ago
    Bitcoin and ethereum are such successes! On a smaller scale but growing, 0x is doing an amazing job.
    - zaidf 8y ago
      What’s their end product to date besides speculation?
      - bredren 8y ago
        It is in heavy use in black markets and for illegal enterprise such as ransom. So the product is successful transactions outside many laws.
        mrhappyunhappy 8y ago
        The same can be said of cash. Can we agree that this has been played to death by now?
        zaidf 8y ago
        Cash can be used at tens of thousands of locations for non-shady uses. Same can’t be said of crypto.
        rootsudo 8y ago
just_one_time_ 8y ago
They didn't "raise" that much money. The only scary thing is so many otherwise smart people being confused about a coin's market cap. Best case the Tron guys have a few $Million in their coin they could sell before crashing the Tron market, and they know that too. 3/4 of Tron "trading" is on the site "UpBit" not even accessible using Chrome or in the US or Europe (its not real volume). Tron maybe could make a few $million total for the founders, don't be salty over that.

kookiekrak 8y ago

Tron VM has a beta release out, but it's not a priority currently. They're working on building and stabilizing the blockchain first. Dapp partnerships are coming but you cant have people commit to building on a nonexistant blockchain ;)

brokensegue 8y ago
dapps are a dud. just look at all the dapps eth has
- mkirklions 8y ago
  I havent tried using them, but what makes them stink? Expensive/Slow?
  - cornholio 8y ago
    Ensuring the integrity of your distributed application by running the same code on every node in the network is a fundamentally bad idea. It only makes sense in zero trust, monetary applications like Bitcoin and Ethereum itself - or speculative tokens built on top of them.
    - spookthesunset 8y ago
      > It only makes sense in zero trust, monetary applications like Bitcoin and Ethereum itself - or speculative tokens built on top of them. Which only make sense in a very narrow "technically correct" kind of way. From a larger perspective they still don't make sense. Pissing away small countries worth of electricity to validate an incredibly small number of transactions is a horrible idea. ...And that is just one of the deep, fundamental flaws in blockchain-based currency.
      - cornholio 8y ago
        The duplicated code can be as simple as a few cryptographic operations for each broadcasted transaction. This can easily scale to tens of thousands of nodes and transactions per hour without requiring significant computing resources over the baseline of running a high bandwidth internet node. When the consistency algorithm is proof of work chains, or when the proof of work is used to control the scarcity and disbursement of the valuable token, only then you have the whole "world turning into fucking Mordor" problem.
  - shp0ngle 8y ago
    No connection to the actual world outside of the blockchain. So mostly they are gambling apps (with source of randomness the blockchain itself), exchanges, or artificially scarce "collectibles" (like cryptokitties).
- godzillabrennus 8y ago
  I’ve been at BEF the last couple of days and http://www.dapp.com http://www.dapp.com is exhibiting. They are launching a service to help promote these kinds of decentralized apps. Might be a bit too early. Don’t know if the market is even close to ready.
  - brokensegue 8y ago
    yeah the issue isn't promotion. there's just no compelling services
- haakon 8y ago
  Seriously, do take a look at it: https://dappradar.com/ https://dappradar.com/ The most used dapp had just over 4000 users in the last 24 hours, while CryptoKitties, arguably the most famous dapp, didn't even have 400.
  - brokensegue 8y ago
    All the most used dapps are games and distributed exchanges for coins. Distributed exchanges do not justify the existence of these coins (which are meant to power distributed apps not just be tokens for speculation). The games don't need to be dapps they are just novelties. Find me a dapp that isn't one of those two things with appreciable usage and I'll be impressed.
    - GuthL 8y ago
      You can start looking into Dai which serves as a stable coin using collateral or more generally into Security Tokens (here an explanation on STO https://medium.com/crypto-oracle/prepare-yourself-the-security-token-tsunami-is-about-to-hit-9d5517caff49 https://medium.com/crypto-oracle/prepare-yourself-the-securi...) Those are going to be big very soon!
      - brokensegue 8y ago
        I'm well informed already about these things. Note that neither of them have significant adoption. Security tokens are a Bad idea. Dai is basically only useful for speculating on cryptocurrencies and so I dismiss it like I dismiss exchange dapps. This whole industry can't be built on speculating on the value of nonces.
        faizanbhat 8y ago
        Could you elaborate on why you believe security tokens to be a bad idea?
        brokensegue 8y ago
- nvr219 8y ago
  turn that dapp into a dab

arisAlexis 8y ago

The dot-com boom was like that but didn't deter good companies emerge with life changing technologies.

zaidf 8y ago
Key difference: dot-com bubble followed successes like Yahoo, Amazon, Hotmail. What are the crypto equivalent of the Yahoos that have a material product and user-base?
- GuthL 8y ago
  Bitcoin and ethereum are such successes! On a smaller scale but growing, 0x is doing an amazing job.
  - zaidf 8y ago
    What’s their end product to date besides speculation?
    - bredren 8y ago
      It is in heavy use in black markets and for illegal enterprise such as ransom. So the product is successful transactions outside many laws.
      - mrhappyunhappy 8y ago
        The same can be said of cash. Can we agree that this has been played to death by now?
        zaidf 8y ago
        Cash can be used at tens of thousands of locations for non-shady uses. Same can’t be said of crypto.
      - rootsudo 8y ago

just_one_time_ 8y ago

They didn't "raise" that much money. The only scary thing is so many otherwise smart people being confused about a coin's market cap. Best case the Tron guys have a few $Million in their coin they could sell before crashing the Tron market, and they know that too. 3/4 of Tron "trading" is on the site "UpBit" not even accessible using Chrome or in the US or Europe (its not real volume). Tron maybe could make a few $million total for the founders, don't be salty over that.