Reposting an old comment I made about TRON (the cryptocurrency) here: For those that haven't heard of TRON, it is what I would call one of the most successful

Reposting an old comment I made about TRON (the cryptocurrency) here: For those that haven't heard of TRON, it is what I would call one of the most successful scams in the history of cryptocurrency. It is a currency that was made on top of Ethereum (thus, it took no actual effort to create, as this can be done instantly and for free), paired with a significant amount of hype and lies to investors. The TRON Whitepaper (what investors are 'supposed' to read and invest off of) is written terribly and copies significantly from other successful projects: https://www.reddit.com/r/ethtrader/comments/7oeh92/trons_trx.. https://www.reddit.com/r/ethtrader/comments/7oeh92/trons_trx.... It's possible that the CEO of TRON made at least $300M USD from selling his own coins that he created out of thin air: https://www.reddit.com/r/ethtrader/comments/7oh01s/trx_tron_.. https://www.reddit.com/r/ethtrader/comments/7oh01s/trx_tron_.... The CEO tweets in ways specifically designed to entice investors to speculate on his coin, such as specifically telling people it will go up in value: https://twitter.com/justinsuntron/status/947463313775927297 https://twitter.com/justinsuntron/status/947463313775927297, or specifically saying the downwards price movement is due to changes to CoinMarketCap information (completely false): https://twitter.com/justinsuntron/status/951191786902274048 https://twitter.com/justinsuntron/status/951191786902274048 Some investors in TRON have lost up to 66% of their net worth thus far (https://coinmarketcap.com/currencies/tron/ https://coinmarketcap.com/currencies/tron/), making it one of the largest crashes that has been seen in the top 10 coins on CoinMarketCap in quite awhile. Some of the things investors believe are completely absurd, citing that the Chinese government or Amazon will use TRON. It's unfortunate the levels of misinformation that so rampantly spread and cause many to lose their hard-earned money. original: https://news.ycombinator.com/item?id=16148721 https://news.ycombinator.com/item?id=16148721