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TRON is the greatest scam the world has seen. Justin Sun hyped the price to unreal levels without a product, then sold at the height around new years ’17/18. Bo

TRON is the greatest scam the world has seen. Justin Sun hyped the price to unreal levels without a product, then sold at the height around new years ’17/18. Bought BitTorrent with the money. I’d stay far away from TRON

badge 8y ago
https://www.trustnodes.com/2018/01/08/trons-whitepaper-copied-plagiarized https://www.trustnodes.com/2018/01/08/trons-whitepaper-copie... It's amazing that such a clearly fraudulent project acquired any funding to begin with.
asenna 8y ago
I was just coming here to say the same. I can't believe anything positive related to Tron is on top of HN. It is a very well documented scam and obvious scam.
MrEldritch 8y ago
I wouldn't say "greatest scam the world has seen"; that's really selling the grand history of scams short. TRON may have been profitable, but it was not terribly clever or high-effort; the crypto-speculation space was just abnormally high in unreasonably-enthusiastic suckers.
- hakanito 8y ago
  Fair enough, but TRON created $14B out of thin air.
  - badge 8y ago
    "$14B" on paper - but the real value of what could be extracted from market sells would be immensely less. Those numbers are based on the market spot price, and not the order book support from real world buyers. Cryptocoin exchanges are mostly bots and the order books are mostly loaded with spoofed bids that are pulled away once real buyers and sellers start pushing one way or the other, hence the volatility.
  - deleted 8y ago
    [deleted]
ObsoleteNerd 8y ago
I'm actually kind of speechless to see this on the top of HN. This is a colossal scam. Not just scammy or unethical, but an ACTUAL scam.
wonderwonder 8y ago
I could be wrong, but if it Tron is indeed a scam, why take the money earned by selling at the high, and reinvest into the company? Why did he not just exit? Tron has dropped ~90% since the bull market high as have most alts, why are they still hiring developers and opening offices? While I acknowledge the white paper was a fiasco, and they have made plenty of errors, it appears that the project itself is still actively under development and working towards some sort of goal. I am not vouching on the talent of their management though, I do have concerns there. I have a hard time calling a project that is under active development and investing in itself via developer hires, new offices and acquisitions a scam especially when the opportunity to exit was there. The project had an inauspicious start but I feel the word scam does not belong here. Just my 2 cents. (Disclosure: I have a small bag. ~$150)

badge 8y ago

https://www.trustnodes.com/2018/01/08/trons-whitepaper-copied-plagiarized https://www.trustnodes.com/2018/01/08/trons-whitepaper-copie... It's amazing that such a clearly fraudulent project acquired any funding to begin with.

asenna 8y ago

I was just coming here to say the same. I can't believe anything positive related to Tron is on top of HN. It is a very well documented scam and obvious scam.

MrEldritch 8y ago

I wouldn't say "greatest scam the world has seen"; that's really selling the grand history of scams short. TRON may have been profitable, but it was not terribly clever or high-effort; the crypto-speculation space was just abnormally high in unreasonably-enthusiastic suckers.

hakanito 8y ago
Fair enough, but TRON created $14B out of thin air.
- badge 8y ago
  "$14B" on paper - but the real value of what could be extracted from market sells would be immensely less. Those numbers are based on the market spot price, and not the order book support from real world buyers. Cryptocoin exchanges are mostly bots and the order books are mostly loaded with spoofed bids that are pulled away once real buyers and sellers start pushing one way or the other, hence the volatility.
- deleted 8y ago
  [deleted]

ObsoleteNerd 8y ago

I'm actually kind of speechless to see this on the top of HN. This is a colossal scam. Not just scammy or unethical, but an ACTUAL scam.

wonderwonder 8y ago

I could be wrong, but if it Tron is indeed a scam, why take the money earned by selling at the high, and reinvest into the company? Why did he not just exit? Tron has dropped ~90% since the bull market high as have most alts, why are they still hiring developers and opening offices? While I acknowledge the white paper was a fiasco, and they have made plenty of errors, it appears that the project itself is still actively under development and working towards some sort of goal. I am not vouching on the talent of their management though, I do have concerns there. I have a hard time calling a project that is under active development and investing in itself via developer hires, new offices and acquisitions a scam especially when the opportunity to exit was there. The project had an inauspicious start but I feel the word scam does not belong here. Just my 2 cents. (Disclosure: I have a small bag. ~$150)