The Case Of Justin Sun of Tron, Are His Antics Good for TRX?

The Case Of Justin Sun of Tron, Are His Antics Good for TRX?
фото показано с : ethereumworldnews.com

2019-8-4 14:47

Tron founder, Justin Sun, is a popular figure in crypto circles, at least for the craze he often cause. The charismatic tech entrepreneur also doubles up as the CEO of decentralized file-sharing site BitTorrent.

Justin is obviously a talented marketer. That said, his side antics probably make more headlines than any of his more inspiring work. Recently, he paid about $4.6 million for lunch with billionaire entrepreneur Warren Buffet. He subsequently canceled the lunch for and apologized for “excessive self-promotion.” In a letter on Social media platform, Weibo, Justin Sun explained the events as follows:

“The bidding stemmed from my admiration for Mr. Buffett and my commitment to philanthropy … and of course, my self-interest and the exterior motive of advocating for the blockchain industry….But my immaturity, hubris, blundering, and neglect of public responsibilities have produced unexpected consequences totally contrary to my original intentions … and triggered concerns from regulatory authorities.”

Sun is only 28 and leads a platform with a market capitalization of $1.46 billion dollars. This is certainly an astronomical feat and he is really close to Alibaba founder Jack Ma. Nonetheless, the move to pay a record amount for charity auction lunch with Buffet, a prominent crypto critic was one of his more questionable moves. Incidentally, Sun also invited President Trump to the meeting. Trump has recently gone on to attack cryptocurrencies as well.

Justin Sun’s Controversies    

Brilliant as he is, Sun has stoked his fair share of controversy. This includes an accusation by Juan Benet, CEO at Protocol Labs of Tron whitepaper plagiarism in January 2018. Sun rebuffed this strongly and stated that the original whitepaper in Chinese was unique.  Later, he claimed that Tron would be better than Ethereum to which Vitalik Buterin joked about their copying capabilities.

Before the unsuccessful Buffet lunch, Sun famously promised a $20 million airdrop and giving away a Tesla to a randomly selected Tron loyal user. He came through on the former but in a controversial manner. This is because contestants had to follow and retweet his own Twitter account and he made a lot more from lucrative business deals. Many felt that the giveaway was mismanaged.

Sun has his sights on replacing Ethereum as the top solution for dApp developers. Additionally, current UEFA Champions League champions, Liverpool FC came out this year to deny a partnership with Tron. This may not have been the fault of Sun personally but it does no justice to the image of sensationalizing stuff.

The dinner with Buffet is probably what has grabbed the headlines most.  Accordingly, the cancellation of the lunch elicited a torrent of speculative reasons. Some went so far as to claim that Sun was under arrest for allegations of money laundering and porn distribution. He later turned up in San Francisco to confirm the contrary.

His Image in Crypto

Sun has a mixed profile. The fact that he is a young and successful developer obviously fuels his desire to create a larger than life profile.  Indeed, BitTorrent is incredibly popular with users across the internet. In the field of distributed computing, he fares well as a trailblazer.

Regardless, his repeated audacious antics don’t do justice to his track record. Ethereum founder, Vitalik Buterin expressed openness in having a different platform taking over Ethereum management.  However, when asked about Tron, he was understandably skeptical. This might be Justin’s image summed up; a brilliant developer who every so often finds a way to outdo himself.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

TRON (TRX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1171
Капитализация $0 Rank 99999
Цена в час новости $ 0.0222994 (-100%)

trx good justin sun tron controversies buffet

trx good → Результатов: 48


Tron’s [TRX] Justin Sun a good example of ‘fake it till you make it,’ says Samson Mow

Justin Sun, CEO and Founder of Tron Foundation, was the subject of discussion on the latest episode of Magical Crypto Friends. Riccardo Spagni, the lead maintainer of Monero, Charlie Lee, the creator of Litecoin, WhalePanda, a Bitcoin influencer, and Samson Mow, the CSO of Blockstream, discussed the failed Tesla giveaway and Justin Sun’s keynote at […] The post Tron’s [TRX] Justin Sun a good example of ‘fake it till you make it,’ says Samson Mow appeared first on AMBCrypto.

2019-4-14 02:30


TRON Price Analysis - Speculation dominates, fundamentals detach

TRX has emerged as a leading short term investment option in alt markets, following a period of strong price movements driven by a series of positive TRON news stories. This momentum may continue with more good news expected for TRON in 2019, however, the lack of network fundamentals being reflected in the value of the TRX token makes genuine price discovery a challenge.

2019-1-23 15:00


Tron [TRX] Performance Last Week Was Low Despite so Many Activities On The Network, Why?

The past week had been full of activities for the Tron team, but unfortunately not a very good one for Tron native token TRX. This cryptocurrency was among the low performers out of the top 100, but there was a high expectation on TRX performance considering that the Tron team were engrossed in awareness and […] The post Tron [TRX] Performance Last Week Was Low Despite so Many Activities On The Network, Why? appeared first on ZyCrypto.

2019-1-22 00:34


Place Tron (TRX) 4th in Coinmarketcap and Have an Ecosystem Larger Than Ethereum: 2 of The Goals for 2019 set by Justin Sun

Tron seems to be one of the most successful cryptos regarding media presence and technology development. Since its creation, the blockchain oriented to the decentralization of contents through the internet has gained more supporters every time, making it one of the ten most important cryptocurrencies of the global market cap.

2019-1-5 07:42


Justin Sun Tells Tron Investors to Expect Zero Transaction Fees for TRX Transactions Come Friday

The Tron community woke up to good news on 15th December: Tron transactions are cheaper than before, and charges will be scrapped entirely soon. The announcement came in a tweet by the Tron Foundation community and was immediately followed by a confirmation By Tron’s CEO and Founder, Justin Sun. Transacting on the Tron Exchange Has […]

2018-12-16 23:53


Tron Makes Good on Decentralized Exchange Promise as TRX DEX Goes Live on TronScan

Promises have a tendency to be broken. Especially in today's business world, words have a habit of getting lost in the sea of anonymity. It is thus refreshing to note the excitement of Matthew Fetzer, a crypto community member who noticed the Tron decentralized exchange on TronScan. For the uninitiated, a decentralized exchange is an […]

2018-11-11 22:25


Tron (TRX) Accelerates to Over One Million Daily Transactions

Tron is back in the news as Justin Sun makes another move. A few days ago, there was a lot of talk about Tron aiming to surpass its target of 1 million daily transactions. Well, it seems that the good news is now hitting our screens even earlier than expected, and there’s more than just […] The post Tron (TRX) Accelerates to Over One Million Daily Transactions appeared first on ZyCrypto.

2018-11-5 14:50


To TRX Coin Holders: “Mainnet Launches Often Clip Price”: Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018)

Over all, yesterday was a pretty good day for alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in.

2018-6-20 03:02