Some shade was thrown on the recent hype and celebration surrounding the launch of the BitTorrent Token (BTT) by the torrenting firm’s former chief strategy officer (CSO), Simon Morris.
Following an acquisition of BitTorrent by TRON founder and CEO, Justin Sun, the assumption was that BTT would be launched on the TRON network. However, Morris has serious doubts over whether or not TRON will be able to handle the sheer volume of transactions that the global file sharing network would produce.
BTT Will Destroy TRON
In Friday’s interview with BreakerMag, Morris dismissed TRON’s transactional capacity, claiming BTT would ‘melt it’:
“It was very clear when I was [at BitTorrent] that there was no way the transaction capacity of Tron would [work]. The transactional capacity we [were] looking at was needing hundreds of transactions a second just to get started. It’s simply not there. You hear all the bullshit out there, oh, this does 10,000 transactions a second. It’s all crap. We were going to melt Tron. Literally destroy it.”
Morris elaborated by saying that BTT would likely end up being a centralized token, although he predicts that the service will be presented as a new quirk of technology. He said:
“I suspect that what they’re really going to do is they’ll do it on some central server, they’ll wave their hands and say, ‘Oh, it’s a Lightning Network for Tron,’ or something, and pretend it’s Tron-based.”
Justin Sun and the BitTorrent team members have refused to comment, but according to Morris, who worked with Sun personally, this is not surprising.
‘Trumpian’ Justin Sun
Morris recounts an incident where he urged Sun to come clean about TRON’s plagiarized white paper – a fact that even most TRON supporters have now come to terms with. Morris recalled:
“I said, ‘Justin, maybe what you should do is acknowledge the fact that you were young and you were scrappy, and maybe this happened, but now you’ve moved on and you’re sincerely building things…”
Sun’s refusal to budge is what drew Morris to compare him to President of the United States of America, Donald Trump. Morris decried Sun’s tendency to double-down on denying his mistakes, and called this behaviour ‘Trumpian’.
The parting shots didn’t end there, as Morris called TRON ‘a marketing machine built on a thin veneer of technology’, and stated that while Justin Sun was a terrific marketer, he ‘doesn’t have a technical bone in his body’.
TRX was the worst performer in the top forty coins by market cap on Saturday morning, sinking 11.8% from peak to trough. That took TRX from a price of $0.026243 down to $0.023127 overnight.
The downward movement was likely already on the cards given TRX’s surge to a near six-month high just three days ago. TRX trade volume also hit an eight-month high recently, eventually crossing the $1 billion mark for the first time since April 2018.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
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