BitTorrent Recaps Justin Sun's AMA

BitTorrent Recaps Justin Sun’s AMA

Justin Sun, the Founder of TRON Foundation and the CEO of BitTorrent, recently went live on an AMA hosted by Binance. BitTorrent has recently released a recap of the AMA.

Also Read: BitTorrent (BTT) now Available on BitMax

To start with, the team gave a brief introduction of Sun. Here’s a snippet from the introduction:

“Justin Sun is the founder of TRON, CEO of BitTorrent Inc. and founder the of Callme (Peiwo) app, which is an audio community with more than 10M users. TRON is among the top 10 cryptocurrencies in the world and Peiwo is one of the largest voice live streaming apps in China. Justin was named 2017 Forbes 30 under 30 Asia and Forbes 30 under 30 China from 2015 to 2017. He is the only millennial graduate from Hupan University established by Jack Ma, Chairman of the Alibaba Group. Justin obtained a Master’s Degree from the University of Pennsylvania after he received a Bachelors from Peking University. Since July 24, 2018, TRON acquired BitTorrent, one of the first decentralized applications, promoting a free internet governed by peers since 2004.”

Moving on to the questions and answers, one of the questions asked was:

“BTT is the first relatively important token issued on TRON and the industry has been extremely enthusiastic about it. It is fair to say that BTT has done quite well in the current bearish market. Do you think the popularity of BTT will last?”

To this, Sun replied:

“Definitely. First, BTT is not a one-off project. BitTorrent has a great user base with close to 100 million active users around the world, and this number has not changed much or dropped in the past 16 years from 2003 until now. As a dominating P2P application, it has proven to be more trustworthy than Bitcoin, which only existed 10 years ago, while BitTorrent has a history of 16 years. There are reasons why BTT has been favored by people in the industry. We do not even need to hype it up. Therefore, I am not worried about its popularity. BTT is very different from some overly hyped projects on the Internet which were just a flash in the pan.”

Moving on to another question:

“Do you think BitTorrent and BTT will bring new users to blockchain?”

Sun answered this question by saying:

“Absolutely. I will give you an example. We will provide BTT as an early access mechanism to the 100 million active users and most of them are not cryptocurrency users. However, the 100 million users are the targeted users, and they share a lot of similarities with crypto users. Firstly, they are interested in decentralized technologies and are using peer-to-peer technology. Secondly, the majority of BitTorrent users are males between 25 and 35 years old, which is also a group very interested in cryptocurrency. Therefore, when the 100 million users receive BTT airdrops, they will start to wonder what BTT is, and what cryptocurrency is, and start to investigate.”

Another important question raised in the AMA was about whether BitTorrent would release its own MainNet or not, to which Sun replied:

“No. BitTorrent’s most outstanding asset is its P2P network while TRON’s strength is in the blockchain. Therefore, both should draw on each other’s strength, and in this case, we have always been thinking about the integration between the network of TRON and that of BitTorrent.”

Another question asked pertained to the core business value for TRON and about what the company envisions to eventually become. To this, Sun replied:

“TRON is a new ecosystem, an operating system based on the Internet. Moving on, it’s my hope that TRON is going to be able to support most online entertainment for all people, just like iOS and Android, serving developers and users around the world in an open-source, free, equal and distributive way.”

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.