TRON Founder, Justin Sun Warns Ethereum Developers of Downfall
In a recent tweet pertaining to the recent ConsenSys layoff, Justin Sun, the Founder and CEO of TRON Foundation, warned Ethereum developers about the expected downfall.
Ethereum and @ConsenSys are slowly imploding. The 60% layoff and 90% price drop is just the beginning. That’s what happens when u can’t keep up with DApps & no funding! Developers leaving & project shutdown will be next. Don’t go down with the ship! #TRON #ETH @VitalikButerin
— Justin Sun (@justinsuntron) December 23, 2018
He asked the developers to not “go down with the ship.” This is not the first time that Sun has warned Ethereum developers of a complete shutdown of the project. Sun has asked the developers to migrate to the TRON network since their network would “shutdown.”
Sun recently went on an interview with Inc, where he discussed about the development in the network. Starting off with a few words about the recent purchase of BitTorrent:
“One of the reasons we purchased BitTorrent, besides its great team, is that we’ll be able to test scalability like no one else, with 100 million monthly active users getting exposure next year to blockchain. TRON and BitTorrent will continue to work on separate projects, while orbiting each other and collaborating on that goal of decentralizing the internet.”
Talking about Kobe Bryant, the professional basketball player who played his entire career with the Los Angeles Lakers of the National Basketball Association (NBA), agreeing to be a part of the niTROn Summit as well as the educational aspect of the Summit, Sun said:
“Kobe graciously agreed to sit down on stage for a fireside chat with me because we both believe in entrepreneurship. niTRon is all about that, and unleashing the creativity of people who feel like they are being locked out of sharing and profiting with their work because big-name companies erect barriers to that content.
We also want niTRon to be about education–focusing on understanding the fundamentals of blockchain, cryptocurrency, and peer-to-peer sharing. Many of our fantastic list of panelists will be speaking to these topics.”
Talking about the recent accelerator program launched by the network, Sun said:
“We think we stand out with our accelerator program because it’s stable, more efficient and has lower fees associated with it. The biggest issue really is educating developers globally–first on ‘why blockchain?’ and second on ‘why TRON?’ That’s why we recently launched the $1 million (USD) TRON Accelerator DApp competition. By giving prizes totaling that $1 million, the developer community gets to… execute their ideas or projects on TRON.”
Sun has always been a true believer in the fairness of technology and its distributed nature. His beliefs resonate with TRON’s idea of decentralizing the internet. Sun had generously donated 3 million USD to the Binance Charity Foundation in order to contribute to the betterment of the crypto community better. Together, TRON and BCF have raised 10,000 USD in charity! In his own words:
“Blockchain is a collaborative environment; it needs nurturing. We were thankfully in a good position financially to serve as an example to others that long-term thinking and support is what’s needed to boost the industry in general.”
The network is quite supportive of regulations. It aspires to serve as an example for people to look up to when they look for constructive ways to respond to regulations. On regulations, Sun said:
“We are operating under the assumption that regulation will come to the industry in many places. In many ways, it will be necessary to legitimize the market and separate good practices from bad. We recently hired a chief compliance officer to make sure we’re always a good partner with our community and with governments.”
With the year coming to an end, TRON is sitting in a comfortable position in the crypto industry at the 10th rank in terms of total market cap. In 2019, the community expects it to reach the top five.