In TRON we Trust. But Should we?
First Post everyone. So I request both slack and criticism. I am not sure of proper accreditation notation. So I linked references.
I'm a TRON / $TRX guy. I think that Justin Sun has a fantastic vision. And from what I've read, he can get it done. Here's the problem.
Almost every one of his big "Partnerships" are not really that big of a deal. Especially when you consider the fact that he is the founder of a good portion of them.
Please consider the following. But remember, I still have a large percentage of my (pretty meaningless) portfolio, caught up in TRON...
The partnerships that Justin is touting:
UPLIVE - The first thing you notice when you begin looking into UpLive is their affiliation with…
Gifto- Another Crypto, In Pre-ICO stage. I am not an expert. So if my terminology is wrong, I apologize. As far as I can tell, it didn’t exist prior to December 2017.
(http://icocoins.io/event/gifto/)
Weidai – As best as I can tell, WeiDai is both a Chinese Hacker,
and a “… peer-to-peer lending service that uses vehicles as collateral” (https://www.crunchbase.com/organization/weidai)
Respectable enough business… I suppose…
I’ve got to be honest. I am more than a little suspicious of WeiDai’s VP…
(https://www.crunchbase.com/person/sun-group)
Bitmain – This one seems extremely weird to me. Best I can tell, Bitmain is a mining hardware company. Didn’t Justin say that they were moving toward a POS model, rather than a POW model? So…where does Bitmain come in?
Huobi.pro – This is an exchange. Way to go JS! You got listed on an exchange!
Obike – OK, so they DO have a deal now, with a leading Bicycle rental company in Asia. And this is HUGE!
Yeah… Not so much. Obike are also launching their own crypto currency, Ocoins (https://qz.com/1166144/obikes-ocoins-you-could-earn-cryptocurrency-riding-a-bike-in-singapore-next-year/ ).
And to top it off, “… when they do cycle and earn cryptocurrency, Singaporeans can also reward themselves by heading over for refreshment to Ducatus Cafe, which opened last week.
The mode of payment accepted: Ducatus Coins.”
(https://qz.com/1166144/obikes-ocoins-you-could-earn-cryptocurrency-riding-a-bike-in-singapore-next-year/ ).
GAME.COM – Doesn’t exist yet. This is also the creation of Justin Sun
So, this next batch is easy. They are a conglomerate. They all exist because of each other. Think Google Mail, Google Docs, Google Music, etc…
And they all belong to Justin Sun. At least, he is a founder and primary investor.
Peiwo App
Kitty Live
Waka
Yay
GSC
Huobi.pro – This is an exchange. Way to go JS! You got listed on an exchange!
LAST, But not least…
ZAG-S&W
You probably know them better as the legal team of Zysman, Aharoni, Gayer & Co. – International Law Firm. http://www.zag-sw.com/
Probably a pretty good partnership to have.
Just some things to think about as WE continue to HODL on $TRX.
Coins mentioned in post:
tron will get dumped into the abyss
I Hope not. It' s a great concept. But I do NOT like the fact that he owns every collaboration that he has touted as huge accomplishments.
key word concept. no working platform, bad leadership, overvalued market cap. the variables are there for serious rekkage.
That's not really true. He owns all of the collaboration apps/software. So, to say there is no platform is simply not true. The platform is there. He just needs to implement TRON. That's part of what makes it so enticing.
As far as bad leadership, I don't believe this either. His tweets and videos suck. But that is marketing, not leadership. If you don't look at his qualifications and see what he is capable of, that's another story. But to say bad leadership is misleading. He has hired some of the best and brightest, to head the company.
Even if they had a working platform (which they don't), why should it be worth 3+ BILLION? The guy is a great promoter and marketer, but so was Don King. Don't be a sheep buddy. Wish you the best.
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