Bitcoin Forum

Criticism of Bitcoin (BTC) by big business is misplaced, blockchain developer network TRON’s CEO Justin Sun told CNBC in an interview on March 13.

Speaking to the network about the general state of the cryptocurrency markets, Sun, who is also CEO of BitTorrent after the company bought the file sharing network in June 2018, said their appeal to the younger generation remained unchanged by the current bear market.

“Even if Warren Buffett, he dislikes Bitcoin, but still I think this is a very good opportunity for the younger generation,” he said. Sun added:

    “I think Bitcoin is a technology rather than business opportunities.”

Sun offered examples of Bitcoin scaling solutions, principally the Lightning Network, as proof of the largest cryptocurrency’s ability to reshape internet evolution.

“I think we are facing the next wave of the internet,” he summarized.

As Cointelegraph reported, previously vocal opponents of Bitcoin, notably JPMorgan CEO Jamie Dimon in addition to Buffett, have appeared to grow weary of lambasting the crypto in recent times.

Last month, JPMorgan caused a stir when it unveiled a form of an in-house digital token it dubbed JPM Coin for various interbank procedures.

Sun meanwhile only briefly strayed from Bitcoin commentary to TRON, saying he was little involved in the market cap and price of the platform’s TRX token. At press time, TRX was the tenth-largest cryptocurrency with a market cap of around $1.52 billion.


Reference: https://cointelegraph.com/news/bitcoin-is-a-technology-not-a-business-opportunity-tron-ceo-tells-mainstream-media

TRON by having a CEO is just a business.. not a technology

a technology offers many oppertunities to many businesses, innovators and industries

a business just offers itslf and its customers something.
in my view TRON is the one that has limited itself

Every technology is used for business opportunities, only Tesla was a person who didn't care about it and was keeping inventing a lot of beneficial things just for science. Yeah, bitcoin is a technology, an innovative payment method and currency at the same time but it's an ideal opportunity for financial gains. Imagine there is demand on bitcoin payment and others in your industry don't implement it for silly reasons, you implement it and attract new customers. Everything has value and you offer another currency and payment method so yeah, it's 100% business opportunity.

+1.

Tron is without a doubt a business, they're not a coin that's ever going to be used. The founders of the coin (and the initial investors) are only here to push their coin up in price, and sadly that's whats going to happen in the next bullrun (whenever that comes), and then the founders are going to sell at a certain point when they've made 'enough' money out of this.

That's how these shitcoins work, and that's how they're going to continue to work.

I'd disregard all of their bullshit partnerships, that's just a way of trying to get people to think that their is adoption on their coin. Focus on BITCOIN.

More likely than not, Justin Sun always sounds narcissist by claiming that his token is all good even it's not.
Obviously, tron is nothing but a business, just look at what he did on BitTorrent along with CZ of Binance, they keep hyping their token at all cost even they look desperate.

And now I'm waiting for Vitalik to rebut this, lmao.

Bitcoin is the only opportunity of reduce the demonetization issue. Because USA also facing the demonetization problem so Bitcoin is the only way to improve the economic development and market growth. It is a technology and this will make huge business in entire world so most of industries and organisations are adopting the Bitcoin. I think we never consider the others criticism because no one is know the satashi nakamoto and this technology.

Tron is an much expected platform. In recent days it's been showing signs of decline in value. With bitcoin as well through the blockchain technology there were more business opportunities and for the same bitcoin too needs to be viewed on business perspective. Tron CEO have taken it in such a way and they're in the urge to explore the opportunities at the earliest and get back the best out of the same. As a part the recent bittorrent integration to the tron network might have been done making a big revenue in a short launching through Binance launchpad. In this business and technology are mutually interlinked through bitcoin.

Bitcoin is both a technology and a business opportunity. I have people who trade only bitcoin as a full-time career, they buy with a difference in local exchange rate through the power of barging, and they make a profit by selling at a higher exchange rate in another platform. A banker here is about to resign from his job because he makes much money trading bitcoin. Bitcoin is a technology as well as a business opportunity. It combines technology with economic reward, what you say of miners who get rewarded with block rewards? 

literary a business.
let's not forget that they are only interested in making millions out of thin air and have been planning long term with their crappy project. they bought up one of the biggest "names" on the internet called "Bittorrent" which has nothing to do with their project or cryptocurrencies or anything remotely related, then used it this year to raise millions in a scam ICO...

He says, “I think we are facing the next wave of the internet” and I say, Bitcoin is the Internet of Money.  ;)   People can utilize the strong security of direct Bitcoin transfers over the Internet as a safer payment option for ecommerce. They can capitalize on the smaller transaction fees for micro transactions with the help of the Lightning Network.  ;)

Bitcoin might not be a business opportunity, but it surely improved the way that we do business over the Internet.  ;)

There is a difference between bitcoin and all other subcoins. Bitcoin was created to reveal technology and to make a difference. At first glance it was an experiment and we can say it was successful.

But all other coins have been unearthed for the purpose of "just making profit." Therefore, it should not be underestimated speculation. The CEO of the LTC sold out all the LTCs in a single day. It was very troubled as decentralized. But I must say that LTC is currently more decentralized than it was at this time.

Nowadays, the GRIN coin's developer is trying to act like Satoshi. He's hiding and he's not revealing his identity. But there's something he forgot. He also uses the technology of the blockchain created by Satoshi. ;)

I don't even want to talk about TRON :) They are playing with people well. Their all purpose is speculation.

You got it mate,ofcourse whats Justin Sun said will have an impact to he’s coin and isn’t it obvious?someone from altcoin will bring such words towards the famous and number one coin Bitcoin?no wonder why he said this just to bring favorable to Tron

Bitcoin is the safest investment, when it starts to move all the altcoins bleed. Only now it is alt season so go with alts now, but you will see what happens a few months down the line

Can you say the same thing if you bought at the top? Pretty sure you won't be able to do that. Any cryptocurrency is a high risk investment, in fact it was not intended as an investment in the first place, but because the nature of Bitcoin (and speculations for other cryptocurrencies) many people started to buy them as an investment.

I think Justin Sun has a point there, though I don't really believe in this guy. However, if he mean by not a business opportunity is that Bitcoin is not suitable for business as a medium of payment, then we should disagree. So far, he's very successful on hyping all of his project. That's the power of marketing + if there's too much speculators and moon boys in crypto.

Truly, the Bitcoin is a technology that just become known as another business opportunities as the days goes by. But we can see that every business opportunities that arises nowadays are all from the womb of technologies, as we all in the days and new era where technology runs almost everything around us.

To my own point of view I think any successful technology will eventually turn into business opportunity ,even tron is more like business to me and many other coins and tokens too ,speculations here and there ,its what they care about just to make people buy there tokens

I don't really think Bitcoin is really much of a technology, but instead blockchain as a whole is technology, Since it's quite hard to build smart contracts, or anything off bitcoin (except hard forks of it), there are a lot of other options of other blockchains to fit the occasion, like ETH, EOS, TRON to name a few.

Justin is more of a marketing guy, who's great with hyping and promotion his productions more then being a very technical guy.

Bitcoin is a technology and as such it is opening us many business opportunities on the horizon for people who are willing to exploit them for their own personal enrichment but we just have to be careful as an opportunity can turn out to be a disaster if things will not be working for on our side -- and this is quite true with anything in life. Maybe what should be needed is that shift of focus away from the heavy speculations which inundated this technology especially in 2017-2018 which later on resulted into many negative experiences by many people who assumed that Bitcoin price will not anymore go down.

oh no that means next month we lose another 2.5 million community users in bitcointalk....

He is right, but since bitcoin is promoted as an investment that's how people are going to recognize it in their minds and also promote it further. What do you see everywhere you see the word bitcoin? You will see words like profits, investment, quick money and more like that. Another problem is that people can't use this technology in their everyday life so they are redirected to use it as an investment.

I agree with him.

However, even if something is only a technology you can still make money out of it even when i know that he is saying it because he wants to point out that fact to the people.

The benefits it can bring to the future are a lot higher and diverse than only the monetary benefit for the investors.

in the long run technologies dont succeed:

1. no one care about first ever certified paper money bill today

2. no one cares about first ever minted coin

will besame with bitcoin

For me, Blockchain is a technology, and bitcoin is a product of blockchain. I don't know why, but that is what I only think right now. With blockchain, people can create many things including to create a new way of the transaction, and we know that they are create something to give value for the people and they release a new tokens/coins.

I believe that people understand what you are saying, they know bitcoin is just a product from the blockchain, everything is new technology but the fluctuations and rumors, pumping and dumping the value of bitcoin, this seems to be telling us that Bitcoin's mission is not just a technology, it has an opportunity, a place to invest. And even if many people try to deny and not accept this fact, it is still true, people no longer consider bitcoin as a technology, what they think about bitcoin is an investment tool and make money

Bitcoin is money, blockchain is a technology.
Interesting to see how the CEO of the project that is supposed to make decentralized Internet is basically giving all the credit to Bitcoin Lightning Network. Why do we need TRON, in his opinion, then?  :D
Unfortunately, they are not tired of making life hard for the crypto market and crypto businesses. They want to stay in the game and possibly profit from the technology while causing as much damage as possible to actual decentralized cryptocurrencies. They want to compete, but they are incapable of doing it, even though they're very influential.

Regardless of what Justin Sun has to say about Bitcoin (which, in all honesty, I couldn't care less about his view on BTC), I wonder how much he had to pay so that CNBC can promote his centralized shitcoin  ???

"profits, investment, quick money"...Where do you see those words? Those are the kind of words that I hear mostly from newcomers, you know, people who have no idea that Bitcoin actually has an use-case rather than being just a way to "get rich quick".

Of course SUN is right on this ! This is majorly one of the problems we are facing now in the crypto space. A lot of these coin are portrayed as business which is why people are always bothered about their price  everytime and they owners  keep hyping with different news and stories just to sustain the price. That’s why usecases are still limited because it was never presented as a technology that it’s supposed to be.

Comparison of bitcoin with the Internet is the most correct, I believe. At first the Internet was also not so famous, but now we cant imagine life without it. I think that with bitcoin will be same.

Fact is that yes Bitcoin is a technology but it has been capitalized and that therefore brings tge business aspect into it. People now see it more of a business opportunity other than the working tech and that has made people still not get the actual meaning. Anyway i sometimes blame the media and their somewhat "useless" misguided information.

CEO on decentralized platforms?funny.  So what happens to the platforms if the CEO is captured and forced to make  harmful changes to his blockchain? Would his subordinates coporate?
CEO is an abomination to Blockchain.
He made good points though.