Bitcoin Forum

Telegram finally announced (https://www.coincurb.com/news/sec-restrictions-forced-telegram-to-shutdown-its-1-7-billion-ton-project/) to stop its TON and Gram initiative. The firm has abandoned the project as SEC imposed regulatory restrictions. However, an independent group of developers has stated that they would work to create a Free TON network. But will Third-party project be safe?

As long as the code can be audited before it will be massively used by public and we can sure if that TON free blockchain will be a safe blockchain to be used by everyone.

We need a trusted party to audit the code at least some people who expert on it.

I wonder why you call them "Third-party". 
I guess they are part of the centralized telegram community that participated in crowdfunding and development of crypto-based telegram. Maybe they decided to let the typical government regulate the centralized telegram while they focus on building a fully decentralized one that will be free from centralized regulation?

It doesn't matter at all, the TON network will be absolutely useless and valueless if Telegram is not behind the project and Gram, or whatever coin or token they create, can't be used on Telegram.

Too bad they are in the United States and dealing with the SEC, many projects have problems there,
it's better not to participate in the TON, because it is very risky

actually it is a good step they keep trying to revive this project, it's just a bit risky, especially as far as I am TON has no affiliation with Telegram anymore and because of that I became doubtful about their decision.

Is it possible to move the projects somewhere else and not deal with SEC? Why would even Durov decided to make it ob the US territory? He obviously knew there will be lots of problems.

And who will fund these third parties? Does Durov intends to raise another sum for them or what?

Telegram team has insisted on this for a very long time. However, it was obvious that TON would come to this point after the SEC intervention. Instead of insisting on this, it would be appropriate for them to support a different network. Thus, they would have had the chance to complete what they thought and both got rid of legal restrictions.

As a result, as mentioned in the topic, independent developers can try to implement their ideas. We will see the issue of safety when everything comes up. However, it should not be expected that the upcoming project will catch the same hype as the idea that Telegram offers.

We know that the US market share is very attractive to investors, maybe that is a consideration, but the fact that is not in line with the SEC has stopped the Durov project

I read and found this

TON Labs chief technology officer Mitya Goroshevsky.  

Source: https://www.okex.com/academy/en/telegrams-ton-is-over-the-full-saga-behind-the-failed-blockchain-project (https://www.okex.com/academy/en/telegrams-ton-is-over-the-full-saga-behind-the-failed-blockchain-project)

It could be the strategy or new move from the same telegram team or developers, i think now they will launch this project anonymously and register it at some small country or place as an offshore company so that they can get rid of the SEC jurisdiction, i think project should continue and i will support this move from the developers.

Who is the third party? Was it part of the TON team or community before this project is stopped by Telegram?
TON has become a hot discussion currently because this is a big project that many people are waiting for. Unfortunately, Telegram gives up and stopped this blockchain project. Consequently, many investors are disappointed with this.
If the plan of the third party will save and create Free TON, will it be the same as the basic purpose of the TON by Telegram? Or will it be different?
I do not know about the third party so that it is difficult to say that it will be safe or not. if we know who they are and what is the relation to the TON, we may need to search it more and believe in this.

The question is will Telegram allow this third party to created a supposedly Free TON network?  Can you post the link as well as where you get the news that there are group of developers interested about creating it? Maybe this supposedly third party as somewhat related to Telegram themselves, or possible that Telegram hired them to create for them so that they can deflect the attention the getting from the US authorities.

I am curious enough if it's okay with Telegram to use their project that suspended? For sure, these groups of developers has authorized by Telegram. The difficulty here is what if, these groups of developers are also connected with Telegram? Do they just want to cut the connection of Telegram to the TON cryptocurrency?
Read more about the issue here: Telegram Drops TON Cryptocurrency Project After US Prohibits Global Distribution (https://news.bitcoin.com/telegram-ton-cryptocurrency/)

I don't think Involvement of telegram developers on a project that was pursued by telegram is a bad thing. It's not the people who wanted to exclude telegram of TON. It was the Securities and Exchanges Commission which is forcing Telegram to not get involved in it. It's more of a legal issue that telegram is not involved not and ethical one.

Agree, it is best to stay away from projects created in the US because all will fail. The SEC will not accept any projects created, if we invest in them we will definitely lose money

Telegram's TON project was another casualty of the SEC intervention, By the way, if other third-party developers want to continue the TON project the developer should be transparent and have proven credibility because who knows it will be another form of scam that waiting to happen in due time. we need to be sure if those so-called developers are legitimate for the sake of future investors.

When TON is deployed by a third party, does it get the attention of the community, is it Telegram's effort to save TON by letting the third party develop TON to avoid problems?

The main advantage of TON could be its integration into Telegram. Therefore, no matter what an independent development team creates, it will not have the same advantage as a closed Durov project. It's the same thing, how to create a Libra without the participation of Facebook.

About the raised fund ton have is there any plan to give it back to those investors. I just heard that they ICO receive a large from investors are they going to stop the project and return the money to all ?

And for the third party what will be the use of ton if the owner doesn't have plan to launch it. Unless third party want to adopt it and plan to create new demand in TON coins.

I am not sure if TON has a third party, TON is indeed from a large company, yup Telegram,
but they fail to legalize, I am not sure they can be safe

This is the right way to go, i always thought that there is always a way out when your intentions are good and you have the right passion to prove your worth  to the world. I am happy that atleast the project will continue in one way or the other.

I did not really follow about this project, but what needs to be regretted is why this project stopped? is it not going well or there is no good management management in it

Yes, it is certainly bad that the project refused further development.  Because the company has a prospect, this is a potentially successful project.  The platform is very convenient and with a large number of users.  I am very interested in what will happen next and how the fate of this coin will turn out, good luck to an independent development group.

Then they're going to feel the wrath of the SEC instead of Telegram then.

You always get third party firms trying to steal the thunder and work of other people, however, it usually ends up going wrong because they dont. have the technical expertise or manpower necessary to make Telegram open Network.

Expect this fork to flop big time.

What do you mean by "safe"? It will be a (shit)coin/blockchain like any other out there, it will be open source and people will verify that it doesn't contain something malicious. Will it be good? Probably no, every newly launched coin makes a lot of mistakes, and TON itself is nothing revolutionary, it shares similarities with Libra, ETH, TRON, etc. It's time to stop hyping new coins, because it's precisely their goal, instead give them time to prove themselves.

I knew this is what would happen at last since the platform has been built there is an incentive for some one to just fork the code and start working on the project.

I think greediness and arrogance on the part of Telegram team kill the project, let us wait and see how the distribution would be.

I agree, whether they used its name but developed by other companies if we don't see some promotions from telegram it'll be futile to invest in it. it'll be an ultimate gamble which will likely have a higher chance of losing than winning. I mean, whos gonna buy it if they don't see the benefits that they read in the roadmap anymore. There will be some confusion and I think this not gonna work at all.

I am sure that there will be lots of third parties claiming that they are launching TON. But being third party completely negates the trust that goes with launching from a trusted name. Both Libra and TON are getting lot of resistance because the SEC is saying they are a Security. The only way around that is by following the same development model as coins that are not securities like Bitcoin and Ethereum and that would negate the level of control that both Telegram and Facebook want over their projects.

I don't think if this project is running by thrid party will run well since being runned buy its team this project is not develop even they refused to continue developing this project. I just curious the problem TON's developer until they were decided to abandone the project whilst if I see in their whitepaper this project will be successful because its anynomous for payment system. I just hoping the developer of TON project will come back and rebuild its project again.

Ideally, it would be great if the project was based on open source. But even without this, the project does not necessarily have to be based on open code, it will be great if the position of the head is occupied by no less significant figure than Pavel Durov.

This project will be a opensource project because it will be launched for free by the community. this project will be totally open source and it will be same as another public blockchain.
I thought that you should not feel worried about that dude and it's clearly stated by the dev who will launch that blockchain.

SEC was the reason of many worth projects to shut down. I have heard somewhere they also were a reason for Enigma to shut down. It actually makes me really sad that SEC negatively affect crypto space.

You should add a small not those projects that have alreadt shutdown by SEC was not following the regulation that already applied for US citizens.
Blockstack was getting approved by SEC and that's running perfectly. If the project was no following all of conditions that already ruled by SEC and it will be actually get shutdown