Vitalik calls Tron a scam in interview

[BeruchN]

“There’s projects that never had a soul, that are just like, ra-ra, price go up,” he flaps his long hands, “Lambo[rghini], vrromm, buybuybuy now!” Then he blurts, “I’ll just say it, Tron is a scam”, breaking the tension by laughing uproariously. Tron is a token whose market valuation hit $17bn without any discernible product.

http://www.cryptoscoop.io/2018/04/ethereums-vitalik-buterin-on-the-bitcoin-bubble-and-running-a-125bn-blockchain/

Thoughts this was interesting to read and I love Vitalik's attitude of being so direct.

What do you think? Thoughts? Comments?

[ICO Lancer]

Not sure if necessarily a scam but it's definitely overhyped and I've heard their code isn't the best either, so.

[kingzpro]

I think he is trying to be a bit harsh, most of the projects are still under development so you cannot call them scam, i think he is dealing rudely with tron just because they were comparing tron with eth and were trying to prove that tron is superior as compared to eth, lets wait and see what services tron will come up in the future.

[manlyxman]

I think he is trying to be a bit harsh, most of the projects are still under development so you cannot call them scam, i think he is dealing rudely with tron just because they were comparing tron with eth and were trying to prove that tron is superior as compared to eth, lets wait and see what services tron will come up in the future.

Yeah he really seems to be protective of eth

Which is understandable, and no doubt he is very smart, but he can sometimes be emotional. And even though we'll see if tron really is a scam, so far, I'm still not really supporting it

[Xioma]

I think he is trying to be a bit harsh, most of the projects are still under development so you cannot call them scam, i think he is dealing rudely with tron just because they were comparing tron with eth and were trying to prove that tron is superior as compared to eth, lets wait and see what services tron will come up in the future.

Yeah he really seems to be protective of eth

Which is understandable, and no doubt he is very smart, but he can sometimes be emotional. And even though we'll see if tron really is a scam, so far, I'm still not really supporting it

Also Vitalik makes mistakes sometimes too.

We'll see if it's really a scam or not for sure in the future though.

[LittlePiranya]

Don't know how to react on this information. Tron on a hype right now, but that doesn't mean that it isn't a scam. i believe Vitalik on this one

[bucksman5233]

I don't know if it's from a legit source or not but tron is not a scam. They have their own blockchain now. Their team has over 30 members. But still it is just a white paper project and not a fully functional one.

[bhadz]

Don't know how to react on this information. Tron on a hype right now, but that doesn't mean that it isn't a scam. i believe Vitalik on this one

Not only now but most of the time when Tron was still new, it keeps on being hyped with these useless partnerships. It's all vocal but there's no application and real use-case of Tron.
I assume that he is also annoyed with those partnership and the way Justin is marketing that coin.
Many newbies are buying that partnership thing and as part of the community, who you will believe? we all know Vitalik is a genius and he's more believable.

[fempat]

What else do you call an idea that lives on a paper even after it has received months of funding? No MVP. nothing.  Only hype. Tell me,  why should it not be labelled a scam?

[Lakai01]

Wasn't it TRON were most of the whitepaper was copied from another ICO?
Anyways, no working product, no roadmap, nothing. TRON only lives on hype which is very dangerous in my opinion.

[FrueGreads]

I think calling it a scam is probably to much. I agree with what he said about tron value being just to high because it still doesn't really have a product, but that is true for many other altcoins out there. I mean, EOS or maybe Cardano are not that different in my opinion. Tron price is probably hyped, but it's to soon to call it a scam.

[renes]

I don't know whether it is scam or not, it is not probably scam it cannot be anymore but I agree with vitalik on that it have really no soul such projects are gambling for the long term.

[senin]

Recently, Tron is very often compared with ethereum, so Vitalik thus tries to protect his creation. Tron, of course, is not a fraud, and every coin has flaws. The Tron is certainly not perfect, but it is still developing. It will take some time to give an objective assessment of this coin.

[2fresh]

“There’s projects that never had a soul, that are just like, ra-ra, price go up,” he flaps his long hands, “Lambo[rghini], vrromm, buybuybuy now!” Then he blurts, “I’ll just say it, Tron is a scam”, breaking the tension by laughing uproariously. Tron is a token whose market valuation hit $17bn without any discernible product.

http://www.cryptoscoop.io/2018/04/ethereums-vitalik-buterin-on-the-bitcoin-bubble-and-running-a-125bn-blockchain/

Thoughts this was interesting to read and I love Vitalik's attitude of being so direct.

What do you think? Thoughts? Comments?

The vibe I get from tron is pump and dump to be honest :/
Starting to like Vitalik more and more.

[haroldtee]

There are so many of them, and obviously almost huge number of altcoins do not have real life product and they are just pretty much hyped, which makes them an easy target for pump and dump. Just very few coins have products you can at least confidently say would bring about huge demand and make impact, but those like Tron? It is just the lambo movement that is involved; typically P & D. Where is the future in such? and that makes me agree to such coins or tokens not just being scam but shitty!

[neatworld]

I still have serious doubts about Tron, and I highly dislike Justin Sun's way of doing things but:

1)Justin Sun just bought BitTorrent - which kind of fits in really well with Tron's entertainement-focused decentralisation ethos

2) He has the ear of Jack Ma, who is just one of the most respected entrepreneurs out there

3) By extension (and I say this with limited knowledge, by chatting with close contacts of mine based in China and also into crypto. Fully open to additional opinion here) - he has a really good reputation in China which can make a huge impact on prices.

I will never be excited about TRON the way I am about Zilliqa or NEO but I still hedge my bets by holding a little bit because I do expect it to fly.

Also, Buterin has a history of trashing other competitors (EOS) and even his own coin ('ethereum could hit near zero') so I would do more research into what he really did say in case it was taken out of context or just blabbed out at the spur of the moment.

[nakamura12]

Maybe he had his own reasons behind that and that might be protecting his creation, be more successful, and being competitive. It is a great waste if your work will only go to waste. Comparing the two coins might be disadvantages to him that may look like tron outshine ethereum or something like that.

[spiker777]

Tron have just bought their way to the front, they're not really a viable alternative to other smart contracting platforms. If you really think about it, you don't need any other cryptocurrencies other than Ethereum, yes there are a few that offer some modifications to the consensus algorithm that make transactions faster, or increases the network capacity by some irrelevant figure.

I think Vitalik is right, though technically they're not an outright scam, they are providing false representations of what their platform is capable of, and have proven very little of it. Ethereum came around, and has demonstrably changed the industry for the better, all these pretenders coming along are just one fork away from being obsolete, sharding, off-chain, side-chains none of it matters, as all can be integrated into the ETH protocol if necessary.

[webtricks]

“There’s projects that never had a soul, that are just like, ra-ra, price go up,” he flaps his long hands, “Lambo[rghini], vrromm, buybuybuy now!” Then he blurts, “I’ll just say it, Tron is a scam”, breaking the tension by laughing uproariously. Tron is a token whose market valuation hit $17bn without any discernible product.

http://www.cryptoscoop.io/2018/04/ethereums-vitalik-buterin-on-the-bitcoin-bubble-and-running-a-125bn-blockchain/

Thoughts this was interesting to read and I love Vitalik's attitude of being so direct.

What do you think? Thoughts? Comments?

Vitalik is one of my favorite person in crypto world. I love to read his Tweets, fearless speaker and a person who really cares about cryptocurrencies and their survival as utility than as investment. Now coming to TRON, every word of Vitalik is truth. Tron is nothing but an excessively aggressively promoted coin. Dev of the coin always try to make pump from opportunities, he was never a serious guy! For example, game called Crypto Kitties went viral few months back, he tried to make pump from opportunity and announced similar game involving Dogs using TRX, God knows if that game ever released. I have written about my experience with TRON few week ago, quoted below:

I am interested in opinions. I believe it could go up 50 percent regardless of market conditions!
I am not fond of the coin but I see an opportunity!

I am following TRON from last 6 months, I bought for the first time @ 250 sats and there after hundred of times at different prices (selling high, buying low). I even hold when it was 2K sats, I even saw it falling 70%. In my views, TRON is over-ambitious project especially the statements made by DEV aren't sensible enough that a leader of any project should make. Most of the time, he is just making unwanted buzz to pump coin. Currently it is near 950 sats, based on my previous experiences with TRON, I can say most of the times it doesn't show expected rise from such news, only thing which could help it grow is whale driving price. 

[krinvat77]

It's just his opinion. I disagree with him, and not just because I have a little Tron.