Justin Sun appears to have some kind of Ethereum fetish as he keeps comparing his project to the brainchild of Vitalik Buterin. In spite of notorious Ethereum problems with transaction speed and scalability issues, it still dominates the dApp market. At least the legit part of the market. Eos and Tron do seem to have a lot of going on on their blockchains but most of the projects launched are either outright scams or pretty shady gambling games.
That objective state of facts doesn’t hamper Sun’s inclinations to include Ethereum in his tweets. This time he basically openly declared war to Ethereum by inviting projects that run their blockchain to migrate to Tron.
In bear market, #Ethereum developers should migrate your token to #TRON immediately. 1. 0 transaction fee, no gas in #TRX. 2. Compatible to #ETH, 0 migration cost. 3. 2000 TPS. 4. #TRON dex listing. You can easily increase your token value 100% with High liquidity. $TRX
— Justin Sun (@justinsuntron) November 26, 2018
Despite his efforts, there has been no recorded case of dApp steering away from Ethereum in favor of Tron. There were couple of migrations to VeChain and Stellar, but no departure of Ethereum for Tron.
It is also questionable if his statement is true, since there are known issues EOS, also a dPos system like Tron, had with hidden costs for developers in form of having to buy RAM and CPU to run the dApp. This issue was pointed out by one Tron holder:
Justin Sun seemed to be a marketing wizzard back in the bull days of crypto. Now he just looks like a broken record with only one track that he keeps spinning, without considering what his community or other crypto fans tell him.
He should file a patent for his signature move: “announcing the announcement”. In former, dizzying bull days it was a trump card which propelled Tronix, at the time, an empty project with nothing but whitepaper to show for, to the top 15 ranking on coinmarketcap.
As time passes by and bear’s firm grip of crypto markets squeezed the drunken optimism out of the investors, pulling the same trick out of your sleeve doesn’t cut it anymore.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com