Tron is just an overhyped marketing machine and a massive cash grab. Now they're using the money to buy some real world assets to consolidate their image in the distributed/decentralized world. Their strategy works, what can I say. As far as the product itself, just take a look at their website (https://tron.network/index?lng=en) under the DApps section, they just list some mockups with dead urls or no additional info...a joke really for a project worth several billions in market cap.
Taking a look at their repository (https://github.com/tronprotocol/java-tron) there is no sign of a virtual machine that's supposed to run smart contracts, however they do attempt to create some kind of documentation for it (http://wiki.tron.network/en/latest/TRON_Virtual_Machine.html)
Seriosly, it's frightening how this project managed to raise so much money from thin air.
Key difference: dot-com bubble followed successes like Yahoo, Amazon, Hotmail. What are the crypto equivalent of the Yahoos that have a material product and user-base?
I'm thrilled to participate in building something that won't be government controlled. It's the same excitement I had when the web wasn't Facebook and Google.
Believing is good, proving is better. Every time I hear this kind of comment I've never once found a person that could give me concrete proof or simple explanations of how any of this is being "successful". I'm not trying to be a skeptic, it's just the easiest position given the situation.
AFAIK Ripple-the-software has very little to do with crypto. It’s a centralized system to move fiat and only the super tiny fee it charges banks are paid using XRP — and that too is optional.
Chuckecheese tokens have more widespread usage than XRP.
Distributed doesn’t necessarily mean “decentralized”. I can have a distributed database stored across 5 servers. It wouldn’t mean my database is “decentralized.”
Ripple (the protocol) has been tested and presumably is still tested by money transfer firms and banks for evaluation purposes but not used in production.
And Ripple the protocol != XRP which is kind of funny with the ridiculous valuation of XRP. XRP is a pregen (shit)coin which banks would be loathe to use.
I never said Ripple == XRP. In fact, I meant Ripple the company.
I am not going to make a comment about coin valuations - that is a different discussion.
You were looking for an example where something useful that creates real value for customers was created. I simply gave you an example of something that does.
Well you did write Ripple and XRP so you can see how one could be confused. :)
When/if financial institutions start using Ripple the protocol for real then I will agree that it creates a real value for customers.
If I order an eval kit for the latest RPi clone and I do not use it after a week of evaluation it is debatable whether the kit created a real value for me.
Tron VM has a beta release out, but it's not a priority currently.
They're working on building and stabilizing the blockchain first. Dapp partnerships are coming but you cant have people commit to building on a nonexistant blockchain ;)
All the most used dapps are games and distributed exchanges for coins. Distributed exchanges do not justify the existence of these coins (which are meant to power distributed apps not just be tokens for speculation). The games don't need to be dapps they are just novelties.
Find me a dapp that isn't one of those two things with appreciable usage and I'll be impressed.
I'm well informed already about these things. Note that neither of them have significant adoption.
Security tokens are a Bad idea.
Dai is basically only useful for speculating on cryptocurrencies and so I dismiss it like I dismiss exchange dapps. This whole industry can't be built on speculating on the value of nonces.
Why could not you have both ? No one said that you need Securities transactions to be irreversible. STO can bring more liquidity to property assets and simplify dramatically otherwise complex financial operation (title emission, splitting of subsidiaries and so on).
I do hate the point that talks about adoption when we are talking of a technology that has less than 5 years of age (Ethereum for that matter). I hear it a lot and I cannot stop myself to think that this is the same kind of reasoning could have been use again Amazon in 1996 (Bookstore are a small business and Internet has no adoption)
Stable coins are a terrible idea that one day people will realize as such. The economics of a stable coin make no sense. All it takes for it to be totally useless is just enough people to refuse to accept it or the market crashing to the point where trade volume is so low you can never cash out. Just because there is 1 for 1 fiat backing, doesn’t mean you can actually claim your money.
I’ve been at BEF the last couple of days and http://www.dapp.com is exhibiting. They are launching a service to help promote these kinds of decentralized apps.
Might be a bit too early. Don’t know if the market is even close to ready.
Ensuring the integrity of your distributed application by running the same code on every node in the network is a fundamentally bad idea. It only makes sense in zero trust, monetary applications like Bitcoin and Ethereum itself - or speculative tokens built on top of them.
> It only makes sense in zero trust, monetary applications like Bitcoin and Ethereum itself - or speculative tokens built on top of them.
Which only make sense in a very narrow "technically correct" kind of way. From a larger perspective they still don't make sense. Pissing away small countries worth of electricity to validate an incredibly small number of transactions is a horrible idea.
...And that is just one of the deep, fundamental flaws in blockchain-based currency.
The duplicated code can be as simple as a few cryptographic operations for each broadcasted transaction. This can easily scale to tens of thousands of nodes and transactions per hour without requiring significant computing resources over the baseline of running a high bandwidth internet node.
When the consistency algorithm is proof of work chains, or when the proof of work is used to control the scarcity and disbursement of the valuable token, only then you have the whole "world turning into fucking Mordor" problem.
No connection to the actual world outside of the blockchain.
So mostly they are gambling apps (with source of randomness the blockchain itself), exchanges, or artificially scarce "collectibles" (like cryptokitties).
Seriosly, it's frightening how this project managed to raise so much money from thin air.