Former BitTorrent Exec: BTT Integration May Melt Tron (TRX)
Tron Announces BitTorrent Token (BTT)
Last week, as covered extensively by Ethereum World News, Tron (TRX), the leading blockchain startup headed by marketing guru Justin Sun, revealed that a company it is directly affiliated with would be launching the BTT token via Binance Launchpad. TRC-10 BTT, the token that pertains to peer-to-peer file sharing system BitTorrent, was explained to be a way to support a decentralized internet.
A company release touted BTT as a way to empower content creators, as BitTorrent allows common Joes to gain access to content distribution tools and other key features. The release also claimed that BTT will first be implemented into µTorrent Classic, a popular Windows client for consumers worldwide.
While this announcement was nebulous at best, especially surrounding the Tron-based tokens use case, a whitepaper, rife with buzzwords, attempted to clear the air surrounding BitTorrents in-house digital asset. An announcement on the matter read that BTT would create a token-based economy around the usage of networking, bandwidth, and storage. Per reports from Breaker Magazine, an up-and-coming crypto outlet backed by SingularDTV, Trons very own Justin Sun, formerly of Ripple Labs, noted that the BitTorrent token would be something that would enable blockchain mass adoption.
Although Sun may be talking up a storm, so to speak, in an exclusive interview with Breaker, a former BitTorrent c-suite member has claimed that the Tron implementation might not go too well.
We spoke with a former BitTorrent executive about @TronFoundation CEO Justin Sun. According to the exec, theres little reason to believe TRONs claims about BitTorrent Token, or anything else.https://t.co/OklyYj1fLU @davidzmorris pic.twitter.com/X6SJBo57TU
— BREAKER (@BreakerMag) January 11, 2019
Breaker journalists purportedly reached out to Justin Knoll, the current leader of the Tron/BitTorrent collaborative project, but received no response. So, the outlet reached out to Simon Morris, who purportedly spent nearly a decade at the company as chief of strategy. And interestingly, Morris, who was once tasked with exploring the potential of blockchain and cryptocurrency responded back.
Morris stated that BitTorrents foray(ish) into crypto was a byproduct of the crypto bubble [that was] going on, noting that the firms higher-ups were saying that they should join in. Morris noted that ...Read full story on Ethereum World News