3/11/2021 Hard Facts With Sources...

Why I hold Tron and Bittorrent : Tronix

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Posted by u/Phrza1981 4 days ago 2 2

Hard Facts With Sources... Why I hold Tron and

Bittorrent
Opinion

Update: moved to bottom of page.

I had all this on a as a comment on another sub but I think its relevant
enough to post as its own.

Ill start with this quote:

"The BSN approach, by contrast, is to build a Chinese advantage in

a space where the U.S. GIVES LITTLE ATTENTION." - 2020

With that said, Justin Sun's network relations is what will drive TRON
and Bittorrent to be apart of the winning crypto group and here's why.

So the other day I got sucked into a rabbit hole researching Justin Sun's
involvement with China's global blockchain initiative and here it is. Its a
long one so I hope everyone makes it through.

NOTE: Highlighted areas are links to sources.

Now, before I get into Tron and Bittorrent, everyone better have
Polkadot, Cosmos and Algorand in your portfolio because China has
partnered with them to assist in building China's Open Permission
blockchain infrastructure. They are also currently a select few cryptos
that are being traded by Chinese retail traders and institutions, hence
the reason you see DOT, ATOM and ALgorand high market price. The
effects of the Chinese markets and institutions in Crypto are
massive!

Now with that said, Heres why I bought and holding BTT and TRON:

First, Tron fundamentally works and have no problems in its

infrastructure and Defi is going great. With that said, Im waiting till
China and the BSN to complete their national blockchain infrastructure
so the Chinese market can open up to trade. As you would expect,
China will have control over its core blockchain for its digital Yen
"Permissioned Blockchain" but will have 30 open portals for other
public/permissionless blockchains to integrate for the Chinese
market and global market This basically opens a wave of fresh Chinese
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3/11/2021 Hard Facts With Sources... Why I hold Tron and Bittorrent : Tronix
market and global market. This basically opens a wave of fresh Chinese
Search
money into the selected and integrated cryptos. China is also keeping a
close eye ranking various projects and Tron has been bouncing
between #2 & #4 spots.

1. Chinese owned Blockchain Based Service Network (BSN) expects

to complete integrations with a total of 30 public blockchains
this year (2021) - Source: Click Here
2. China is tracking and observing 37 cryptos and ranking them -
Source: Click Here
3. Top 5 coins in China tracked by government are: EOS, Ether, Tron,
IOST and Dash - Dot, Cosmos, Algorand and a few others are
already selected due to their involvement in building the core
infrastructure. They have been allowed to be openly traded by
China's retail traders and institutions.
4. Week of Feb 4th, China owned BSN launched the first two open
permissioned blockchains on BSN China powered by Cosmos
interoperable blockchain ecosystem

Justin Sun and Tron are deeply involved in China's blockchain

development giving him access to the elite group of Tech giants, like
Huawei (current partner), Tencent, JD.com, Alibaba, Baidu and Ant
Financial who are leading the development. Justin is also now partnered
with the PRC's NDRC (National Development and Reform Commission)
as direct advisors to the Chinese National Authorities on advancing
China's blockchain technology and promoting.

1. "As one of the top and most representative public chain

projects in China, TRON, led by founder and BitTorrent CEO
Justin Sun, has been steadily receiving more attention from
government agencies and institutions while expanding its global
reach and with whom the NDRC entered a partnership with to
help advance China’s blockchain technologies." - Source: Link
2. Huawei the tech giant partnered and integrated BitTorrent apps
onto their phones and rolled it out to 170 more countries which
will reach another billion potential active users or also known as
Nodes.

Lastly, Tron's deep involvement with the Chineses Government before

the Bittorrent acquisition. During the acquisition, Tron wasn't the
highest bidder for Bittorrent back in 2018, it was actually NEO aka NGC
(Neo Global Capital) who offered $50 million higher in the bid war.
Eventually, Bittorrent accepted Justin Sun's offer due to his plans for
Bittorrent.

Source and Documents said the following:

1 "BitTorrent’s board nonetheless said in the documents that

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3/11/2021 Hard Facts With Sources... Why I hold Tron and Bittorrent : Tronix
1. BitTorrent s board nonetheless said in the documents that
Search NGC’s offer was “not more favorable to the company and its
shareholders” - Source: LINK
2. “Only specific business purposes will be approved by Chinese
government... The process takes months.”
3. "Chinese state is happy for domestic companies to acquire
Western companies if there’s a good reason."

Therefore, Tron won the bid and in comparison, Justin's plans backed
by the Chinese Government was valued more than the extra $50 million
in the eyes of Bittorrent's future in the blockchain space.

With all that said, today you have Justin Sun, Tron, Bittorrent, China's
government, BSN group and tech giants working together on a
blockchain infrastructure that will be a scale of global domonation
(such a cheesy word but its the only proper word)

These are the facts that drives me to believe there is a bigger play for
Tron and Bittorrent in the future and these are the reasons why I grow
my bag of Tron and Bittorrent. I will keep researching as the time goes
by.

PS - Charles Hoskinson, Vailtalk and Satoshi referenced and sought

after Bittorrent as well.

EDIT: On a side note, U.S. finally woke up. As of the week of Feb 28th
2021 the U.S. is now entered the digital currency race with China, per
Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome
Powell. Only problem is, we Americans are WAAAAAAYYYY Behind, by a
decade at the least.

See quote below:

"It is hard not to compare China’s current lead in digital currency

development, shrugged off by American officials until now, to its early
global lead in developing the 5G, or fifth generation, broadband
cellular technology standard." - Source: click here

UPDATE: There is a Tron Hater (Troll) by the name of " -0-O- " who is
trolling any positive Tron post, he has been spotted in other threads. He
has a few comments below being quite negative and throwing
accusations. This post is backed by sources I've found and
summarized for everyone to review. I force no one to share my
views but created this post for you to make your own judgments.

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View discussions in 1 other community

GamingTurtles 4 days ago

Thanks man appreciate the DD

 14   Reply Share Report Save

Baffled-Unicorn 4 days ago

So you’re expecting a huge price increase?

 11   Reply Share Report Save

Phrza1981  4 days ago

Eventually, don’t know when or how much... gotta see how it
plays out.
Tip
 12   Reply Share


Brnd3strctn 4 days ago

Thanks for this. Good post!

 11   Reply Share Report Save

Brownieleaf 3 days ago

View Entire Discussion (122 Comments)

More posts from the Tronix community

Posted by u/-0-O- 2 days ago 2

Farewell Tron subreddit Opinion

I've been a member here for a few years now. For the past year or so I've been
mostly critical of Tron.

The issue is, nobody wants to debate about the technical aspects of Tron.
Instead, they want to verbally attack me and label me as a troll.

These arguments get so ridiculous that twice within the past week different
users have edited their comments and then lied about it, while saying I'm the
one who is lying. I post screenshot proof, and they continue to only insult me,
with one user even claiming that I photoshopped the screenshot.

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Th th f th "h d f t ith " t d bi l lti
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Posted by u/AutoModerator 22 hours ago

Tron Daily - Price Talk and Speculation allowed here

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Posted by u/metacontent 3 days ago

How do I create an NFT on the Tron network. Discussion

The title says it all, I've been looking into how to create NFT's and I've seen
several guides for the Ethereum network, but so far I have been unable to find
any information on how to easily create an NFT on the Tron network.

 9   1 Comment  Share Tip 

Posted by u/TronBoyxc 5 days ago

How does claiming rewards on Justlend.org work?

Where do you see the rewards? And how do you withdraw them?

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Posted by u/AutoModerator 4 days ago

Tron Daily - Price Talk and Speculation allowed here

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Posted by u/AutoModerator 3 days ago

Tron Daily - Price Talk and Speculation allowed here

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Posted by u/lazal2us 5 days ago

Tron Partnerships
So... Tron seems to announce partnerships on a weekly or even sometimes a
daily basis. They have done for years. Partnerships are only worth anything if
they bring value. But it seems that it was mostly to promote hype. Which has
been the most successful and why? Why is having hundreds of partnerships
worthwhile, it must be impossible to deliver on all these...

H t li t f ll th t hi ? Th
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3/11/2021 Hard Facts With Sources... Why I hold Tron and Bittorrent : Tronix
Has anyone got a list of all these partnerships? There must be hundreds...
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It might be easier to produce a list of who Tron has not partnered with... lol

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Posted by u/SeriousGains 3 days ago

What is the risk of staking in the century mining event?

Can someone explain how there is “no risk”? I thought staking in liquidity pools
always comes with risk.

According to the event details posted by the Tron Foundation on medium:

High earnings with no risk! Reward tokens can be traded on all mainstream
exchanges. With 5 types of rewards in 1 go, TRON Century Mining should be a top
choice for TRON earnings.

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Posted by u/pantaloonsss 3 days ago

System for faster transactions for higher fees?

https://twitter.com/pantaloonsss/status/1368741986191224836

Some DApps might benefit from faster transactions, while others can operate
slower. Do you think it'll be worthwhile to implement a system that prioritizes
faster transactions for higher fees?

 2   9 Comments  Share 

Posted by u/duxop 5 days ago

i got a BAL on TronWallet

can i withdraw them to binance?

 2   7 Comments  Share 

Posted by u/CreepyZombie29 9 hours ago

Sun.iO Problem dAPPS

Sun.io has liquidity pools that go up and over 100% APR! However I cannot
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 2   1 Comment  Share 

Posted by u/gh03st 2 days ago

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Posted by u/gh03st_ 2 days ago

Search
TRX Coins Stuck in Binance?
Hello All,

I have been trying to find a workaround for this since January and I am
beginning to think I am out of luck. However, I would love some insight as to if
I have any other options or anyone as any idea that may be able to help me.

Back in 2018 I had TRX coins on MyEtherWallet, I let them set for a while and
when I entered back into the crypto world I found out that TRX had been
swapped with a mainnet version of the coin.

Long Story Short. I had my TRX coins on MyEtherWallet. I converted them into
a custom coin and sent them to my binance US ether address hoping to
convert it as a ERC-20 coin. The block chain and the transaction ID both say
th t th t ti h b d H bi US tl d
 1   9 Comments  Share 

Posted by u/Magination7 5 days ago

Can I still use SUN/TRX LP tokens?

Hi guys, just a quick question, I'd be grateful if you could help me.

I just checked on my sun.io mining I left behind months ago. I have this
SUN/TRX LP tokens to claim - can I still do anything with them ?

 1   2 Comments  Share 

Posted by u/gh03st_ 2 days ago

Old TRX coins.. Please someone see this

I sent my old TRX coins from 2018 that were stored on MyEtherWallet to my
binanceUS Ether address. The transaction on the block chains says complete.
However binanceUS currently does not support Tron Chain. Are my coins
gone?

 0   5 Comments  Share 

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