Tom Schultz is Not Optimistic About the Future of BitTorrent, Here’s Why…
As some of our readers may remember, sometime back the folks over at Tron announced that they would be partnering with file sharing platform BitTorrent in an effort to allow “users to pay for optimized services” via the freshly created BitTorrent Token (BTT).
In addition to this, it is also worth mentioning that premier cryptocurrency exchange ’Binance’ too has been working closely with Tron and BitTorrent to help launch BTT for the public at large.
A Closer Look At What Bittorrent Has To Offer
For those not aware, earlier this month the BitTorrent dev team announced the creation of the BitTorrent Token— a piece of news that has been welcomed by the global crypto community with open arms.
At this point, it is also worth mentioning that the price of Tron (TRX) has been on a bit of a slide (while most other top assets are trading sideways). However, the BTT token sale has been able to generate a lot of hype recently, with the first round having already sold out on Binance Launchpad.
Similarly, in order to raise even more awareness about the BitTorrent Token sale event, all of the involved parties have arranged multiple airdrop events that are set to take place over the course of the next twelve months or so.
In regards to the matter, Justin Sun of Tron and Binance topman Changpeng Zhao recently took to Twitter in order to promote the aforementioned airdrop events:
— Justin Sun (@justinsuntron) January 28, 2019
Due to overwhelming demands, Tron team generously agreed to do a small airdrop for people who tried to place orders, but was not successful in buying. Exact numbers will be published soon.
— CZ Binance (@cz_binance) January 28, 2019
Not Everyone Is Sold On BitTorrent
Despite the BTT project receiving a lot of support from big-name players from within the crypto industry, there are those who are not entirely sold on the idea. For example, Tomas Schultz, co-founder, and CEO of Cha-Ching, recently stated via an online post that BitTorrent’s heyday was way past it and that Tron/Binance are simply promoting an old technology that is
“being disguised as a sexy advancement for crypto”
Other critiques of BTT that Schultz recently presented to the public include:
- BitTorrent no longer offers customers with any new features that have previously not been seen by them.
- The platform does not feature a user-friendly interface…
- BitTorrent has not advanced with the times and is no longer compatible with the way in which most web users operate.
Lastly, in order to drive home his point, Schultz also posted a graph of BitTorrent’s usage on Twitter recently.
In rounding out this article, it is worth mentioning that Schultz’s critique has been met with a lot of objection from those who believe that that the BTT project could be a potential gamechanger.
Similarly, there are those who believe that once BitTorrent and Tron launch their much-hyped “streaming platform”, they could attract a whole new customer base as well as reignite this slowly dying market.