Vitalik Buterin (ETH) Trolls Tron’s Justin Sun (TRX) on Twitter, Calls Him a Shill for Using USD Symbol
Justin Sun, TRON Foundation founder, and Vitalik Buterin, Ethereum’s co-founder, discussed on Twitter about Ethereum, Tron and the future of the cryptocurrency market.
In a tweet uploaded by Sun a few days ago, he quotes Vitalik Buterin saying that he admits that Ethereum (ETH) led the 2017 bull run built on hype. About TRON (TRX) he mentioned that it will lead the next bull run built on massive adoption of decentralized applications (dApps).
Vitalik Buterin gave his point of view about the market during an interview with Smart Valor, he mentioned that in 2019, the space needs more applications. Furthermore, he said that the next wave of virtual currency adoption is not going to be built on hype because the hype was already there.
Justin Sun immediately wrote a tweet and several individuals from the Ethereum community started a conversation with Justin Sun showing their ideas and point of view.
Vitalik: next wave of crypto is not going to be built on hype.@VitalikButerin admits that #ETH lead the 2017 bull run built on hype. #TRON will lead next bull run built on massive adoption dapps and @BitTorrent . #TRX $TRXhttps://t.co/svKJBWyQKq
— Justin Sun (@justinsuntron) December 2, 2018
When Sun wrote the Tweet, he used the US dollar sign and Tron’s ticker symbol. Buterin commented about this issue saying that those who put a dollar sign followed by a ticker symbol in their tweet can be self-identified as a shill and are not worth listening to them.
Another Twitter user called Brad Mills said that ETH did not lead the bull market during 2017. For him, Bitcoin (BTC) was the price leader during the bull run last year. He then mentioned that Ethereum enabled the Initial Coin Offering (ICO) mania at that time.
During the last months of 2017, several new Initial Coin Offerings were launched to the market raising millions of dollars per month. The ICO market continued to grow during the first months of 2018 reaching billions of dollars per month. In the last sixth months of the current year, the number of funds gathered by ICOs is similar to what ICOs were raising back in May or June 2017, according to data provided by CoinSchedule.
Other users said that TRON is not able to grow because it has no massive adoption or the level of community reach as Ethereum has. Additionally, the community seems to agree with Vitalik Buterin saying that the real world applications will lead the way for virtual currencies. However, they are not convinced that Ethereum can make this work.
The Twitter user Jaycrypto, mentioned that there are hundreds of dApps on the Ethereum network, but no people are using them at all. Additionally, he talked about the scalability issues that Ethereum is facing mentioning that the network is completely slow compared to others.
A few days ago, we wrote at BitcoinExchangeGuide that Tron and EOS are surpassing Ethereum in dApps and daily transaction volume.
Back on November 26, the Twitter user Kevin Rooke, showed that EOS and TRON had more users and daily transaction volume on their dApps than Ethereum. This shows that there are some important applications in TRON and EOS that are being more attractive for users than Ethereum’s proposals.
It will be interesting to see what will happen in the future and how these networks will behave during a new bull run in the future.
At the time of writing this article, Ethereum is the third largest virtual currency in the market. A few weeks ago, Ethereum lost its position as the second largest virtual currency after being surpassed by XRP. ETH has a market capitalization of $11.79 billion and each ETH can be purchased for $113.87 according to CoinMarketCap. At the same time, TRON is the 12th largest virtual currency. It has a market capitalization of $957 million and each TRX coin can be purchased for $0.014477.