What don’t you get? With BitTorrent, Justin Sun (Tron) bought the entire Internet

If you are a Tron investor, and you freaked out last Wednesday during an admittedly pretty brilliant crypto market crash, you’re doing it wrong.

Not some of it. All of it. Wrong.

Why? Because you don’t understand what Tron was, is, or intends to be throughout its existence, despite many knowledgeable people – who are openly in awe of the shifting tech landscape – begging you to pay attention.

It’s not about the coin, or yesterday’s price, or last month’s price, or tomorrow’s price, or the coin’s price even three or six months from now. The coin, frankly, is irrelevant because it is such a tiny piece to what actually transpired when BitTorrent changed hands and became part of the Tron system.

And what that means going forward.

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The first mistake many folks make when capping Tron’s potential is using its age. True, the company is barely a year old. However, from the moment Justin Sun breathed Tron into existence, he entered an ongoing race that wasn’t complete until the contract papers dried this summer. It was a race to own something other mammoth companies, like Facebook and Twitter, that have or had used BitTorrent for key system upgrades. It was a race to own the system that another company very badly wanted to use and pay seeders for torrents using Bitcoin (and later, Bitcoin Cash). It was a race to own the protocol that Bitcoin itself is based on.

That sounds kinda cool, right? But, how important is that really? Well, consider what Bitcoin itself actually does. And, also consider why all of those companies (and many others) also sought to control BitTorrent to the point that Sun had to get a court order to prevent any other negotiations except for his.

“In the same way the Internet flattened access to information and allowed anyone in the world with an Internet connection to learn basically anything they wanted to know, and to communicate with anyone else on Earth, Bitcoin does that with money,” says Erik Voorhees, Founder & CEO, Shapeshift, in “Bitcoin: Beyond the Bubble” (see below).

“So now, anyone on the planet, no matter their age or the arbitrary geographic location in which they were born, or the arbitrary rules of the people who govern over them; that person can now engage economically with anyone else in the world directly,” he says. “And, that’s profoundly powerful.”

With that in mind, and then pairing that info with the understanding that Bitcoin does for money and financial transactions what BitTorrent does for peer-to-peer file sharing in general, including full websites, you begin to understand the power that Voorhees spoke about. 

BitTorrent unlocks the whole damn thing. It always has. Even Satoshi Nakamoto knew it.

That’s what “decentralization” means. That’s what Justin Sun means when he says it (and he says it constantly). That’s what Tron means every time you read it – from marketing to whitepapers to social media.

In effect, Justin Sun bought the Internet.

I’ll say it again, and I want you to slowly read each word. Let it sink in.

JUSTIN SUN … BOUGHT … THE … WHOLE … ******* … INTERNET.

(And, at a reported $120 million, he did it for the same amount of money the Baltimore Ravens once paid Joe Flacco to be a slightly above average NFL quarterback or roughly one-third of what Giancarlo Stanton once signed for with the Miami Marlins.)

In essence, Sun reverse engineered digital dominance by starting with a platform, while also figuring out a way to ensure token burn and supply freeze – all while keeping his investors engaged through the whole process. It’s the birth of an entire ecosystem that uses many pieces that couldn’t quite put it all together in the past.

His system is every computer, every user. You aren’t just using Tron when you jump on to download or seed a file. You are Tron.

So, if you’re really and truly interested in seeing your investment grow. Be a user. Encourage others to use. Brush off your old Napster skills and get BitTorrent up and running. Use SeedIt to tip others with Tron on Twitter. Participate in Super Representative elections. Buy tokens that represent projects already calling Tron home. If anything, just get a Tron wallet created.

Do any or all of that, and you’ll be handling your Tron investment the right way.

(Thank you to @wlfofmyst, @mobrules1968, and @mikehan36064472 for their research for this post.)

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Have a tip?

What topics would you like to read about as we all grow with Crypto, Tron, and all the rest? Shoot an email to kitchenski@gmail.com with “Blog idea” in your subject line, or find me on Twitter at twitter.com/curtiskitchen.

Other recent posts:

And, FULL DISCLOSURE: I am a Tron (TRX) investor. I am not a financial advisor. This content should not be used as a base for or considered to be financial advice.

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Bitcoin just stumbled; will Tron (and others) push it out of the way?

We’re in bloggy territory here, right? So, let’s break from an air of reporting and columnizing and just shoot the breeze for a second.

It’s been a while since I last posted. That’s what happens when you welcome a new daughter to the world. She doesn’t sleep much when she’s supposed to, but pretty sure she’s a keeper. Even if she’s already proven capable of firing off biological weapons when diapers aren’t on.

On that note, let’s talk about something else that stunk up the place the past few days.

Just what the hell was the mix-up regarding Bitcoin and Starbucks? I watched the headlines roll out before everybody and their dog blamed the media for a supposed mix-up that first said crypto currencies such as Bitcoin could soon be used for coffee things. Then, Starbucks comes back and decafs everybody by saying you won’t. Instead, you’ll be able to use an exchange to convert crypto into dollars that then can be used for Starbucks.

On a excited scale from 1-10, that news ranked -2009 Satoshis.

What that news also did for me, however, is point out the core issue with Bitcoin – something I hadn’t quite been able to wrap my head around until now.

Everyone wants to see Bitcoin increase in value again, but mass adoption has become the game and nobody knows to make that work with Bitcoin at this point. It’s like they’re just hoping interest picks up again.

Some want it as a currency. Others want it as some sort of investment safehaven like gold or silver. Others still just want to see it get adopted in the general public marketplace. And, there always will be the group that doesn’t care nuthin’ ’bout nuthin’ except for when the next BTC bull will run.

The more I watch, the more it seems there really isn’t a strategy other than wishful thinking that demand for Bitcoin will again go up someday – with a limited supply again driving a huge demand for no good reason at all. Supporters and investors are simply hoping somebody decides to inject Bitcoin into the general marketplace because, “Hey, everybody knows Bitcoin…of course, it will go up again!”

Bitcoin has been the front-runner for a long time and probably will be for a while longer. It had a giant head start. But, other coin and blockchain producers have realized there has to be something behind the currency (and all the value that comes with it) to drive it. It has to be a solution provider.

Ripple gets that like few others. And, so does Tron.

Tron has presented itself as a blockchain solution provider first and foremost – with tokens coming in second. And, in the past year — especially in the past few months — quick digging sees an increasing number of Upside Down-like vines tentacled out from Justin Sun’s creation. Nodes are growing on the system daily, and so are wallets. Businesses around the world are beginning to accept Tron as payment.

As I said on Twitter recently, Tron isn’t trying to be part of “a” system. It wants to be the whole system. The coins are nice because they give investors a chance to grab the moving train, but the real power comes from a fast-building network.

Shit is everywhere, man. And, it’s growing.

So, Starbucks, you want to go ahead and make the next logical grande move to actually accepting crypto for your overpriced drinks? Tron is already making that life easy.

You should look into it.

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Have a tip?

What topics would you like to read about as we all grow with Crypto, Tron, and all the rest? Shoot an email to kitchenski@gmail.com with “Blog idea” in your subject line, or find me on Twitter at twitter.com/curtiskitchen.

Other recent posts:

And, FULL DISCLOSURE: I am a Tron (TRX) investor. I am not a financial advisor. This content should not be used as a base for or considered to be financial advice.

The Tron Virtual Machine is going to rock worlds – yours, mine, everybody’s

Sometimes, you have to let the reality of a dream settle in before you can appreciate it. Then again, being able to see that reality before anyone else is called vision, and there’s a reason why it is such a sought after talent.

Tron is fast becoming that reality for those who follow it — and many more who don’t. It’s what happens when you stop boring the public with barely recognizable terms like “mainnet”, “torrent”, and “blockchain” and instead start mixing in specific panty-droppers like “Twitter”, “Facebook”, “100 million or more users”, “music sharing”, “porn”, “biggest file sharer in the world”, “gaming”, and “Facebook”.

Hi, Tron…er…Shannon.

Yes, friends, those terms are major turn-ons, especially after they’ve all legitimately been linked to Tron in just the last few weeks. (Funny enough, BitTorrent has almost everything to do with that…which has a lot of folks beginning to understand one of the the reasons why BitTorrent was part of Justin Sun’s plan from the beginning.)

When that moment of puzzle-pieces-coming-together realization hits, I imagine it’s like that scene in American Pie when Shannon Elizabeth cozies up to Jason Biggs, who loses control immediately…twice.

Just to make the image clear (because it’s a good one):

Shannon = recent Tron news
Jason = Tron investor

But, this has happened before, hasn’t it?

  • Tron news surfaced late in 2017 about a possible connection to Alibaba, and the charts resembled a Bill Clinton impersonation of the Washington Monument.
  • Tron MainNet goes live, and folks felt like they were led on. (I’m not sure why…it’s like they mistook the vibrating bed turning on for the entire sexual experience.)
  • Ethereum “Independence Day” came and went, and instead of carnal investment bliss, many folks were bored or frustrated with sinking prices amid a prolonged token swap. (I’m still waiting, and it sucks. Thanks, Bittrex.)
  • Never mind that everyone’s current daddy, Bitcoin, keeps sticking its head in at inopportune times and thwarting Tron’s potential growth moments.

And it’s all led to Tron loyalists having to tell the rest of the world that it isn’t about the size of our .0337 coin, it’s the quality.

Hang in there, Tronics. Your Dirk Diggler “star” moment is approaching. As someone who loathes hearing and seeing such a thing from others, it is time to circle a date on the calendar.

July 30.

The Tron Virtual Machine will open for business, and there’s no reason to believe a hungry-eyed group of developers won’t flock to the Sun Bunny Ranch. The list of advantages is well-known by now (easy, cheap, high distribution potential, big partnerships, nice rewards, etc.), and the latest big piece of the machine will be available.

The rest has been extremely nice, but THAT news has me excited. Above a lot of other things, I think that’s when we all will get to see Tron fully come to life and start to grow.

And, if things go right, grow to something big enough to make even Ron Jeremy jealous.

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What topics would you like to read about as we all grow with Crypto and Blockchain? Shoot an email to kitchenski@gmail.com with “Blog idea” in your subject line, or find me on Twitter at twitter.com/curtiskitchen. And, FULL DISCLOSURE: I am a Tron (TRX) and Ripple (XRP) investor. I am not a financial advisor. This content should not be used as a base for or considered to be financial advice.

Smell test: Lucas Nuzzi wants me to believe Tron is a scam

You don’t know me, and that’s okay. I’m a nobody. I’m someone who started his cryptocurrency and blockchain journey only a few months ago.

I missed Bitcoin’s explosion (well, I saw it from afar, like most people) and the alt-coin’s subsequent explosion. But, I’ve likened myself to something akin to a crypto astronomer lately — taking to the stars and discovering the solar system’s present through its rapidly expanding past.

In that journey, I found Tron.

Since that happened a couple of months ago, I’ve found myself learning about this Justin Sun guy. I’ve watched live press conferences from China. I’ve traded reading Kansas City Royals box scores for Tron (and other) whitepapers. (Okay, that part wasn’t a sacrifice. My Royals suck this year, but I digress.) I’ve worn out Google searching for news several times per day. My Twitter follows have transformed almost overnight as I connect with other crypto players, leaders, media, enthusiasts, and investors.

It’s kind of been a recreation of me in a way. The crypto me didn’t exist until now. That’s the fun part.

The intriguing part has been to watch with wonder if Tron — which, until April, was just this really fantastic arcade game I grew up playing — truly is the Apple of our time. Is it going to transform the web? Is it, if I can go back to my astronomy metaphor, a galaxy being born in front of our eyes?

My growing Tron bag speaks for me here. I think it could very well be.

But, the reporter side of me (part of my professional life was spent in radio and print) leaves open the possibility* that Tron could be all that, but it also could be something less, or even far less.

*Let’s talk about what I mean by possibility. When I say this, it doesn’t mean I think it’s true, or even partly true. A key piece of critical thinking is to allow for all possibilities and then allow information and testing to eliminate the possibilities that prove false.

And so, it caught my attention (and many others’) when Lucas Nuzzi dropped a few Tweets this week that Tron isn’t special at all. In fact, Lucas all but called his shot that Justin Sun’s “Independence Day” from Ethereum will look far more like the scene from Will Smith’s movie when aliens blow up the White House than it will be a celebration.

It has a smell, no doubt. But, does what Nuzzi said have the aroma of perfect prime rib? Or, is it end-of-workout stank armpits?

I consider the transparency with which Sun has presented his vision and product. I consider the bounty program open to literally everyone…for weeks…with a huge payoff. I consider the amount of support and/or excitement from exchanges, companies, developers, and potential Super Representatives. I consider tangible results shown through super-transparent testing that show nodes and blocks doing exactly what they are supposed to.

And I think things like:

“Damn, sure am glad nobody who is taking part in this process seems to share the same thoughts as Nuzzi.”

And …

“Wow, there are a lot of people, hundreds or thousands by now, all way smarter than me, who have had direct exposure to the same product that Nuzzi purports to have witnessed. And they ALL missed this?”

And …

“If those people didn’t miss the things that Nuzzi proclaims, this is one of the largest conspiracies ever. Period.”

And …

“Nuzzi’s just now saying this?”

Put all of those things together, along with the already debunked “sophisticated” scam blog posts, and I can’t go any farther down Nuzzi’s road other than to say I feel like I’ve walked in, smelled the room, and the only whiff I’m getting is a FUD burger.

Maybe I’m wrong. Maybe Nuzzi is right.

I’m willing to bet he isn’t.

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What topics would you like to read about as we all grow with Crypto, Tron, and all the rest? Shoot an email to kitchenski@gmail.com with “Blog idea” in your subject line, or find me on Twitter at twitter.com/curtiskitchen. And, FULL DISCLOSURE: I am a Tron (TRX) and Ripple (XRP) investor. I am not a financial advisor. This content should not be used as a base for or considered to be financial advice.