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The Internet

Tron's CEO Wants To Use Blockchain Games and BitTorrent To Decentralize the Internet (venturebeat.com) 79

From a report: Last summer, Justin Sun, the 28-year-old CEO of Tron acquired BitTorrent, the 15-year-old file-sharing company that is one of the biggest decentralized networks in existence for $140 million. He wanted to take advantage of blockchain, the decentralized ledger that is both secure and transparent, and combine it with the decentralized file-sharing app, offering crypto rewards to those who share their computers for file sharing. And this week, Sun appeared on stage with former basketball star Kobe Bryant at the NiTron Summit, which drew more than 1,000 attendees. Tron has also created a $100 million fund to convince game developers to make games that use Tron's protocol and its TRX cryptocurrency. The promise is to create a crypto network that is both fast -- at 2,000 transactions per second -- and reliable.

I interviewed Sun backstage at the NiTron Summit, where he said he wanted his company to become the major blockchain platform that could one day be the decentralized alternative to the centralized internet networks of Google, Facebook, and Apple. But to make that happen, Sun has to get mainstream people like the 100 million BitTorrent users to trust cryptocurrency, even after a coin market slide that has wiped out billions in value, including taking Tron's TRX market value down from near $20 billion to $1.6 billion today.

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Tron's CEO Wants To Use Blockchain Games and BitTorrent To Decentralize the Internet

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  • That's a big door

  • by raymorris ( 2726007 ) on Sunday January 20, 2019 @09:32AM (#57991208) Journal

    > But to make that happen, Sun has to get mainstream people like the 100 million BitTorrent users to trust cryptocurrency, even after a coin market slide that has wiped out billions in value, including taking Tron's TRX market value down from near $20 billion to $1.6 billion today.

    Getting most people to trust cryptocurrency isn't going to happen, unless you assume most people are stupid. Fortunately for him, it seems most people are indeed stupid. Just watch the mindless herds of millions of drones the first Tuesday of November.

    • Getting most people to trust cryptocurrency isn't going to happen, unless you assume most people are stupid. Fortunately for him, it seems most people are indeed stupid. Just watch the mindless herds of millions of drones the first Tuesday of November.

      Or just watch the people that keep using their shitty ad, and malware ridden Torrent clients, when there are much better free options.

  • by grep -v '.*' * ( 780312 ) on Sunday January 20, 2019 @09:35AM (#57991220)

    The promise is to create a crypto network that is both fast -- at 2,000 transactions per second -- and reliable

    First you get it fast and then you get it right - right??

  • TRX tokens are simply tokens on the Ethereum blockchain. I will never trust Ethereum after the bullshit they pulled, more than once too.

  • by maxrate ( 886773 )
    Fuck no.
  • by aglider ( 2435074 ) on Sunday January 20, 2019 @11:17AM (#57991644) Homepage

    Why not?
    All buzzwords in a single marketing claim!

  • It's just becoming an overused, overhyped term by CEOs (an even CIOs) who neither understand nor use it correctly.
  • Internet is a decentralized platform. It is currently centralized (minitel 2.0 kind of thing) not because of technical problems. It is easy to run your own blog, your own webserver, etc..
    The problem is mostly social. Device makers are allowed to keep their platform closed. So if you want something iPhone compatible, it pretty much has to play ball with Apple; and if they don't like it you are screwed. But the issue of running stuff on the iPhone is not a technical issue, but a social (legal) one. It is lega

    • It's always been semi-centralised. I think you have the problem wrong though. It's discovery. The vast amount of data on the internet is just too much to handle without aggregation and curation services, and those are where much of the centralisation now lies. If I post a video on my own website, no-one is going to see it - but if I put it on youtube, people will. Even if people had a properly decentralised hosting platform like bittorrent or IPFS to store data, it'd still need centralised services to find

  • This is just a dumb article. I'm stupider for having read it.

    Et Tu Slashdot.
  • I've spent most of my professional life in Venture Capital, specifically in writing intelligence reports about individual venture capitalists, and in writing pitch decks for $500k-$5m pre-series-A funding rounds for startups. Doing this work for almost 30 years, I've learned some rules about what to invest in, and what not to invest in. One thing that's become pretty clear is this: Do not invest in companies that are named after a movie that came out when the Founder/CEO was -9 years old, especially if Dis
  • Please! You can't do that until you find a way around the ISP. Google and Facebook are nothing. They can't cut your wire.

  • Why do people think you can just buy a company then revolutionize the internet?
    • Because it's happened before. Single companies have revolutionised the internet. Google did search better than anyone had before, Microsoft developed operating systems that made it possible for anyone to use a computer without months of training, facebook took the established idea of a journal website and advanced it into social networking. Billions of dollars were made, the the internet was revolutionised. Those were different times though, and it is not so easy these days. The internet is no longer experi

  • A fan, user, supporter can ensure more of their funding gets direct to a project, game, software they want to support.
    Without the party political ability of a CC company, payment platform, online payment system to block/ban/report a payment.
    That a payment network wants to take 10% to 30% of the money sent.

    The p2p part allows data to move around the world out needing a digital distribution company with political considerations to approve the content.
    The internet is free again without the CoC, politics

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