Future of USDT after Justin Sun Resigning from TRON - page 2.

virasog

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Quote from: JeffBrad12 on December 28, 2021, 12:02:27 AM

Quote from: Lubang Bawah on December 27, 2021, 09:53:48 AM

Of course the team has calculated the scenario if Justin Sun leaves TRON, I don't think this will have too big an impact and the market won't panic with Justin's exit, I'm optimistic that the team can make the best rotation or change so that TRON and USDT will continue to shine.

If you read the article properly and you will not say that. He just laves from the daily operation and development of tron foundation and this doesn't mean if he was fully leaving from the tron foundation. This will not give a big impact coz this is just a gimmick created by some crypto news sites. This is something that didn't need to be discussed anymore after knowing justin is still involved in the development of tron foundation from outside of the foundation. He will never leave the company that makes him become the new rich person in crypto. I don't even think that will happen but this news was full of gimmick. lol USDT has nothing to do with tron development or tron team. it's only operated in tron blockchain but usdt is the only thing that makes tron is still alive right now. The tron blockchain is a garbage blockchain with non sense fees right now compared with its specification. This is also an expensive blockchain these days after ethereum.

This means he will still have his say in the Tron foundation and he will get his profit shares too ?
If this is the case, then nothing is gonna change for tron and i am not gonna change my perception about this project. I consider tron a shit coin which is hyped by justin sun.

JeffBrad12

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Quote from: Lubang Bawah on December 27, 2021, 09:53:48 AM

Of course the team has calculated the scenario if Justin Sun leaves TRON, I don't think this will have too big an impact and the market won't panic with Justin's exit, I'm optimistic that the team can make the best rotation or change so that TRON and USDT will continue to shine.

If you read the article properly and you will not say that. He just laves from the daily operation and development of tron foundation and this doesn't mean if he was fully leaving from the tron foundation. This will not give a big impact coz this is just a gimmick created by some crypto news sites. This is something that didn't need to be discussed anymore after knowing justin is still involved in the development of tron foundation from outside of the foundation. He will never leave the company that makes him become the new rich person in crypto. I don't even think that will happen but this news was full of gimmick. lol USDT has nothing to do with tron development or tron team. it's only operated in tron blockchain but usdt is the only thing that makes tron is still alive right now. The tron blockchain is a garbage blockchain with non sense fees right now compared with its specification. This is also an expensive blockchain these days after ethereum.

StarKay

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Justin Sun was never in charge of USDT, I think a lot of people have mistakenly identify USDT with Tron due to the popularity of TRC 20 USDT. So him quitting Tron will have no impact whatsoever on the status of USDT.
Rather you should be concerned with the impact of his departure on Tron itself.

Silberman

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

This is just another confirmation that the days of TRON are numbered, it is very unlikely that it is going back to its former glory so people need to be very wary of investing in the coin, now that being said this is not going to affect USDT at all, this is at worst just a small obstacle on its path and nothing more, USDT does not need the TRON network but the TRON network needs USDT, which means that if someone is depending on it for their USDT transactions now it is the time to rethink this decision.

Lubang Bawah

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Of course the team has calculated the scenario if Justin Sun leaves TRON, I don't think this will have too big an impact and the market won't panic with Justin's exit, I'm optimistic that the team can make the best rotation or change so that TRON and USDT will continue to shine.

Benefactor

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This undertaking didn't give us the best return yet. However he is leaving it clearly make adverse consequence for at some point since its crypto assuming that the new CEO be beneficial staff and make this venture all the more great. I trust that the significance and worth of this coin won't go down later Justin and some skilled individual will assume responsibility and will stand firm on the footing of Tron.

adaseb

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I am pretty sure most people who hold tons of tether do it on either the Bitcoin or Ethereum blockchain. Most don’t keep large amounts on the Tron blockchain. Most likely due to Justin Sun. They want to be safe and feel better paying the higher fees on ETH or slower transactions on BTC network than using tron.

Tron is good for small amounts in my opinion. I agree it’s much cheaper and faster than Bitcoin and Ethereum. However it’s newer and hence why people don’t transact large amounts on Tron blockchain. So I see no issues for tether.

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I don't think it's a problem, TRON and USDT will not be affected by Justin Sun's exit, this is a project of a team of more than 10 people, maybe like 1 person who comes out playing football, there is an impact but it will not be significant.

I think it can even be beneficial for the development of TRX as Justin Sun was quite a special figure and caused quite a lot of controversies in the past. Also if you look at the performance of the TRX price the last couple of years, it has underperformed against the broad market.

Woodie

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Bitcoin is still in the first position of our digital currencies even without its creators or lead developers Satoshi Nakomoto in control which is evidence enough that tron will remain in good hands with the community even with Justin Sun stepping down which is not like his going out with all the control. Am sure his doing this to avoid any conflict of interest and i welcome this move.

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Quote from: Pejoh Asu on December 26, 2021, 01:14:50 AM

I'm sure if Justin's role in TRON is not significant anymore so he leaves, we don't know behind the scenes of TRON, maybe there are many problems that made Justin choose to leave and of course TRON will never depend on Justin Sun so without Justin TRON will still continue to shine.

Exactly, TRON and USDT are big projects that of course will never depend on 1 or 2 people, and I'm sure even if Justin Sun left TRON there is already a team that can perform functions like Justin Sun.

Pejoh Asu

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I'm sure if Justin's role in TRON is not significant anymore so he leaves, we don't know behind the scenes of TRON, maybe there are many problems that made Justin choose to leave and of course TRON will never depend on Justin Sun so without Justin TRON will still continue to shine.

bbc.reporter

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@Cangkeman Wae. You are correct. There is an argument that it might also be an advantage for Tether and iFinex if Justin Sun creates more political connections in Grenada and the surrounding jurisdictions. Tether will hyperdollarize them hehehe.

There were also rumors that Justin Sun is a major holder of LEO. This is a utility token issued for iFinex’s ecosystem.

suzanne5223

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Quote from: hd49728 on December 23, 2021, 01:57:33 PM

Quote from: suzanne5223 on December 23, 2021, 01:41:04 PM

Firstly, USDT is not controlled by Tron nor Justin those most USDT user like to make use of the TRC20 since most crypto exchange site supported but other scalable blockchain network like SOL, Avax, EOS etc also supported USDT though some exchange site are yet to support those chain for USDT transaction. However, I believe Tron will be in good hand though I dont clearly understand Justin stance about quitting Tron but I believe he just leave the title of CEO to someone else but hes still part of the Tron project.

Correct but people think Justin Sun controls all like what they believe that if satoshi comes back, satoshi can control all development of Bitcoin. It is not because Bitcoin protocol must reach to consensus for any upgrade. Same for many other blockchains and TRON too.

Reaching a consensus state before any upgrade in the cryptocurrency realm is only valid in decentralized crypto, yes Tron is decentralized and also an open-source crypto project.

Quote from: hd49728 on December 23, 2021, 01:57:33 PM

Years ago, Litecoin founders sold out all of his Litecoin to get rid of his impact on Litecoin price. It is another variant to eliminate impact of founders on price but a bit different than what was done by satoshi.

Charlie Lee, Justin Sun are well known founders, not anonymous like satoshi so they have to do different approaches.

Charlie publicly announce the selling of all his LTC holding is what affect the LTC market till now because we have a lot of investors which dont have much understand about the crypto market. However, if Charlie want to eliminate the impact of himselve in the LTC market he shouldn't have sell all his holding because people believe his an act of rug pull.
He should have sell some portion just like Elon did with his Tesla holding.

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Quote from: smartaction on December 24, 2021, 07:10:43 AM

It is now behaving like ETH gas. that's why people are paying more attention to BSC network now for any altcoin and Stable coin

I do believe the significant increase with the price will be making decreasing the demand for the tron. It's not even expensive than BSC. I thought that as tron's vision to be the most scalable blockchain
but it seems like that it will not happen anymore. BSC has various kinds of stable coins and that will be attracting more demand.

Quote from: Gudhal Untu on December 24, 2021, 12:07:10 PM

Wrong thinking when a big coin like TRON is too dependent on Justin Sun, I think when he came out the work shift was done perfectly so TRON will continue to prosper, I also never doubted the future of TRON even without Justin Sun.

No man but this guy has a very good skill to influence people and he has a big role in the tron foundation. The problem is this blockchain is lack of innovation. High fees has become another problem that appears in the tron blockchain. It touches a few dollars for a single transaction. The future of this blockchain was not so bright like another blockchain.

masterrex

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

IMO, I think Tron will remain what it is, with or without Justin Sun because Tron is already in the market for more than 4 years, second is it has survived the longest bearish market trend in the history of crypto, how much more today that Tron has already large use cases and many projects has been using its TRC20 algorithm and one of it is the USDT Tether a Stablecoin Giant so for me it's not a big deal if Mr. Sun has resigned or not.

super bako

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Quote from: Gudhal Untu on December 24, 2021, 12:07:10 PM

Wrong thinking when a big coin like TRON is too dependent on Justin Sun, I think when he came out the work shift was done perfectly so TRON will continue to prosper, I also never doubted the future of TRON even without Justin Sun.

I hope so too, even without justin sun tron remains strong. What I hope is that Justin Sun will move, I hope that it will have a good impact on Coin Tron, not the other way around. sometimes in the crypto world there is always drama to be trending can bring positive or negative things. i will still believe tron will be fine..?

rhomelmabini

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They'll probably rebrand it if there's a new CEO and in hope to make it more robust but I think Tron is likely a senile chain considering with new chain being developed. I wonder what goes to Sun's mind stepping down and works full time and never get paid there's something wrong on it to be perfectly honest. Anyways, we don't know the whole story but hope TRON will keep on striving, if not expect the worst.

USDT as a whole isn't affected in here and I wouldn't think even the USDT tron-based will be affected too. That's out of the context as far as I know.

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

Actually, I believe that if there will be a new qualified CEO in Tron and it will continue developing and run more advertisement, Tron will become even better. Justing Sun abandoned Tron not because he doesn't believe in it, but because he wants to develop another sphere and make crypto more widely adopted. In terms of USDT, the main problem is that its process of releasing is not very transparent, so people are doubtful about it.

blockman

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With such resignation or acquisition, there's no need to think of its future. The people that have left managing the project will be the ones managing it. So, if you don't know who's on the back of it, there goes the worry on how they're going to manage it. But about USDT, you don't worry about it. Because the logic seems to be if the other protocol of USDT like the CEO of it resigns, you'll be worried about it again.

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Quote from: noormcs5 on December 17, 2021, 10:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

What's future?

Don't take the matter too seriously, everything is very clear in mention, Justin's withdrawal I think is not important because Justin's current presence in the Tron team doesn't make much sense either. However, there may be some doubt with the project, personally I am a Tron neutral so everyone looking at it needs to have a more relaxed attitude because the whole market situation is really looking forward to wait for 2022, the FUDs just make us more interested in that project

, more sober.

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