Future of USDT after Justin Sun Resigning from TRON - page 3.

Wawa2013

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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 see that Justin Sun's decision to resign from TRON will not have too big an effect on TRON's future. Since TRON has become as big as it is today,
it must be because of the cooperation of many people, because it's impossible for Justin Sun to be the only one who made TRON a potential project.
Justin Sun definitely has a team that makes TRON a strong project. I'm sure the TRON development team will still be able to make TRON even better,
even without Justin Sun. I also believe that not many investors have left TRON because Justin Sun is no longer at TRON. So I still recommend TRON
as a project that is worth buying and good for investment. Then it's the same with USDT, it won't matter if Justin Sun resigns from TRON.
The conclusion is not to worry about Justin Sun's decision to resign from TRON, it doesn't have a big effect in my opinion.

SlimShadyMmp

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This doesnt do anything to TRON I think and more I think cryptocurrencies are suppose to be decentralized not been controlled by anybody So I dont think You should be worried The project moves on whether he is there or not and for USDT I dont think its suppose to have any effect at all NO any connection to it from all the guesses I want to think of but still I dont know how your own thinking is going that way though

cafucafucafu

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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.

That's not the question here.

The question is about USDT and not TRON, but TRON I think will probably be harder hit with Justin leaving than USDT.

USDT will falter as a matter of time regardless of what platform it is hosted on. I simply don't believe in their fractional reserve model.

Gudhal Untu

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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.

2girls

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I think is reality is that TRON is a strong coin and they play a good role into the cryptocurrency and other thing is that trx are use many people into the transection so according to my experience is that the coin is already confirm going to rise there price.
But the coin was going to the position of usdt its a very strong role of crypto so in this time i seen that is impossible.

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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

Tron USDT was a popular USDT for multi transfer and for any payment transfer but at this time Tron gas fees has increased a lot It's around $2.5 at the moment. 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

magneto

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I think that there will be a hit to TRX.

But in terms of USDT, not necessarily. It's not like Justin had a big role to play in terms of how that operation is run.

USDT can just migrate to another chain if TRX starts to fade, but I wouldn't recommend anyone use USDT in the first place - it is simply too risky.

hd49728

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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.

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.

suzanne5223

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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.

super bako

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Many people are curious about Justin's successor. like me too.? From all that I know, Justin did not appear for a long time after he ran away to pay crypto taxes last year. rarely published, i hope with justin's replacement later tron will be even better and bring a significant price increase and many new programs to come like other altcoins..?

virasog

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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

Isn't it good for the tron foundation that Justin Sun have left the company. I think the new CEO of tron will be better for them. Justin Sun was never sincere with the growth of trx and he was more famous for his marketing techniques to pump his coins.
I am happy on hearing this good news.

yhiaali3

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I don't expect Tron or USDT's future to be affected by Justin Sun's resignation, yes it's true he's a very good CEO but I don't expect everything to fall apart once he quits, there must be someone else who can replace him and run things well, basically Tron has been stable since For a long time and I do not think that there are expected developments in the future, in addition to the fact that USDT is not owned by the Tron network, but it works on it as it works on other networks, so I do not expect that there will be any negative effects.

_IRMAN

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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

I never thought someone like Justin Sun could step down from his position as CEO of Tron, and I don't think the development of Tron will be as exciting as when Tron was held by Justin, and for USDT I think it will remain the same because USDT in the Tron network is one of the coins stable with the lowest transaction fees.

24Kt

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Quote from: JahriMeayer on December 17, 2021, 05:18:10 PM

I'll be gald if this shitcoin's shit owner resign from his CEO position. He is worst managing tron and i'm sure anything major won't be happened for his stepping down even it could generate possibility of new sunshine of tron if New talented CEO join tron and handle this project. And don't worry about usdt, you will be allow to transfer usdt through bnb, sol, matic and other blockchain although trc20 usdt is still my favorite

Who knows, this change is just we need to see tron network achieve new heights? Because as we have seen, the marketing of tron has been surpassed already by many new networks likeBSC, SOL, MATIC and others. But yes, I do agree that using TRC20 in USDT transfers is one of the cheapest that you can find. But I believe, it will stay that way. So with his resignation to his post, maybe, the individual who will replace him will make the tron network better and achieve more. We will see in the coming months what the new leader will be up to.

JahriMeayer

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I'll be gald if this shitcoin's shit owner resign from his CEO position. He is worst managing tron and i'm sure anything major won't be happened for his stepping down even it could generate possibility of new sunshine of tron if New talented CEO join tron and handle this project. And don't worry about usdt, you will be allow to transfer usdt through bnb, sol, matic and other blockchain although trc20 usdt is still my favorite

Sayeds56

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Quote from: syedakhlaque on December 17, 2021, 12:05:08 PM

The Tron is a very important crypto coin. It did very good business in last 2 years. I and my fellows trade in this coin and earned well. We also use this coin for transactions. It charged a very small amount for transactions. There was a great rise in the value of Tron last year and this year also. I hope that the importance and value of this coin will not go down after Justin and some capable person will take charge and will hold the position of Tron.

I think change of leadership of Tron network is a good step at right time and it will help to improve perception of this project in the long run because Justin Sun was surrounded by so many controversies .Despite all those controversies, I really appreciate his achievements as founder and CEO of network. Today it is the most energy efficient network with minimal transaction fee, Hence USDT ( TRC-20 ) is widely used now and in future as well ,for transfer of funds at lowest cost.

DaveF

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The issue that I see, is minor but there.
Since ETH fees are insane a lot of USDT transaction went to TRX.
If TRX stops being actively maintained the I can see a lot of USDT transactions going someplace else.
BUT.....
Despite what a lot of us say and think and do, there are many people who will trade BTC <-> USDT and then the USDT to another exchange in an attempt for profit.
The more fragmented USDT becomes I can see people not trading as much. Not a lot mind you, a small small small fraction of a percent. But it may just happen.
Will it do anything to the price of BTC. I doubt it, but you never know.

-Dave

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Quote from: Oshosondy on December 17, 2021, 12:17:10 PM

Over 40 to 60 percent of USDT are in Tron blockchain. Fast verification and low transaction fee. Life made easier with USDT TRC20.

Solana and Avalanche are blockchains that are at least a lot more lively with a lot more platforms than Tron despite both being quite young. So, yea.

It's not like you're suddenly not able to use USDT on Tron though; it's just that expect all the Tron hype to die because Justin Sun sure is a great marketer.

kryptqnick

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Op, is it simply that you are confusing Tron and Tether or is more going on here? Could you explain how Sun resigning as a CEO of Tron has anything to do with USDT? If you truly mean USDT, I think it'll be okay, just as it always is. But, of course, there's always a risk of sudden panic and the stability of this coin coming to an end. As for Tron, it's down 7% over the last 24 hours, but it's not the largest drop on the market, and it's not that bad either. Hopefully, Sun leaves behind a team of people that will keep working on Tron and at least maintain properly what's already there. As for the initial promise of something like a decentralized Internet that Tron gave, I don't believe in that anymore. Like most altcoin promises, it never came to be.

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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

Can't another person be the CEO of Tron foundation? Another person that have been working with Tron foundation and knows the in and out can perform this role as well. Tron users have nothing to worry about.

Quote from: mk4 on December 17, 2021, 11:24:23 AM

USDT's company is Tether, not Tron lol. Besides them being partners(as far as I know) Tether just integrated their stablecoin on the Tron blockchain, like how they also have USDT on Ethereum, Solana, Avalanche, etc. Tether doesn't need Tron necessarily.

But yea, RIP Tron. (as if it wasn't pretty much dead to start with)

Over 40 to 60 percent of USDT are in Tron blockchain. Fast verification and low transaction fee. Life made easier with USDT TRC20.

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