What are your thoughts on TRON's impact on the payment landscape?

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Quote from: Yogee on November 02, 2023, 09:20:32 AM

Quote from: coinremitter on November 02, 2023, 08:06:18 AM

[...]How do you see TRON's role in shaping the future of payments?

I would say that XRP has a higher chance specially after Ripple's 50-50 victory over the SEC filed case. If we're talking strictly of the payment system then I think XRP is more convenient and straightforward since users won't have to think about energy and bandwidth points when sending. I don't really see much future for Tron to be honest but maybe that's just me.

Not only XRP but other altcoins can also provide faster transactions and low fees, but for TRON I never expected this to be the payment of the future when you want to make transactions energy and bandwidth are always needed this is a little difficult if they only want to make payments via TRON if there is no energy and bandwidth then you will not be able to send.
This is what I hate about TRON.

AakZaki

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Quote from: bluebit25 on November 07, 2023, 10:22:00 AM

Agree, the altcoin space has things that are overhyped, even things in the top category have them, but the product cannot solve the problem that they use as a basis for development. The main reason they can still maintain is relationships and money. These projects do not appear with the purpose of building a market, but they just want to find ways to make money from market participants, playing games. Play pump/dump on the created trend and some old/new people exposed to it will love/hate it. However, having complete trust in a product does not mean there is no risk, but larger scale problems can stifle a project after many years (XRP case). Therefore, the balance between risks and profits in the investment process is the main factor that dictates the shortterm or longterm process.

Playing pump and dump on a new project hype is what most new projects are all about. You can see how they work to make more money, attracting new investors to enter the market and buy junk coins. This kind of project is indeed very risky and there is no guarantee whatsoever following new projects that exist because of the hype.

bluebit25

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Quote from: justdimin on November 06, 2023, 10:59:41 AM

Quote from: bluebit25 on November 06, 2023, 12:21:20 AM

It has its own advantages that the OP mentioned, but the challenges of TRON's competition with other L1s are many. Although I use TRC20 quite often to transfer USDT, other than that, I don't like the rest of the ecosystem it has. Since its launch until now, there have been many controversies, as well as limited development capabilities, while many new competitors have appeared with better solutions. And Justin Sun makes me distrust this crypto will go further

Tron is not a new coin anymore but if it seems they are not moving to fix those known issues, then I think we should stop supporting them anymore or for a while if they still have a plan on fixing it because maybe they will, once they realized that their users are declining also if they know that it declined due to the said issues. There are many cryptos now and there are also new additions which we can say better for now than in Tron.

Let's only hope they continue like this because there are also cryptos who turned ugly later on. Money and fame, truly changes someone or something. Other than that, the creation of new cryptos doesn't stop, so we shouldn't only limit our selves on one crypto especially if they are not that good enough.

Agree, the altcoin space has things that are overhyped, even things in the top category have them, but the product cannot solve the problem that they use as a basis for development. The main reason they can still maintain is relationships and money. These projects do not appear with the purpose of building a market, but they just want to find ways to make money from market participants, playing games. Play pump/dump on the created trend and some old/new people exposed to it will love/hate it. However, having complete trust in a product does not mean there is no risk, but larger scale problems can stifle a project after many years (XRP case). Therefore, the balance between risks and profits in the investment process is the main factor that dictates the shortterm or longterm process.

Abiky

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Quote from: Fundamentals Of on November 05, 2023, 09:46:12 PM

It doesn't have a significant role in terms of payments. First there's Bitcoin and then there's the likes of Ripple, Litecoin, or Doge. Or if you want to use Tron, it's not because it is something special. It is only because it is one of the several altcoins that can be used as alternative to Bitcoin especially when the fees are high. But there's also Lightning, and I have also observed that the mempool isn't actually as congested as before.

Also don't say that Tron is decentralized and is aligned with the principles of crypto. It isn't decentralized and it doesn't align with the principles of crypto. It aligns with the principles of Justin Sun.

Exaxtly. TRON is only centered on Justin Sun. Without him, I doubt the cryptocurrency will last forever. Even without his involvement on the project, he still has influence over the TRON blockchain's super representatives (aka validators/stakers). Poloniex is owned by Justin Sun, as well as, Huobi (now HTX). These exchanges hold a large portion of TRX's supply. Even Binance is on the list.

Luckily, the community can fork away to make a truly-decentralized TRON alternative. But for some reason, that hasn't happened yet. I wouldn't recommend relying on TRX as a long-term investment, because of the reasons mentioned before. It's only good for quick and cheap stablecoin transactions and gambling. For serious investing, you can choose either ETH or BNB (or both). Just remember to invest wisely and there should be nothing to worry about.

justdimin

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Quote from: bluebit25 on November 06, 2023, 12:21:20 AM

It has its own advantages that the OP mentioned, but the challenges of TRON's competition with other L1s are many. Although I use TRC20 quite often to transfer USDT, other than that, I don't like the rest of the ecosystem it has. Since its launch until now, there have been many controversies, as well as limited development capabilities, while many new competitors have appeared with better solutions. And Justin Sun makes me distrust this crypto will go further

Tron is not a new coin anymore but if it seems they are not moving to fix those known issues, then I think we should stop supporting them anymore or for a while if they still have a plan on fixing it because maybe they will, once they realized that their users are declining also if they know that it declined due to the said issues. There are many cryptos now and there are also new additions which we can say better for now than in Tron.

Let's only hope they continue like this because there are also cryptos who turned ugly later on. Money and fame, truly changes someone or something. Other than that, the creation of new cryptos doesn't stop, so we shouldn't only limit our selves on one crypto especially if they are not that good enough.

coinremitter

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Quote from: Abiky on November 05, 2023, 01:37:55 PM

Quote from: coinremitter on November 02, 2023, 08:06:18 AM

TRON, a blockchain platform known for its high throughput and low fees, has the potential to significantly impact the payment landscape. Its fast transaction processing and scalability make it an attractive option for businesses looking to streamline payment processes. Additionally, TRON's focus on decentralization and accessibility aligns with the principles of many cryptocurrency enthusiasts. How do you see TRON's role in shaping the future of payments? Share your thoughts and insights below!

TRON is great. But don't expect it to be used massively anytime soon. The project lacks originality and strong marketing/promotion efforts. Developers are much more interested in building dApps + tokens on other chains than TRON itself. With founder Justin Sun facing controversy within the crypto industry (he's a shady person, after all), I'd consider moving to alternative chains such as BSC or SOL.

It won't be long enough before TRON becomes another "Dogecoin". A "meme" coin driven by hype/speculation than anything else. Mainstream adoption is important for a project to withstand the test of time. And that's something TRON doesn't have despite being used by some for stablecoin transactions (mainly USDT). Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Just my thoughts Grin

t's essential to remain cautious in the crypto space, and your insights are valuable. TRON does face challenges in terms of adoption and reputation, and other blockchain projects like BSC and SOL are gaining momentum. Time will tell how TRON evolves, but diversifying your crypto investments can be a wise strategy.

coinremitter

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Quote from: Husires on November 03, 2023, 07:25:45 AM

TRON exists because of USDT and its fees were low but I think people's mood will change over time as more will prefer to buy USDT on other blockchains like MATIC which has instant confirmations and fees so low that one dollar could lead you to make hundreds of transactions instead of one transaction.
If USDT decides to stop using the TRON blockchain, I imagine that the blockchain will be less used and will quickly turn into a dead blockchain.

It's true that TRON has gained popularity as a result of USDT integration, but the competition in the blockchain space is fierce. MATIC and other chains offer compelling alternatives with low fees and faster confirmations. TRON's future may indeed be tied to USDT, so it's essential for them to adapt to changing market dynamics.

coinremitter

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Quote from: libert19 on November 03, 2023, 06:45:39 AM

Tron sucks, I don't how would you call it efficient when it charges $1 fees for a transfer, to make actually free transfers on this blockchain you require hefty amount of tron staked.

Imo, true potential to change payment landscape is for feeless blockchains . Several blockchains are there which require some native crypto staked and you can make free transfers, but none so far who is completely free.

I understand the concerns about Tron's fees and the need for staking to access free transfers. It's true that feeless blockchains have the potential to be a game-changer in the payment landscape. At https://coinremitter.com/?utm_source=rep&utm_medium=bitcointalks , we support Tron payments and offer a low processing fee of just 0.23%, making it a cost-effective option for those looking for efficient and affordable payment solutions. We appreciate your input and will continue to work towards providing the best payment gateway experience for our users.

coinremitter

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Quote from: danherbias07 on November 03, 2023, 04:28:21 AM

Well, XRP is back so there's a competition again. Do remember, XRP is the one which is mostly used for transactions before because of its fast and cheap transaction fees.
Tron is cool, it has the same feature but when it comes to popularity XRP did great by winning partially the case of SEC against them. There's a chance investors of XRP will be back and the demand will climb one more time just like it did before because of all the news that was created while they were fighting against the SEC, it's not easy to be on the front page and end up being a piece of good news. And the other thing is, they gained more reputation because they could just surrender it but they didn't which means they are serious about their work.
Just like Bitcoin who have Ethereum in competition as assets. I think Tron will be competing with XRP when it comes to payment options.

You're right that TRON's fast transaction processing and scalability could indeed streamline payments. However, XRP's recent legal battles and the way they handled the SEC case have indeed been noteworthy. This could potentially boost investor confidence in XRP.

Competition is healthy for the crypto and payment industry, as it encourages innovation and better services for users. Just like Bitcoin and Ethereum, TRON and XRP can coexist and cater to different use cases and preferences. It will be interesting to see how they evolve and compete in the payment space, and it ultimately benefits users by providing more options and features.

coinremitter

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Quote from: Publictalk792 on November 03, 2023, 04:15:43 AM

The fast transaction processing and scalability of TRON can help streamline payment processes and improve efficiency. By utilizing blockchain technology TRON offers a transparent and secure payment system. But thing is that there are many Blockchains in the market and have a great Competitions between them. Some have faster transactions and some have low fee rate. Some have technical issues. I don't use much this transaction but I think it has also some bad feedbacks. So it should be improved.

Thank you for sharing your thoughts on TRON's impact on the payment landscape. We appreciate your insights. While TRON does offer fast transaction processing and scalability, it's true that there's intense competition in the blockchain space, each with its own strengths and weaknesses. At https://coinremitter.com/?utm_source=rep&utm_medium=bitcointalks , we support TRON payments with a low processing fee of 0.23%. We continue to work on providing efficient payment solutions while maintaining transparency and security. Your feedback is valuable in driving improvements across the industry.

coinremitter

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Quote from: Bureau on November 03, 2023, 04:05:30 AM

@coinremitter you are spamming your own thread. You could have quoted everyone with one reply rather quoting and creating multiple reply.

Coming back to Tron is one of the best Blockchain in terms of speed and fee. You only have to pay 1TRX as fee for transferring $1000 worth of Tron. Since the price of Tron is so low it makes it the cheapest transaction free regardless of any cryptocurrency in the market. Only one reason why it won't be accepted as an international payment processor is because it originated from China.

I appreciate your feedback, and I understand your concern regarding multiple replies. I apologize if it seemed like spamming. We appreciate the opportunity to engage with our community members individually to address their specific queries and feedback. It allows us to provide a more personalized and effective response to each community member's concerns. We strive to maintain transparency and communication with our community, and sometimes multiple replies are necessary to achieve that.

As for Tron's impact on the payment landscape, you make a valid point regarding its speed and low transaction fees. Tron's scalability and efficiency are indeed attractive features for a payment network. However, the concern about its origin is worth discussing.

One reason Tron may face challenges as an international payment processor is potential geopolitical factors. The origin of Tron from China may lead to regulatory and political hurdles in some regions, which could limit its adoption on a global scale. Additionally, global payment networks require trust and reliability, and Tron would need to demonstrate stability and security over time to gain wider acceptance.

bluebit25

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It has its own advantages that the OP mentioned, but the challenges of TRON's competition with other L1s are many. Although I use TRC20 quite often to transfer USDT, other than that, I don't like the rest of the ecosystem it has. Since its launch until now, there have been many controversies, as well as limited development capabilities, while many new competitors have appeared with better solutions. And Justin Sun makes me distrust this crypto will go further

Fundamentals Of

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It doesn't have a significant role in terms of payments. First there's Bitcoin and then there's the likes of Ripple, Litecoin, or Doge. Or if you want to use Tron, it's not because it is something special. It is only because it is one of the several altcoins that can be used as alternative to Bitcoin especially when the fees are high. But there's also Lightning, and I have also observed that the mempool isn't actually as congested as before.

Also don't say that Tron is decentralized and is aligned with the principles of crypto. It isn't decentralized and it doesn't align with the principles of crypto. It aligns with the principles of Justin Sun.

GreatArkansas

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There are a lot of chain networks that are even better when TRON and more decentralized.
Yes, I believe the common reason in cryptocurrency right now is stability but some projects are sacrificing decentralization for scalability which some people don't agree with and are against.
For me, TRON is just like other altcoins. We already have Bitcoin and a lightning network for it.

fat buddah

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Quote from: OgNasty on November 05, 2023, 05:05:58 PM

Imagine discovering Bitcoin and having an opportunity to be early on such a life changing technology, but then deciding instead to invest in some rich kid’s scam attempt to make himself a billion dollars with the hope that you’ll be able to sell to some other fool later for more money… TRON is garbage. Don’t let it steal your chance to own a piece of Bitcoin.

Who said about investing in TRON? It's a bad investment. But it's a good blockchain, I've been using it for transactions for more than a year now.

asriloni

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It's all BS tron was not even decentralized as its being controlled by justin sun. Tron doesn't have impact to the payment landscape caused by any crypto can be used as a payment system. I remind you that this coin will be dead if there was no USDT which was helping tron a lot to keep its volume. Not even a good dapps used this blockchain caused by how complicated it is. It's overrated blockchain with very high fees. I rarely see people are transacting use tron as their payment system. People were only using USDT of tron like me which is cheap but not for its native coin.
Tron looks so horrible caused by it 's owned by someone who is being very obsessed in getting as much many as possible to live in luxury like justin sun. There is a lot of better coins out there that can be used as a payment system.

Tron is so garbage. I just tell you the fact. USDT is helping it to alive till this time. The different story if there was no USDT issued on the tron network. the story will be very different.
I never used tron again since last years.

OgNasty

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Imagine discovering Bitcoin and having an opportunity to be early on such a life changing technology, but then deciding instead to invest in some rich kid’s scam attempt to make himself a billion dollars with the hope that you’ll be able to sell to some other fool later for more money… TRON is garbage. Don’t let it steal your chance to own a piece of Bitcoin.

Abiky

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Quote from: coinremitter on November 02, 2023, 08:06:18 AM

TRON, a blockchain platform known for its high throughput and low fees, has the potential to significantly impact the payment landscape. Its fast transaction processing and scalability make it an attractive option for businesses looking to streamline payment processes. Additionally, TRON's focus on decentralization and accessibility aligns with the principles of many cryptocurrency enthusiasts. How do you see TRON's role in shaping the future of payments? Share your thoughts and insights below!

TRON is great. But don't expect it to be used massively anytime soon. The project lacks originality and strong marketing/promotion efforts. Developers are much more interested in building dApps + tokens on other chains than TRON itself. With founder Justin Sun facing controversy within the crypto industry (he's a shady person, after all), I'd consider moving to alternative chains such as BSC or SOL.

It won't be long enough before TRON becomes another "Dogecoin". A "meme" coin driven by hype/speculation than anything else. Mainstream adoption is important for a project to withstand the test of time. And that's something TRON doesn't have despite being used by some for stablecoin transactions (mainly USDT). Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Just my thoughts Grin

Husires

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TRON exists because of USDT and its fees were low but I think people's mood will change over time as more will prefer to buy USDT on other blockchains like MATIC which has instant confirmations and fees so low that one dollar could lead you to make hundreds of transactions instead of one transaction.
If USDT decides to stop using the TRON blockchain, I imagine that the blockchain will be less used and will quickly turn into a dead blockchain.

libert19

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Tron sucks, I don't how would you call it efficient when it charges $1 fees for a transfer, to make actually free transfers on this blockchain you require hefty amount of tron staked.

Imo, true potential to change payment landscape is for feeless blockchains . Several blockchains are there which require some native crypto staked and you can make free transfers, but none so far who is completely free.

Topic: What are your thoughts on TRON's impact on the payment landscape? (Read 208 times)