BitTorrent's Token Will Likely Not Be Launched On Tron's Platform
Notably, Morris’ comments have come less than two weeks after the Tron Foundation announced it would be launching the BitTorrent Token (BTT) on Binance Launchpad, the official token launch platform developed by Malta-based digital asset exchange, Binance. In an interview with BreakerMag (on January 11), Morris stated that the BitTorrent network would likely use a different platform to issue its new tokens.
Commenting on how he believes BitTorrent will introduce its native crypto tokens, Morris remarked:
I suspect that what they’re really going to do is they’ll do it on some central server, they’ll wave their hands and say, ‘Oh, it’s a Lightning Network for TRON,’ or something, and pretend it’s TRON-based, but it’s not really TRON-based.
Launching BitTorrent Token On Tron Will "Literally Destroy" TRX Network
Morris, an early-stage project advisor for various companies working on decentralized technology, said that BitTorrent’s new tokens would have to be launched on a platform that can process hundreds of transactions per second (TPS). According to Morris, Tron’s founder Justin Sun and Tron’s development team have lied about the controversial cryptocurrency network’s ability to process transactions quickly. Morris believes that if BitTorrent actually used the Tron blockchain, the peer-to-peer (P2P) file sharing network would “literally destroy it.”
In January 2018, Tron’s developers had been accused of publishing a plagiarized whitepaper (archived here) as several people had noticed that many sections of the technical paper looked identical to Filecoin’s and IFPS’ (InterPlanetary File System) documentation.
Wow! Absurd! TRON's "paper" is mostly copied from other projects, or is super basic p2p passed off as original. Zero references.
Tokenizing BitTorrent Will Improve Efficiency
Morris claims he had asked Tron’s founder Justin Sun to address the accusations (about plagiarism) by publicly acknowledging what had happened while also promising that Tron’s developers would focus on “sincerely building things.” However, Sun reportedly chose to ignore the situation by stating: “We have come to consensus that this did not happen. And we have moved on.”
Morris further noted that tokenizing BitTorrent would help improve the overall efficiency of the P2P file sharing platform, however Tron’s network might not be suitable for launching the BitTorrent token. Morris, who left BitTorrent in July 2018, also mentioned that Sun and his company’s employees were quite skilled at sales and marketing. But Tron’s team, including Sun, was not aware of the technical requirements for developing and issuing BitTorrent’s own cryptocurrency on the Tron platform. Morris remarked:
[Tron is] basically a marketing machine layered on a very thin veneer of technology.