Stellar’s CEO and founder, Jed McCaleb has recently referred about TRON (TRX) as “just garbage”. The co-founder of Stellar (XLM), Ripple (XRP) and Mt. Gox is a well-known name in the Cryptocurrency space. He created Stellar after he forked away from Ripple due to personal differences with the Digital Currency’s corporate board. When talking about TRON, McCaleb also pointed out that despite the low prices, the market is still way up despite the year’s turbulence.
He also shared that he enjoys watching the capital being invested into many different projects and said it was like watching something “wild”. According to him, market capitalization reductions and token prices going down will begin to smooth down the market eventually. When interviewed by Yahoo Finance, he stated:
“90% of the current projects are just BS and I’m very much looking forward to that changing for good. Digital Currencies like TRON are just complete garbage. That however, does not stop people from dumping tons of money into projects, which technically are not working.”
On the other hand, some experts found it amusing that TRON (TRX) actually managed to outperform Ethereum in terms of actual smart contract development and usage. This is not something anyone could have predicted one year ago. Stellar has also not yet offered a smart contract development platform on the level of either Ethereum (ETH) or TRON. McCaleb used TRON being “garbage” as his only justification.
TRON and Stellar remain a great investing opportunity
Justin Sun, the founder of TRON has so far remained silent about McCaleb’s accusations. He has also gone on the record multiple times stating that he wants to “save” developers from platforms like EOS and Ethereum. McCaleb was also pretty open about mistakes with Stellar. He stated that:
“Most people aren’t really aware of what Stellar is and I understand that. This is our fault as we have done an extremely poor marketing job so far. I believe people know it’s used for payments, but I really doubt a lot of people are fully aware of the actual details and potential of it. We will aim to change that in 2019, but it’s going to be a process.”
He is not wrong in his assumptions. In general, most people are clueless about Stellar and Blockchain technology in general. Sure, most people have heard the term, but have absolutely no idea what it means. There is almost no interest in blockchain banking offerings, but this is about to change in 2019. Despite the large bull run of last year, the market is still in its early developmental stages and Blockchain-as-a-Service (BaaS) is a fairly new term that will explode in 2019 and 2020.
McCaleb has also joined other well-known crypto giants like Buterin and Bryce Weiner in going after Bitcoin. A lot of investors, developers and even creators are calling Bitcoin the worst possible investment option for 2018.
Stellar is currently a top 10 Cryptocurrency when it comes to market capitalization, but Ripple has always outperformed it on news of business partnerships and integration with banking systems. McCaleb and other developers from Ripple Labs thought that the company was moving very far away from the original mission and that’s why they created Stellar.
At the end of the year, Stellar’s blockchain facilitated 1024 transactions, making 24/hour. Ripple managed to facilitate 396 354 and Tron processed 2 845 490. Bitcoin also processed 267 463 according to Coinmetrics. And despite the low marketing results, Stellar has been one of the best performing Digital Currencies of 2018. XLM remains a great investing opportunity for 2019.
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