McCaleb started by asserting that the journey from 2009 up till now has been “super interesting”. He went on to say that space has seen “way more” growth that what was originally anticipated, adding that it is amazing to him how hype-driven it is at present.
He further stated that there were projects with zero technical merit that have raised millions of dollars, remarking that it seems like a “big shame”. This was followed by the CTO claiming that 90% of these projects are “B.S”. His statement read:
To this, Justin Sun replied on his official Twitter handle:
“BitTorrent: The OG in P2P, 1B+ users, bringing P2P to mass market. eDonkey, founded by @JedMcCaleb: RIP 2002. Guess we’re doing pretty well for “garbage” Prediction for 2019 : #TRON vs @StellarOrg will have same results as @BitTorrent vs eDonkey $TRX #XLM”
This was soon followed by Sun making another statement on the current sixth-largest cryptocurrency by market cap. Misha Lederman, a TRX enthusiast pointed out that Tron had 318x more transaction in comparison to Stellar on December 31, 2018. On that day, Tron records a total transaction of more than 2 million, whereas the transaction of Stellar is pictured to be 8,793.
To this, Sun said:
“We don’t think @StellarLumens is our competitor at all since they have extremely low transaction volume, centralized&non-democratic system and 0 Dapps. #TRON will take their place within 2019 anyway. #TRX $TRX #XLM”
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