Justin Sun, CEO of , has said that the native coin TRX is a shitcoin. The price of the "shitcoin" fell 4% in a day.
Sun, possibly inebriated, said in a short video by cryptocurrency podcaster Peter McCormack, that Tron is a shitcoin - a derogatory term the Cryptoverse uses for those altcoins it sees as worthless, pointless, or simply less than. So it's surprising that its own founder - who frequently promotes TRX and Tron blockchain as worthy of mass adoption - would define his coin this way. "Buy my shitcoin," urged Tron's founder, laughing, with McCormack joining in on the laugh.
My exclusive interview with @justinsuntron is now available.
Hot tip for a Pulitzer. pic.twitter.com/TZaedkezOX
— Peter McCormack (@PeterMcCormack) February 9, 2020
The 13th coin by market capitalization dropped 4% in the past 24 hours and has continued falling, but the market is generally in the red for the last day. It appreciated 11% in a week and 47% in a month, and it's currently (9:15 UTC) trading at USD 0.021.
This wasn't the only surprise for the Cryptoverse though. Prior to this, a photo has been shared, taken at the Satoshi Roundtable event, depicting together Sun with Blockstream CEO Adam Back and creator of hardware devices the OpenDime and ColdCard Rodolfo Novak, who said in an apparent joke that Tron has a new home.
We have a plan. #Ethereum is over. Tron moving to #liquidnetwork on #bitcoin. Cc @udiWertheimer pic.twitter.com/XEuw11PQKX
— NVK (@nvk) February 8, 2020
It's unlikely that there's work being done on integrating Tron with Bitcoin, though the discussions about this have continued, still likely in jest. The joke may be at the expense of Ethereum fans though, as these Bitcoiners seem to trolling them (and perhaps Tron along the way), by shilling Tron as superior to . Samson Mow, Chief Strategy Officer at Blockstream, tweeted a comparison between ETH and TRX, in TRX's favour, while developer Udi Wertheimer also finds Tron superior of the two, and places Tron over MakerDAO.
Let’s do it! Polo on Liquid sounds great. ??
— Samson Mow (@Excellion) February 10, 2020
CEO of Chainstone Labs and host of The Satoshi Roundtable, Bruce Fenton, going by the Twitter handle "Bruce FenTron" now,said that the event was pro-Ethereum and that the photo was just meant to be surprising given the combination of people it shows, with ETH supporters responding that the situation has gone beyond the photo.
