BTTETH
BitTorrent / Ethereum
crypto

Tron faked their way to the top. It was and is built on fraud. It is basically a centralized CBDC. 15.75 billion TRX was allocated to private investors, while an additional 40 billion were earmarked for initial coin offering participants. The Tron Foundation was given 34 billion, and a company owned by Justin Sun got 10 billion. 45% of TRX supply went to the founder and the project itself, while 55% was distributed among investors. Centralized as you can get.
The U.S. SEC sued Justin Sun and TRON entities in 2023, alleging TRX and BTT were unregistered securities and that Sun orchestrated extensive wash trading to artificially inflate trading volume. The complaint claimed over 600,000 wash trades of TRX between controlled accounts. Earlier reports (e.g., 2019 Blockchain Transparency Institute) estimated over 84% of TRON's reported exchange volume was fake via wash trading.
Users get free daily bandwidth (600–5,000 points) for basic transactions, and staking TRX provides more free "energy" and bandwidth enabling easy bot activity, spam, or inflated metrics. One analysis found bots drove 30%+ of accounts and $270M+ in volume in top gambling apps. Reddit discussions and community analyses claim bots stake TRX for free resources, cycle small transfers, or add spam memos (e.g., URLs) to pump volume without real economic value. High-risk/gambling dApps historically accounted for 95% of TRON's transaction volume (vs. \~2% on Ethereum), often involving ponzis or low-value activity. TRON's model incentivizes volume inflation to make the chain appear more active, attracting investors or highlighting adoption.
While recent growth is partly tied to legitimate USDT transfers (TRON hosts \~50–80B in stablecoins, popular for low-cost remittances in emerging markets), even these can be looped or automated, and overall "transaction quality" remains low.
The Super Representatives engaged in vote buying, by giving bonuses from their own funds to buy votes, which in turn centralized and secured the profits for themselves. Then they increased block/voting rewards (benefiting SRs).
Justin Sun, founder of TRON, became deeply involved with the cryptocurrency exchange Huobi (rebranded to HTX in 2023) following its acquisition in October 2022 by Hong Kong-based About Capital Management. Sun has consistently denied being the "real buyer" or controller, describing himself only as a global advisor and stakeholder. However, industry reports and his public actions—such as promoting the exchange, announcing developments, and addressing crises—have fueled widespread skepticism, with many viewing him as the de facto owner. Huobi announced 20% staff cuts and shifted employee payments to stablecoins (USDT/USDC), sparking layoffs and bonus cancellation rumors. HTX and affiliated platforms suffered repeated exploits under Sun's involvement: September 2023: $8 million ETH drained from a hot wallet; Sun offered the hacker a 5% white-hat bounty and a job. November 2023: Combined \~$115–200 million stolen from HTX and Heco Chain bridge (plus Poloniex, another Sun-linked exchange).
Need I say more? It's a fucking racket!

Tron faked their way to the top. It was and is built on fraud. It is basically a centralized CBDC. 15.75 billion TRX was allocated to private investors, while an additional 40 billion were earmarked for initial coin offering participants. The Tron Foundation was given 34 billion, and a company owned by Justin Sun got 10 billion. 45% of TRX supply went to the founder and the project itself, while 55% was distributed among investors. Centralized as you can get.
The U.S. SEC sued Justin Sun and TRON entities in 2023, alleging TRX and BTT were unregistered securities and that Sun orchestrated extensive wash trading to artificially inflate trading volume. The complaint claimed over 600,000 wash trades of TRX between controlled accounts. Earlier reports (e.g., 2019 Blockchain Transparency Institute) estimated over 84% of TRON's reported exchange volume was fake via wash trading.
Users get free daily bandwidth (600–5,000 points) for basic transactions, and staking TRX provides more free "energy" and bandwidth enabling easy bot activity, spam, or inflated metrics. One analysis found bots drove 30%+ of accounts and $270M+ in volume in top gambling apps. Reddit discussions and community analyses claim bots stake TRX for free resources, cycle small transfers, or add spam memos (e.g., URLs) to pump volume without real economic value. High-risk/gambling dApps historically accounted for 95% of TRON's transaction volume (vs. \~2% on Ethereum), often involving ponzis or low-value activity. TRON's model incentivizes volume inflation to make the chain appear more active, attracting investors or highlighting adoption.
While recent growth is partly tied to legitimate USDT transfers (TRON hosts \~50–80B in stablecoins, popular for low-cost remittances in emerging markets), even these can be looped or automated, and overall "transaction quality" remains low.
The Super Representatives engaged in vote buying, by giving bonuses from their own funds to buy votes, which in turn centralized and secured the profits for themselves. Then they increased block/voting rewards (benefiting SRs).
Justin Sun, founder of TRON, became deeply involved with the cryptocurrency exchange Huobi (rebranded to HTX in 2023) following its acquisition in October 2022 by Hong Kong-based About Capital Management. Sun has consistently denied being the "real buyer" or controller, describing himself only as a global advisor and stakeholder. However, industry reports and his public actions—such as promoting the exchange, announcing developments, and addressing crises—have fueled widespread skepticism, with many viewing him as the de facto owner. Huobi announced 20% staff cuts and shifted employee payments to stablecoins (USDT/USDC), sparking layoffs and bonus cancellation rumors. HTX and affiliated platforms suffered repeated exploits under Sun's involvement: September 2023: $8 million ETH drained from a hot wallet; Sun offered the hacker a 5% white-hat bounty and a job. November 2023: Combined \~$115–200 million stolen from HTX and Heco Chain bridge (plus Poloniex, another Sun-linked exchange).
Need I say more? It's a fucking racket!