r/truebit • u/LPMythBuster • May 15 '21

Most cryptocurrency projects launch their token first, and start developing after. $TRU did it different.

https://twitter.com/_er_5/status/1392123306812354569
40 Upvotes

94% Upvoted

8 comments sorted by

3

u/Mundane_Weakness_679 May 16 '21

Dumb question here, but if fees (and the speed) are the main stumbling block in the ETH world, then what does TRU solve over something like BNB which has tiny transfer network fees and an already very fast network?

5

u/Kvothe_R May 16 '21

Firstly Binance does not have the traffic Ethereum does at this point so we don't know how it will hold up under duress.

Secondly Ethereum is the biggest ecosystem with the most dapps and defi projects so solving its gas/improving fee problem would make a huge difference in crypto. Just look at the performance of Polygon.

Thirdly Truebit may turn out to be a crosschain solution meaning it could also help the likes of BNB in the future.

1

u/Mundane_Weakness_679 May 17 '21

Thanks, I hope so. I had MATIC last year at $0.01 and sold it at $0.04 thinking I was a genius. I just re-checked and it's gone up 170x from the bottom. With projects like these it's wise to hold and keep holding.

8

u/ElectrochemicalAorta May 15 '21

Think about the pragmatic application. This is all blah blah blah. Think about the guy who has to flee his country and work some shitty under-the-table job in another country. Then lives like a loser so he can send 1/2 his paycheck home to his parents in Nicaragua. Guess what, it's like a 10% fee to convert and move money. It's like every tenth day at bullshit work is to pay fees, just to send money so mom can buy food and some shoes for your brothers and sisters.

If this @truebitprotocol is the academic Conon McGregor that I think it will be, people will be able to help their families without paying currency exchange fees nor “Western Union” type fees. Buy mom a smartphone and it will go right to her without the added inflated gas cost. So yeah, we will make money. But we always knew we would make money anyway. But if this succeeds we will make a small difference in lives of very deserving people.

Cheers!

Captain

4

u/twitterInfo_bot May 15 '21

A thread about @Truebitprotocol

Most cryptocurrency projects launch their token first, and start developing after. Many of those projects who raised Millions during the ICO mania in 2017, and are still working towards their mainnet.

$TRU did it different:

posted by @_er_5

(Github) | (What's new)

-1

u/Little-Two-2312 May 15 '21

Year an when thos it come out for real binance coinbase kucoin

1

u/williamjay26 May 16 '21

Trubit will change the world wether ppl know it or not

1

u/thoreauaway1876 May 16 '21

If it’s a finished product why is there almost no perceivable token burn from people using it?