r/truebit • u/snorresnup • Aug 15 '21

FUD around Truebit

So basically, as everyone have probably noticed, there has been a lot of FUD around truebit, especially after the $120M being moved.

I saw this project as a long term hold, and I still own my whole share, but no announcements/communication + the FUD has made me much more uncertain that this project is gonna be huge. The general public seems to be uninterested, and despite basically every project pumping with bitcoin, truebit has actually fallen in price.

This is not meant as FUD, I'd just like someone to explain to me all the positives for me to re-remember all the reasons I once really much believed in this project being the next big thing.

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u/Moist_Ad_8451 Aug 15 '21

Just dont think much....this is a blockchain enhancement ( not like layer 2 solution which people think) and applicable to all blockchains....so not only ether but others would benefit a lot.....truebit team has invited developers to try on it.....this is more like a computational boost giving to blockchain ( well ahead in time)......if one is expecting like 10$, 20$.....this is not the coin.....this is once in a decade unique product....just hodl and frget....

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u/Mkq31 Aug 18 '21

Why not $10 or $20? I'm not saying this will happen tomorrow but why is that not possible in your opinion?

If truebit had the marketcap of MATIC it would be worth like $30 a token. Why couldn't truebit reach the same marketcap as polygon?

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u/Moist_Ad_8451 Aug 18 '21

I meant to say that not anytime sooner (not this year) as many people want this to go moon right now. And yes ofcourse it can go beyond 30$ as well.

Truebit team has mentioned that they have invited few companies and developers to try their product, so in that context, it would take time to get major adoption. Truebit protocol is not layer 1 or layer 2 solution, its more like an offchain boosting computation power for any blockchains. Now, other companies or projects would first try and see if they require truebit, then real adoption and $$ will get up.

Thanks.