Recall that Herald Sheets reported that the cryptocurrency exchange Poloniex is launching a new token launching platform, LaunchBase, making the digital token Tron (TRX) the only eligible currency for purchases on the platform.
Justin Sun’s Emphasis that Initiated the Altercation
In order to emphasize on the fact that Tron (TRX) is the eligible token on the platform, and to correct the notion dispatched by Cointelegraph, via the publication that announced the new development.
Justin Sun said, “only TRX! TRON (TRX)”
— Justin Sun (@justinsuntron) April 6, 2020
Afterward, a user identified on Twitter as ‘Nick’ called the co-founder of Ethereum (ETH) Vitalik Buterin into the conversation, challenging Justin Sun of creating unhealthy competition due to Tron’s strategic partnership with Poloniex exchange.
Nick averred that Sun has a mission to pump TRX, using his upper hand, suggesting that cryptocurrency will never succeed with such a personal interest.
Nick wrote this, “Vitalik Buterin, if that’s the case every crypto company should launch their exchange. You are creating unhealthy competition where trying to pump trx to take advantage that’s y crypto will never succeed.”
@VitalikButerin if that’s the case every crypto company should launch their exchange. You are creating unhealthy competition where trying to pump trx to take advantage that’s y crypto will never succeed
— Nick (@nickaus2) April 6, 2020
Vitalik Buterin Says IEOs are Dumb
Vitalik Buterin joined the conversation by opining that IEOs are dumb, but DAO crowdfunding is his best choice. He furthered by taunting Justin Sun as he disclaimed any interest in becoming a dictator like the CEO of Tron.
“Eh I think IEOs are dumb and we should be looking into DAO crowdfunding anyway. No interest in replicating the Sun dictatorship on its own terms,” Vitalik Buterin responded.
Eh I think IEOs are dumb and we should be looking into DAO crowdfunding anyway.
No interest in replicating the Sun dictatorship on its own terms.
— vitalik.eth (@VitalikButerin) April 6, 2020
Justin Sun also responded to Vitalik Buterin’s opinion by pointing out that both IEO and DAO are beneficial in their own way.
He said, “IEO & DAO crowdfunding both bring lots of values in their own way. One is not more superior than the other. IEO provides value for investors because it has a dedicated selection team that provides excellent evaluation of the project itself.”