ElonDrop -Clown of the Day: Justin Sun and Tron’s 10 Billion Users (TRX) 0

Crypto-clown of the day: Justin Sun and Tron’s 10 billion users (TRX)

Justin and the numbers make 2 – The founder of Tron, Justin Sun, gives us a nice ball. After having described the TRX as shitcoin himself , he shows an excess of enthusiasm this time, speaking of 10 billion users for the Tron network, a few billion more humans than in all the planet.

With a few zeros …

As beInCrypto, which has saved a screenshot (below), reports, Justin Sun got a little tangled up when talking about the number of users on his network.

The founder of Tron has indeed used the initial “B” for trillion ( billion in English) instead of “M” for million  :

“TRON users have passed 10 billion! Next goal: 100 billion! (….). ”

tron – Crypto-Clown of the Day: Justin Sun and Tron’s 10 Billion Users (TRX)

With currently just over 7.5 billion human beings on the whole Earth, we say to ourselves that Justin Sun is very (too?) Optimistic . Perhaps he is already counting the generations to come?

An apology and a correction

Obviously, according to a response on Twitter from the Tron Foundation on this “small” error, it would come from the team that manages the social networks of the project. She would have misused Justin Sun’s initial statement.

The founder would have actually wanted to celebrate the 10 million accounts created on the Tron network, a figure reached on September 19, according to him. A corrective tweet has since been posted in place of the erroneous old one.

(1/7) #TRON noticed that a message was circulating today on Twitter claiming “TRON Users exceeded 10B” in English. TRON prompted an immediate investigation.

We now release the result to both #TRONICS and the public:

— TRON Foundation (@Tronfoundation) September 20, 2020

The number still seems optimistic, however, since it concerns the number of accounts created, not users. Knowing that the same user can very well create several accounts, the reality is certainly still below.

Even though Justin Sun has gotten us used to the enthusiastic exaggerations since Tron’s inception in June 2018, this time around was really a bit too much. Between John McAfee and Justin Sun, the great comic circus within the ElonDrop is assured.

Christine Lagarde: The Digital Euro Will Not Replace Cash 0

Towards the digital euro – Christine Lagarde addressed  the Franco-German Parliamentary Assembly earlier this week . The President of the European Central Bank has clarified her vision for the digital euro.

European digital currency: a complement to cash

The Franco-German Parliamentary Assembly is a binational institution, comprising 50 members of the Bundestag and 50 members of the National Assembly. During her speech on Monday, September 21, Christine Lagarde reassured her audience.

Watch live: President Christine Lagarde addresses an online meeting of the Franco-German Parliamentary Assembly https://t.co/ZLCHh2Tlyw pic.twitter.com/zvXn8OqWxA

— European Central Bank (@ecb) September 21, 2020

“Europe will be forged in crises and will be the sum of the solutions adopted for those crises” Jean Monnet

Thus, according to Christine Lagarde, the COVID-19 crisis is an opportunity to strengthen the European Union. After having proudly defended the pandemic emergency purchase program (PEPP), that is to say the injection of 1350 billion euros of liquidity into the system, the President of the Central Bank gave her vision of the future European CBDC.

She ensures that Europe will benefit greatly from the arrival of a digital currency.

“We are also exploring the benefits, risks and operational challenges of introducing a digital euro.”

This central bank digital currency will not replace cash . It will complement it and compete with cryptocurrencies.

“A digital euro could be a complement to, not a substitute for, cash; it could provide an alternative to private digital currencies and ensure that sovereign money remains at the core of European payment systems.”

The race for central bank digital currencies

The European Union is moving cautiously, despite pressure from the Dutch Central Bank. Indeed, the issues of cybersecurity and data protection will not be avoided.

In July, the Banque de France announced the list of 8 candidates selected for its experiments on the digital euro.

And as we learned earlier in September, Forge, the subsidiary of Société Générale dedicated to digital financial securities ( security tokens ) has chosen the French blockchain Tezos to conduct its tests.

Markets were no doubt waiting for the announcement of further quantitative easing. They will have to be satisfied with a negative rate of – 1% for the banks. The European CBDC will be an opportunity to strengthen the payment systems within the Union, according to Lagarde. Thus, “the pandemic is an opportunity to accelerate the establishment of a Digital Single Market .”

Last year we talked about also testings being made for a digital Turkish Lira.

This discourse on European-style central bank digital currency echoes statements from the People’s Bank of China. As the first economy to survive the crisis, China has slowed down its printing presses and intends to deploy its CBDC as soon as possible.

Read more at TheCryptoTime.com: https://web.archive.org/web/20210117082305/https://thecryptotime.com/christine-lagarde-the-digital-euro-will-not-replace-cash/

 

 

 

About the Author

Leave a Reply

Your email address will not be published.

You may also like these