U.Today Franchise
0
📰 News

Tron CEO Justin Sun Teases Tesla Cybertruck Giveaway

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Alex Dovbnya
    📰 News

    Controversial Tron CEO Justin Sun steps up his Twitter game by announcing his plans to organize a new crypto giveaway

Justin Sun
Cover image via ca.style.yahoo.com
Contents

Justin Sun is back at it again.

The controversial Tron CEO has just announced his plan to organize a giveaway of Tesla Cybertruck in collaboration with cryptocurrency exchange Poloniex.

👉MUST READ

Elon Musk Gets Embroiled in Crypto Scam That Offers Tesla Model S

Elon Musk Gets Embroiled in Crypto Scam That Offers Tesla Model S

Elon Musk's big event flops  

This came during the long-awaited presentation of Tesla's first electric pick-up truck. Ironically, Sun's tweet coincided with a very embarrassing moment for Elon Musk. During the pompous presentation of the futuristic pick-up truck that took place in Los Angeles, California, the glass of "bulletproof" windows were smashed with a metal ball. 

"Well, maybe that was a little too hard," Musk exclaimed.    

It remains to be seen how investors will react to Musk's damage control attempt when the US stock market opens. Tesla's (NASDAQ: TSLA) shares doubled in price since reaching a bottom in July. 

👉MUST READ

Justin Sun Announces 2 Mln USDT-Tron Giveaway on OKEx Exchange

Justin Sun Announces 2 Mln USDT-Tron Giveaway on OKEx Exchange

Justin Sun fails to collect likes 

Sun announced a Tesla giveaway back in Mach to much fanfare. After congratulating the first winner (@uzgaroth) on Twitter, he infamously decided to pick another one, which enraged the crypto community. After that, he decided to give away two Teslas to both winners to ensure transparency, but they received cash instead their luxurious electric cars.   

After the failed PR stunt, Sun is obviously facing backlash for to hype up the crypto community once again, but his tweet received a very lukewarm reception (with fewer just 600 likes). His followers claim that Sun has to deliver on his previous promise before organizing a new giveaway.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Recommended articles
CLOUD MININGPromoted
0
📰 News

Ethereum’s Vitalik Buterin: Fiat Money Will Not be Destroyed

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Vladislav Sopov
    📰 News

    Vitalik Buterin, Co-Founder of the Ethereum Foundation and “father” of Ethereum, sat down with Eric Weinstein on The Portal podcast to discuss “old” and “new” economics.

Vitalik Buterin, Ethereum: Fiat Money Will Not Be Destroyed
Cover image via www.youtube.com
Contents

Two intellectuals, Vitalik Buterin (Creator of Ethereum), and Eric Weinstein (PhD, scientist, and Managing Director at Thiel Capital), recently sat down on The Portal to discuss Mr. Buterin's attitude towards the "classic" economics theory.

Libertarianism and Diversity

When both individuals discussed libertarianism, Vitalik Buterin said that libertarians mostly belong to two large groups characterized as either a "leave me alone'" or "conquer the world" approach. This divergence can be extrapolated into cryptocurrencies in terms of their mass adoption.

Mr. Buterin highlighted that there are participants within the crypto community that are assured that fiat currencies will be destroyed and replaced by Bitcoin (BTC). In general, Mr. Buterin estimated that the prospects of any "short-term disruption" for the sake of some "nebulous long-term gain" is skeptical. He said:

I'm definitely not in the camp that actively relishes that fiat currencies will be destroyed. 

Mr. Buterin added that several members within the Bitcoin community share this belief.

👉MUST READ

Are Ripple and XRP Getting Ready to Replace SWIFT?

Are Ripple and XRP Getting Ready to Replace SWIFT?

Peaceful Coexistence

Vitalik Buterin predicts that Bitcoin and other cryptocurrencies will coexist with fiat money and balance the disadvantages of the classic monetary system. He also added that cryptocurrencies will provide "checks and balances" against a government monopoly on "issuing money" rather than "replacing it entirely".

👉MUST READ

Stablecoins Growing in Popularity, Showing Potential to Replace Fiat Later On

Stablecoins Growing in Popularity, Showing Potential to Replace Fiat Later On

Mr. Buterin is well-known as a champion of pluralism in future world of cryptocurrency. He is sure that different communities will defend their views on its development.

Will crypto one day replace fiat money? Tell us your opinion on Twitter.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Recommended articles
CLOUD MININGPromoted