TRON Foundation Is Committed To Cooperate With Japanese Regulators

The Japanese government refuses to participate in gambling 

In a note to the Tron community, the Tron Foundation strongly opposed the Japanese DApp developer Tron to build anything similar to gambling. They wrote: Tron recommends that Japanese DApp developers not develop any gambling applications on the Tron platform.

Tron recommends that developers who are developing gambling applications block users who use Japanese IP addresses, and don’t make it easier for Japanese users to use gambling apps.

The Tron Foundation also promised that it would be an unusual move to “cooperate” with Japanese regulators if there were any problems.

Japan is still developing a regulatory framework for digital currencies. The Tron platform is currently dominated by gambling and “high-risk investments,” which are more negative than gambling because the term is used to describe something that is essentially equivalent to a Ponzi scheme.

Compared to more mature platforms such as Ethereum, Tron’s use is incredible, and its usage rate is much higher than that of Ethereum. However, according to Rating’s latest weekly report: Ethereum DApp usage has increased by more than 40%, thanks to a single streaming DApp. The use of Tron declined in the previous week, but it and EOS are still far ahead of ETH. 

Image result for TRON FOUNDATION
Justin Sun – Founder of TRON

Tron stopped development? 

There are many factors that contribute to the slow development of ETH DApp. First, the risk is higher because the price of ETH is much higher. On the other hand, Tron and EOS handle transactions much faster than ETH. ETH founder Vitalik Buterin called platforms such as Tron and EOS “centralized garbage” because their network architecture may be semi-centralized, and the essence of ETH is decentralized.

Still, users prefer quick results, especially when it comes to things like online gambling. Even a 15 second confirmation is unfavorable for many users. Many successful Ethereum applications use some form of deposit system in addition to integrating local tokens.

Tron is willing to work with regulators to differentiate them from other decentralized platform supporters. “Collaboration” can have a lot of meaning. Will Tron list blacklisted addresses related to gambling and Japanese IP addresses?

Will every jurisdiction in the world receive the same treatment? What if a decentralized foundation is willing to support the government’s whim, rather than meeting the needs of network participants? After all, if gambling is illegal in some places, it is a contradiction between citizens and the government.

If the logic extends, because of the use of the Internet, is it also relevant to Internet service providers? You use email and create your account, so your email provider is also involved?

In order to make protocol-level changes to the blacklist area and IP address, Tron’s voting system will take effect. People gain power by freezing tokens on the blockchain. If a super representative votes to support such an initiative, he seems unlikely to get a lot of votes from a gambling-growth community. Sites like Tronbet trade millions of dollars a day and have dedicated fans.

In addition, what is the next step in “collaboration”? Decentralized transactions? Token generation? Where does it end?

The Tron Foundation puts itself in a seemingly innocent situation.

Source: CCN Chinese Station


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