His Twitter profile says
"@Forbes Asia 30 Under 30丨the Only Millennial Student of Jack Ma from @alibabagroup"
It's very interesting to see how bubbles plays out. I do think cryptocurrencies are real and have big potential, but after seeing likes tron, verge, and doge, I also believe the current valuations are biggest bubbles of our lifetimes. Yet, you see people justifying ~10b$ valuation on the premise of a whitepaper written with broken english, then partnerships that are merely vaporware (remember iota announced msft partnership, yet it was more like iota was using azure products).
Interesting times. Just play into people's irrational decisions and you'd make big bucks.
If someone figured out a way to peg the value of crypto to some other big currency that would have potential - but then the speculators wouldn't be making 10x.
I wouldn't be surprised if a high transaction fee increases the speed of deflation. Smaller transactions are stuck and will be forgotten. Spending the currency is difficult. All you can do is hold or convert to fiat.
Just clarifying for uninitiated: doge coin is a "joke currency" (literally) that has a huge market cap anyway. https://en.wikipedia.org/wiki/Dogecoin
For blockchain based coins, bitcoin-ng does provide ways to improve current way.
The TRON Whitepaper (what investors are 'supposed' to read and invest off of) is written terribly and copies significantly from other successful projects: https://www.reddit.com/r/ethtrader/comments/7oeh92/trons_trx...
It's possible that the CEO of TRON made at least $300M USD from selling his own coins that he created out of thin air: https://www.reddit.com/r/ethtrader/comments/7oh01s/trx_tron_...
The CEO tweets in ways specifically designed to entice investors to speculate on his coin, such as specifically telling people it will go up in value: https://twitter.com/justinsuntron/status/947463313775927297, or specifically saying the downwards price movement is due to changes to CoinMarketCap information (completely false): https://twitter.com/justinsuntron/status/951191786902274048
Some investors in TRON have lost up to 66% of their net worth thus far (https://coinmarketcap.com/currencies/tron/), making it one of the largest crashes that has been seen in the top 10 coins on CoinMarketCap in quite awhile. Some of the things investors believe are completely absurd, citing that the Chinese government or Amazon will use TRON. It's unfortunate the levels of misinformation that so rampantly spread and cause many to lose their hard-earned money.