Jed McCaleb, co-founder of Ripple, called Tron and 90% of other crypto-related projects ‘just garbage’. He made his own criticism at cryptocurrency projects that were not Bitcoin, Ethereum or his own Stellar in his recent interview with Yahoo Finance.

McCaleb founded the company Ripple in 2011 which he purposely left in 2013 due to personal conflicts with the Board of Directors. He opened up to Yahoo! Finance that it’s “way way up” even if it’s had some turbulence over the course of 2018. Later on, he went on to work on Stellar in 2014.

“Just Garbage”

Referencing to the ICO boom of 2017, McCaleb made his sharply worded statement:

“One of the nice things that comes with the market calming down— I still say it’s not a bear market — it means there’s less of that. Ninety percent of these projects are B.S. I’m looking forward to that changing.” he said when questioned about the future of cryptocurrency industry in 2019, continuing:

“Things like Tron, it’s just garbage. But people dump tons of money into it, these things that just do not technically work.”

Following the point, McCaleb poke at a project in which Tron has outrun Ethereum in terms of actual smart contract development and usage, a feat that would have seemed virtually impossible just one year ago.. Stellar has yet to offer a smart contract development platform on the order of Ethereum or Tron. However, McCaleb did not explain why Tron is “just garbage”. Tron has received significant media attention over the past two years thanks to a combination of bold claims and strategic acquisitions by Justin Sun, the project’s founder. Justin has gone on record as saying that he wants to “rescue” developers from platforms like Ethereum and EOS.

In response to, if people generally know what Stellar is, McCaleb believed that they may misread the token

“I don’t think they do. We’ve done a pretty poor job of marketing it and telling the world what Stellar is about. I think they have a vague notion that it’s for payments, but I don’t think they know the details and the real power of it. We’re hoping to change that in 2019, but it’s a process.”