Thursday, October 29, 2020

Waves sets up $3M grant fund to promote cross-chain interoperability

 


The Waves Association announced on Wednesday a new grant program for cross-chain interoperability development.

The pool consists of 1 million Waves tokens, worth approximately $3 million as of press time. Projects will be eligible for grants of up to 300,000 Waves to develop solutions for interoperability and cross-chain communication.

There will be three separate types of grants: open grants, grants distributed through hackathons and Waves-focused grants. Sten Laureyssens, strategic advisor at the Waves Association, explained to Cointelegraph that open grants will have a wide scope:

"For the open grant category, the grants are open to a wide variety of interoperability projects, that don't necessarily have to be connected to Waves. We're looking for creative solutions to connect existing blockchains and dApps."
The latter two types of grants will have to adhere to certain requirements, which makes it likely that the Waves blockchain will be involved in some form. Nevertheless, Laureyssens said that the association is planning to sponsor blockchain-agnostic solutions as well.

Sasha Ivanov, president of the Waves Association, threw a subtle jab at certain types of interoperability solutions offered today:

"Waves Association aims to support independent developers working on interoperability solutions — especially those thinking outside the box. Solving interoperability by adding a dedicated blockchain and native token as an additional layer would only lead to more complexity, undercutting the potential of the proposed solution."
Grants will be stipulated and decided on by members of the Waves Association, though the disbursement of funds will be automated through a decentralized application.

Waves is a smart contract-enabled blockchain platform competing with the likes of Ethereum and EOS. Its developers have often criticized the mainstream approaches to certain tenets of blockchain technology, notably misleading claims of transactional capacity.

The Waves blockchain was recently used with apparent success in a Russian local election, following a disappointing performance by a similar system developed by BitFury.

Twetch passes 1 million transaction milestone

 



Twetch, the social media app built on Bitcoin, exceeded 1 million transactions on October 27.

This is a remarkable and significant milestone for the company, its users, and the Bitcoin ecosystem. The 1 million transaction milestone makes Twetch one of the few Bitcoin companies to put 1 million transactions on-chain.

From the day Twetch launched to the 1 millionth tx, how long did it take to reach this milestone?

From the day that we started, it took about 18 months to get our 1 millionth transaction.

Is Twetch the first Bitcoin app to put 1 million transactions on-chain?

Twetch is the first and most active application to have 1 million transactions on-chain; Ethereum cannot even dream of such a thing.

Why should someone who has never used Twetch before give it a try and check it out?

Twetch represents the future of the internet. It is ad-free, you can profit off of it, you own your own data, and the user is in total control. In a world where these big internet giants are the ones that are in control, Twetch treats users and their ideas the way nature intended, giving users control of their property.

What would you say users like most about Twetch?
Twetch users like the money the most, they make a lot of money. There are people making thousands of dollars on Twetch. The other thing would be the culture. Bright gang represents a group of people who really are willing to go in the world and try to make a difference to see a brighter future, to really try and make things better in a world that is sort of doom and gloom. Bright gang stands out, we shine bright.  

Can you share any details regarding quarterly or YTD revenue?
I'm not going to go into specifics because the answer is on the blockchain. Twetch is on the blockchain, it's completely auditable on the blockchain, everyone can see the money going in and out on the Bitcoin blockchain.

But something that's really exciting about Twetch is that within the last 30 days, our revenue is more than last year's revenue. The revenue is really growing, people are coming back day to day to use Twetch, not just for our posts to the blockchain features and to profit from their content, but people are using Twetch DMs to do business and connect with new people. It's really about getting the world better connected on Twetch right now, and the culture is just really, really strong.

Thursday, October 8, 2020

Waves and Fantom enter collaboration

 


Joint work will be focused on developing a broader DeFi ecosystem using the Gravity cross-chain communication protocol.
We are excited to announce a collaboration between Waves and Fantom. Waves and Fantom are committed to building an open ecosystem between different chains, based on the Gravity protocol, which is essential to the DeFi industry's wider success.

Under the collaboration deal, WAVES, the native utility token of the Waves ecosystem, will join Fantom's DeFi ecosystem as collateral for minting synthetic assets, including fUSD, Fantom's stablecoin pegged to the US dollar.
WAVES holders will be able to use fMint to access fUSD and other synthetic assets, which can be used with other Fantom DeFi products. Specifically, fLend allows users to lend and borrow assets, while fTrade allows users to trade them.

For instance, If you want to go long BTC (without losing exposure to your WAVES collateral), mint fUSD against your WAVES in fMint and use the fUSD to buy fBTC (synthetic BTC) in fTrade. Sell the fBTC for fUSD later to repay the minted debt. Once you've repaid any outstanding minted debt, you can unlock your collateral to withdraw.

About Gravity
Gravity is a decentralized cross-chain and oracle network based on a truly blockchain-agnostic protocol for communication between blockchains and with the outside world, working with the native token economies.
Gravity provides multi-purpose cross-chain interaction without introducing a native token. The true blockchain agnostic no-token approach creates a more inclusive, open ecosystem, while addressing future scaling/stability issues.

About Fantom
The Fantom Foundation is committed to building technology that is open-source, decentralized, DAG-based distributed ledgers with aBFT consensus. Fantom aims to create fast, secure and scalable technologies across various industries, allowing organizations, businesses, and individuals to develop decentralized and secure applications, solving real-world problems.

BTC escrow firm CEO faces 60 years in jail over alleged $7M scam

 

The U.S. Department of Justice has indicted the operator of a BTC escrow on charges of defrauding two of his clients out of $7 million. Federal authorities said John Barry Thompson is charged with two counts of wire fraud and commodities fraud which collectively carry a maximum prison sentence of 60 years.

In its press release, the DoJ revealed that a grand jury in the Southern District of New York had returned an indictment charging Thompson with fraud. Thompson was the principal of Volantis Escrow Platform LLC and the related Volantis Market Making LLC.

In a separate action, the U.S. Commodity Futures Trading Commission (CFTC) also filed civil charges against Thompson.

The charges are related to allegations that Thompson defrauded $7 million from two clients in 2018. According to the DoJ, the 48-year-old man made false statements to an unnamed company in 2018, convincing the company to send him $3 million to buy BTC. He assured the company that the transaction was guaranteed as "cash is with me, coin is with me." However, he didn't have the coins as promised and he ended up sending part of the money to a third party to purchase the BTC. He then lied for days about the status of the transaction and in the end, he never returned the funds.

A month after the debacle, he enticed yet another unnamed company with promises of a guaranteed BTC purchase. The company sent him $4 million, and just like in the first case, he sent the money to a third party and never refunded the company.

Geoffrey Berman, the Manhattan U.S. Attorney, commented, "As alleged, Jon Barry Thompson repeatedly lied to investors in cryptocurrencies about the safety of their investments made through his companies. As a result of Thompson's lies, investors lost millions of dollars."

The Easton, Pennsylvania, resident is charged with two counts of commodities fraud, each of which carries a maximum prison sentence of 10 years. He's also charged with two counts of wire fraud, each carrying a maximum sentence of 20 years behind bars.

The DoJ was the first U.S. regulator to pursue Thompson, with the CFTC following that up with civil charges. However, in November 2019, the U.S. government intervened, requesting the CFTC to stay its charges against the alleged cryptocurrency scammer as they could interfere with a parallel criminal case against him.

Friday, September 18, 2020

Lamden Mainnet is Here!

 



A Technology Delivered
We're happy to announce that we've officially launched Lamden mainnet! Today marks a day of independence and new beginnings. Three years in the making, this milestone represents a culmination of intense efforts to deliver a novel blockchain with a revolutionary leap in performance, scalability and usability. Blockchain of today is one of complexity, high congestion, and outrageous fees. Lamden's mission is to unleash a disruptive solution to these challenges and make blockchain fast, user-friendly, and cost-effective.

What is Lamden Mainnet?
Lamden's engineers aimed to not only deliver on the original promises of blockchain but to revolutionize it. Lamden tackles the fundamental challenges of blockchain head-on, from high barriers to entry to poor performance and scalability.

Easy to Use
Lamden's open-source, Python-native platform empowers developers to focus on quickly building blockchain applications, instead of learning new programming languages and messing around with complex syntax and system architecture. This means easier development and faster revenue generation on Lamden.

Highly Performant and Scalable
Lamden uses an array of advanced algorithms to remain highly performant and scalable as demand increases for on-chain activity and large-scale applications. Lamden is engineered to achieve sub-second transaction finality and to scale linearly with additional CPU cores, as described here. There are no Ethereum-style "gas-wars" on Lamden because the system uses a first-in-first-out queuing algorithm which prevents people from paying more to get ahead of the line and further congest the network.

A Developer Incentives System
Lamden has a built-in rewards distribution system with voteable and configurable parameters. Developers who create applications on Lamden will be awarded a percentage of transaction fees processed through their smart contracts, thereby earning revenue automatically from their applications without relying on third-party payment services. Incentives are made with Lamden's native coin TAU and sent straight to the developer's wallet. Because revenue is tied to transaction volume, developers will earn more revenue as their DApps become more popular.
For an introductory period, developers will automatically earn 90% of all TAU used to transact against their smart contracts.

A Self-Regulating System
Lamden has a self-regulating governance system where the community nodes have direct voting rights on key decisions including rewards distribution, transaction rates, and platform functionality upgrades. The system naturally strives for an equilibrium where each network participant will act in their best interest to maximize their reward. No single party controls the Lamden network and no single party can monopolize it.

Mainnet Token Swap
Now that mainnet is live, a token swap from Ethereum ERC20 TAU to Lamden Mainnet TAU will commence. The swap period will be open for approximately 6 months and is mandatory. If you do not swap your ERC20 TAU tokens during the 6 month swap window, you will be unable to do so afterwards.

IMPORTANT: Do not send ERC20 tokens to the Lamden wallet or they will be lost forever! ERC20 tokens are not compatible with the Lamden network. The only way to get your ERC20 TAU onto the Lamden network is by following the wallet token swap process.

The swap process is built directly into the Lamden wallet, which you can download on the Lamden website..

How US States Are, and Aren’t, Easing Crypto Firms’ Compliance Burde

 


The Conference of State Bank Supervisors (CSBS), an organization of state financial regulators, will make it easier for financial technology payment firms and cryptocurrency exchanges to prove they're in compliance with U.S. state laws.

The CSBS announced a "One Company, One Exam" plan Tuesday whereby states will coordinate their supervisory exams for the nation's largest payment firms in an effort to reduce the costs on both state regulators and the companies they oversee. Essentially, the exam is how these regulators will make sure regulated entities are still in compliance.

What this means for cryptocurrency companies – such as Coinbase – is their compliance costs will drop. Rather than work with more than 50 different state and territory regulators, the exchanges only need to check in with the one group. The group of regulators includes every state but Montana, which doesn't have a money transmission license.

Crypto exchanges need money transmission licenses to legally operate within most states, with the state banking or financial services regulator overseeing this form of regulated activity.

"For the industry that means there's going to be a reduction in regulatory burden," said Matt Lambert, nonbank counsel for CSBS.

However, new exchanges will still have to apply for, and secure, a license for each state in which they hope to operate. While the CSBS is working on a potential standard for applications, there's still a long way to go.

At present the move also only applies to the 78 largest money transmitters in the U.S. – those operating in at least 40 states. While Lambert declined to identify which crypto businesses fit into this category, a search of the Nationwide Multistate Licensing System & Registry database indicates this could include Coinbase, Circle Internet Financial and Square.

The list of firms that will benefit from CSBS' announcement could still grow. While there aren't any plans right now to add to the list of companies, Lambert said more could be added later on.

'Strictest standards'
The CSBS announced its effort to consolidate supervision at least partly as a result of soliciting feedback from the crypto industry, and finding that regulated entities believed "there is too much supervision that is accomplishing the same thing," Lambert said.

"Overall I think this process will lead to high standards, the strictest standards," he said. "This is not going to be a means of defaulting to the lowest standards, this is going to be a method of raising the bar for everyone."

Each exam will be conducted by a group of state regulators, and the makeup of the group will change on an exam-by-exam basis. This lets the regulators coordinate among themselves to find the best fit for each company's evaluation. 

Sunday, August 30, 2020

Lamden Mainnet is Coming. Lamden Mainnet will be launching on…16 september 2020

 


The Moment of Truth
The wait is almost over; Lamden's mainnet launch is fast approaching. September 16th, 2020 will be an inflection point, marking the transition from a technology promised to a technology delivered.

We at Lamden have been working nonstop to deliver on the unfulfilled promises of blockchain. Instead of modifying an existing technology, we decided to design and build a novel blockchain architecture from scratch. As a result, our Python-native modular blockchain delivers a revolutionary leap in performance, efficiency, and usability.

The moment of truth and the reveal is drawing near. Blockchain of today is one of complexity, high congestion, and outrageous fees. Lamden's mission is to unleash a disruptive solution upon these challenges and make blockchain fast, user-friendly, and cost-effective. One day, we will look back and remember September 16th, 2020 as a pivotal moment for blockchain and its revival.

The Road Traveled
We at Lamden took the road less traveled and it made all the difference. The imminent release of Lamden blockchain is the culmination of two and a half years of nonstop development and testing, and pushing the limits of what blockchain can do. We have worked hard to make life easier for developers by creating a Python-native platform that simplifies development and testing, and accelerates product deployment and monetization.

We have set our goals sky-high and refused to take a shortcut or compromise, and achieved results beyond our wildest expectations. We are deeply grateful to our amazing community for their unfailingly generous and enthusiastic support over the years. The mainnet would not have been possible without our team of developers and their unwavering commitment to deliver something extraordinary.

The Road Ahead
In the coming weeks, we will share more details on mainnet and exciting new plans with our community members. Our roadmap includes a developer on-boarding campaign, exciting new DeFi products, and a specification for Lamden version 2.0.

Lamden mainnet is just around the corner, but community members can start developing their ideas now using Lamden's Python-based smart contracting system. For an introductory period, developers will earn 90% of all TAU used to transact against their smart contract.

To our existing community members and those new to Lamden, we extend our warmest welcome to the Lamden Legion.

For more information, please visit:
https://lamden.io/  

Friday, August 28, 2020

TECH 26 AUGUST 2020 Patrick Thompson Mitiga, an incident readiness and response company, has discovered that a product available on Amazon Web Services Marketplace contained Monero mining malware. Mitiga published their findings, noting that they discovered the malware when conducting a security audit for a financial services company. “Mitiga’s security research team has identified an AWS Community AMI containing malicious code running an unidentified Monero crypto miner,” according to the Mitiga’s blog post. “We have concerns this may be a phenomenon, rather than an isolated occurrence.” Malware on AWS Marketplace Unfortunately, the AWS marketplace allows anyone to sell virtual services on its marketplace. Although the marketplace is full of verified vendors, it also contains offerings from unverified community members. Mitiga discovered that one community member was selling a Windows 2008 virtual server that secretly used the computing power of anyone who downloa

 


Mitiga, an incident readiness and response company, has discovered that a product available on Amazon Web Services Marketplace contained Monero mining malware. Mitiga published their findings, noting that they discovered the malware when conducting a security audit for a financial services company.

"Mitiga's security research team has identified an AWS Community AMI containing malicious code running an unidentified Monero crypto miner," according to the Mitiga's blog post. "We have concerns this may be a phenomenon, rather than an isolated occurrence."

Malware on AWS Marketplace
Unfortunately, the AWS marketplace allows anyone to sell virtual services on its marketplace. Although the marketplace is full of verified vendors, it also contains offerings from unverified community members.

Mitiga discovered that one community member was selling a Windows 2008 virtual server that secretly used the computing power of anyone who downloaded it to mine Monero in the background. Although it may come as a surprise that Monero mining malware was present on Amazon's AWS Marketplace, Amazon's policy clearly states that:

"Amazon can't vouch for the integrity or security of AMIs shared by other Amazon EC2 users. Therefore, you should treat shared AMIs as you would any foreign code that you might consider deploying in your own data center and perform the appropriate due diligence. We recommend that you get an AMI from a trusted source."

Reducing the attack vector
To avoid falling victim to malware that might live within community offerings on the AWS marketplace, Mitiga recommends "verifying or terminating these instances [unverified offerings], and seeking AMIs from trusted sources"

"As AWS customer usage is obfuscated, we can't know how far and wide this phenomenon stretches without AWS's own investigation," said Mitiga. "We do however believe that the potential risk is high enough to issue a security advisory to all AWS customers using Community AMIs."

IRS sends new batch of ‘crypto letters’ to taxpayers

 



The Internal Revenue Service (IRS) has sent another batch of its infamous "crypto letter" to individuals suspected of owning digital currency, urging them to correctly report the details of their transactions.

The news emerged after users of digital currency tax service CoinTracker.io reported receiving letters from the IRS, one of which was subsequently published on the CoinTracker blog. In a blog post CoinTracker said "[i]t has come to our attention from CoinTracker users that the IRS has started sending out another wave of cryptocurrency tax warning letters to U.S. crypto users."

The mailout was also reported in Bloomberg, which confirmed with the IRS that the letters had indeed been sent to more suspected digital currency holders.

As first emerged in 2019 when the tax service began issuing digital currency letters, there are three different types of letters being published—each indicative of the degree to which the IRS thinks individuals are underreporting digital currency transactions.

One of the letters in particular, Letter 6173, is issued to those that could foreseeably be subject to a taxpayer audit, representing the highest degree of confidence of underreporting from the tax agency.

The IRS is known to be extending its focus on digital currency, and in particular on tax evasion around trading and speculation. A tax summit held back in March outlined much of the agency's thinking on digital currency, where it was suggested that the agency wanted to do more to tackle those currently underreporting their digital currency dealings.

The news will come as a concern to those trading in digital currency, indicating a heightened level of IRS oversight over individual actions in and around digital tokens.

It comes at a time of increasing efforts globally to bring more transparency to digital currency transactions, and to ensure those engaging in trading are discharging their tax liabilities honestly.

Friday, August 7, 2020

Story from News Goldman Sachs Eyes Own Token as Bank Appoints New Head of Digital Assets

 


Goldman Sachs is seriously considering its own cryptocurrency, possibly a stablecoin, as it significantly expands its digital assets team and appoints a new head to spearhead efforts.
  1. Matthew McDermott, Goldman's new digital asset global head, confirmed the U.S. investment bank was exploring whether to launch its own digital asset, CNBC reported Thursday.
  2. "We are exploring the commercial viability of creating our own fiat digital token, but it's early days as we continue to work through the potential use cases," he said.
  3. Last month McDermott hired Oli Harris as head of strategy. Harris was instrumental in JPMorgan's blockchain, Quroum, as well as its settlement coin, JPMCoin.
  4. McDermott said he is already looking at how blockchain can make savings in the inefficient repurchase, or "repo", market used by banks to lend money to one another, as well as credit and mortgage markets.
  5. He also said Goldman might consider collaborating with its rival, JPM, as well as Facebook on future digital asset initiatives.
  6. McDermott said he plans to significantly expand Goldman's digital asset team, including doubling headcount in both Asia and Europe.

Previously on Goldman Sachs
Goldman Sachs held an investor call Wednesday to discuss current policies for bitcoin, gold and inflation in the context of the COVID-19 crisis. The big takeaway? The stalwart investment bank is still no fan of bitcoin or other cryptocurrencies.

A slideshow released before the call cited hacks and other losses related to cryptocurrencies as well as their use to "abet illicit activities" as some potential liabilities.  

Seven of Goldman's 35 slides mention bitcoin, but the people on the call only discussed bitcoin for roughly five minutes at the end, with no questions taken after.

In the call materials, Goldman notes that while cryptocurrencies like bitcoin "have received enormous attention," they "are not an asset class."

Why? The reasons include bitcoin's inherent lack of cash flow, unlike bonds, and its inability to generate earnings through exposure to global economic growth, according to the presentation. Goldman also notes bitcoin's volatility, citing the recent drop to 12-month lows in early March. The price spiked nearly 5% to $9,200 a few hours before the call.

Some professional cryptocurrency analysts were less than impressed by Goldman's analysis. "The criticisms were very cookie cutter, the type you'd expect if someone just read mainstream headlines," said Ryan Watkins, bitcoin analyst at Messari and former investment banking analyst at Moelis & Company. "It's like they didn't fully diligence the asset."

Goldman's cash flow argument was particularly odd to Tom Masojada, co-founder of OVEX Digital Asset Exchange.

"Many investments that Goldman labels as 'suitable for clients' do not generate cash flows and are primarily dependent on whether someone is willing to pay a higher price at a later date," he said on Twitter.

"One could argue bitcoin isn't backed by anything, but to liken it to a game of hot potato ignores the subjective value such a novel asset provides," said Kevin Kelly, former equity analyst at Bloomberg and co-founder of Delphi Digital, a cryptocurrency research firm that recently published a comprehensive report on bitcoin.

Bitcoin's current value, according to Kelly, is backed by "the demand for an apolitical speculative asset that may or may not turn out to be one of the world's most valuable safe havens."

The two Goldman speakers on the call, its head of research and a Harvard economics professor, said several bitcoin forks, which they refer to as "nearly identical clones," occupy three of the six largest cryptocurrencies by market value. With this, Goldman inferred that cryptocurrencies as a whole "are not a scarce resource," according to the presentation.




Antminer shipping faces delay as Bitmain founders’ row continues

 

SIC hardware manufacturer Bitmain has delayed the shipping of its block reward miners. An announcement posted on WeChat by the Antminer Sales Team—allegedly under the control of Jihan Wu—confirmed that the Chinese company has delayed all shipments by roughly three months due to "external interference over the company's management."

To compensate for the shipping delays, Bitmain is offering its customers one of two compensation packages. Customers can send Bitmain a written request to expedite the delivery of their digital currency mining hardware. If the customer does not hear back within 60 days of submitting their written request, then they will be eligible to receive a refund on their purchase from Bitmain.

Alternatively, they can also wait for their mining equipment to be delivered to them, however long that may take. In addition, the customer will receive a 'coupon equivalent' that is equal to the amount of revenue that they theoretically would have received if their mining hardware shipment was not delayed and they had been mining all along. The Antminer Sales Team says that this coupon could then be used on the customer's future purchases with Bitmain.

Are lawyers involved?

The Antminer Sales Team's recent announcement indicates that the battle between Jihan Wu and Micree Zhan for control of Bitmain might be being resolved by lawyers. When it was rumored that Micree Zhan was blocking Antminer shipments to Bitmain customers, Jihan Wu's immediate response was that he would be solving the problems created by Zhan through "legal channels." With the Antminer team saying that there is currently external interference over the company's management, it may very well be the case that the battle for control is now being settled in court.

The confirmation of the delayed shipping is the latest development to take place in the on-going feud between Zhan and Wu.

Friday, July 17, 2020

Can blockchain restore trust in technology?

 


If Bitcoin succeeds in the way its developers and entrepreneurs hope, it will be the biggest change in technology infrastructure since the mass adoption of the Internet more than 20 years ago. But will ordinary users be open or resistant to that kind of change?

Lee Rainie of the Pew Research Centre studies public attitudes to technology and has been responsible for more than 650 reports based on Pew surveys of people's online and Internet usage. So how does he see the prospects for Bitcoin and blockchain entering the mainstream?

"We live in an environment where people's trust in each other and in institutions is declining, particularly in the developed world," Rainie says, "and so blockchain has been held out as a really interesting alternative way to rebuild trust, using technology as the centrepiece of mediating interactions between people …Some of the most interesting applications of blockchain are not about cryptocurrency, they're about trusted systems of documentation and smart contracts."

If that promise could attract users by mitigating their fears about trust, Rainie does not go so far as to suggest that technology could solve all the problems: "this can't just be done by technology. You can't flip a switch and all of a sudden trust is restored and systems operate beautifully. You need human actors to design those systems, monitor those systems, explain those systems."

In terms of mass adoption, Rainie says that it may not be a question of waiting for the 'killer app' that will act as a tipping point for wide acceptance of the technology: "it possibly won't be sort of a big bang moment where all of a sudden a critical mass of people are using it. And then the rest of the world says, 'oh, we've got to get on board'. It might be more evolutionary."

It could be that adoption will first happen at an industrial level – more 'behind the scenes' – in sectors like supply chain and the financial markets.

Then, unlike the Internet, where users are aware of the technology, people may not even realise that they're using blockchain: "there will be ways in which people's finances absolutely are underpinned by blockchain technology. There are ways in which their interactions with government agencies, when they want to get a national identity card for their newborn child – now, that's going to be probably a blockchain system. But if you ask them in a survey, 'are you a blockchain user?' they might not say yes."

If blockchain isn't adopted by a 'pull' factor of attraction, it could be nudged forward by reservations about the tech giants, and the whole 'surveillance capitalism' model of targeted advertising and data collection.

Pew's latest research didn't poll the public, but instead was one of a series of studies that Rainie has ordered as Director of Internet and Technology Research, soliciting views about the future of technology from almost 700 experts, whom the report describes at "'technology innovators, developers, business and policy leaders, researchers and activists". The study found that the experts "very explicitly invoked how blockchain can be a restorative to people having confidence that their data were treated well and that their interactions with other people were being chronicled and mediated in a responsible way, that there were fewer opportunities for bad actors to step into the middle of the process."

In that respect then, Pew is reporting an optimistic view of the prospects for blockchain among a wide range of people who should be well placed to predict the future. On the other hand, it seems the experts themselves aren't too confident about their own powers of prediction. Rainie investigated that in a previous study: "one of the things that we asked in years gone by was whether these experts themselves felt confident about what the new big thing in technology was going to be five or 10 or 15 years into the future. And the vast majority said no."