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Altran Technologies S.A. (EPA:ALT) Investors Should Think About This Before Buying It For Its DividendMay 18, 2019 | dailybusinessnews
Raisins may seem like an innocent, wholesome snack, but reporter Jonah Engel Bromwich of the New York Times has an entertaining read about the not-so-innocent industry that produces them in California. The story focuses on Sun-Maid exec Harry Overly, who at 38 is much younger than the industry’s old guard….
James “Whitey” Bulger was murdered in prison —but did the Boston gangster actually want to die? That’s the theory of the former warden at Florida’s Coleman II penitentiary in Sumterville, where Bulger was imprisoned before his ultimately doomed transfer to the Hazelton federal prison in Bruceton Mills, West Virginia. In…
According to a recent survey of 10,000 European residents, 63% believe that cryptocurrencies will still be around in 10 years. However, polled respondents were not so confident about bitcoin core (BTC) lasting over the next decade as only 49% of participants believe BTC will be around.
63% of 10,000 Polled Europeans Believe Cryptocurrencies Will Still Exist in 10 Years
Japanese cryptocurrency exchange Bitflyer was recently licensed to operate in the European Union, and on April 24 the company’s European arm published a poll of 10,000 residents from various countries to find out how popular digital currencies are today. The survey was sent to residents from Norway, France, Belgium, Germany, and other regions while the researchers also parsed the responses by country. The biggest question on the survey asked participants if they believe cryptocurrencies will still exist in 10 years. Out of the entire lot of respondents, 63% think cryptos will still be around within the next decade.
Residents from Norway seem extremely positive as 73% believe that digital currencies will continue to trend in the future. This is followed by those in Italy, the Netherlands, Poland, Spain, Denmark, and Germany who voted above the 60th percentile. Respondents from Belgium, the U.K., and France showed stronger pessimism (59% or lower) toward cryptocurrencies lasting over the next 10 years. Andy Bryant, COO of Bitflyer Europe, said the poll results indicate that people are looking past the prior cryptocurrency hype and digital assets have become more established.
“It’s very easy to forget just how new cryptocurrencies still are; we’ve only just celebrated bitcoin’s 10th birthday, so for the majority of consumers to believe in crypto’s future is without a doubt an achievement,” Bryant stated after publishing the poll.
Lack of Confidence in BTC Dominance
As for the coin with the largest market capitalization today, bitcoin core (BTC), Europeans are less confident in its existence going forward. Only 49% of all the European respondents think BTC will exist 10 years from now. When separated by country, Italy (55%), Poland (53%), Spain (51%), the Netherlands (51%), and Norway (50%) expressed the most confidence in BTC. The poll also shows that Denmark (49%), Belgium (45%), the U.K. (43%), and France (40%) are the least optimistic about BTC’s future. Only 7% of all the European respondents believe that BTC will still exist as “an investment” in the next decade.
Respondents in Poland are positive BTC will still exist as an investment in the next decade but only 11% of them feel this way. This is followed respectively by Italy (9%), Belgium (9%), Germany (8%), the Netherlands (7%), Norway (6%), Denmark (6%), Spain (6%), France (6%), and the U.K. (4%). The poll indicates that a good portion of Europeans think digital assets will do well in the next 10 years in regard to the cryptoconomy as a whole. On the other hand, respondents showed considerably less optimism in BTC over the next decade, and BTC market dominance is also a good indication of the declining popularity of the digital asset.
BTC’s market dominance plummeted after staying above 78% for seven years. The decline took place on March 6, 2017, and BTC dominance has been wavering between 33-56% since Jan. 8, 2018. Furthermore, the Bitflyer poll capturing the opinions of 10,000 unique individuals from various countries across the European Union is a nice data set in regard to the sentiment toward cryptocurrencies in 2019 and beyond.
What do you think about Bitflyer Europe’s poll with 10,000 unique respondents detailing their opinions about BTC and cryptocurrencies going forward? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Pixabay, Coinmarketcap.com, Coinlib.io, and Bitcoin.com. Survey source: Bitflyer Europe.
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The post Survey Shows Europeans Think Crypto Will Last a Decade, but Are Less Confident in BTC appeared first on Bitcoin News.
Abby Williams, 13, and Libby German, 14, went for a hike on a trail near their small community of Delphi, Indiana, on Feb. 13, 2017, and never returned. The girls’ bodies were found the following day near the trail, but no arrests have been made. At one point, police released…
Audiences seem fond of Hellboy , giving the half-demon superhero’s origin story a decent 70% rating on Rotten Tomatoes . Movie critics, however, offer up a dismal 12% rating, wishing for a return of director Guillermo del Toro and star Ron Perlman of the first two Hellboy features. Here, Perlman is supplanted…
Attorney General William Barr was back on Capitol Hill Wednesday and said he believes the government did spy on the Trump campaign and plans to investigate whether it was lawful. Now that the Russia investigation has wrapped up, Barr intends to review the origins of the FBI’s investigation of the…
Censorship resistance is a much-touted attribute of decentralized networks. They allow anyone to permanently store anything onchain without seeking permission. While this is technically true, the reality, for many supposedly decentralized blockchains, is anything but. As the fate of controversial dapps has shown, even decentralized app stores aren’t immune from censorship and deplatforming.
Decentralized Networks Aren’t Immune to Deplatforming
Somesing is a karaoke app that’s popular in South Korea. The k-pop app, which is currently available on the Google Play store, is poised to be complemented by a Somesing dapp. Once readied, this decentralized app will be browsable on the likes of Dappradar and State of the Dapps. Essentially the Coinmarketcap of dapps, these sites track metrics such as daily average users, developer activity, and onchain transaction value. As an inoffensive karaoke app, Somesing is unlikely to test the limits of what’s acceptable to host on a blockchain. Other dapps, however, have run into trouble.
On Tron and EOS, the most popular dapps are overwhelmingly for gambling. Tronvegas, Tronbet, and Eosbet have over 100,000 weekly transactions apiece and impressive onchain volume; Tronbet alone has witnessed $ 350K pass through it in the past seven days, during the course of over 460,000 transactions, while Coincodex records Tronvegas as having close to 3,500 daily users. Betting is big business in dapp land, thanks to the permissionless networks the apps are hosted on, which enables anyone to play, regardless of location or age.
For the architects of blockchain networks that have witnessed significant dapp adoption, the boom in gambling presents a problem. Poker EOS wasn’t the sort of dapp that EOS overseers Block.one envisaged as the killer use case for their zero-fee network. Indeed, gambling dapps receive scarcely a mention from EOS ambassadors, who would rather not draw attention to the blockchain’s most popular use case to date. Tron that has taken this approach to new levels, moving to censor dapps that don’t meet with approval.
Tron Teams Up With Japanese Government to Enforce Censorship
Irony appears alien to the architects of many decentralized networks, who are prone to announcing partnership agreements at the drop of a hat. The latest deal closed by Tron, however, has elevated this juxtaposition to bizarre new heights. Tron has confirmed it will be “collaborating” with the Japanese government to prevent gambling dapps from being accessible within the Pacific island territory. The Tron Foundation has encouraged blocking gambling dapp users with Japanese IP addresses.
Just because something can be stored onchain doesn’t mean it can be accessed.
The inability of a few Japanese citizens to access some mediocre dapps might not seem like a big deal. But the decision strikes at the heart of the immutability and censorship resistance that blockchains are supposed to possess. If a few troublesome dapps can be blocked at a government’s request, where next? As David Morris observes, “If the Tron Foundation is capable of ‘discouraging’ illegal uses of the Tron network in specific jurisdictions, you can bet many governments will want help ‘discouraging’ piracy over the [Tron-owned] BitTorrent network.”
Deplatforming Can Take Many Forms
Conventional mobile apps listed on the Play and iOS stores are at the mercy of Google and Apple respectively. These giants enforce strict rules, and can permaban apps deemed to be in contravention at a moment’s notice. Dapps, in comparison, are not reliant upon a centralized entity to host and feature them: their backend code runs on a decentralized peer-to-peer network. Nevertheless, just because something can be stored onchain doesn’t mean it can be accessed.
Without conventional web platforms to serve as the front end, the onchain data stored by dapps might as well not exist. Dapp stores drive significant traffic to decentralized apps, including the one built into the latest Android version of the Opera browser. Take a browse through the dapps that grace the Opera store, however, and you’ll find one category to be conspicuously absent – gambling.
Dapps don’t need to be deleted from the distributed web to effectively disappear: they just need to be deplatformed or omitted by the curators of dapp stores, who are themselves subject to the law. Storing a dapp onchain is one thing. Getting it into the hands of the people is quite another.
What are your thoughts on the Tron Foundation enforcing censorship in Japan? Let us know in the comments section below.
Images courtesy of Shutterstock.
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The post Decentralized Networks Aren’t as Censorship-Resistant as You Think appeared first on Bitcoin News.
Saudi Arabia has let the world see the financials for its national oil company for the first time, and they couldn’t be much better. Saudi Aramco posted $ 111 billion in net income in 2018, making it the world’s most profitable company by far. That $ 111 billion is more than Apple…
A recent trip changed her mind