Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Bernstein analysts say blockchain immutability could help prevent censorship scandals.
ADOPTION NEWS

Bernstein analysts say blockchain immutability could help prevent censorship scandals.

By Crypto FlexsSeptember 3, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bernstein analysts say blockchain immutability could help prevent censorship scandals.
Share
Facebook Twitter LinkedIn Pinterest Email

In an era of AI-generated content abundance and concerns about censorship, analysts at research and brokerage firm Bernstein say blockchain technology has a unique role to play in the pursuit of truth.

A look back at the past few weeks, which saw Facebook founder Mark Zuckerberg admit to consenting to COVID-related censorship in 2021, Telegram CEO Pavel Durov arrested in France for allegedly failing to moderate content, and X feuding with Brazil over its failure to remove misinformation, Gautam Addagni, Mahika Sapra, and Sanskar Chindalia wrote in a note to clients on Tuesday that the “immutable ledger” nature of blockchain technology could help prevent censorship.

Analysts say that while traditional media is ramping up fact-checking on politicians during the U.S. election cycle and X is trying to moderate content by adding context rather than deleting posts or banning accounts through its Community Notes feature, Telegram is taking a more extreme stance on censorship.

Unlike other messaging apps, Telegram does not use end-to-end encryption for data and relies on distributed storage across multiple jurisdictions, making data retrieval difficult. It also uses blockchain for cross-border remittances and supports blockchain apps that integrate with cryptocurrency wallets. Despite its stance on privacy, governments have called on Telegram to be more cooperative on serious issues such as child abuse and illegal activities. However, according to analysts, Telegram strongly opposes censorship due to concerns that it could lead to widespread suppression of political views and freedom of speech.

Adding, Safra, and Chindaliah say this raises important questions about what truth is, who gets to decide what’s true, whether governments should be the ones to decide what’s true and pressure the media to censor content or open backdoors for monitoring, and how we should moderate AI content compared to human-generated content.

Blockchain-based social media and democratization of markets

Analysts say there have been attempts to launch blockchain-based decentralized social media platforms, such as Farcaster and Lens, but so far they have had minimal user adoption and struggled in terms of user network effects as most users still prefer centralized platforms.

But blockchain, they argued, has a unique way of democratizing markets by allowing users to tokenize and create markets for any event, and conveys truth by “adding skin to the game.”

One example they highlight is their use of Polygon-based decentralized prediction platform Polymarket ahead of the U.S. presidential election. If users believe that traditional election polls are biased, they can follow Polymarket odds instead to see if they differ from the polls, Chhugani, Sapra, and Chindalia said.

On Monday, Kamala Harris’s odds of winning the November election dropped to 47 percent at Polymarket, while Donald Trump’s odds of winning reached 51 percent as of Tuesday. Trump had been ahead of Harris after the candidates had previously been tied 50-50, and the vice president was ahead in early August. Analysts noted that the numbers compare favorably with national polls that had Harris at 47 percent to 44 percent.

Polymarket’s odds of winning the presidential election. Source: Bernstein.

To cope with the rise of AI-generated content, Bernstein analysts suggest that advances in zero-knowledge proofs could help authenticate human content and add annotations that differentiate it from AI content.

“While AI brings abundance, productivity, and creativity, blockchain balances this by seeking truth, scarcity, and decentralization of power,” they said.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Coinbase will delist wrapped Bitcoin as judge rejects BiT Global request

December 19, 2024

Arkham Intelligence Unveils Enhanced Alerts 2.0 with New Features

September 10, 2024

New BNB Chain TVL incentive program offers up to $160,000 to build opBNB-based Web3 projects

December 6, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.