"Is That Legal?" - Social Experiment Reveals Attitudes to Cryptocurrency

Cryptocurrency trade Midex has carried out a social experiment which gives some perception into the general public notion of cryptocurrency and its legitimacy as authorized tender.

Fifty workers chosen from 5 worldwide organisations had been invited into an workplace and advised that they'd the choice of being paid in cryptocurrency as an alternative of fiat cash, and their reactions had been recorded. The taking part firms weren't cryptocurrency-related.

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The ensuing video is sort of entertaining:
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All individuals expressed shock. A few highlights for me had been a girl saying that the entire thing is a bubble “and it’s definitely going to collapse at some point”, a person asking “oh come on, why not?” on the cellphone (presumably to a extra fiscally conservative important different), and one other asking “are you certain that is authorized?”

Overall, 36 p.c mentioned sure to their wage being paid partially in cryptocurrency, and four p.c had been able to go all in.

In December of final yr, Japanese big GMO Internet introduced that it will offer the choice of Bitcoin-denominated salaries to its employees from March of this yr. Results will not be but in, however that firm has greater than four,000 workers in order that might be one thing to observe for.

Midex

Midex is a cryptocurrency trade that “has no extant analogues in the world”, in keeping with its web site. It provides that “mistakes and compromises” are eradicated by use of a “combination of neural networks and smart-contracts”.

The firm combines blockchain know-how with trendy banking, providing among the options which are sometimes obtainable to prospects of overseas trade trade platforms, comparable to commerce evaluation instruments and buying and selling bots. A buying and selling bot is an algorithm which customers programme to commerce on their behalf and in keeping with their preferences.

Its ICO is ongoing. It has bought virtually 18 million MDX tokens, and is aiming for 25 million. At zero.00296 ETH per token, it has to date taken in virtually 20.5 million .