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

Cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Midex has conducted a social experiment which provides some insight into the public perception of cryptocurrency and its legitimacy as legal tender.

Fifty employees selected from five international organisations were invited into an office and told that they had the option of being paid in cryptocurrency instead of fiat money, and their reactions were recorded. The participating companies were not cryptocurrency-related.

The resulting video is quite entertaining:

All participants expressed surprise. A couple of highlights for me were a woman saying that the whole thing is a bubble "and it's definitely going to collapse at some point", a man asking "oh come on, why not?" on the phone (presumably to a more fiscally conservative significant other), and another asking "are you sure this is legal?"

Overall, 36 percent said yes to their salary being paid partially in cryptocurrency, and 4 percent were ready to go all in.

In December of last year, Japanese giant GMO Internet announced that it would be offering the option of Bitcoin-denominated salaries to its workers from March of this year. Results are not yet in, but that company has more than 4,000 employees so that will be something to watch for.

Midex

Midex is a cryptocurrency exchange that "has no extant analogues in the world", according to its website. It adds that "mistakes and compromises" are eliminated by use of a "combination of neural networks and smart-contracts".

The company combines Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology with modern banking, offering some of the features which are often available to customers of foreign exchange exchange platforms, such as trade analysis tools and trading bots. A trading bot is an algorithm which users programme to trade on their behalf and according to their preferences.

Its ICO is ongoing. It has sold almost 18 million MDX tokens, and is aiming for 25 million. At 0.00296 ETH per token, it has so far taken in almost 20.5 million dollars.