{"id":773,"date":"2018-11-12T11:48:27","date_gmt":"2018-11-12T16:48:27","guid":{"rendered":"https:\/\/www.amp.legal\/blog\/?p=773"},"modified":"2018-12-15T18:14:29","modified_gmt":"2018-12-15T23:14:29","slug":"millennials-await-crypto-revolution","status":"publish","type":"post","link":"https:\/\/www.amp.legal\/blog\/millennials-await-crypto-revolution\/","title":{"rendered":"Millennials Await Crypto Revolution"},"content":{"rendered":"<p>YouGov <a href=\"https:\/\/medium.com\/@lendoplatformltd\/50-percent-of-millennials-are-into-crypto-22c1d070f713\" target=\"_blank\" rel=\"noopener noreferrer\">released a survey<\/a> showing that 36% of the polled participants anticipate a wide adoption of cryptocurrency in the future.\u00a0However, 25% of the participants still think that Bitcoin mostly promotes illegal transactions. Meanwhile, the survey revealed that nearly 50% of millennials \u201care interested in using cryptocurrencies as a primary form of payment.\u201d<\/p>\n<h3>The Revolution<\/h3>\n<p><a href=\"https:\/\/coin.dance\/\" target=\"_blank\" rel=\"noopener noreferrer\">Coin Dance<\/a> wants to decentralize \u201cthe revolution\u201d with its community-driven protocol that provides statistics and services for Bitcoin and Bitcoin Cash. An article from CoinCentral,\u00a0<a href=\"https:\/\/coincentral.com\/coin-dance-crypto-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Coin Dance | Community Driven Cryptocurrency Statistics<\/em><\/a>, by Ryan Smith, explains how the mission of Coin Dance is to move towards an \u201copen world, where transparency and co-operation will probably be the tools of the future.\u201d The features\u00a0offered by Coin Dance include:<\/p>\n<ul>\n<li><strong>Volume Charting<\/strong> \u2013 shows the worldwide volume of peer-to-peer marketplaces<\/li>\n<li><strong>Vanity Service<\/strong> \u2013 gives users a personalized Bitcoin address<\/li>\n<li><strong>Poker <\/strong>\u2013 offers a single-table No-Limit Texas Hold&#8217;em cash game where anonymous users can play for real bitcoins<\/li>\n<li><strong>Statistics<\/strong> \u2013 presents a range of Bitcoin statistics including price ranges, demographics, and market capitalizations<\/li>\n<li><strong>Nodes<\/strong> \u2013 reports which Bitcoin nodes are running<\/li>\n<li><strong>Politics &amp; Opinion<\/strong> \u2013 keeps track of Bitcoin developments in governments<\/li>\n<li><strong>Blocks<\/strong> \u2013 verifies the latest blocks mined and health of the network<\/li>\n<li><strong>Resources<\/strong> \u2013 provides links to the best online Bitcoin resources<\/li>\n<\/ul>\n<p>Coin Dance allows any member of the community to contribute to the platform\u2019s growth decisions, regardless of a member\u2019s social or economic status. As a result, the Coin Dance community controls the data that is provided by the platform.<\/p>\n<h3><a href=\"https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/11\/coin-dance-demographics-age.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft wp-image-776 size-medium\" style=\"float: left; padding-right: 1em;\" src=\"https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/11\/coin-dance-demographics-age-300x269.png\" alt=\"Coin Dance Demographics\" width=\"300\" height=\"269\" srcset=\"https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/11\/coin-dance-demographics-age-300x269.png 300w, https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/11\/coin-dance-demographics-age-520x467.png 520w, https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/11\/coin-dance-demographics-age-360x323.png 360w, https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/11\/coin-dance-demographics-age-250x224.png 250w, https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/11\/coin-dance-demographics-age-100x90.png 100w, https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/11\/coin-dance-demographics-age.png 613w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>Cryptocurrency Generation<\/h3>\n<p>Millennials\u00a0represent a large population segment in the United States. Currently, Millennials\u00a0<a href=\"https:\/\/bitcoinist.com\/millennials-affluent-cryptocurrency\/\" target=\"_blank\" rel=\"noopener noreferrer\">dominate<\/a> cryptocurrency investing, according to the data gathered on Coin Dance. Further, millennials are more likely to invest in cryptocurrency. On the other hand, they are <a href=\"https:\/\/www.marketwatch.com\/story\/millennials-are-afraid-stocks-are-too-risky-so-theyre-investing-in-bitcoin-2018-02-06\" target=\"_blank\" rel=\"noopener noreferrer\">skeptical<\/a> about investing in the stock market. <a href=\"https:\/\/www.edelman.com\/research\/2018-millennials-with-money\" target=\"_blank\" rel=\"noopener noreferrer\">Edelman<\/a>, a communications and marketing firm, reported that 25% of wealthy millennials own or are using cryptocurrency. In addition, another 31% are considering using\u00a0cryptocurrency in the future.<\/p>\n<p>Millennials also have an interest in peer-to-peer (P2P) lending and other cryptocurrency financial tools. <a href=\"https:\/\/www.mintdice.com\/blog\/p2p-cryptocurrency-lending-surges-in-china\" target=\"_blank\" rel=\"noopener noreferrer\">MintDice<\/a> explained that the rapid development of P2P cryptocurrency lending\u00a0allows lenders to connect with borrowers. In a case study by <a href=\"https:\/\/www.marketwatch.com\/story\/millennials-are-afraid-stocks-are-too-risky-so-theyre-investing-in-bitcoin-2018-02-06\" target=\"_blank\" rel=\"noopener noreferrer\">MarketWatch<\/a>, a millennial engineer expressed enthusiasm\u00a0that\u00a0cryptocurrencies \u201chave the potential to replace bank lending, financial litigation and a lot of things that make life incredibly complicated for ordinary people.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>YouGov released a survey showing that 36% of the polled participants anticipate a wide adoption of cryptocurrency in the future.\u00a0However, 25% of the participants still think that Bitcoin mostly promotes illegal transactions. Meanwhile, the survey [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":779,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[59,34,84,100],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Millennials Await Crypto Revolution - Cyber Law Blog<\/title>\n<meta name=\"description\" content=\"Cyber Law Blog explores legal topics with technology including privacy law and cybersecurity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.amp.legal\/blog\/millennials-await-crypto-revolution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millennials Await Crypto Revolution - Cyber Law Blog\" \/>\n<meta property=\"og:description\" content=\"Cyber Law Blog explores legal topics with technology including privacy law and cybersecurity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.amp.legal\/blog\/millennials-await-crypto-revolution\/\" \/>\n<meta property=\"og:site_name\" content=\"Cyber Law Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-12T16:48:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-12-15T23:14:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/11\/SunDance.png\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Alice M. 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