Bitcoin can save some people's lives :-> - page 3.

Latviand

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Not necessarily Bitcoin. People may choose any digital mode of payment if it is their health which is your concern, since what they are trying to avoid is physical contact with other people. And more likely, they would choose those of which is being widely used by some countries over bitcoin because of the market price stability. If they are not into profit, converting their money into crypto or Bitcoin perhaps, would turn it into an investment and since the market prices are naturally volatile, there are chances for profit loss which is a downside given that we are talking about a "crisis", and they cannot and also won't have time to wait for the prices to go up before they would fully make use of their money without hesitations.

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Bitcoin can make people die suddenly when seeing bitcoin price down to lower price, how many people looks frustrated after buying bitcoin in higher price about $16k and what situation when seeing bitcoin right now down, will be side to make some one die suddenly when not ready with bitcoin going down.

Frustration will really exist and that won't be necessary for them knowing that they are in times of difficulties. So maybe, converting their money into Bitcoin will not be beneficial at the moment.

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Quote from: Kakmakr on February 11, 2020, 01:47:13 AM

I watched a Youtube video last night about the food merchants in some of the markets in Wuhan and I noticed that most of them are using electronic payment methods to pay for goods. < Wechat Pay >

Ok, it is not Bitcoin, but if more merchants using Fiat currency can switch over to Bitcoin, you might see less infections. The reason for this is simple, because the Corona virus can be transmitted from person to person via cash being used on a daily basis.

People can also do online payments with Bitcoin to avoid handling physical cash and thus avoiding infection. It can also prevent people from being infected from a host of other viruses and bacteria that can survive for days on physical coins and notes.

This is just one more reason for people to move away from physical payment methods and shifting to a cash-less financial system in the future. Wink

This has a point somehow and aside from it will probably avoid possible transmission of virus it will make every transaction much faster than when paying using cash. However, in the case of China, they limit the use of crypto or bitcoin that is why it is not sure if their government will allow the use use of it as a currency.

Avoidance of physical interaction is just a narrow angle with regards to this case.

Kakmakr

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Quote from: finaleshot2016 on February 16, 2020, 06:51:37 PM

In China, payment platforms are being used frequently since it's very essential than bringing the whole bag of money when buying goods. In some malls here in Philippines that adapted that method, most of the stalls accept PayPal, Wechat Pay, Alipay, and Gcash.

So imagine, if those payment methods were replaced by Bitcoin, then it's more necessary since most of the people now are aware that cryptocurrency is more reliable to make a profit.

You cannot simply replace it, if you cannot find a reason for people to swap to it. I think from previous discussions on this topic, a lot of people agree that Bitcoin are a better store of value than most of these Fiat based centralized payment options. People will only understand why centralized payment options are bad, if you explain it to them.
Also, Bitcoin will have to compete with the speed of these other payment options and I can tell you from experience that most of these other payment options are a lot faster than Bitcoin. We will have to switch them to the Lightning Network payment options and then these people will have to run a Lightning network hub. Roll Eyes

Bitcoin payment will also require the merchants to use a QR code for the Bitcoin payments to make payments faster.. like they use with Wechat Pay. Roll Eyes

My solution to this virus problem should be targeted to people who are not using these other payment options or some of them who wants a currency that can actually store the value of their wealth or even increasing it. Wink

7788bitcoin

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OP basically only give an example how to describe the easiest way to using electronic money than physical money and i think China already have done it before that their citizen using electronic money to made transactions and they were slightly can be called as cashless society but with the current development of bitcoin i highly doubt bitcoin can became new solution for cashless society because bitcoin is too controversial for some countries

I am not a fan of a complete cashless society and the Chinese situation right now is that they want to have more control by implementing a blockchain to all these digital platform and thereby they can monitor all the cash flow and that is what i am expecting to happen globally in the next twenty years. Not sure whether any corrupted government will move to a public blockchain as their corruption will be available to the public, but we will see many changes in the next decade.

finaleshot2016

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In China, payment platforms are being used frequently since it's very essential than bringing the whole bag of money when buying goods. In some malls here in Philippines that adapted that method, most of the stalls accept PayPal, Wechat Pay, Alipay, and Gcash.

So imagine, if those payment methods were replaced by Bitcoin, then it's more necessary since most of the people now are aware that cryptocurrency is more reliable to make a profit.

gundala

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Quote from: Kakmakr on February 11, 2020, 01:47:13 AM

~

This is just one more reason for people to move away from physical payment methods and shifting to a cash-less financial system in the future. Wink

In theory it is indeed very effective in preventing the spread of the virus quickly. But the fact is, cash is more effective and faster to use for payments, without time off and not dependent on the internet. Imagine, it would be difficult if it was implemented in remote places and traditional markets where internet access is difficult. Is not it?
There are other ways that are more effective and easy to implement to cut the spread of the virus, namely, provide education about the importance of maintaining cleanliness by the local service, implementing a healthy lifestyle, etc.

pixie85

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Another corona virus panic thread...

The mortality rate of this virus is between 1 and 2% which is still very low. The mortality rate of Ebola is 90% and this virus is still active. I remember reading about new cases in early 2020, before this corona panic fueled by the media.
Nobody is going to care about transmission through money or sneezing since many people can be carriers without ever developing symptoms. Read about it, that's the truth. How are you going to protect yourself from people who look fine but are carrying and spreading the virus without even knowing it?

fiulpro

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Also I do think people won't be able to get out of their houses but at the same time they cannot just stop making money , because they have a family to support therefore I do think one can start trading in cryptocurrencies and other things so that they can safely help their families and at the same time prevent risking their own lives .
At the same time there are people who government have deemed untouchable , they can even work , till they are healthy ofcourse I do think it's an amazing aid .

rdluffy

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Some time ago they did a research in my country about the cash money
They found many substances, including feces, yes feces in the money we use on a daily basis.
Can you imagine picking that money, paying, and put your hands on your food?

So I think this is one of the reasons online payments are good

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Quote from: jhonjhon on February 16, 2020, 08:44:49 AM

Good point, with online payments the lesser chances of getting infected because you don’t need to use or have contact with paper money that carries the virus or germs and aside from that online payments is more convenient and fast compared to using the paper currency. I know some merchants and now accepting bitcoin and it is only a matter of time for others to adopt.

I think transactions using digital currencies can indeed be like that but it can only be applied when you buy something that has a digital form because if you buy in physical form and package it to you and the sender is infected with a virus then when the package you receive has the potential to be affected viruses also remain cautious when you make transactions in packages from other countries.

jhonjhon

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Good point, with online payments the lesser chances of getting infected because you don’t need to use or have contact with paper money that carries the virus or germs and aside from that online payments is more convenient and fast compared to using the paper currency. I know some merchants and now accepting bitcoin and it is only a matter of time for others to adopt.

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Quote from: BlackFor3st on February 16, 2020, 05:48:45 AM

Quote from: Kakmakr on February 11, 2020, 01:47:13 AM

I watched a Youtube video last night about the food merchants in some of the markets in Wuhan and I noticed that most of them are using electronic payment methods to pay for goods. < Wechat Pay >

Ok, it is not Bitcoin, but if more merchants using Fiat currency can switch over to Bitcoin, you might see less infections. The reason for this is simple, because the Corona virus can be transmitted from person to person via cash being used on a daily basis.

People can also do online payments with Bitcoin to avoid handling physical cash and thus avoiding infection. It can also prevent people from being infected from a host of other viruses and bacteria that can survive for days on physical coins and notes.

This is just one more reason for people to move away from physical payment methods and shifting to a cash-less financial system in the future. Wink

Your idea is great especially that we are facing this kind of situation where anyone can be infected easily by just receiving the fiat payment. If we will just use our cellphones and we will use digital payment then we can lessen the chance to be infected by other people who have the virus.

This is the right time for the infected area to use this kind of payment even if they will not use bitcoin as long as they will stay away from fiat payment as of the moment. And they can just resume the usage of fiat once they will be virus free already.

One of the fastest-growing transactions today is with the use of cryptocurrency many people would like to join into world of cryptocurrency and most of the time we want to earn more with the help of it. Now many people getting rich because of cryptocurrency because they have enough capability to learn more things and to be a high skills related to the world of crypto. One of the largest problem today of the people is the virus we called "Corona Virus" this is just a new virus and many people getting affected on it and today with the use of bitcoin the highest profitable market in the world of crypto we can use this to donate to the people who are affected of the virus we can give them a lot of mask, foods, and also clothes because some of them does not have enough time to take all the things they need because of the outbreak happen. With the use of cryptocurrency, we can convert our funds into the fiat currency so it is easier to transfer money than the use of crypto because some of the countries now does not support the use of it.

MWesterweele

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Quote from: Diirtmaan on February 16, 2020, 06:57:41 AM

Quote from: Kakmakr on February 11, 2020, 01:47:13 AM

I watched a Youtube video last night about the food merchants in some of the markets in Wuhan and I noticed that most of them are using electronic payment methods to pay for goods. < Wechat Pay >

Ok, it is not Bitcoin, but if more merchants using Fiat currency can switch over to Bitcoin, you might see less infections. The reason for this is simple, because the Corona virus can be transmitted from person to person via cash being used on a daily basis.

People can also do online payments with Bitcoin to avoid handling physical cash and thus avoiding infection. It can also prevent people from being infected from a host of other viruses and bacteria that can survive for days on physical coins and notes.

This is just one more reason for people to move away from physical payment methods and shifting to a cash-less financial system in the future. Wink

Following your logic, the world should become like the world in the movie Demolition Man. There, because of the fear of disease, people refused to shake hands, use paper money and etc. I agree that online payments are the future, but your reason why people should refuse fiat money looks ridiculous

I think yes bitcoin can save people lives by financial because it can get here an extra income and support you financially. But still its better to have permanent work than depend on it because it is still not yet accessible to used and not convenience to used in any store especially when you buying becuase bitcoin can used only when there's internet, also bitcoin is good to used for easy transaction so when someone want to transfer money then they will used bitcoin.

Diirtmaan

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Quote from: Kakmakr on February 11, 2020, 01:47:13 AM

I watched a Youtube video last night about the food merchants in some of the markets in Wuhan and I noticed that most of them are using electronic payment methods to pay for goods. < Wechat Pay >

Ok, it is not Bitcoin, but if more merchants using Fiat currency can switch over to Bitcoin, you might see less infections. The reason for this is simple, because the Corona virus can be transmitted from person to person via cash being used on a daily basis.

People can also do online payments with Bitcoin to avoid handling physical cash and thus avoiding infection. It can also prevent people from being infected from a host of other viruses and bacteria that can survive for days on physical coins and notes.

This is just one more reason for people to move away from physical payment methods and shifting to a cash-less financial system in the future. Wink

Following your logic, the world should become like the world in the movie Demolition Man. There, because of the fear of disease, people refused to shake hands, use paper money and etc. I agree that online payments are the future, but your reason why people should refuse fiat money looks ridiculous

nienzer

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Quote from: Kakmakr on February 11, 2020, 01:47:13 AM

I watched a Youtube video last night about the food merchants in some of the markets in Wuhan and I noticed that most of them are using electronic payment methods to pay for goods. < Wechat Pay >

Ok, it is not Bitcoin, but if more merchants using Fiat currency can switch over to Bitcoin, you might see less infections. The reason for this is simple, because the Corona virus can be transmitted from person to person via cash being used on a daily basis.

People can also do online payments with Bitcoin to avoid handling physical cash and thus avoiding infection. It can also prevent people from being infected from a host of other viruses and bacteria that can survive for days on physical coins and notes.

This is just one more reason for people to move away from physical payment methods and shifting to a cash-less financial system in the future. Wink

This is a strange reason because even when paying with Bitcoin you will use a physical payment medium like a card, phone, etc. However, there is truth in your words, it's better than fiat

BlackFor3st

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Quote from: Kakmakr on February 11, 2020, 01:47:13 AM

I watched a Youtube video last night about the food merchants in some of the markets in Wuhan and I noticed that most of them are using electronic payment methods to pay for goods. < Wechat Pay >

Ok, it is not Bitcoin, but if more merchants using Fiat currency can switch over to Bitcoin, you might see less infections. The reason for this is simple, because the Corona virus can be transmitted from person to person via cash being used on a daily basis.

People can also do online payments with Bitcoin to avoid handling physical cash and thus avoiding infection. It can also prevent people from being infected from a host of other viruses and bacteria that can survive for days on physical coins and notes.

This is just one more reason for people to move away from physical payment methods and shifting to a cash-less financial system in the future. Wink

Your idea is great especially that we are facing this kind of situation where anyone can be infected easily by just receiving the fiat payment. If we will just use our cellphones and we will use digital payment then we can lessen the chance to be infected by other people who have the virus.

This is the right time for the infected area to use this kind of payment even if they will not use bitcoin as long as they will stay away from fiat payment as of the moment. And they can just resume the usage of fiat once they will be virus free already.

cryptofarid10

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Bitcoin can save some people's lives. Yes, thats right. Special it’s very harmful for a students. Students can earn some btc for her poket Money

Woodie

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If you linking bitcoin to the Wuhan virus I suppose it can, which explains why those guys there are using robots to serve customers or dispense meds all in an effort to avoid human contact and spread of the virus.

Lecam

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Yeah agree for that many people save their lives especially in financial problems. And I believe also that many are believing that bitcoin can give us good life I remember when I first heard about bitcoin I would like to invest that time but its hard to say that time I have no enough money to buy bitcoin. But now I'm willing to earn money so that I can buy bitcoin to hold in long term.

vicoma

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Not only can Bitcoin save some people's lives, but it can also save the present generation and the one to come from financial hardness. Many use cases have established themselves across the world like BTC ATM machine, online shopping etc all without any third party interference.

dongosquad

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Paper money and coins have become one of the media spreading viruses. Actually this can be overcome if users can and are more concerned about cleanliness. But this is a plague so it's hard to avoid it. Seeing this case, emoney and cryptocurrency can be the most effective alternative to break the chain of the spread of the virus so that the outbreak is not widespread. See? technological development provides more benefits for humans. Let's be more caring and open about this and don't just focus on the negative side.

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