Corona is spreading in many countries!! Bitcoin is a solution for transactions - page 7.

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: DooMAD on March 08, 2020, 06:47:49 PM

I'm still not sure I understand the hysteria over all this. Normal flu has potentially contributed to killing hundreds of thousands of people each year, but that's not on the news every day.

That's the most reasonable opinion in the room, I agree. It's the fear of the unknown that's driving all the hysteria. At this stage, we don't fully understand how COVID-19 is spread, and it seems to spread much more easily than similar viruses:

Quote

The new virus spreads much more readily than the one that caused severe acute respiratory syndrome, or SARS (also a coronavirus), and has infected more than ten times the number of people who contracted SARS.

Genomic analyses of the new coronavirus have revealed that its spike protein differs from those of close relatives, and suggest that the protein has a site on it which is activated by a host-cell enzyme called furin.

This is significant because furin is found in lots of human tissues, including the lungs, liver and small intestines, which means that the virus has the potential to attack multiple organs, says Li Hua, a structural biologist at Huazhong University of Science and Technology in Wuhan, China, where the outbreak began.

People are also fearful since it could take more than a year to develop a vaccine.

Twentyonepaylots

sr. member

Activity: 1918

Merit: 370

Quote from: DooMAD on March 08, 2020, 06:47:49 PM

I'm still not sure I understand the hysteria over all this. Normal flu has potentially contributed to killing hundreds of thousands of people each year, but that's not on the news every day.

Plus, as others have said, there's likely very little impact on Bitcoin in terms of adoption because people supposedly don't want to handle physical cash. I think people are just looking for an excuse to be bullish on speculation.

Are you saying that the internet is just over reacting to corona virus? cause this is definitely true that there are plenty of people dying jsut because of a simple flu and not being reported on the news, but the fact that the virus is news people should be aware of it. Bitcoin could potentially be used on this kind of situation like in China, Korea and other countries that have been hit by the virus.

DooMAD

legendary

Activity: 3948

Merit: 3191

Leave no FUD unchallenged

I'm still not sure I understand the hysteria over all this. Normal flu has potentially contributed to killing hundreds of thousands of people each year, but that's not on the news every day.

Plus, as others have said, there's likely very little impact on Bitcoin in terms of adoption because people supposedly don't want to handle physical cash. I think people are just looking for an excuse to be bullish on speculation.

joinfree

sr. member

Activity: 1274

Merit: 260

1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

I believe everyone is definitely aware of the dangers and spread of Corona Virus but certainly bitcoin is not the ideal solution to be used as payment method globally. This is likely to keep the network full of unconfirmed transactions. However, it can be used in areas that have been hit seriously like China, Korea, italy, France etc.

gundala

full member

Activity: 896

Merit: 108

The plague caused by the Covid 19 virus really needs to be watched out, but remember, do not spread panic but provide useful information and provide as much help as possible to prevent the expansion of this outbreak. In fact, even though this is quite dangerous, many people who contract the virus can recover. By implementing a healthy lifestyle and good hygiene habits can reduce the risk of contracting.

Regarding the use of cryptocurrency to prevent transmission of the virus by contact using money media, I think there is already an e-money that is more effective and widely used. Many effectiveness is superior, including the legality, so there is no need to rush to use bitcoin, in fact, there are still many people who do not understand.

Quote from: Chrystora123 on March 07, 2020, 11:07:54 AM

1. Kab'ah empty
this is one of the extraordinary effects because we know that the Kab'ah is never empty by worshipers who want to worship (even during renovations).

I was quite sad to see Mataf in the empty Kaaba which is usually filled with Muslims for Tawaf. This really makes my heart tremble, when God puts the test, this is where we have to be truly grateful for our health.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Quote from: Darker45 on March 07, 2020, 08:19:09 PM

Bitcoin is an option when something like this happens, but it is not the only one. We have several other online payment options, of course. But we really have to do away with hard cash for now, and even cards, certificates, stubs, and anything that will require people to make contact with one another. Accordingly, the virus may actually settle in the fibers of money or paper. That is why paper bills are already passing through a disinfection process before released to the public once again. But if possible, people should just choose online or crypto payments.

Anyway, I am seeing how COVID-19 is shaking the world in a way. If I may add some effects of COVID-19 to the world's day to day life.

Classes are suspended.
Flights are cancelled.
Conferences, seminars, training, meet-ups, and even nationwide exams are either postponed or cancelled.
Stocks and replacements of goods are drained.
Religious services have been cancelled or done online.
Tourism hits the bottom.
Discrimination are somehow awakened.
Panic buying of masks, disinfectants, and even food.
Unemployment is rising.
Shares are falling in many countries.
Streets, markets, parks, etc. are deserted.

Bitcoin is a good thing to pay for stuff without touching anything. There are more than 700 cases in France, and I am starting to wonder whether this could push to the decision of recognizing Bitcoin as legal money there... As for other effects, it's quite terrible. We were organizing a conference at our university which was supposed to happen in less than two weeks, but two days ago an official statement banning conferences and other events that unite many people in one place... I just wish Bitcoin could help with stuff like that as well, I guess Grin

Chrystora123

full member

Activity: 1414

Merit: 228

Omicron is another FUD

Quote from: mk4 on March 08, 2020, 08:44:01 AM

Quote from: Quidat on March 07, 2020, 10:47:16 PM

I dont know why people are really that positive enough to believe that bitcoin would replace that traditional online banking. lol

There's really a chance though. It's just that it won't really happen in a snap of a finger. It's just going to take time. A LOT of time. Bitcoin's liquidity is simply not there yet. But in the future? Maybe. Time will tell.

You're right, it's not that easy and brief to make cryptocurrency generally accepted by many people, it takes time and complex education. but I think "ready or not", the world government must start to educate about cryptocurrencies because "Stable Coins"can already be one of the legal payment instruments.

btw.. thank you for the positive opinion expressed in this thread.. hopefully, the spread of the Covid-19 virus can be reduced immediately by WHO, so that the panic disappears and the world returns to normal.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Physical cash is one of the main routes for Coronavirus transmission. The banknotes and coins are being used by dozens of individuals every week and the virus remains in them and contaminates who ever touches them. There were reports from China about the government burning banknotes, in a bid to contain the spread of the virus. I even read about reports where the government was planning to ban physical cash altogether, so that the virus spread could be slowed down.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: Quidat on March 07, 2020, 10:47:16 PM

I dont know why people are really that positive enough to believe that bitcoin would replace that traditional online banking. lol

There's really a chance though. It's just that it won't really happen in a snap of a finger. It's just going to take time. A LOT of time. Bitcoin's liquidity is simply not there yet. But in the future? Maybe. Time will tell.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

People will not start using Bitcoin just because of corona virus. You forget that many people still don't know that Bitcoin exists and that will not change over night.
They will not give up fiat money and id they will not use it in physical way they still have credit cards.
Yes, virus can be spread through money bills but also through other objects that people use but you can't just stop using everything and live in constant fear.
Don't push.the theory that corona virus is good for Bitcoin because that is not true.

BlackFor3st

hero member

Activity: 1932

Merit: 506

Betking.io - Best Bitcoin Casino

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

There are so many aspects to consider with this Corona Virus to avoid spreading.
Everybody should be aware of the options available. I do agree with your suggestion,
Crypto should be recognized as a solution to the current status of the economy because of the Corona Virus.

Though we don't like this kind of situation from happening again, but this is a good example where the usage of crypto is inevitable. Less contact with your local fiat which has been changed hands so many times you don't even know how many people have been touching that paper money. However, the percentage of people that know how to transact with crypto is very small so maybe this time, they will try to explore the possibility of using digital currencies. Consequently, it may drive mass adoption.

ballerin and giroud

member

Activity: 868

Merit: 16

Government has digital currency as well and it being used by all people in my opinion. And they will use first their money fiat in form digital currency for payment system. Indeed, bitcoin and altcoin can be used as a solution as well with one note government can accept the using of cryptocurrencies as a payment system in their country. This virus is very horrible, its transmission is very fast and a lot of media that can be transmitted including through money.

Quidat

hero member

Activity: 2688

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: mk4 on March 07, 2020, 10:35:21 PM

So you're pretty much saying that Bitcoin is the only way we can transact in a cashless manner? I mean, I'm a huge ass bitcoin bull in the long term but you might want to think realistically. Let's not act as if online banking and online payments platforms like PayPal/Venmo/CashApp/etc doesn't exist.

I dont know why people are really that positive enough to believe that bitcoin would replace that traditional online banking. lol
Without even having second thoughts that theres already a way on making cashless transactions even crypto doesnt exist.
They do really believe that they will consider it out? Im sure it won.

For now there might be some show of interest but doesnt mean that it will be considered generally.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

So you're pretty much saying that Bitcoin is the only way we can transact in a cashless manner? I mean, I'm a huge ass bitcoin bull in the long term but you might want to think realistically. Let's not act as if online banking and online payments platforms like PayPal/Venmo/CashApp/etc doesn't exist.

Latviand

full member

Activity: 1540

Merit: 219

But how sure are we that it is only Bitcoin which is the solution to this problem? There are online banking and other digital currencies so how come that we should expect Bitcoin will be the only medium given that there are still countries to which it is not yet recognized as an official currency to be used in online services due to its market price instability. There could be a time where Bitcoin would be the main medium but not as this early. There will be further developments for such thing to happen.

Quote from: gentlemand on March 07, 2020, 06:22:08 PM

I wonder how much filth is on the average banknote vs the buttons on a card payment machine. The cash could've been laying dormant for days. A card machine in a supermarket will have been fingered by people who've been fingering rancid rent boys ten minutes before. I'll be using a pencil from now on if it goes above the contactless limit.

As for the original theme of the thread, no one gives a shit. Other than hopeful Bitcoin fans of course.

There are just these people who are becoming absurd when it comes to Bitcoin. We do recognize Bitcoin as a helpful currency but we cannot disregard its flaws. Bitcoin still is under the process of development and with that being said, we cannot fully make use of it at this point other than a form of investment.

Assface16678

full member

Activity: 1484

Merit: 136

★Bitvest.io★ Play Plinko or Invest!

Today one of the widely spreading news is the coronavirus many people today are getting affected with this virus, and one of the cause is the food they eat like bat, insects, and more that always migrate into different places and becomes a host to that disease and that is start into Wuhan, China and now spreading all over the world because there are some people came from the affected country and transfer into another one also this kind of disease is airborne so it can be touched into different objects like the money, we can infect quickly now with moving money, and it is better if we are going to use the cryptocurrency or the digital currency to pay or transfer funds to avoid having a direct contact with the things of the infected person; also it is good to buy a bitcoin and use this to buy a lot of things we need to do because it is more faster and efficient than the traditional way of paying and we are also avoiding the virus.

Darker45

legendary

Activity: 2576

Merit: 1860

Bitcoin is an option when something like this happens, but it is not the only one. We have several other online payment options, of course. But we really have to do away with hard cash for now, and even cards, certificates, stubs, and anything that will require people to make contact with one another. Accordingly, the virus may actually settle in the fibers of money or paper. That is why paper bills are already passing through a disinfection process before released to the public once again. But if possible, people should just choose online or crypto payments.

Anyway, I am seeing how COVID-19 is shaking the world in a way. If I may add some effects of COVID-19 to the world's day to day life.

Classes are suspended.
Flights are cancelled.
Conferences, seminars, training, meet-ups, and even nationwide exams are either postponed or cancelled.
Stocks and replacements of goods are drained.
Religious services have been cancelled or done online.
Tourism hits the bottom.
Discrimination are somehow awakened.
Panic buying of masks, disinfectants, and even food.
Unemployment is rising.
Shares are falling in many countries.
Streets, markets, parks, etc. are deserted.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: hatshepsut93 on March 07, 2020, 04:56:23 PM

Cash is such an insignificant vector for the spread of this (or any other) disease, there's no need to panic about it, just was your hands after handling cash and you will be fine.

it's not cash that's the problem. it's being in the physical presence of other (potentially infected) people.

Quote

The virus is thought to spread mainly from person-to-person.

Between people who are in close contact with one another (within about 6 feet).
Through respiratory droplets produced when an infected person coughs or sneezes.

https://www.cdc.gov/coronavirus/2019-ncov/about/transmission.html

so i can see the appeal of getting groceries and other goods delivered directly to your home, rather than braving crowded marketplaces right now. i would avoid crowds and shopping in general.

the thing is you don't need bitcoin to do that. amazon, primenow, instacart, etc all work with credit cards and the gamut of electronic payment methods. the OP is really reaching. the coronavirus isn't gonna increase bitcoin adoption.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Uhh virtual banking bro. Bitcoin is way too young atm. Not enough to fill the void of not using fiat currency. Especially with how only there are a few number of mediums out there that accept BTC as payment. Also, using Bitcoin as a solution for transactions IS NOT gonna fix the problems of factories closing down ( temporarily) and the weird leg shaking greeting officials do.

In essence, this isn't even a solution to the problem. The virus is still there, and even if transactions were done online ( which I'm pretty sure most of the people who know about it do it), the virus could still spread in different avenues.

Topic: Corona is spreading in many countries!! Bitcoin is a solution for transactions - page 7. (Read 1000 times)