According to this article created by CNN, South Kore's central bank is currently quarantining all their banknotes from circulation as it became a big factor to the spread of the virus.hhl
Topic: Let's break our boundaries with Bitcoin (Read 637 times)
We need not necessarily clean every road we see, things we handle, or sanitize everything that we have. But to consider money as a means of transaction is quite dangerous day by day.
According to this article created by CNN, South Kore's central bank is currently quarantining all their banknotes from circulation as it became a big factor to the spread of the virus.hhl
According to this article created by CNN, South Kore's central bank is currently quarantining all their banknotes from circulation as it became a big factor to the spread of the virus.hhl
During the current crisis, bitcoin is not an option. Not all countries have their own digital currency yet
Bitcoin can be made as an option in my opinion. As you can see now when the major of investment place in decreasing bitcoin has done an opposite. Its price was trying to reach $10.000 and it has reached. What that is mean? Do you still believe bitcoin isn't an option? You may need to think it a thousand of time mate. Even, I heard before bitcoin bounce to $10.000 there is American milliader who says that he will buy bitcoin when inflanation comes. It has pointed out that bitcoin is really an option to store money in any situation. Every fiat currency can be transferred digitally and transaction can be done digitally too. Bitcoin is not an option here. Different countries have different approach towards coronavirus. In my country people are using mobile based fiat wallets more than cash.
I hope this is taken advantage by the people here in our place. People are still using the old way of transaction, using banknotes. Despite the pandemic that is happening, they are not welcome to new approaches, since they can just use fiat they are just limiting themselves into that. No stores accepted payments online, it is either they pay directly using fiat or use cards which is like the same since they are still handing their card.
During the current crisis, bitcoin is not an option. Not all countries have their own digital currency yet
We need not necessarily clean every road we see, things we handle, or sanitize everything that we have. But to consider money as a means of transaction is quite dangerous day by day.
That is right, one of the easiest media to transmit this virus is money. We don't know who the money is from and whether it passes through healthy people or is exposed to corona. Personally, I decrease the activity of using money as a means of transactions. Using digital money is better. Moreover when it can use the crypto, much better, but in my country, crypto is still illegal for the payment transactions. There are some advantages that we could tell them regarding bitcoin being alternative to cash:
You have listed the advantages of Bitcoin compared to cash. It is actually clear enough. Bitcoin will help us better if it can be legalized as one of the payment methods. However, in some countries, it is restricted and illegal. The Bitcoin may be more and more famous because of this pandemic, however, about using it for means of payment, it will limit only in some countries. However, hopefully, this pandemic can open the country to be away from such boundaries.
Your illustration about the usage of Bitcoin in time like this is perfect but how many will accept digital asset as a means of exchange at present, this will still lead us to end of using FIAT, although that is the idea, but not at sight at the moment.
Wow, you put so much effort into making this post and never got any merits? It is not impossible to rank up here. Only popular people will ever rank up. Unless you copy-paste it? Even then...
Anyway. I have often wondered about making a big deal out of having everything sanitized and sterile yet no one talks about the banknotes we see and use every time we go to the shops for food. Even if you pay with a card you still need to enter in your pin and touch the buttons everyone else has. Bitcoin would solve this but I don't see it as such a big selling point. The economy is really not doing well and people will be very afraid to try something new like bitcoin and risk their financial situation even more. I can understand that though.
Anyway. I have often wondered about making a big deal out of having everything sanitized and sterile yet no one talks about the banknotes we see and use every time we go to the shops for food. Even if you pay with a card you still need to enter in your pin and touch the buttons everyone else has. Bitcoin would solve this but I don't see it as such a big selling point. The economy is really not doing well and people will be very afraid to try something new like bitcoin and risk their financial situation even more. I can understand that though.
At least from this pandemic, we can learn several things:
- more concerned in maintaining cleanliness and a healthy lifestyle. Paper money and coins can be a medium for spreading viruses, we can take anticipatory measures to reduce the adverse effects by washing hands frequently, not touching the face area before washing hands, wearing masks/gloves, etc.
- we must have a side job to keep our finances stable during a crisis like this.
- we know that there are many payment alternatives besides fiat, e-money, and cryptocurrency. Of the two alternatives, the most effective is of course e-money, just like fiat right, it only has a different form. E-money is more effective because of its wide adoption, not comparable with cryptocurrency that is full of pros and cons. We really have to be open with technological developments, I'm sure, someday cryptocurrency will also be the best alternative in the financial system.
This is true. People who work from home(freelancers) really won't find this as a problem for them because they are used to it.
And also this pandemic will teach people alot about healthiness and realise so many things like observing cleanliness, not putting paper money in the some part of the body. Accepting QR code payment should be adopted.
This is interesting, but not everyone will support this initiative. Making a payment in bitcoins is a process that takes time, and the more transactions, the greater the load. This is not very convenient for an ordinary buyer who is used to making their transactions instantly.
Welcome to the new and improved Bitcoin.
At least from this pandemic, we can learn several things:
- more concerned in maintaining cleanliness and a healthy lifestyle. Paper money and coins can be a medium for spreading viruses, we can take anticipatory measures to reduce the adverse effects by washing hands frequently, not touching the face area before washing hands, wearing masks/gloves, etc.
- we must have a side job to keep our finances stable during a crisis like this.
- we know that there are many payment alternatives besides fiat, e-money, and cryptocurrency. Of the two alternatives, the most effective is of course e-money, just like fiat right, it only has a different form. E-money is more effective because of its wide adoption, not comparable with cryptocurrency that is full of pros and cons. We really have to be open with technological developments, I'm sure, someday cryptocurrency will also be the best alternative in the financial system.
I've noticed that the concern about the Coronavirus is still continuously growing. More and more cases are being recorded day by day and I find it too alarming that we don't do something about it. Or just to contribute some ways on how we could reduce the cases by means that we know.
We need not necessarily clean every road we see, things we handle, or sanitize everything that we have. But to consider money as a means of transaction is quite dangerous day by day.
According to this article created by CNN, South Kore's central bank is currently quarantining all their banknotes from circulation as it became a big factor to the spread of the virus.
This is when we need to take our edge on being one of the early adopters of Bitcoin to attract people to use bitcoin or other cryptocurrencies instead of cash.
There are some advantages that we could tell them regarding bitcoin being alternative to cash:
I know this is quite bias to consider only bitcoin as the crypto to be used, but the idea here is to introduce them and literally reduce their risk to acquire the virus. In addition, bitcoin will supply the basic knowledge of cryptocurrency to them as they enter the cryptospace, to learn and to innovate their way of transaction.
We need not necessarily clean every road we see, things we handle, or sanitize everything that we have. But to consider money as a means of transaction is quite dangerous day by day.
According to this article created by CNN, South Kore's central bank is currently quarantining all their banknotes from circulation as it became a big factor to the spread of the virus.
Image Link
This is when we need to take our edge on being one of the early adopters of Bitcoin to attract people to use bitcoin or other cryptocurrencies instead of cash.
There are some advantages that we could tell them regarding bitcoin being alternative to cash:
- Cashless Transaction - The spread of the virus is quite fast, so transacting without personal interaction is advisable
- Fast Transaction - Instead of staying in a place to pay a particular service such as bills or fees, bitcoin will save their time and can prevent them to interact to someone that is infected.
- Alternative - We could tell them that for the meantime, it is dangerous to use cash so bitcoin will just serve as an alternative will not really replace their currency.
- Potential Bitcoin increase - to further attract people to use bitcoin, tell them that at this time, more and more people are seeing the potential of bitcoin which is also classified as a good investment if they became early adopter of it, their money will not just serve as pure funds to transact but as investment as well.
- Bitcoin as new leading currency of the world - In case that the concern about the virus raises too high, we need a unifying currency that could support each and every one of us regardless of our nation and nationality. That is bitcoin.
I know this is quite bias to consider only bitcoin as the crypto to be used, but the idea here is to introduce them and literally reduce their risk to acquire the virus. In addition, bitcoin will supply the basic knowledge of cryptocurrency to them as they enter the cryptospace, to learn and to innovate their way of transaction.
It's very tiring to actually think of Bitcoin as 'the best currency ever' to replace the current fiat. Imagine a future to have Bitcoin as the main currency to use. Economic progress would really be slow. If the price of Bitcoin becomes low, the whole country will have a problem on their people's food and daily life. In terms of the pandemic, fiat is unavoidable even when it says it's the medium of the transfer of the virus. People need food and medicine to survive. Fiat can easily provide for them. If they will use Bitcoin, where can they look for an open store for an exchange? And does small scale market accept crypto as payment? I don't think so. If it's the virus you are worried, proper hygiene and cleansing, and making the body healthy is the key.
This crisis has exposed the flaws of our banking system fiat currencies and how could be one of the tools to transfer, infectious diseases not only corona virus. People are now realizing the importance of Bitcoin and how can be used as hegde if the banks, governments and paper money goes default.
I've noticed that the concern about the Coronavirus is still continuously growing. More and more cases are being recorded day by day and I find it too alarming that we don't do something about it. Or just to contribute some ways on how we could reduce the cases by means that we know.
We need not necessarily clean every road we see, things we handle, or sanitize everything that we have. But to consider money as a means of transaction is quite dangerous day by day.
According to this article created by CNN, South Kore's central bank is currently quarantining all their banknotes from circulation as it became a big factor to the spread of the virus.
This is when we need to take our edge on being one of the early adopters of Bitcoin to attract people to use bitcoin or other cryptocurrencies instead of cash.
There are some advantages that we could tell them regarding bitcoin being alternative to cash:
I know this is quite bias to consider only bitcoin as the crypto to be used, but the idea here is to introduce them and literally reduce their risk to acquire the virus. In addition, bitcoin will supply the basic knowledge of cryptocurrency to them as they enter the cryptospace, to learn and to innovate their way of transaction.
Every governments are already aware about the existence of bitcoin and it's advantage especially in this situation where the virus can easily be transferred even in fiats. Those advantages have been considered already by most of the governments that are open with crypto currencies but do you also wonder why they are still not using it, most of the governments are not yet ready for bitcoin acceptance especially that there are many sectors in their area that can't use it. We need not necessarily clean every road we see, things we handle, or sanitize everything that we have. But to consider money as a means of transaction is quite dangerous day by day.
According to this article created by CNN, South Kore's central bank is currently quarantining all their banknotes from circulation as it became a big factor to the spread of the virus.
Image Link
This is when we need to take our edge on being one of the early adopters of Bitcoin to attract people to use bitcoin or other cryptocurrencies instead of cash.
There are some advantages that we could tell them regarding bitcoin being alternative to cash:
- Cashless Transaction - The spread of the virus is quite fast, so transacting without personal interaction is advisable
- Fast Transaction - Instead of staying in a place to pay a particular service such as bills or fees, bitcoin will save their time and can prevent them to interact to someone that is infected.
- Alternative - We could tell them that for the meantime, it is dangerous to use cash so bitcoin will just serve as an alternative will not really replace their currency.
- Potential Bitcoin increase - to further attract people to use bitcoin, tell them that at this time, more and more people are seeing the potential of bitcoin which is also classified as a good investment if they became early adopter of it, their money will not just serve as pure funds to transact but as investment as well.
- Bitcoin as new leading currency of the world - In case that the concern about the virus raises too high, we need a unifying currency that could support each and every one of us regardless of our nation and nationality. That is bitcoin.
I know this is quite bias to consider only bitcoin as the crypto to be used, but the idea here is to introduce them and literally reduce their risk to acquire the virus. In addition, bitcoin will supply the basic knowledge of cryptocurrency to them as they enter the cryptospace, to learn and to innovate their way of transaction.
Those area will be those who have no electricity with uneducated people, meaning they cannot easily adapt the sudden shift of payment system.
This is interesting, but not everyone will support this initiative. Making a payment in bitcoins is a process that takes time, and the more transactions, the greater the load. This is not very convenient for an ordinary buyer who is used to making their transactions instantly.
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It is hard to apply in the country which still uses fiat as the primary payment transaction because they won't accept the suggestion to use the new payment system except if their government have an open mind about the new things. We can suggest, but we cannot force them to follow us, especially if they don't need to use the new payment systems. If in one day, they are ready to use the new payment system, they will transform by themselves, but of course, that will happen after they research more about that.
I can say, if a country is not having any rules that prohibits bitcoin or other cryptocurrency to be used as a payment, there's no reason for the people to decline an opportunity that will make their transactions to be better.
I am also one of the person before that don't like this kind of payment because I am already good with fiat, the traditional. But I thought of things that everything improves and gets developed. So as the mode payment, then why not adopt it early? Plus, most of the cryptocurrency aren't just considered money, it is still an investment which is significantly better compared to fiats.
It is hard to apply in the country which still uses fiat as the primary payment transaction because they won't accept the suggestion to use the new payment system except if their government have an open mind about the new things.
There are a lot of factors to consider when accepting a new system, especially when it regards with financing because it needs a lot of work for the government to contain before they can introduce it to their people. It's not because that the government is corrupt or something that has to do with corruption. Aside from that reason, fiat transaction is the best to use right now even you are claiming that the virus might be attached to it.We can suggest, but we cannot force them to follow us, especially if they don't need to use the new payment systems. If in one day, they are ready to use the new payment system, they will transform by themselves, but of course, that will happen after they research more about that.
We keep having a bad image bringing the idea to the government that crypto is not ready yet and so the system are, just look how much the crypto have lost because of scams and stealing incidents. But I hope sooner or later we'll have crypto as part of digital payment and transactions.Now, probably, most states disinfect their paper money or at least keep it for a certain time in storage to save them from possible traces of coronavirus. At the same time, some governments expressly urge their citizens to use non-cash payment methods more. In this regard, interest in cryptocurrency should increase.
In fact, there is logic in your words, of course, but the situation will not change for the better in the near future, because the infrastructure has not yet been developed so that a large number of people can use cryptocurrency. For the most part, people have a negative attitude towards cryptocurrencies, since everywhere not very flattering reviews about the cryptocurrency market sound. There are not so many users of cryptocurrency that they can fully and quickly influence the use of cryptocurrency in everyday life and its status as a means of payment. Nevertheless, you need to work in this direction and the real future of the cryptocurrency market and each coin individually depends on almost every cryptocurrency user. 
Now, probably, most states disinfect their paper money or at least keep it for a certain time in storage to save them from possible traces of coronavirus. At the same time, some governments expressly urge their citizens to use non-cash payment methods more. In this regard, interest in cryptocurrency should increase.
It is hard to apply in the country which still uses fiat as the primary payment transaction because they won't accept the suggestion to use the new payment system except if their government have an open mind about the new things.
There are a lot of factors to consider when accepting a new system, especially when it regards with financing because it needs a lot of work for the government to contain before they can introduce it to their people. It's not because that the government is corrupt or something that has to do with corruption. Aside from that reason, fiat transaction is the best to use right now even you are claiming that the virus might be attached to it.We can suggest, but we cannot force them to follow us, especially if they don't need to use the new payment systems. If in one day, they are ready to use the new payment system, they will transform by themselves, but of course, that will happen after they research more about that.
We keep having a bad image bringing the idea to the government that crypto is not ready yet and so the system are, just look how much the crypto have lost because of scams and stealing incidents. But I hope sooner or later we'll have crypto as part of digital payment and transactions. It is hard to apply in the country which still uses fiat as the primary payment transaction because they won't accept the suggestion to use the new payment system except if their government have an open mind about the new things. We can suggest, but we cannot force them to follow us, especially if they don't need to use the new payment systems. If in one day, they are ready to use the new payment system, they will transform by themselves, but of course, that will happen after they research more about that.
I can say, if a country is not having any rules that prohibits bitcoin or other cryptocurrency to be used as a payment, there's no reason for the people to decline an opportunity that will make their transactions to be better.
I am also one of the person before that don't like this kind of payment because I am already good with fiat, the traditional. But I thought of things that everything improves and gets developed. So as the mode payment, then why not adopt it early? Plus, most of the cryptocurrency aren't just considered money, it is still an investment which is significantly better compared to fiats.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
It is hard to apply in the country which still uses fiat as the primary payment transaction because they won't accept the suggestion to use the new payment system except if their government have an open mind about the new things. We can suggest, but we cannot force them to follow us, especially if they don't need to use the new payment systems. If in one day, they are ready to use the new payment system, they will transform by themselves, but of course, that will happen after they research more about that.
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