Pandemic Coronvirus Impact On Global economy - page 4.

adzino

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Quote from: gokumarket on April 01, 2020, 08:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

How is decentralized economy a "way of maintaining social distance"? How come an economy that no one controls can become to aid in social distancing? It makes no sense. And you are saying as if we are now going to maintain social distance forever. Decentralization isn't always the best option. Making everything decentralized will just start creating a total chaos in this world.
This pandemic isn't going to open a decentralized economy. No one is going to risk right now trying to make a "decentralized economy" (not even sure if this is possible).

exstasie

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Quote from: iv4n on April 16, 2020, 04:15:21 PM

Now Americans will get $2000 every month, I will get $130, where are other countries and how much they will give we will see, but for whom is that help actually? Do you think it's fair distribution?! Who is printing money and deciding whom to give and how much?! And if you are born in wrong place you will get nothing? Is that fair?!

LOL, look at where some of the $1,200 stimulus checks are going too: Stimulus checks are being spent on dildos, tigers, guns and stripper poles

The IRS is sending $1,200 stimulus checks to dead people

It turns out there is no logistical way to quickly infuse cash where it's truly needed. You either drop it from a helicopter, or people starve.

I am not expecting this "$2,000 per month" bill to pass Congress either. If it does, that number will be cut down significantly.

iv4n

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Corona didn't open a door for the decentralized economy, Bitcoin did that!!! To be clear on that.
What corona do is showing the flaws of centralized systems. What we will see, or what we are seeing now, some saw that a long time ago, is how centralized system is fucked up! Now Americans will get $2000 every month, I will get $130, where are other countries and how much they will give we will see, but for whom is that help actually? Do you think it's fair distribution?! Who is printing money and deciding whom to give and how much?! And if you are born in wrong place you will get nothing? Is that fair?!
Global economy is not fair, but Bitcoin and crypto opened a door for new era and new system. All we need to do is to embrace it!

Vishnu.Reang

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Quote from: kogozer714 on April 16, 2020, 06:34:28 AM

That's all government policy with a pandemic like this, we don't have the ability to fight. a large portion of a country's economy will be shaken by the existence of such a pandemic with the presence of covid-19 which is experienced by almost all countries. all will compete to find solutions in finding medicine

So far, there is no medicine or vaccine available so the treatment is done based on the symptoms. Even if the pharma giants come up with a new medication, my guess is that it may take anywhere from 6 to 18 months, to get through the testing and regulation phase. So don't put your hopes on any miracle cure appearing overnight. The only way to get around this is to stay at home and to practice social distancing.

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Quote from: semobo on April 15, 2020, 09:48:00 AM

Quote from: gokumarket on April 01, 2020, 08:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

Decentralized economy and social distancing? Whats the relation here ! Roll Eyes

Maybe? this should add as an another factor for accepting the idea of digital payments however that's not the main case for digital payments to be adopted as soon as possible.

Quote from: semobo on April 15, 2020, 09:48:00 AM

This pandemic increases the digital transaction and even many government said that, so more people are moving towards digital payment but they are just moving from physical money to bank transaction so which never increases the need of decentralized payment yet.

Pandemic may give the best idea for digital payment but the pandemic only comes in a century or so, and I guess we would not be able to encounter severe pandemic like this as this will serve as a lesson to all of us, nations will be going to be more practical with the national budget they will get in the future. Fiat currency, and physical contact transaction will never be replaced, it is like arguing with what is the best currency to use but fiat will never lose its position.

TheGreatPython

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Interestingly when you are talking about decentralized economy being for gangster and thinking how crypto market is trap from whales, you are in bitcointalk and talking about crypto in between thousands of other bitcointalk members who like crypto. Surely there are people who have lost money in bitcoin, some people invested and the price went down and they sold and that is why we can say bitcoin has lost money to some people.

However you do realize that there is literally nothing that stopped you from buying 10k bitcoin 8-9 years ago and be super rich right now right? I mean you could have bought during that period and nobody could have stopped you and you would have millions of dollars of worth in bitcoin right now, as you can see that is why we like bitcoin, it is unregulated and its decentralized.

kogozer714

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That's all government policy with a pandemic like this, we don't have the ability to fight. a large portion of a country's economy will be shaken by the existence of such a pandemic with the presence of covid-19 which is experienced by almost all countries. all will compete to find solutions in finding medicine

Wenbing

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Quote from: Findingnemo on April 02, 2020, 12:07:11 PM

People have no choice other than trusting their government at this situation so this is not the real decentralization but economically it can be a way for people to realize about upcoming pandemic situation and move on the decentralized economy.

The. government runs on centralization mechanism while the market can be either planned or market mechanism.

But, this pandemic has make us to know that in terms of economy capitalism is not enough, but I miss of capitalism and socialism will be just fine.

When it comes to currency, crypto trend to be self sustaining than fiat.

Reatim

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Quote from: gokumarket on April 01, 2020, 08:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

There are some news about the growth of people entering the market since the Lockdown implemented but still we find no growth in the prices.

Quote from: Smitty Werben Man Jensen on April 13, 2020, 08:54:51 AM

im vote YES, yeah, because this is a situation that all of us have to do at home, work at home, pray at home, and study at home, I think people think about the internet, cryptocurrency will become known to the public especially young people, this is the beginning for cryptocurrency to enter a new stage, and 2017 may be repeated again, hopefully

2017 will never be repeated instead we will make another Year to remember,and this is the start because right after this Virus economy will renewed and crypto will also make way to the top again and just wait to happen.

semobo

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Quote from: gokumarket on April 01, 2020, 08:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

Decentralized economy and social distancing? Whats the relation here ! Roll Eyes

This pandemic increases the digital transaction and even many government said that, so more people are moving towards digital payment but they are just moving from physical money to bank transaction so which never increases the need of decentralized payment yet.

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Quote from: gokumarket on April 01, 2020, 08:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

I have read some thread that the demand in Bitcoin increases and also the search Via Google multiplied by 3 or 4 am not sure.
this means now that people has no other options they are seeking for comfort way Paying their needs without holding Money or physically afraid of being infected.
with this proves that Crypto is a best option and soon may recognized by much many people to use than Fiat,.

VNX_Exchange

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cosmofly

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Quote from: gokumarket on April 01, 2020, 08:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

That is never happening. The decentralized market is only for the gangsters and it has always been like this. During the economic crisis, cash flow will slow down and there will be no more demand for financial markets. People will focus on producing and trading staple goods. Don't trust the crypto market, it's all a trap from the whales.

YOSHIE

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Quote from: gokumarket on April 01, 2020, 08:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

if you talk about (decentralization); You have to know from the meaning itself, which is called decentralization.

COVID-19, when viewed at this time is indeed unsettling both from the lower classes to the government,,,talking about the current economy.
indeed all sectors are paralyzed, but if the central government decentralizes local governments, power, may help the existing community's economy a little, but it does not escape the assistance of the central government.
Example:
Regional autonomy, local governments have full rights to manage their respective regional economies.
I am sure that if decentralization has an impact on COVID-19, it is likely that the regional government will have a positive impact on COVID-19 sufferers, automatically, economic assistance can be reached directly to remote communities in need.

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Quote from: repear7 on April 15, 2020, 04:14:04 AM

Quote from: gokumarket on April 01, 2020, 08:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

In my view the current international financial system is overloaded, many people argue that this pandemic is a massive restart of the world economic system wherein various countries crash financially. We can't wager the subsequent direction due to the fact this epidemic is certainly no longer over yet, it is probably a bad 12 months for any economic player

If this time can be a restart of the world economy, then I think that can lead us to have a new economic system in the future, and there is a new chance for the cryptocurrency to be used in that system. But that will depend on each government because they have the power to agree or not to used crypto, but if they can approve the crypto, that will bring new hope for the people. People will have another chance to make money, and they can also have an opportunity to have another option for the payment method.

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Quote from: gokumarket on April 01, 2020, 08:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

In my view the current international financial system is overloaded, many people argue that this pandemic is a massive restart of the world economic system wherein various countries crash financially. We can't wager the subsequent direction due to the fact this epidemic is certainly no longer over yet, it is probably a bad 12 months for any economic player

Negotiation

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The impact of pandemic coronavirus on the global economy has many implications As a result of this the demand for cryptocurrency is increasing because everyone is working at crypto from home Because of the closure of everything, no one is able to do anything so everyone is leaning on crypto to fix their country's economy That's why the impact of the virus is increasing demand for crypto despite the money.

imstillthebest

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Quote from: Vishnu.Reang on April 13, 2020, 11:39:17 AM

Quote from: Smitty Werben Man Jensen on April 13, 2020, 08:54:51 AM

im vote YES, yeah, because this is a situation that all of us have to do at home, work at home, pray at home, and study at home, I think people think about the internet, cryptocurrency will become known to the public especially young people, this is the beginning for cryptocurrency to enter a new stage, and 2017 may be repeated again, hopefully

I don't know how any of this can specifically help cryptocurrency. For example, digital payment methods are being favored now. But that seems have benefited digital fiat-currency based payments (such as Visa and PayPal) rather than cryptocurrencies. Personally, I am yet to see any boost for the cryptocurrency sector, resulting from this COVID 19 pandemic.

there is a demand on crypto going on .

you didnt notice it ? why do you think the price are now getting better ? but that is also true that people look popuar payment methods like the ones that you listed above and not directly on crypto but we shouldnt worry because once people identifed that crypto can do better than they are using they will also get hooked on it . like me before i was using paypal but later on i find the advantage of crypto vs paypal , that encourage me to switch between payment methods .

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Quote from: Vishnu.Reang on April 13, 2020, 11:39:17 AM

Quote from: Smitty Werben Man Jensen on April 13, 2020, 08:54:51 AM

im vote YES, yeah, because this is a situation that all of us have to do at home, work at home, pray at home, and study at home, I think people think about the internet, cryptocurrency will become known to the public especially young people, this is the beginning for cryptocurrency to enter a new stage, and 2017 may be repeated again, hopefully

I don't know how any of this can specifically help cryptocurrency. For example, digital payment methods are being favored now. But that seems have benefited digital fiat-currency based payments (such as Visa and PayPal) rather than cryptocurrencies. Personally, I am yet to see any boost for the cryptocurrency sector, resulting from this COVID 19 pandemic.

it could also be true that by staying quiet at home then the introduction of crypto will be easier because everyone is looking for busyness on the internet, which we know crypto relies heavily on the internet network. but the impact has not yet seen as we know that indeed all began to recognize crypto. because after all in a situation like this epedemic corona, everyone has a different understanding. there are those who can accept reality and can relax at home but there are also those who actually continue to worry, people who are in a situation of worry will not be able to think to work, thinking about avoiding the internet so they do not want to know the epedemic corona, and want to relax and not think in that direction .

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Quote from: gokumarket on April 01, 2020, 08:14:15 AM

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

Still, even Covid-19 can open the door for the decentralized economy, and it needs time before we can see that thing is happening. People knew the other payment method, and even for them who are work from the internet already know online payment method. I guess they still prefer using the way that they already know, but the chance for them to use cryptocurrency will be bigger as we see that now, while we browse to search something, we see the crypto ads everywhere, so that will attract them check the crypto. We cannot say that it will happen in this year or next year, but it will happen after people succeed to know how to use crypto.

Topic: Pandemic Coronvirus Impact On Global economy - page 4. (Read 1125 times)