Blockchain and decentralization would have done absolutely nothing to this. We are talking about everyone staying at home and we are talking about the world economy at the edge of bankruptcy where the whole world would really get screwed with all those people who have to stay at home and not really go to work, how are we suppose to use decentralization to help everyone who got fired because of this as well?
Bitcoin is awesome, blockchain is amazing, decentralization is solution to many problems however let's face the reality that this is a global pandemic that is stopping the whole world economy right now and we are talking about decentralization, if anything this shows how centralization could be used for good and not just evil like it is always used.
Topic: Pandemic Coronvirus Impact On Global economy - page 5. (Read 1171 times)
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.
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
..... maybe for the big economies they are ready.
No country is ready for this pandemic, even the big countries, if they are ready like the US, they should be able to contained the virus but now the infected people are growing in big numbers, US now tally over 500,000 infected people with only few percentage has recovered per report, and this does not look good, it will certainly affect its economy and they'll have to pay the money they bailed out for this corona virus through their people. 
Global economic demand remains controlled by the government but at a time when this situation seems to be difficult to increase because almost all governments are focused on handling Covid-19 which is still to be resolved and therefore we don't know when this economy will be stable. the government is still confused now to look for Covid-19 prevention solutions.
Stock market are going down because of this Covid-19 so I don't agree that the demands remains controlled. China is the only one who can control their economy because of the products and goods came from them, they are the no.1 manufacturer of some products that's why their stock market and economy is constant although the Covid-19 originated from their country.
Government really doing their best just to authorized this pandemic and I know that some people are still blaming the government for the lack of support that they give in the community. People are starving and getting sick as they don't receive any support and help on the government. The authority is still trying their best to handle and lessen the spread of this virus, let us follow what they've ordered for us to do.
Always stay at home and don't go outside if you will just stay outside. Let's help the government to resolve this and stay at home to slower the risk of spreading the Covid-19 virus.
But only at this time the cryptocurrency market is recovering a bit whether this is an effective way to use it when people are not allowed to come into direct contact with each other.
That's right, because all that matters now is the cryptocurrency, it can be used as a payment so that people are not necessary to go outside just to pay their bills and delivery. You can use cryptocurrency to buy goods and other things that is necessary during quarantine.
I think this pandemic is the key for the decentralized economy, most especially bitcoin is the most used cryptocurrency in the market. Global economy is affected because many countries are affected by this virus that's why governments are panicking because they are having a hard time managing their funds for its people. Cryptocurrency will become more popular to invest if they knew that the global market is crashing due to the virus. But bitcoin is somehow useful nowadays, as people are not allowed to go outside and buy some foods with fiat because it is dangerous to have a physical transaction with another person. That's why digital currency such as cryptocurrency are the most used in many transactions.
Crypto economy is a "backup plan" for many people who are aware of this tool and aware of the situation with today's world economy.
If SHTF everyone will use bitcoin just like nuka-cola caps in the Fallout series.
If SHTF everyone will use bitcoin just like nuka-cola caps in the Fallout series.
Yes it is and obviously like what in this Thread says https://bitcointalksearch.org/topic/demand-for-bitcoin-online-courses-explodes-by-300-5239983 the demand for Online classes are rising to more than 300% meaning the Pandemic brings positive thing to our precious market.
and in sooner time will be Up high once again because we have been sitting for bear long time now.
and in sooner time will be Up high once again because we have been sitting for bear long time now.
i have no idea how the government will recover from this recession.
You should have, government is the people and with the people working again, government will start to recover. This is a global issue, majority of the big countries are affected, of course except China maybe because they are in operation now and have survive the virus.
USA one of the biggest if not the biggest country are heavily hit by the virus, their economy will struggle for sure but they are a great nation so they'll recover. What we are facing now are just temporary problem, together we will rise after we defeat this virus.
I understand the fear, but it has not totally kill our economy yet.
however, even though it might not bankrupt a country, many developing countries experience a very large impact from an epedemic corona. because this epedemic is not expected to have an impact at all in almost every country in the world, maybe for the big economies they are ready. but developing countries will be very impactful, because the budget that should be earmarked for other things must be transferred to the handling of this epedemic corona. not to mention the need for shopping for health equipment is very difficult to find, if there is an expensive price and must be purchased.
but where there are difficulties, there will be improvements, that is, countries now need each other and help one another even though in the past the economy might have competed.
i have no idea how the government will recover from this recession.
You should have, government is the people and with the people working again, government will start to recover. This is a global issue, majority of the big countries are affected, of course except China maybe because they are in operation now and have survive the virus.
USA one of the biggest if not the biggest country are heavily hit by the virus, their economy will struggle for sure but they are a great nation so they'll recover. What we are facing now are just temporary problem, together we will rise after we defeat this virus.
I understand the fear, but it has not totally kill our economy yet.
Well, this pandemic is perhaps may open the door for the decentralized economy but for that lots of things need to be done. It is definitely will take the unspecific time that all government wants to decentralize their economy since it can't happen with one country many countries need to agree in this and make it legal. Not only in the crypto market had been an experienced crisis at this moment, but the global market has also been affected. Indeed, let's do hope that this will stop early and not getting worst.
How can a government allow a decentralized economy after a pandemic, i did not understand the logic behind it, the economy will be affected globally as the virus has halted many business for months and the amount of loss that every business owner has to bear is immense and it has nothing to do with decentralization and i have no idea how the government will recover from this recession. 
We can't really call the drop on stock markets all because of corona, I mean surely a pandemic that keeps people at home and get many of them fired reflects on stock markets but right now in the past 1 month we are seeing the stock markets going higher, that tells us something.
It is significantly lower than lets say 3-4 months ago (start of the year) but it is higher on the monthly price and corona still continues anyway, so that means maybe the drop in stock markets is not because of corona but because these companies were ran horribly and their CEO were terrible which caused the prices to drop at one time for any reason.
Even crypto is almost at a profit on year to date, which is quite surprising to me considering we were under 4k for a minute there and we somehow bounced back.
It is significantly lower than lets say 3-4 months ago (start of the year) but it is higher on the monthly price and corona still continues anyway, so that means maybe the drop in stock markets is not because of corona but because these companies were ran horribly and their CEO were terrible which caused the prices to drop at one time for any reason.
Even crypto is almost at a profit on year to date, which is quite surprising to me considering we were under 4k for a minute there and we somehow bounced back.
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. 
While the pandemic outbreak of coronavirus are happening it's really hit hard the economy because all of the transactions and trading getting canceled because they want to avoid the spreading of the virus and this is not quite good because the stocks of the different items like the mask, alcohol and foods become limited and this is not good because it may cause of shortage of the supplies but I think the government can handle that kind of situation. Also about the statement of getting decentralize is just a term use for no one or nothing will have the power to control this and this is the crypto no one can manipulate this but can only regulate by the government.
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.
A big no. Despite people maintaining social distancing, fiat are so widely used because of the fact that people need it to buy essentials and fiat are the only ones that can be easily and quickly used in this kinds of scenarios.
It has nothing to do with the decentralize economy or benefit the decentralized economy, in the end, it's still the government that will control and at the end of the day, they will pass the burden to the people once this pandemic is over.
If this will benefit the decentralized economy then we have already saw the market booming now, but its not, it has recovered a bit but it was not booming yet. It's still uncertain IMO, but we keep the faith in our government and the decentralized economy as we need our government to blessed the decentralized economy before it will succeed.
If this will benefit the decentralized economy then we have already saw the market booming now, but its not, it has recovered a bit but it was not booming yet. It's still uncertain IMO, but we keep the faith in our government and the decentralized economy as we need our government to blessed the decentralized economy before it will succeed.
The effect of the pandemic on promoting decentralized economy is not as big as it seems. It still depends on the country I guess. If a country is not yet exposed in a decentralized system nothing has changed. In third world country most people who are affected are those who are in the lower class which means they have no access to cryptocurrency, thus fiat is still the only option they have.
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.
Demand for decentralized economy is increasing? I am yet to witness any of that. We are a few months in to this pandemic and I haven't heard about any mention regarding the decentralized economy. Even if we had a decentralized economy, how it could have fared any better than the current one that we have? As of now, we have a centralized economic setup where the governments decide about all the policies. And in the near future also, I can't foresee any big change to that.
Global economic demand remains controlled by the government but at a time when this situation seems to be difficult to increase because almost all governments are focused on handling Covid-19 which is still to be resolved and therefore we don't know when this economy will be stable. the government is still confused now to look for Covid-19 prevention solutions.
Stock market are going down because of this Covid-19 so I don't agree that the demands remains controlled. China is the only one who can control their economy because of the products and goods came from them, they are the no.1 manufacturer of some products that's why their stock market and economy is constant although the Covid-19 originated from their country.
Government really doing their best just to authorized this pandemic and I know that some people are still blaming the government for the lack of support that they give in the community. People are starving and getting sick as they don't receive any support and help on the government. The authority is still trying their best to handle and lessen the spread of this virus, let us follow what they've ordered for us to do.
Always stay at home and don't go outside if you will just stay outside. Let's help the government to resolve this and stay at home to slower the risk of spreading the Covid-19 virus.
But only at this time the cryptocurrency market is recovering a bit whether this is an effective way to use it when people are not allowed to come into direct contact with each other.
That's right, because all that matters now is the cryptocurrency, it can be used as a payment so that people are not necessary to go outside just to pay their bills and delivery. You can use cryptocurrency to buy goods and other things that is necessary during quarantine.
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Sounds great and all, but I wouldn't be too hyped for it. It sounds like a wet dream of mine where decentralization is the new trend, but I'm very afraid this is only a short term phase and what's coming next is worse than what we've had before the virus. As soon as everything (as in our rights at least) comes back to normal when the pandemic ends, it's gonna be okay.
But the longer the lockdowns and states of emergency will last, the more our authorities will get used to having much more power and control over us. Remember, it takes 21 days to break a habit and form a new one. This is gonna have long-lasting consequences in some areas of the world. Once they get used to the new kind of control & power over us, it's gonna be hella hard to let it go again.
I may be wrong and I hope I am. If everything goes back to normal and we're going to head towards a strong deglobalization wave, it's gonna be awesome... up to one point. Remember, the last time a deglobalization wave was pushed was years before WWI.
This would be so high of a dream for having globalization wave out of it right now the top priority is containment and getting out of it and as most of them expected it might trigger the recession but things will be back on track slowly in years if not in months but nothing gonna happen apart from that
I don't think that the global pandemic causes the demand for decentralized economy. The economical decentralization can't fix the situation now. It's likely that COVID-19 fast spreading shows that there is a room for digitalization. And the society is almost ready to become cashless.
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.
Well it has open many doors actually. We haven't seen this kind of pandemic in recent history and people around the world didn't know how to react. We have seen governments trying to fight it through digitised money. But I wouldn't say that this is decentralised economy though. Still everyone is under the government control, so there's no way that a decentralised economy exists unless you are living under some sort of communism.
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