Topic: Pandemic Coronvirus Impact On Global economy - page 6. (Read 1125 times)

 in my own opinion believers and investors of crypto has been still relaxing while staying at home at this time with unlimited snacks is already there except to those who are not joining, I really hope that this situation will reflect on the fact that crypto technology transactions should not be ignored usually during this pandemic it is very useful.

Your anti-mainstream thinking is good in these conditions. The economy is very lethargic because people's purchasing power is declining and many entrepreneurs waiting and waiting for the certainty when corona will ends. It's just that we also have to be observant so that long-lasting business does not only exist when the corona outbreak becomes a pandemic due to lack of competition.

We must be able to predict what the market needs in a pandemic and after the pandemic is over. For lifestyle, it's not right at the moment but for shopping and food platforms, I think it will have a market. It is only necessary to think that the corona effect has taken on the real sector and the market both stocks and cryptocurrency. While the number of crypto users is still limited.

If you create a business project with crypto, you face two challenges, the existence of the business and the lack of market share because it only targets crypto users. At this time it is better to focus on the growth of its business because even though it is small, the business that you run will help turn the wheels of the economy when the country's economy is difficult. Whereas you can use cryptocurrency as an alternative payment with additional benefits (such as if a payment uses crypto free mask or freehand sanitizer).

There is still a lot of crypto doing very well right now, that shows us that crypto is basically overcoming this bad moment, sure it is still not as good as it can get, but it is doing a lot better honestly. I personally prefer if it didn't dropped to begin with, but it is doing a lot better to begin with at least. Long story short, it is not killed, it is not better, it is just wounded and suffering but a light injury, nothing major, so it will recover.

Basically kinda like corona itself, corona killed some people, most of the people is alive though, and more people recover than die, so crypto actually got infected with corona lol. I know it is nothing to joke about so sorry for that but I guess that is the best example we can give about the current situation.

Probably it wants to say that considering the isolation measures imposed by the authorities, it is a good start to promote all the blockchain projects dedicated to lifestyle, food, shopping and other similar platforms, and by this the crypto goes more popular as well.

I can show you an example of a country called Russia. Instead of buying medical equipment and masks, the authorities, on the contrary, sell them to other countries ... At the same time, local pharmacies have no masks for more than two weeks and people have to do masks with their own hands, and in most cases just walk along the street without it. But here is the paradox, without a mask they are not allowed into stores.

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.

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Indeed, this might happen if we try to respond to the coronavirus with the following four extreme combinations:

[ https://www.bbc.com/future/article/20200331-covid-19-how-will-the-coronavirus-change-the-world ]

What does the term "decentralized economy" mean? The economy which isn't regulated by the government? Or blockchain economy with no middlemen? Anyway Coronavirus can't have a positive impact on the economy. That's all we can say.

I don't know where is this going.
Perhaps he misplaced some words and cannot find it back.

Decentralized economy?
https://en.wikipedia.org/wiki/Decentralized_planning_(economics)
This is all I found out.

But, I cannot seem to connect it with what is happening.
We should wait for his answer. Maybe he could enlighten up with some more.

Trying to connect it using google and here is what I found.
https://voxeu.org/article/covid-19-crisis-calls-pre-emptive-monitoring-production-and-distribution-chains

Cash is what is what virus makes bad. But no crypto is ready to replace cash yet. Cant make enough transactions, dont have economy built or people dont trust it to use it.  Probably there are even more reasons I dont remember now. But. People will keep this in mind. Covid-19 will in our subconscious. And people will then much easier accept idea of Bitcoin or some other coin to replace cash.

This is all that comes to mind in regard to totalitarian threats.



There may be an achilles heel present. In terms of how the US democrat party. Leftists in china, north korea, cuba, the middle east and venezuela structure and organize things. (Summarized in the last sentence if its too long to read...)

A growing divide between centralization and decentralization does seem to be spreading across the globe. In more popular terms its been described as populism versus collectivism. Nationalism vs globalism. I haven't seen updates reported on catalan independence in a long time. Even though the media isn't mentioning it, there are similar independence movements in nearly every nation.

It could represent a direct throwback to class warfare of the past. Where the upper 1% have attained a high enough proportion of global wealth, as to make living extraordinarily difficult for all other social classes.

Certainly governments wield considerable power and influence. But the majority of them are teetering very close to bankruptcy, which could greatly diminish their power. Corona virus could exact a heavier toll on governments and their tax revenues. Than it does those they are supposed to represent.

I don't think so. We still need a centralized economy, and I am sure that every big country wants to be the leader in the economy among the other country. The decentralized economy applies in these situations because people want to prevent the virus that can spread to them so they must do that if they don't want to get infected. After the pandemic ends, I think everything will be back normal, people can do anything in out there, and there is no decentralized economy. But I am not sure about that because that is what I think now.

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.

It may happening as you read the text on this screen.  

• Food production Individuals and communities are growing their own vegetable gardens. Those who have never tried growing fruits or vegetables are now incentivized to learn. Local farmer's markets are gaining proiminence. The food sector may further decentralize by the day.
• Education Students are spending more time home with families. Education is being decentralized from centralized monolithic public schooling systems back towards the family unit.
• Manufacturing A large proportion of global supply chains being centralized in china is how global economies initially declined on parts and raw materials produced in china slowing. We could witness a decentralization of supply chains shifted outside china's borders. In reaction to negatives associated with a massive percentage of manufacturing supply being centralized within the borders of a single nation
• Jobs Khan Academy reports their internet traffic increased by 250% as a result of quarantines. We may see a movement towards skilled labor and more independent freelance contractors, with massive layoffs and job loss occurring. This perhaps carries the potential to increase innovation, further decentralizing markets and economies away from consolidation and monopoly formats.

The longer quarantine continues, the more faith people could lose in governments and the private sector to address the problems society faces.

A natural decentralization could occur in response. The beginning stages of which we could be witnessing. Its too early to say for certain.

This looks like an examination question to graduate from a medical school... Lol

Anyway, the impact of covid-19 has really been negative to the global economic as prices and stocks have crashed.

Hard to tell. Too many people without work, too many stopped businesses.
In other words, people will now be as careful as possible about the means for their own existence, rather than focus on blockchain and decentralization.
After all, as you know, most are interested in this for profit.

Businesses are shut off, well as for my calculations 70% of businesses are closed and those who are necessary to work are only ones allow to move right now. Who needs phone cases in times like this?

People now, well most of us are getting losing money day by day as we all know jobs are postponed, unnecessary ones, and so market movement is expected to be not that blowing. People now are at the edge of life and death, you can't teach them how to get or know the bitcoin with panics on their head, aside who money does not counts when you're dead.

I doubt that decentralized economy could ever be a thing while the politicians and the capitalists works together to make a world that runs for them and not from them. Think about it, media is controlled by people who are super rich, financial world is controlled by people who are super rich, oil companies are controlled by people who are super rich.

What happens is they get together, they pay the politicians hefty bribes, the financial company pays the oil company money to do what they do and media company airs it live as something awesome and deems everyone who criticizes it as devil and what happens? They all make more and more profits. Now this was just one example, the world basically runs like that and as long as we keep voting for those bad politicians there will never be a decentralized economy.

This pandemic COVID-19 has had a significant impact on the global economy, it was shaken all over the world and we are all experienced an economic crisis. The world stock price has been decreased and the cryptocurrency market is not exempted. If you mean that the solution is to use crypto because it is decentralized nature I think you are wrong. If you have seen it is also affected and the price was down.

As of now, Crypto is no use since all kinds of businesses have been closed due to lockdown implemented by the government. But maybe in the future because we experienced this now.

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.

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.

I don't see any relation between the virus and the demand for a decentralized economy. This virus is not literally opening for a decentralized economy rather, it gives more room for digital advancement. A decentralized economy does not guarantee that it will maintain social distancing, and it is different from digital adaption. This COVID-19 issue is giving way for digital and online transactions to be done to avoid physical and close contact with another person. The digital transaction is one of the best options in this kind of crisis. From buying and selling, bill payments, and even donation.

It's not like the decentralized economy will help to resolve the problem. In fact, we need people who will lead us in this problem we are facing. We can't solve it if we have our own movement.