Topic: South Korea quarantines and burn their cash due to Coronavirus - page 2. (Read 602 times)
Adopting Precautionary measures are all welcome just to stop the spread of the virus like on South Korea by burning bank notes then if that's effective to lessen the spread, then so be it that's their decision and suffer consequences in the end if there's any. Every country has their own protocols and mandates on how to end this pandemic and with that it should be respected as long as its effective. Proper hygiene will always be the best chance not to be contaminated with the virus when going outside and also before getting inside our houses.
Well i see in the news that the virus will also scattered or pass one person to other because we are using physical money specially through coins it is more safe if we dont used money this time because of the virus, south korea is doing a good action to prevent virus to scattered that was their way of preventing or saving lives because if they still used fiat the virus will not gone easily.
As long as you can wash your hand after using physical money, that will not be a problem because you can take care of your hand from anything you touch. Using digital money can prevent them from physical contact or touching the other with your hand so you can make sure your hand clean. That is one preventive way to avoid the infection to many people. 
This makes sense, but the measures are still quite strange. Why not to just ban temporary the use of paper money? I am sure that South Korea has a sufficiently advanced banking, and that all people (the vast majority) can pay on the card/through the phone are contactless methods. Am i right?
I think that these articles greatly exaggerate the ability of this virus to adapt. I have read in many recent scientific articles that the virus is weak for material circles in the sense that it dies after a short period of contact with surfaces and thus the way the virus is transmitted through contact or paper money is considered small.
But we all know that the paper money circulates faster than it can.
Due to the velocity of money, it can go to different people while it contains a virus.
So even if the virus are weakened in a particular surface, it can still infect other people due to the transferring of paper money from one person to another immediately. Don't be too confident with that statement, if the possibility of getting the virus from the paper money is small, then there is still a possibility. Don't underestimate the virus because they can really spread faster than you think.
Well i see in the news that the virus will also scattered or pass one person to other because we are using physical money specially through coins it is more safe if we dont used money this time because of the virus, south korea is doing a good action to prevent virus to scattered that was their way of preventing or saving lives because if they still used fiat the virus will not gone easily.
It was just a right action to be done although it worth a sacrifice of burning banknotes, but at least it will somehow lessen the spread of virus for it is believe that virus can be transferred through passing of paper money from one and another hand. It is just a precautionary measure done to keep the citizens safe. But in reality, based on what I know, burning of banknotes are illegal since it is a national government property but since there is a call and right reason for doing such and the government have ordered such action, then it is worth a try and sacrifice.
Aside from that, we citizens, specially those that are not residing in South Korea where their paper money undergoes sanitation, we must always do sanitize or wash our hands whenever we are receiving paper money to ensure our safety. It is the least we could do now that there are lots of ways that the virus can possibly be transferred.
Aside from that, we citizens, specially those that are not residing in South Korea where their paper money undergoes sanitation, we must always do sanitize or wash our hands whenever we are receiving paper money to ensure our safety. It is the least we could do now that there are lots of ways that the virus can possibly be transferred.
This is a perfect measure in making sure that the further spread of the virus will help in making sure the well-being of people. This pandemic has quickly posed a threat to the supply of fiat currency in many countries because it can be a carrier for the virus, but I am sure that there will come a time that it will be resolved and everything will go back to normal.
For 5 years now I haven’t actually used paper money, it’s easier for me to pay with credit or debit cards. I fully support the paper assets quarantine policy of South Korea, as these measures are aimed primarily at the safety and well-being of people. The situation with COVID-19 will push the governments of the countries to switch from paper assets to electronic or crypto assets
I think this is the time for bitcoin and cryptocurrencies to be approved in south korea or in other countries because the only reason why south korea started to quarantine and to burn their cash is due to Corona Virus, so if people in south korea had been using cryptocurrencies they don't need to quarantine cryptocurrency because it could only be access and transact through online.
I think the main reason why they are burning their money because of what I have read that the virus can also spread because of the money, I don't really know how that could happen but I think that is the main reason why they are burning the money since the virus is really spreading and it is now a pandemic disease wherein it is spreading all around the world. But it is indeed a good idea to approved the usage of cryptocurrency as of now for them to make the transaction even if they are not holding physical money (fiat).Right from time it’s very important that after touching money you should wash your hands and keep them clean before touching any other thing, like your skin.
Cash circulates around and is touched by a lot of people, so it’s not good to touch cash and not wash your hands. They have really taken a good action by quarantining cash and burning them, that will be very good. And now is the best time for people to start making use of cashless means of transactions like cryptocurrency (Bitcoin), mobile banking apps, PayPal, WeChat, Payoneer and other electronic payment methods, that way there wouldn’t be any contact with anyone.
The virus maybe can stay into the money that is why it is really good to wash your hand before holding money. It is just for your own sake, the South Korea's idea is indeed good so the money that is carrying the virus cannot spread and infect their citizen. Cash circulates around and is touched by a lot of people, so it’s not good to touch cash and not wash your hands. They have really taken a good action by quarantining cash and burning them, that will be very good. And now is the best time for people to start making use of cashless means of transactions like cryptocurrency (Bitcoin), mobile banking apps, PayPal, WeChat, Payoneer and other electronic payment methods, that way there wouldn’t be any contact with anyone.
When the corona virus starts, it is rapidly spread all over the world. In the past 4 months the total number of case is 309,081 and it was very upsetting. The primary reason of rapidly spreading of virus is crowded places and tangible money. That's why the South Korea burns their cash to prevent them to be one of the infected cases, because tangible money can pass the virus through giving them personally. In the crisis that we faced the digital money is a must, because it help us to prevent of spreading the virus through using digital money in those online transactions.
Most effective country in the world for attacking Corona virus is South Korea, we can see how many their people keep safety after Corona virus attack around the world and their people could be getting well with short time, now day by day just few people in South Korea get corona virus because many people have been well.
I read about this news but I'm really sure they get the wrong anticipation. Cash is not the way the virus spread but if you eat from wild animal, their organ and blood already infected with virus and our antibody can't defeat it. South Korea take respond even look's over but I believe they have reason. All victim should quarantine to get treatment and let's hope they can heal fast.
The virus is spreading even in my tropical country, it can survive under the heat.
If the government says thier banknotes won't have value anymore, it won't have a value and can be burned. Its how easy it is for the government to declare they're nada. But its not right to just do that, there is no real news about what the government gave to the owners in exchange for these banknotes. Stablecoin?
Won't have any value? As far as I know South Korea are burning cash just because it is from local banks which is prone to inhabited by the virus and so burning is the only way to eliminate it. It is easy for the government to do this but this is an extra effort which I want to commend, this is an added measure to prevent the virus from spreading from hand-in-hand contact.They were saying the Covid19 can mutate itself and can adopt whichever they can. There was an incident explained by someone I've seen on youtube where Covid19 affected an animal and then pass on to a human. And this means that it can live to mutate in any condition the environment therein, this is really a hybrid virus that can wipe out the people with poor health condition.
I think this is the time for bitcoin and cryptocurrencies to be approved in south korea or in other countries because the only reason why south korea started to quarantine and to burn their cash is due to Corona Virus, so if people in south korea had been using cryptocurrencies they don't need to quarantine cryptocurrency because it could only be access and transact through online.
I think the main reason why they are burning their money because of what I have read that the virus can also spread because of the money, I don't really know how that could happen but I think that is the main reason why they are burning the money since the virus is really spreading and it is now a pandemic disease wherein it is spreading all around the world. But it is indeed a good idea to approved the usage of cryptocurrency as of now for them to make the transaction even if they are not holding physical money (fiat).Right from time it’s very important that after touching money you should wash your hands and keep them clean before touching any other thing, like your skin.
Cash circulates around and is touched by a lot of people, so it’s not good to touch cash and not wash your hands. They have really taken a good action by quarantining cash and burning them, that will be very good. And now is the best time for people to start making use of cashless means of transactions like cryptocurrency (Bitcoin), mobile banking apps, PayPal, WeChat, Payoneer and other electronic payment methods, that way there wouldn’t be any contact with anyone.
The virus maybe can stay into the money that is why it is really good to wash your hand before holding money. It is just for your own sake, the South Korea's idea is indeed good so the money that is carrying the virus cannot spread and infect their citizen. Cash circulates around and is touched by a lot of people, so it’s not good to touch cash and not wash your hands. They have really taken a good action by quarantining cash and burning them, that will be very good. And now is the best time for people to start making use of cashless means of transactions like cryptocurrency (Bitcoin), mobile banking apps, PayPal, WeChat, Payoneer and other electronic payment methods, that way there wouldn’t be any contact with anyone.
Aside from the fast rate at which the virus spread, I still think the rate of causing death is low compare to some other pandemic such as the ebola. You can not take superstitious beliefs away from people and this is the reason why there will be more suffering during this period. I am very sure the WHO will have the most effective way of dealing with money suspected to be harboring the virus other than burning a huge amount of money. It is insane and I hope this virus ish stop soon
The virus is spreading even in my tropical country, it can survive under the heat.
If the government says thier banknotes won't have value anymore, it won't have a value and can be burned. Its how easy it is for the government to declare they're nada. But its not right to just do that, there is no real news about what the government gave to the owners in exchange for these banknotes. Stablecoin?
Won't have any value? As far as I know South Korea are burning cash just because it is from local banks which is prone to inhabited by the virus and so burning is the only way to eliminate it. It is easy for the government to do this but this is an extra effort which I want to commend, this is an added measure to prevent the virus from spreading from hand-in-hand contact.
Right from time it’s very important that after touching money you should wash your hands and keep them clean before touching any other thing, like your skin.
Cash circulates around and is touched by a lot of people, so it’s not good to touch cash and not wash your hands. They have really taken a good action by quarantining cash and burning them, that will be very good. And now is the best time for people to start making use of cashless means of transactions like cryptocurrency (Bitcoin), mobile banking apps, PayPal, WeChat, Payoneer and other electronic payment methods, that way there wouldn’t be any contact with anyone.
Cash circulates around and is touched by a lot of people, so it’s not good to touch cash and not wash your hands. They have really taken a good action by quarantining cash and burning them, that will be very good. And now is the best time for people to start making use of cashless means of transactions like cryptocurrency (Bitcoin), mobile banking apps, PayPal, WeChat, Payoneer and other electronic payment methods, that way there wouldn’t be any contact with anyone.
The virus is spreading even in my tropical country, it can survive under the heat.
If the government says thier banknotes won't have value anymore, it won't have a value and can be burned. Its how easy it is for the government to declare they're nada. But its not right to just do that, there is no real news about what the government gave to the owners in exchange for these banknotes. Stablecoin?
I pray a cure comes out quickly for the treatment of the infected people, while scientist are working hard to find a vaccine for this deadly Virus, it would have been good for the government to encourage people to start using Cryptocurrency it may not be bitcoin since they always bash bitcoin, they can adopt a stable coin and world with bitcoin developers.
Will be there are have many investor of bitcoin get quarantines? I think will be positive way because they will lost connection with mobile phone during quarantines and forget for selling their bitcoin assets, but could give positive to make bitcoin on the top price.
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