Bitcoin Forum

I get what you are trying to say in your post but I don't think it is practical to use Bitcoin right now although it helps prevent the transfer of the virus. During these lockdown and quarantines, a currency that still not accepted by most stores all over the world like Bitcoin isn't going to help much. People will still prefer to use fiat because it is a legal tender in all countries and more convenient to use. You have to remember also that online payments using digital fiat is available too.

Maybe in the near future, but for now, bitcoin is not the way out as a preventive measure for all nations.

There are several countries who do not recognize or term bitcoin as a payment of service, and mind you'; you can only buy or sell with bitcoin as payment mode if the other party admits or agrees to receive payment in btc.

So for now, lets stay safe and continue to educate those around us about the importance of bitcoin and crypto currency to the world.

In my own personal opinion, maybe this is really the time for bitcoin and other cryptocurrencies to be recognized and known by a lot of people all over the world because using cryptocurrency can also help us to prevent the virus from spreading when we are making purchases in malls or other stores.

To be honest, people are already using money transactions with digital, but not with crypto.
This is like every country's fiat money in digital form and can be used for daily activities.
Imagine buying groceries for $ 1-5 with a fee of over $ 0.5, it will feel difficult.
So you mean it happened but didn't use crypto.

It might helped if we introduced bitcoin as payment on many shops but now we are not having much places which accepts crypto currencies so this will be only acts as storage of value for financial crisis all over the world.

Don't be afraid of corona,just build your immune system then you have 99% of getting recovered even after the virus attack.

a good idea to be bitcoin as an alternative to conventional payments to avoid corona, but as far as I know some countries affected by corona still do not allow this transaction, and also transactions using e-money are still superior compared to cryptocurrency.

I have also made a Thread that discusses thing like this https://bitcointalk.org/index.php?topic=5231131.0.  Cryptocurrency (Bitcoin or Altcoins) is very good to be used as a means of payment in these conditions, but education about cryptocurrencies has not been evenly distributed so it will be very difficult to apply throughout the world today.  Digital payments such as Paypal, Credit Cards, Skrill and others are the most convenient to make as alternative payment at a time like this..

One of the ways to transmit the virus is by touching or having contact to the things that is from the infected person, that is why receiving a physical money from other people is dangerous that any time you might get infected. So it might be a huge chance for bitcoin and cryptocurrency to be used by a lot of people because ir will be more convenient and safe for all of us who is about to purchase goods at the supermarket.

Why use bitcoin if you can just as well send electronic fiat to each other? Delivery services around the world will probably not accept bitcoin.
And then what do quarantined people do? Forward bitcoin to each other until they die?

I don't see people actually using Bitcoin or really any sort of cryptocurrency more as a result of the global pandemic that's currently happening. Cryptocurrencies are generally just unfamiliar to most people, and the volatility that's common with crypto that we've been experiencing as of recently is also unattractive to newer crypto users. If anything, already established services like PayPal are probably getting more traffic and volume as a result of this.

This is not realistic yet because the world population is not all aware of the cryptocurrency. Not everyone who's aware of it can use it and not everyone who is I to cryptocurrency is safe to transact funds from one end to the other. Mass adoption is yet far for cryptocurrency.

Yes, bitcoin is indeed a very good solution at this time, because through fiat money any virus will spread faster, not only coronavirus, because the circulation of fiat money from one hand to another is a common thing in life, so choosing bitcoin as payment, or saving assets is very good, just not all of the items we can buy with bitcoin, because until now there are not many stores that serve payments through bitcoin, so this is a barrier for bitcoin at this time.

image source: https://coronavirusmeme.blogspot.com/2020/02/doge-corona-virus-meme.html

I don't see how Bitcoin will help here, the transaction safety is way cool than Fiat but people will still prefer to use Fiat instead because it's more supported than Bitcoin presently, many still don't know what crypto is, it's like only 1% of world population is into crypto

After this pandemic, we all have a mission to educate people and countries on how to use Cryptocurrency in times of crisis like what is happening in the world right now, here in our country there's not many shops that accepts Cryptocurrency we can only trade our Crypto to fiat to buy our daily needs but at least I can use my Crypto to pay my internet, and electric bills and cell load

Lockdown and quarantines will not solve the problem, because this is only a limitation on the spread of others, but will occur to people around him.

Yes I know that, but Digital Fiat is also part of Bitcoin, because Bitcoin is also part of digital. What I want to convey is that Bitcoin (Cryptocurrency / Digital Fiat) has no physical objects, so there is no transmission.

Yes, precisely because there are still many countries that have not recognized Bitcoin or Crypto as a transaction tool, so they must realize how important Bitcoin is in this life.

But we must understand that leaving Fiat is against the state, because the state has an interest in this. Corruption will never occur with crypto, because the transaction system is transparent.

Yes, but there are other low value cryptocurrency, such as Ethereum for small payment. For example buying one cup of coffee, then it can't be done with Bitcoin because the number is high, then we can use Ethereum as another solution.

Yes, I agree with you. This is the time for Bitcoin or Cryptocurrency for payment solutions. It's just that we need to introduce it more broadly to the community, and teach how to use it. That is, this is a joint task. Especially those who have projects related to cryptocurrency.

Therefore, if we do not use crypto, it will be difficult to make payments with digital Fiat, because the nominal transfer and fee are high. If using crypto, say ethereum, we can make payments, because we can transfer ethereum in small amounts.

This is unfortunate situation for those who have underlying health problems because it will be hard for them to fight the virus. The reason why the high percentage of deaths are in the elderly age or with prior health problems. But hopefully the ongoing trial vaccination will be fruitful in the coming days and will be released as soon as possible. The bottleneck with bitcoin is that in most cases, we still have to convert it to fiat before we can spend it as only few local merchants to none are accepting bitcoin.

If I am the listener and that is how it is going to explained then I am out.  ;D
We can use the time now when people are at their homes and quarantined.
Time to explain and not time to show some meme's just to prove something else.

Oh yeah I will buy bitcoin so that there would be no germs or virus that can go near me.
That is not how it is suppose to be.
I bet they will not even try it.
It will be better to explain it for longer terms.

That is not really a meme,,, are memes not supposed to be funny? Cannot see this going viral as this is just a version of cash versus digital currency,,, which you do not necessarily need Bitcoin for!

Thank you Davian144 for a REAL meme;) I rate it 4/10 ;)

Actually those who are afraid of Corona are not the people, but the country. Because the state has its own legality in terms of handling the Corona problem. They have the right to close the flight system and so on. So in this way it will have an impact on economic turnaround, and transactions. If we want to do activities then the state has the right to prohibit these activities.

Yes, of course they will use e-money in making transactions compared to using crypto. Because they have obligations and interests in the matter. While we, the crypto community have an interest in crypto, so we must introduce crypto as a transaction tool.

Thank you, we will discuss this together, maybe the results of the discussion will be a solution, although the results of this discussion can not be run, but can be used as a guide for those who have the ability and working capital.

Agree. You have the same thoughts as me.

The country does not accept Bitcoin, but you and I accept Bitcoin. The payment instrument does not have to be legal based on the country, it is enough to agree between the buyer and seller.

If you are talking about quarantine, does the person in quarantine need a transaction with someone out there? Don't limit your thinking with the words quarantine, and lockdown.

Of course this is homework for us. Why are there still many people who are not familiar with Bitcoin, and how to use it, while the age of Bitcoin and other crypto is a dozen years old?

if it refers to the development of fiat currencies at this time, it is only right that Bitcoin is used as a legal medium of exchange that must be applied throughout the country. even Bitcoin or cryptocurrency makes it easy for people to buy and sell transactions without having to go where they want to go, with increasingly sophisticated technology, people just sitting at home can order goods via computer or mobile. especially when referring to the recent coronavirus spread, using bitcoin is very safe from the coronavirus because it is untouched by hand between buyers and sellers.

With this situation right now I guess people should use bitcoin or digital money, using fiat can be really dangerous we really don't know if there is corona virus but if they prefer to use fiat then they should wear gloves just to be safe.

Yes, I totally agree with you. But this is the beginning of the journey of Bitcoin to become a world currency. Transactions made are also very easy. But this takes time, and good strategy.I also saw the CEO of Binance also introducing the blockchain system to Africa, and he donated $ 1 million in tuition fees on the blockchain system.I think this step is the beginning of the introduction of Bitcoin or Cryptocurrency as a transaction tool. If all crypto experts move together, I think this will be very easy to do.

Hopefully this wish will come true even though governments in each country are very difficult to accept Bitcoin as a legal currency. I think this is because there are still many people and governments who are still unfamiliar with the blockchain system. But in some countries it has accepted Bitcoin as a transaction tool, even though it is not considered a currency.

Actually the spread of the virus through Fiat is an easy thing to happen. Because Fiat money is paper that is easily absorbed from various water. While using gloves is only done when making transactions, while when we are at home, of course no longer use gloves. The money we save is also still infected with a virus, so that whenever it is used the effects of the virus are still present.

Yes, I think steps like this need to be done, so that the blockchain system can be accepted in all circles. This legality will occur when everyone can accept his presence.

I wrote such a simple step because it's in the Bitcoin forum. If I have to explain as much detail as possible about Bitcoin, how to trade, and etc. So what have we been doing here for years? ::)
If you have ever been a teacher for children, each child will be explained by a different method. ;)

If this meme isn't funny, then you can laugh so it looks funny. ;D ;D ;D
Thank you for the criticism. :-*

LOL

Are you mad?

There's no such thing as a country without people. The country does not panic, the people do and if enough of them happen to panic it becomes country-wide.

I cannot balame them for panicking. If you are 60 or 70 years old you'll have a hard time recovering. Probably 30% chance of dying so it's bad for the old and the sickly.


 

Fiat money is compose of many viruses, germs and bacteria but still in some country they don’t have any option but to use fiat money simply because bitcoin is still not legal and not all establishments accept bitcoin. This is not a meme for me but a reality, bitcoin can prevent you from being infected and on time like this bitcoin should be the best option to transfer money.

Of course that could be one solution if the goal is to reduce physical contact with all matters relating to direct transactions using fiat or ATM that have the potential to be used en masse and become a media for spreading viruses. But this takes a long time, right? there are still many legal issues and other matters that have yet to be resolved, while we need quick action to reduce the spread of this virus. It's better to use e-money, do social distancing, apply a healthy lifestyle and keep clean, remember to always wash your hands. Stay healthy friends, hopefully this pandemic will soon pass.

The question is "can you buy your daily needs with Bitcoin in your country?"
FYI, in my country, it is illegal to buy with crypto or Bitcoin. Bitcoin and crypto are used only for digital assets, it cannot be a payment tool. You must convert your crypto coins or Bitcoin to Fiats. In this case, how Bitcoin can be the solution? Finally, you need Fiats to buy anything. IMO, Bitcoin may be the right solution in the countries that already fully legalized Bitcoin and crypto.

Yes fiat or paper money has been identified as a source of the transmission of different bacterias and viruses including coronavirus, so yes it is highly advisable to use crypto for payments and avoid cash at all times atleast till this virus is controlled, this viral pandemic may end up resulting in afoption for crypto among masses.

Lol, I laughed. But unfortunately no. It isn't the best solution right now. Look at how volatile it has become during this critical time. Its jumping +/- 10% like in every two hours! No one would like to use this kind of extremely volatile currency. You have to admit bitcoin has a lot of drawbacks to be used as a regular currency for making day to day transactions.
If you don't want to be using fiat cash since you are scared of spreading/catching the virus, you can always use alternative method like digital payment such as Paypal.

That's one of the obstacles if bitcoin is used as a means of payment, it's very volatile so it's not effective enough. I would also prefer to use bitcoin as an investment rather than just to pay, as long as paypal and other e-money options are still effective. In addition, legal issues also need to be considered.

It's hard to say that Bitcoin is not the best solution at the moment. Some central banks have announced financial packages worth trillions of dollars and will continue to grow while the supply of Bitcoin will remain 21 million. This illustrates that Bitcoin can be used as a safe haven asset

Indeed, when conditions like Bitcoin is the solution. But there are still very many obstacles for Bitcoin today. One of them is price that fluctuates, and is not spread throughout the real exchange. Only a few real exchanges use Bitcoin as a transaction tool. Then this is difficult to do.

Oh of course I'm not angry, maybe it seems from the tone alone. ;D ;D ;D
I mean the state is the government. Because the people cannot do anything, it's just that the government has all kinds of instruments.