I also feel that this pandemic provides many opportunities for corrupt government officials to embezzle funds.  With steps to save the country's economy, the government prints money or increases the country's debt to provide economic stimulus.  Instead of distributing these funds properly and correctly, they take the opportunity for their own benefit.  The vaccine that is made is hoped to be able to end this pandemic.  Because the longer this pandemic is with us, the more victims will be.  Not only victims who are infected with the virus, but also victims of hunger and victims of bad people in our country.

Yes I believe so too, they just don't open up to Bitcoin.  Until now, Biden's attitude also does not support crypto explicitly, but that's not a problem because bitcoin is legal in that country.  Currently, even many companies are hedging with Bitcoin, because currently fiat money is not a promising thing.  So Biden or not, Bitcoin has its own place to grow, it is not a seasonal asset, it has been proven for years.

It is very clear that the pandemic has hit the economy of every country.  So this economic rescue was carried out by providing large subsidies to the community.  How can the government provide a lot of subsidies if the state revenue decreases, many companies suffer losses and even close, is it possible only from taxes.  Surely what the government is doing by increasing debt or printing money.  All of this had a clear impact on fiat money.  On the other hand, everyone has started to worry about their assets.  Amid economic uncertainty, people are defending themselves by saving their assets to Bitcoin.  It is not unusual for Bitcoin to appreciate during Covid.

In fact, if the world is currently moving towards cashless, this process will take a very long time even though it has been accelerated due to the pandemic.  Even China itself, which has been using wechat pay and alipay for a long time, has not implemented a total cashless policy.  Currently we are only discussing the possible impact if cashless itself is implemented, even though that is far from being a reality.  It may be too naive to think of everyone as good, but not everyone is stupid, even though you are right that we each have our own way of defense and there will definitely be a way out for every bad thing that happens. (such as crypto, one of example of our defense way)

What I know is that generally vaccine development takes 8 to 10 years and the possibility of a vaccine can be made faster, at least it takes between 12-18 months and this is a realistic calculation and based on optimism according to James Cutrell.  But if you look at the recently announced vaccines Pfizer and BioNTech even less than a year of development, can this really convince us it is really effective?  Hopefully this is real good news, and hopefully there's no conspiracy behind this.  Because the conclusion I can draw during this pandemic is that the biggest threat to the world today is not a general gun war but a conspiracy of biological weapons.

Why the pandemic worsens the value of current fiat money because it is used legally in the country as a transaction tool.  All economic policies taken will have a direct impact on fiat money.  How not, because what determines inflation in a country is fiat money, not bitcoin.  Monetary policy is devoted to regulating the supply of fiat money, not other assets.  Because if it is excessive, there will be inflation, if it is less, there will also be a decrease in people's purchasing power.  Bitcoin is not that common for everyone even there are still many countries that have not legalized it for reasons of economic problems.

Not only in the US, but also my country says vaccines are in the final stage before distribution.  The vaccines made in my country are also said to be effective, so this news is not really a surprise.  The question here is what makes all the vaccines different?  now it looks like they are in a race to offer their vaccine and it is sold at a high price for a huge profit.  This news will also not affect bitcoin, because when the pandemic appears, bitcoin prices will continue to rise, and in the future it will too.

Talking about conspiracies is endless.  But right now I believe this is indeed an ordinary pandemic, even if there was a conspiracy at the beginning the impact would not be as bad as what the OP talked about.  Until now, my country has been doing well even though the debt has increased, and the current total debt is still fine when compared to the country's GDP.  Inflation in my country was maintained even though there was a slight increase, but not hyperinflation, although I admit that unemployment has increased.  If it comes to nuclear war, my mind is too naive, but I'm sure it's not like this.

May I see an article related to that?  I just heard about it.  But if that is true, it is good news for all of us.  There is evidence that humans can have covid-19 antibodies.  So that we are not too anxious to stay active on the condition that we maintain health protocols.  But I also believe, one day we will all be immune to this pandemic, just waiting for the time.  Because this pandemic is not like HIV, which even today there is no cure.

Isn't that just our bad guess to the government, you only conveyed the negative opinion.  If you are too afraid of the system created then there is something wrong behind it.  However, every policy taken I believe has been considered the pros and cons.  I'm also not sure if you only keep assets in the form of money.  There are many forms of investment that can be used to save large amounts of your money.  There are gold, stocks, bitcoin, other physical assets.  I am not the type of person who keeps assets in the form of money.  Maybe you are too, so don't worry too much.  What is the use of the law and law enforcement when there is an injustice?  The government is also our choice, so just trust our leaders.


I agree, with the cashless policy it can encourage the temptation of the government to do something like that, but the government has people we have chosen, and I still believe that with the term above, there is the most absolute government, namely "people's sovereignty" where we can continue to monitor anything.  policies made by the government on the impact of this cashless, and if the government starts to deviate a little, we can use our voting rights by taking to the streets.  Didn't none of the governments want demonstrations to happen?  it's a bad thing for a country if it happens a lot.

I couldn't agree more, behind the convenience and comfort felt by the community with cashlessness there is a nightmare of fully controlling money from the government when we carry out bad risk activities.  But if we live our life the right way, it's not a nightmare.  Unless you are doing money laundering, or doing illicit transactions, a drug dealer, your money will be easily detected.  But this won't happen any time soon I think.  Because changing ordinary things to new things, it will take a very long time even though there is an acceleration of this pandemic.

Right, I would rather agree if the adoption of another currency in the country of Venezuela is legalized than printing more money.  Currency redomination will also not help much as the government also has to print large amounts of money.  In addition to requiring greater costs to print new money, the government must be prepared to overcome the additional inflation problem due to a decrease in people's purchasing power.

This situation really be on the horns of a dilemma.  Reopening the economy is a move that everyone wants but it will increase the number of infected cases.  On the other hand, if you want to reduce cases of covid-19 infection, the government must lock down and worsen the country's economic conditions.  Nobody expects both.  However, that is the reality we must accept.  New normal is an issue that must be accepted by the public, ready to survive side by side with the virus to survive hunger.  Like living in the walking dead series.  Silent and uninspected but starving to death or struggling but zombies are ready to pounce.

I don't know which automotive company has made profit during this pandemic because it reduces costs, which is usually replaced by digital-only processing via zoom.  However, if you look at the data on the automotive industry in my country, the sales decline occurred about 50% from last year.  And some say the automotive industry's revenue has decreased by 15%.  No one has yet noted that during this pandemic, auto companies were profitable.

Will the vaccine to be distributed in India really prove effective?  Because as far as I know that generally vaccine development takes 8 to 10 years.  However, if seen from the words of James Cutrell, the vaccine can be made faster, at least it takes between 12-18 months and this is a realistic calculation and based on optimism.  So how can India be sure it is really effective?  what steps are taken for the vaccine trial?  because if it's carelessly, it's dangerous.  Honestly, now I doubt that the vaccine will be effective.

The possibility that could cause bitcoin price to drop drastically I can conclude is that the wholesalers are short selling, they are selling a large amount of their bitcoins to cause panic from the small traders and all join in selling so the price falls and they buy back cheaply.  The government can also make bitcoin prices fall, when all countries prohibit transactions related to bitcoin, inevitably the bitcoin price will fall.  Another is when there is a negative issue related to bitcoin, where there is a massive hacker attack on the digital exchange, this issue can make many traders worry and immediately exchange their bitcoin for other assets.  And when bitcoin has a more profitable competitor than bitcoin, it will soon be abandoned.

I am also quite confused about how to determine the current pandemic wave.  As far as I know, in my country the first wave started in early March until now there is no sign of ending.  However, many say that it is already in waves two or even three.  But that's not the main problem here.  My focus is more on what businesses can be created during this crisis and get others out of this crisis themselves.  What can be seen today that businesses that can be run and are not too affected during the pandemic are digital-based businesses or businesses in the field of community staple products.  In addition, other businesses experienced a decline in profits, some even went bankrupt.  Can you provide an example of the business you are referring to?

Perhaps more precisely, full of strength in the area of ​​a transparent financial system.  Because the impact of digitizing the yuan will not have a full impact on the economy, what determines the country's economic strength is its foreign exchange reserves.  The bigger the country's foreign exchange reserves, the stronger the country.  The digitization of the yuan only seems to give the government the power to control black money and taxes from its people.  Another benefit will make transactions easier due to their speed, security and convenience.

It is not that to overcome this pandemic an alternative besides printing money, it can be with other approaches, there are many types of monetary policy that can be implemented by the central bank.  Printing money to tackle this pandemic is not a common practice in the economy.  Because by printing money, the government must really control the money that has been printed. There will be many problems if printing money is not supported by strict supervision.  There are many people who will take advantage of this opportunity, greedy politicians and officials, and there are many others.  It is a fact that has been done in my country, printing money can cause inflation of up to 67% because the distribution of money is not going well because many unscrupulous individuals take advantage of this situation.  This is a hard lesson for my country so that currently the government in my country has not yet adopted a policy of printing money.

yeah right, we can't just blame the government.  Cooperation between government and society is needed.  When the lockdown policy is enforced, we should comply with the policy, not only comply with health protocols, we can also remind our families and people around us to comply with applicable regulations.  The government also has to make very strict and well-planned regulations, not decisions that are rash, or decisions that are not well prepared.  Because 1 wrong decision in this pandemic could make the country continue to fall into the future.