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Author Topic: CORONA Spreading in many countries. Bitcoin is one Solution for Transactions!!  (Read 968 times)
Chrystora123 (OP)
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March 07, 2020, 04:07:54 PM
Last edit: April 05, 2020, 11:38:39 AM by Chrystora123
Merited by nutildah (1)
 #1

nb; I edited this post a little based on existing discussions

we can see data in real-time from this site about COVID-19 Virus (Corona) which is currently serving almost all over the world


source: https://www.worldometers.info/coronavirus/

many effects that occur due to the spread of the virus that until now there has been no cure (report from WHO), not only deaths and economic changes have occurred due to the spread of this virus, but also many others;

  • 1. Kab'ah empty
    this is one of the extraordinary effects because we know that the Kab'ah is never empty by worshipers who want to worship (even during renovations).
  • 2. Prices of spare parts (electronic devices & vehicles) are rising
    China is famous for its counterfeit goods (KW) and cheapness, as a result of the spread of this virus many countries have shut down (export-import) to or from China.
  • 3. the appearance of strange greetings "Leg Shaking"
    many people and even state officials are afraid to touch hands (shaking hands) so they do "Leg Shaking" to still be able to maintain intimacy and avoid contracting the coronavirus.

there are many more effects that occur and I can not explain one by one here (because it must be too long)  Cheesy


if everyone is afraid to touch each other, are they not afraid of fiat money when they trade because the virus can spread through paper money (drooling or sweating)??  

This is the time we really must us digital transactions as a means of exchange because we are physically not in contact with other people so we avoid contracting the COVID-19 virus (Corona). Today's digital transactions can take the form of Cryptocurrency & Electronic money transfer service, here's the list;

Cryptocurrency;

Electronic money transfer service;

I hope the governments of countries around the world can think about this and even campaign it in their respective countries (Doing transactions with CRYPTOCURRENCY & Electronic Money Transfer Service, not with PAPER MONEY)



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March 07, 2020, 04:51:17 PM
 #2

Yes then the money won't be the problem anymore  Grin , people should know that the money is able to spread more diseases and viruses compared to a crowded bus or taxi .
People won't just leave money , it is really essential so doing the online transactions might be the key to protecting yourself and your family members for the time being.
Bitcoins can be very useful in the international transactions .

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March 07, 2020, 06:27:36 PM
 #3

This can help to prevent other people from using Paper Money (Fiat Currency) Especially when paying their bills and you have to leave the house to fall in line with those offices to pay.

1. Water bills
2. Electricity bills
3. Internet bills

And it is risky to our safety because we are exposed to many people where we are at high risk of contracting the virus. So hopefully the government has taken a step towards this.

~ Actually here in my country this is happening, We can now pay bills with digital money and crypto currency.



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March 07, 2020, 07:27:17 PM
 #4

Not to argue the use of bitcoin, say a solution to solve to prevent being infected by covid-19 using cash, but more people keep using online banking already through their mobile banking apps and some digital wallets (Gcash, Paymaya) here in my place rather than bitcoin itself, but of course, there are some, like me using it, especially paying bills, online shopping, etc.
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March 07, 2020, 09:56:23 PM
 #5

https://www.marketwatch.com/story/who-we-did-not-say-that-cash-was-transmitting-coronavirus-2020-03-06

Cash is such an insignificant vector for the spread of this (or any other) disease, there's no need to panic about it, just was your hands after handling cash and you will be fine. We won't see any big increase in BTC adoption because of the virus, people will use credit cards more if they'll have to, but otherwise everyone will keep using cash. And you overestimate how much regular people care about this virus, most people in the world don't even wash their hands as much as they should.
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March 07, 2020, 11:00:15 PM
 #6

Not to argue the use of bitcoin, say a solution to solve to prevent being infected by covid-19 using cash, but more people keep using online banking already through their mobile banking apps and some digital wallets (Gcash, Paymaya) here in my place rather than bitcoin itself, but of course, there are some, like me using it, especially paying bills, online shopping, etc.

Agree, been using my bitcoin and bank apps for transactions of my bills to save me time and the hassle of going on line. I don't want to say this, but maybe many people are too imaginative on how to used crypto specially when we thought that it can spread out thru paper bills. And there are a lot of people around the world who don't have a clue to what crypto is, so I doubt that we will suddenly see a surge of usage just because of the covid-19 pandemic.

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March 07, 2020, 11:22:08 PM
 #7

I wonder how much filth is on the average banknote vs the buttons on a card payment machine. The cash could've been laying dormant for days. A card machine in a supermarket will have been fingered by people who've been fingering rancid rent boys ten minutes before. I'll be using a pencil from now on if it goes above the contactless limit.

As for the original theme of the thread, no one gives a shit. Other than hopeful Bitcoin fans of course.
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March 08, 2020, 01:02:32 AM
 #8

Uhh virtual banking bro. Bitcoin is way too young atm. Not enough to fill the void of not using fiat currency. Especially with how only there are a few number of mediums out there that accept BTC as payment. Also, using Bitcoin as a solution for transactions IS NOT gonna fix the problems of factories closing down ( temporarily) and the weird leg shaking greeting officials do.

In essence, this isn't even a solution to the problem. The virus is still there, and even if transactions were done online ( which I'm pretty sure most of the people who know about it do it), the virus could still spread in different avenues.

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March 08, 2020, 01:13:56 AM
 #9

Cash is such an insignificant vector for the spread of this (or any other) disease, there's no need to panic about it, just was your hands after handling cash and you will be fine.

it's not cash that's the problem. it's being in the physical presence of other (potentially infected) people.

Quote
The virus is thought to spread mainly from person-to-person.

    Between people who are in close contact with one another (within about 6 feet).
    Through respiratory droplets produced when an infected person coughs or sneezes.

https://www.cdc.gov/coronavirus/2019-ncov/about/transmission.html

so i can see the appeal of getting groceries and other goods delivered directly to your home, rather than braving crowded marketplaces right now. i would avoid crowds and shopping in general.

the thing is you don't need bitcoin to do that. amazon, primenow, instacart, etc all work with credit cards and the gamut of electronic payment methods. the OP is really reaching. the coronavirus isn't gonna increase bitcoin adoption.

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March 08, 2020, 01:19:09 AM
 #10

Bitcoin is an option when something like this happens, but it is not the only one. We have several other online payment options, of course. But we really have to do away with hard cash for now, and even cards, certificates, stubs, and anything that will require people to make contact with one another. Accordingly, the virus may actually settle in the fibers of money or paper. That is why paper bills are already passing through a disinfection process before released to the public once again. But if possible, people should just choose online or crypto payments.  

Anyway, I am seeing how COVID-19 is shaking the world in a way. If I may add some effects of COVID-19 to the world's day to day life.

  • Classes are suspended.
  • Flights are cancelled.
  • Conferences, seminars, training, meet-ups, and even nationwide exams are either postponed or cancelled.
  • Stocks and replacements of goods are drained.
  • Religious services have been cancelled or done online.
  • Tourism hits the bottom.
  • Discrimination are somehow awakened.
  • Panic buying of masks, disinfectants, and even food.
  • Unemployment is rising.
  • Shares are falling in many countries.
  • Streets, markets, parks, etc. are deserted.


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March 08, 2020, 02:15:22 AM
 #11

Today one of the widely spreading news is the coronavirus many people today are getting affected with this virus, and one of the cause is the food they eat like bat, insects, and more that always migrate into different places and becomes a host to that disease and that is start into Wuhan, China and now spreading all over the world because there are some people came from the affected country and transfer into another one also this kind of disease is airborne so it can be touched into different objects like the money, we can infect quickly now with moving money, and it is better if we are going to use the cryptocurrency or the digital currency to pay or transfer funds to avoid having a direct contact with the things of the infected person; also it is good to buy a bitcoin and use this to buy a lot of things we need to do because it is more faster and efficient than the traditional way of paying and we are also avoiding the virus.

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March 08, 2020, 03:25:07 AM
 #12

But how sure are we that it is only Bitcoin which is the solution to this problem? There are online banking and other digital currencies so how come that we should expect Bitcoin will be the only medium given that there are still countries to which it is not yet recognized as an official currency to be used in online services due to its market price instability. There could be a time where Bitcoin would be the main medium but not as this early. There will be further developments for such thing to happen.
I wonder how much filth is on the average banknote vs the buttons on a card payment machine. The cash could've been laying dormant for days. A card machine in a supermarket will have been fingered by people who've been fingering rancid rent boys ten minutes before. I'll be using a pencil from now on if it goes above the contactless limit.

As for the original theme of the thread, no one gives a shit. Other than hopeful Bitcoin fans of course.
There are just these people who are becoming absurd when it comes to Bitcoin. We do recognize Bitcoin as a helpful currency but we cannot disregard its flaws. Bitcoin still is under the process of development and with that being said, we cannot fully make use of it at this point other than a form of investment.
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March 08, 2020, 03:35:21 AM
 #13

So you're pretty much saying that Bitcoin is the only way we can transact in a cashless manner? I mean, I'm a huge ass bitcoin bull in the long term but you might want to think realistically. Let's not act as if online banking and online payments platforms like PayPal/Venmo/CashApp/etc doesn't exist.

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March 08, 2020, 03:47:16 AM
 #14

So you're pretty much saying that Bitcoin is the only way we can transact in a cashless manner? I mean, I'm a huge ass bitcoin bull in the long term but you might want to think realistically. Let's not act as if online banking and online payments platforms like PayPal/Venmo/CashApp/etc doesn't exist.
I dont know why people are really that positive enough to believe that bitcoin would replace that traditional online banking. lol
Without even having second thoughts that theres already a way on making cashless transactions even crypto doesnt exist.
They do really believe that they will consider it out? Im sure it won.

For now there might be some show of interest but doesnt mean that it will be considered generally.

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March 08, 2020, 05:04:23 AM
 #15

Government has digital currency as well and it being used by all people in my opinion. And they will use first their money fiat in form digital currency for payment system. Indeed, bitcoin and altcoin can be used as a solution as well with one note government can accept the using of cryptocurrencies as a payment system in their country. This virus is very horrible, its transmission is very fast and a lot of media that can be transmitted including through money.
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March 08, 2020, 05:06:30 AM
 #16


There are so many aspects to consider with this Corona Virus to avoid spreading.
Everybody should be aware of the options available. I do agree with your suggestion,
 Crypto should be recognized as a solution to the current status of the economy because of the Corona Virus.


Though we don't like this kind of situation from happening again, but this is a good example where the usage of crypto is inevitable. Less contact with your local fiat which has been changed hands so many times you don't even know how many people have been touching that paper money. However, the percentage of people that know how to transact with crypto is very small so maybe this time, they will try to explore the possibility of using digital currencies. Consequently, it may drive mass adoption.
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March 08, 2020, 06:19:25 AM
 #17

we can see data in real-time from this site about Covid-19 Virus (Corona) which is currently serving almost all over the world


source: https://www.worldometers.info/coronavirus/

many effects that occur due to the spread of the virus that until now there has been no cure (report from WHO), not only deaths and economic changes have occurred due to the spread of this virus, but also many others;

1. Kab'ah empty
this is one of the extraordinary effects because we know that the Kab'ah is never empty by worshipers who want to worship (even during renovations).

2. Prices of spare parts (electronic devices & vehicles) are rising
China is famous for its counterfeit goods (KW) and cheapness, as a result of the spread of this virus many countries have shut down (export-import) to or from China.

3. the appearance of strange greetings "Leg Shaking"
many people and even state officials are afraid to touch hands (shaking hands) so they do "Leg Shaking" to still be able to maintain intimacy and avoid contracting the coronavirus.

there are many more effects that occur and I can not explain one by one here (because it must be too long)  Cheesy

if everyone is afraid to touch each other, are they not afraid of fiat money when they trade because the virus can spread through paper money (drooling or sweating)?? 

This is the time we really use Bitcoin and CryptoCurrency as a means of exchange because we are physically not in contact with other people so we avoid contracting the Covid-19 virus (Corona). 

I hope the governments of countries around the world can think about this and even campaign it in their respective countries (doing transactions with digital money, cryptocurrency and not with paper money)


If virus can really be transmitted via fiat money then we need to stay away from it as long as the virus is still there especially if there are no cure yet. Digital assets will be the best solution for, crypto is already there and any of the governments can temporarily use it in order to at least lessen the virus effect in their respective countries.

China, Iran and South Korea should make a bold move right now if they want to fight the virus. Once the virus will be eliminated then they can just use their fiat immediately but right now bitcoin and other digital assets will be the right option to choose for them.

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March 08, 2020, 07:40:13 AM
 #18

People will not start using Bitcoin just because of corona virus. You forget that many people still don't know that Bitcoin exists and that will not change over night.
They will not give up fiat money and id they will not use it in physical way they still have credit cards.
Yes, virus can be spread through money bills but also through other objects that people use but you can't just stop using everything and live in constant fear.
Don't push.the theory that corona virus is good for Bitcoin because that is not true.

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March 08, 2020, 01:44:01 PM
 #19

I dont know why people are really that positive enough to believe that bitcoin would replace that traditional online banking. lol

There's really a chance though. It's just that it won't really happen in a snap of a finger. It's just going to take time. A LOT of time. Bitcoin's liquidity is simply not there yet. But in the future? Maybe. Time will tell.

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March 08, 2020, 02:04:35 PM
 #20

Physical cash is one of the main routes for Coronavirus transmission. The banknotes and coins are being used by dozens of individuals every week and the virus remains in them and contaminates who ever touches them. There were reports from China about the government burning banknotes, in a bid to contain the spread of the virus. I even read about reports where the government was planning to ban physical cash altogether, so that the virus spread could be slowed down.
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