Pandemic Coronvirus Impact On Global economy

[sujon5]

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.

[Ryker1]

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

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.
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 ]

[nosferzd]

The only thing that coronavirus may impact is how governments should control closely and improve its medical equipments and infrastructure.
Seeing countries failing each other and govs steeling bought or pre-ordered medical equipments from each other is disgusting, the latest USA from France...
Countries will put their hands on the medical field, other than that nothing will change

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.

[Averim]

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance.

[1] The following is definitely illogical. It simply does not follow.

Premise: "The world is surrounded by COVID-19."
Conclusion: There is an increasing "demand for decentralized economy."

[2] How does a decentralized economy in any way promote or used "as a way of maintaining social distance?"

Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.

I don't think so. The pandemic is pulling the economy down and the central powers, may it be governments or international communities of countries, are the ones that actually serve as safety nets by way of stimulus, loans, grants, quantitative easing, and so on.

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.

[wozzek23]

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.

[abhiseshakana]

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.

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).

[CHENIEN]

 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.

[rollingdice]

I don't think that the global pandemic causes the demand for decentralized economy. The economical decentralization can't fix the situation now. It's likely that COVID-19 fast spreading shows that there is a room for digitalization. And the society is almost ready to become cashless.

[Latviand]

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.

Stock market are going down because of this Covid-19 so I don't agree that the demands remains controlled. China is the only one who can control their economy because of the products and goods came from them, they are the no.1 manufacturer of some products that's why their stock market and economy is constant although the Covid-19 originated from their country.

Government really doing their best just to authorized this pandemic and I know that some people are still blaming the government for the lack of support that they give in the community. People are starving and getting sick as they don't receive any support and help on the government. The authority is still trying their best to handle and lessen the spread of this virus, let us follow what they've ordered for us to do.

Always stay at home and don't go outside if you will just stay outside. Let's help the government to resolve this and stay at home to slower the risk of spreading the Covid-19 virus.

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.

That's right, because all that matters now is the cryptocurrency, it can be used as a payment so that people are not necessary to go outside just to pay their bills and delivery. You can use cryptocurrency to buy goods and other things that is necessary during quarantine.

[Vishnu.Reang]

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.

Demand for decentralized economy is increasing? I am yet to witness any of that. We are a few months in to this pandemic and I haven't heard about any mention regarding the decentralized economy. Even if we had a decentralized economy, how it could have fared any better than the current one that we have? As of now, we have a centralized economic setup where the governments decide about all the policies. And in the near future also, I can't foresee any big change to that.

[Genemind]

The effect of the pandemic on promoting decentralized economy is not as big as it seems. It still depends on the country I guess. If a country is not yet exposed in a decentralized system nothing has changed. In third world country most people who are affected are those who are in the lower class which means they have no access to cryptocurrency, thus fiat is still the only option they have.

[Viscore]

It has nothing to do with the decentralize economy or benefit the decentralized economy, in the end, it's still the government that will control and at the end of the day, they will pass the burden to the people once this pandemic is over.

If this will benefit the decentralized economy then we have already saw the market booming now, but its not, it has recovered a bit but it was not booming yet. It's still uncertain IMO, but we keep the faith in our government and the decentralized economy as we need our government to blessed the decentralized economy before it will succeed.

[FlightyPouch]

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.

A big no. Despite people maintaining social distancing, fiat are so widely used because of the fact that people need it to buy essentials and fiat are the only ones that can be easily and quickly used in this kinds of scenarios.

[Assface16678]

The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer.

While the pandemic outbreak of coronavirus are happening it's really hit hard the economy because all of the transactions and trading getting canceled because they want to avoid the spreading of the virus and this is not quite good because the stocks of the different items like the mask, alcohol and foods become limited and this is not good because it may cause of shortage of the supplies but I think the government can handle that kind of situation. Also about the statement of getting decentralize is just a term use for no one or nothing will have the power to control this and this is the crypto no one can manipulate this but can only regulate by the government.

[justdimin]

We can't really call the drop on stock markets all because of corona, I mean surely a pandemic that keeps people at home and get many of them fired reflects on stock markets but right now in the past 1 month we are seeing the stock markets going higher, that tells us something.

It is significantly lower than lets say 3-4 months ago (start of the year) but it is higher on the monthly price and corona still continues anyway, so that means maybe the drop in stock markets is not because of corona but because these companies were ran horribly and their CEO were terrible which caused the prices to drop at one time for any reason.

Even crypto is almost at a profit on year to date, which is quite surprising to me considering we were under 4k for a minute there and we somehow bounced back.

[SaShiRaJaVu]

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.

How can a government allow a decentralized economy after a pandemic, i did not understand the logic behind it, the economy will be affected globally as the virus has halted many business for months and the amount of loss that every business owner has to bear is immense and it has nothing to do with decentralization and i have no idea how the government will recover from this recession.

[Viscore]

i have no idea how the government will recover from this recession.

You should have, government is the people and with the people working again, government will start to recover.
This is a global issue, majority of the big countries are affected, of course except China maybe because they are in operation now and have survive the virus.

USA one of the biggest if not the biggest country are heavily hit by the virus, their economy will struggle for sure but they are a great nation so they'll recover. What we are facing now are just temporary problem, together we will rise after we defeat this virus.

I understand the fear, but it has not totally kill our economy yet.

[lepbagong]

i have no idea how the government will recover from this recession.

You should have, government is the people and with the people working again, government will start to recover.
This is a global issue, majority of the big countries are affected, of course except China maybe because they are in operation now and have survive the virus.

USA one of the biggest if not the biggest country are heavily hit by the virus, their economy will struggle for sure but they are a great nation so they'll recover. What we are facing now are just temporary problem, together we will rise after we defeat this virus.

I understand the fear, but it has not totally kill our economy yet.

however, even though it might not bankrupt a country, many developing countries experience a very large impact from an epedemic corona. because this epedemic is not expected to have an impact at all in almost every country in the world, maybe for the big economies they are ready. but developing countries will be very impactful, because the budget that should be earmarked for other things must be transferred to the handling of this epedemic corona. not to mention the need for shopping for health equipment is very difficult to find, if there is an expensive price and must be purchased.
but where there are difficulties, there will be improvements, that is, countries now need each other and help one another even though in the past the economy might have competed.

[btc78]

Yes it is and obviously like what in this Thread says https://bitcointalk.org/index.php?topic=5239983.msg54210471#msg54210471 the demand for Online classes are rising to more than 300% meaning the Pandemic brings positive thing to our precious market.
and in sooner time will be Up high once again because we have been sitting for bear long time now.

[Cratoon]

Crypto economy is a "backup plan" for many people who are aware of this tool and aware of the situation with today's world economy.
If SHTF everyone will use bitcoin just like nuka-cola caps in the Fallout series.