Pandemic Coronvirus Impact On Global economy

[Casdinyard]

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.

Decentralized economy and social distancing? Whats the relation here !

Maybe? this should add as an another factor for accepting the idea of digital payments however that's not the main case for digital payments to be adopted as soon as possible.

This pandemic increases the digital transaction and even many government said that, so more people are moving towards digital payment but they are just moving from physical money to bank transaction so which never increases the need of decentralized payment yet.

Pandemic may give the best idea for digital payment but the pandemic only comes in a century or so, and I guess we would not be able to encounter severe pandemic like this as this will serve as a lesson to all of us, nations will be going to be more practical with the national budget they will get in the future. Fiat currency, and physical contact transaction will never be replaced, it is like arguing with what is the best currency to use but fiat will never lose its position.

[Vishnu.Reang]

That's all government policy with a pandemic like this, we don't have the ability to fight. a large portion of a country's economy will be shaken by the existence of such a pandemic with the presence of covid-19 which is experienced by almost all countries. all will compete to find solutions in finding medicine

So far, there is no medicine or vaccine available so the treatment is done based on the symptoms. Even if the pharma giants come up with a new medication, my guess is that it may take anywhere from 6 to 18 months, to get through the testing and regulation phase. So don't put your hopes on any miracle cure appearing overnight. The only way to get around this is to stay at home and to practice social distancing.

[iv4n]

Corona didn't open a door for the decentralized economy, Bitcoin did that!!! To be clear on that.
What corona do is showing the flaws of centralized systems. What we will see, or what we are seeing now, some saw that a long time ago, is how centralized system is fucked up! Now Americans will get $2000 every month, I will get $130, where are other countries and how much they will give we will see, but for whom is that help actually? Do you think it's fair distribution?! Who is printing money and deciding whom to give and how much?! And if you are born in wrong place you will get nothing? Is that fair?!
Global economy is not fair, but Bitcoin and crypto opened a door for new era and new system. All we need to do is to embrace it!

[exstasie]

Now Americans will get $2000 every month, I will get $130, where are other countries and how much they will give we will see, but for whom is that help actually? Do you think it's fair distribution?! Who is printing money and deciding whom to give and how much?! And if you are born in wrong place you will get nothing? Is that fair?!

LOL, look at where some of the $1,200 stimulus checks are going too: Stimulus checks are being spent on dildos, tigers, guns and stripper poles



The IRS is sending $1,200 stimulus checks to dead people

It turns out there is no logistical way to quickly infuse cash where it's truly needed. You either drop it from a helicopter, or people starve.

I am not expecting this "$2,000 per month" bill to pass Congress either. If it does, that number will be cut down significantly.

[adzino]

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.

How is decentralized economy a "way of maintaining social distance"? How come an economy that no one controls can become to aid in social distancing? It makes no sense. And you are saying as if we are now going to maintain social distance forever. Decentralization isn't always the best option. Making everything decentralized will just start creating a total chaos in this world.
This pandemic isn't going to open a decentralized economy. No one is going to risk right now trying to make a "decentralized economy" (not even sure if this is possible).

[iv4n]

Now Americans will get $2000 every month, I will get $130, where are other countries and how much they will give we will see, but for whom is that help actually? Do you think it's fair distribution?! Who is printing money and deciding whom to give and how much?! And if you are born in wrong place you will get nothing? Is that fair?!

LOL, look at where some of the $1,200 stimulus checks are going too: Stimulus checks are being spent on dildos, tigers, guns and stripper poles



The IRS is sending $1,200 stimulus checks to dead people

It turns out there is no logistical way to quickly infuse cash where it's truly needed. You either drop it from a helicopter, or people starve.

I am not expecting this "$2,000 per month" bill to pass Congress either. If it does, that number will be cut down significantly.

Well my point is that system is not fair! With this money they are buying votes to stay in power, and probably they will buy a lot of people with this money! In my country it's even worst, people will sell their votes for silly $130, I already hear some people talking how it's a good thing that president will help! System is shit, huge shit, and it's not fair. I get that in animal world there isn't word "fair" bigger will eat smaller, wolfs will eat ships, but we are humans? Are we animals? Can we elevate our minds and be above all this shit?! To be fair to each other?! On global level, not just for fellow neighbor, I mean for all the people, without borders, nations, skin color and all that crap!

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

No, wont happen but in exchange the number of people working from home will grow, so perhaps companies will use the crypto technology to transfer all kind of data and verify services, so there is something good in it.

[Saisher]

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.

How can that be when everything depends on a centralized government and every country depends on each other for progress and development I don't think things will change at all and bedsides this is not permanent once we find the cure it's back to normal for all of us.

[KrisAlex18]

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.

As what we have experiencing right now, as virus still existing around the world, the cryptocurrency gets so much exposed of using it because it avoids people from going outside, the use of cryptocurrency maintains the social distancing which we really need to prevent the risk of spreading the virus.

But I think decentralized economy will not allowed in the real life economy because for me cryptocurrency is only applicable as alternative to fiat currency because cryptocurrency won't replace fiat currency.

[lepbagong]

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.

As what we have experiencing right now, as virus still existing around the world, the cryptocurrency gets so much exposed of using it because it avoids people from going outside, the use of cryptocurrency maintains the social distancing which we really need to prevent the risk of spreading the virus.

But I think decentralized economy will not allowed in the real life economy because for me cryptocurrency is only applicable as alternative to fiat currency because cryptocurrency won't replace fiat currency.

the existence of an epedemic does not guarantee that the priority to keep distance so as to avoid transmission by staying quiet at home, will be equated with the demand for a decentralized economy will increase. because it can't be equalized that all will do crypto. because anyone can look at the epedmic with no worries, but who sees with anxiety then he will not think of crypto.

developments that have advanced and almost all make economic action also follows developments. crypto is a very important progress and can be an alternative and support the economy although fiat is still a legitimate exchange and cannot be replaced until now.

[btc78]

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.

How can that be when everything depends on a centralized government and every country depends on each other for progress and development I don't think things will change at all and bedsides this is not permanent once we find the cure it's back to normal for all of us.

but is there really a cure?or just a way to prevent from being infected ony. though  you  are right that once this pandemic stops then we will see market in good way again if until when?thats the question and something to wait for.
what is important now is we remain safe from the virus and willing to wait for the Bullrun again.

[super bako]

this is caused by slowing economic growth due to the co-19 pandemic. This delay is marked by the deteriorating external environmental conditions and weakening domestic demand along with declining business and consumer sentiment. commodity prices and financial market turmoil.explained co-19 conditions for the global economy caused very high uncertainty and reduced the performance of global financial markets, depressed many world currencies.

[verita1]

The Coronavirus Covid19 will undoubtedly have a great impact on the economy. Because there is still no cure and the projections are not favorable. The leading countries in the global economy are being hit hard by the virus. Regarding the crypto market, it has recovered a little and I have seen that the public needs to send digital money because the banks are closed due to quarantine.

[shield132]

That's not what "decentralized" means. Decentralized means that nobody controls it. Communism is based on a centralized economy. Capitalism is decentralized.

I would say that Capitalism is centralized by rich people. You need capital to enter market but at the same time on market there are so giant players, they can dive you deep if they wish. See: THESE 10 COMPANIES CONTROL EVERYTHING YOU BUY
Communism is better for poor and average people but of course you need a good management in government for that. It has it's pros and cons, a lot of old people from post soviet countries would say that they had better life in past but huge disadvantage of this was that they wouldn't show you what was happening around the world, communism is like a living in closed area.
But capitalism that exists nowadays, has developed more likely as invincible monopoly where companies with biggest capitals (richest and stronges companies like amazon, walmart, google, facebook and etc) control what you buy, when you buy, what you write/think and etc. Problem here is that along government, there are companies run by non government people whom have huge control on us.

[Yatsan]

It has a huge impact in our economy almost all of the market are affected by it. Stock, Forex, commodity, those market crash because of the  pandemic and it affect a lot of people. Lock-downs are being implemented all over the world triggering the economy crash and all of the other markets. Bitcoin/cryptocurrency is actually not exempted there, it also hit by a major crash recently. Every crisis like this will expect a market dump so, it's better if you have savings and you diversify your asset really well.

this is caused by slowing economic growth due to the co-19 pandemic. This delay is marked by the deteriorating external environmental conditions and weakening domestic demand along with declining business and consumer sentiment. commodity prices and financial market turmoil.explained co-19 conditions for the global economy caused very high uncertainty and reduced the performance of global financial markets, depressed many world currencies.

Every work and almost all of the business are on paused right now, so it's expected for markets to crash. Let's just hope that this is going to be cure soon, the world is on focus on eradication the virus after this, we will be back on our normal lives.

[Subbir]

I accept as true with you we'll soon be saved from this epidemic within the meantime many countries have gone into recovery and therefore the remainder of the country is on lockdown to guard themselves. However  the impact of the pandemic coronavirus on the worldwide economy won't be easy to beat.

[camito]

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.

Having a 'decentralized' economy means having no one to control it. We might see the flexibility and volatility of Bitcoin having these characteristics but the economy won't function in that way. It can sprout rivalry and a messed up organization. The COVID-19 even spanned out doubt and fear, so naturally and practically, people will clung out to the government. Asking for food, goods, and necessities. Online transactions might be a safe way yes, but people need reality and they have it with the government.

[FanatMonet]

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.

Having a 'decentralized' economy means having no one to control it. We might see the flexibility and volatility of Bitcoin having these characteristics but the economy won't function in that way. It can sprout rivalry and a messed up organization. The COVID-19 even spanned out doubt and fear, so naturally and practically, people will clung out to the government. Asking for food, goods, and necessities. Online transactions might be a safe way yes, but people need reality and they have it with the government.

A decentralized economy really does not have any advantages over the ordinary, especially against the background of various situations that have a very strong impact on the lifestyle of an overwhelming number of people, so the search for salvation in a decentralized economy is in vain.

[panganib999]

Even though the reality is that the whole world is affected by the covid-19 pandemic, still it does not lead the way for the promotion of using cryptocurrencies or getting into a decentralized economy because even if it is said that virus could be transferred through physical money (paper money) or fiat, still people have many ways on using fiat such as sanitizing their money or frequently using sanitizing stuffs right after handling money and also there is digital banking and apps where you can pay cashless and also credit cards if you want.

This pandemic has nothing to do on the increase of demand of using cryptocurrencies because here in my country, even people are aware and knowledgeable about using Bitcoin to avoid the physical contact on using paper money, still they prefer using the ways I have stated above since using crypto is still not supported by our government and even merchants although it is not prohibited because we can use it but on our own risk only.

[hunter7519]

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.

The epidemic had a negative impact on the economy. Restrictions have limited production and consumption possibilities in many countries. There has been economic stagnation and recession. Unemployment and social dissatisfaction have increased. In addition, central banks have mass printed money, which will result in rising inflation and loss of savings for some people. In addition, the restrictions introduced in many countries still prevent the return to production and trade before the epidemic. I am afraid that after a period of temporary economic stabilization there will be another economic crisis or violent socio-political events.