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Author Topic: The pandemic did push the world towards a more digital age.  (Read 1266 times)
Vishnu.Reang
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November 12, 2020, 05:47:07 AM
 #161

This is very difficult for the poor because the world is in the digital age and they will not be able to buy anything due to lack of sufficient funds but in most countries the epidemic is pushing the world towards the digital age. Through the world is improving more if the government provides assistance to these poor people for the developing countries then the world will be more prosperous it will be possible to recover the country's economy soon and all people will overcome the crisis.

All you need is a smartphone, which is available for as little as $50. And even here in India, most of the poor people own smartphones. I will not deny that there are people who can't afford one, but the vast majority do have smartphones in their possession. Technology improvement and digitalization is having a huge positive impact on the lives of poor people.
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November 12, 2020, 09:59:56 AM
 #162

The pandemic did push the world towards a more digital age.
It's a truism that crisis accelerates change. However in this instance we need to make the distinction between "digital because it's better" and "digital because it's necessary".
There is no doubt for example that after the pandemic is over, some degree of remote working will continue. It is more efficient that way, eliminates the daily commute, workers are (generally) happier, bosses will be happier when they can remove the costly overhead of maintaining a large physical office. Win-win.
However some digital changes may well revert back to the old way of doing things once the pandemic is over. Online shopping for example, whilst it will likely remain higher than before the pandemic, will no doubt drop away significantly from the current levels as people will want to get out and back into physical spaces.

This is very difficult for the poor because the world is in the digital age and they will not be able to buy anything due to lack of sufficient funds
The shift to more remote working could well help to level employment opportunities between (as well as within) nations. If you are in London, why pay £10,000 to someone who is remote-working from within the UK, when you could pay £1,000 for the same quality of work to someone who is remote working from a poorer nation?






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November 12, 2020, 11:11:34 AM
 #163

The "push" should be voluntary, and not forced. Some of my friends in India told me about students who committed suicide, because they couldn't afford to purchase smartphones or tablets that are needed to take part in online classes. In developed nations, most of the people will be able to afford these appliances. But that is not the case in the vast majority of the developing nations.

Yes, for many people the digitalization of our lives seems like a disaster.  

And it's not just people from poor countries (they don't have enough money for computers and smartphones).

It is also very difficult for older people to live in a world undergoing such a transformation.  It is also very difficult for young people.  Huge flows of information create a lot of pressure on the psyche.  I recently spoke to a girl.  She told me that her boyfriend is not one person.  This is a multitude of personalities in one body, i.e.  he has many faces (multipersonality). I was shocked.  What is multipersonality?  

We do not notice that the Internet is changing our psyche.  Virtual reality is changing our perception of life.

We are no longer like the people of the 20th century.  We have become different.

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November 12, 2020, 06:08:54 PM
 #164

The "push" should be voluntary, and not forced. Some of my friends in India told me about students who committed suicide, because they couldn't afford to purchase smartphones or tablets that are needed to take part in online classes. In developed nations, most of the people will be able to afford these appliances. But that is not the case in the vast majority of the developing nations.

Yes, for many people the digitalization of our lives seems like a disaster.  

And it's not just people from poor countries (they don't have enough money for computers and smartphones).

It is also very difficult for older people to live in a world undergoing such a transformation.  It is also very difficult for young people.  Huge flows of information create a lot of pressure on the psyche.  I recently spoke to a girl.  She told me that her boyfriend is not one person.  This is a multitude of personalities in one body, i.e.  he has many faces (multipersonality). I was shocked.  What is multipersonality?  

We do not notice that the Internet is changing our psyche.  Virtual reality is changing our perception of life.
We are no longer like the people of the 20th century.  We have become different.

Do you believe that multipersonality? Seem too much for me to absorb.

I think OP just means digital age like we are moving into digital currencies like countries having their CBDC developing their fiat to digital fiat. Teens kill themselves all because they can't afford gizmos and phones seem very pressured to get into the class to show off. There are still undeveloped countries up to this day that some teens never even get to own a phone but they didn't hang themselves. They seem to forget that what is important in this pandemic is to survive until the pandemic is over.





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November 12, 2020, 06:39:02 PM
 #165

The pandemic did push the world towards a more digital age. There has been a change in consumer behavior and buying pattern. Most physical businesses and public businesses have been hit hard because of the strict government rules and regulations on public gatherings. People have been forced to reduce to the nearest minimum the time they spend in public places like shopping malls, supermarkets and also the amount of money they spend on non Essentials goods and services. People are more aware and now adapting to a new way of living (the digital way) one of which is “E-commerce”.
In a study conducted that I stumbled across; https://unctad.org/news/covid-19-has-changed-online-shopping-forever-survey-shows

It clearly shows that Companies and businesses that put E-commerce at the the forefront of their business are ready for the new digital age that is emerging from this pandemic, while those that operate with cryptocurrency in addition to e-commerce will have the ultimate edge over others. No wonder the already existing companies are incorporating bitcoin (cryptocurrency) related services to their already exiting services, for example PayPal. What a great time to be Bitcoin Enthusiast.



Many people get into this digital world after this pandemic. Pandemic created two demand in the market.It make the people to use of digital currency or online mode of payment to avoid of close contact.Beacuse people surf a lot for online job,this bounty work may help them to earn a money.And some people searched a asset to inverse their money.

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November 12, 2020, 07:02:58 PM
 #166

Yes, we should agree with this.  After the states discovered that cash is the carrier of the coronavirus, they began to disinfect it or keep it in storage for a certain time.  After that, taking into account the high cost of issuing and servicing paper money, their wear in just a few years, we came to the unequivocal conclusion that the use of digital currency is much more profitable.  Moreover, digital currency is much faster and more efficient in transactions.  Therefore, this conclusion is quite logical.

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November 12, 2020, 08:51:05 PM
 #167

The digital age already began and this pandemic just causes a little effect. People like to buy their products online even before this Pandemic. Humans now like to spend their time on something valuable that's why they want to buy their daily needs Online. This will increase more in time and that's why are seeing e-commerce site flourishes right now.
The pandemic actually helped modernization because it was essential for survival as we could not meet others and online shopping saw a gigantic growth as everyone was afraid to shop physically in stores and rather preferred to order their products online. We might be troubled so much by the pandemic but the truth is that we moved way ahead of time as now education is being done online, shopping also saw a big growth and actually things like medication also started online as doctors used to see their patients online via video call which is a great sign of economy moving ahead.

I do not know much about other countries but actually our country lacked behind in use of technology and at least corona virus helped everyone learn these technologies and actually more people are now getting online jobs.
While without a doubt there has been a movement forward when it come to the world becoming more digital because of the pandemic, there are some instances in which this is not as positive as it may seem at first sight, and one of those aspects is education, in my country the education is really bad and now that is has moved from schools to the house and become digital I can tell you that it is even worse, I will admit that I did not appreciated the job of the teachers before but now I do and I think that is something that should never become completely digital.

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November 12, 2020, 09:51:17 PM
 #168

The digital age already began and this pandemic just causes a little effect. People like to buy their products online even before this Pandemic. Humans now like to spend their time on something valuable that's why they want to buy their daily needs Online. This will increase more in time and that's why are seeing e-commerce site flourishes right now.
The pandemic actually helped modernization because it was essential for survival as we could not meet others and online shopping saw a gigantic growth as everyone was afraid to shop physically in stores and rather preferred to order their products online. We might be troubled so much by the pandemic but the truth is that we moved way ahead of time as now education is being done online, shopping also saw a big growth and actually things like medication also started online as doctors used to see their patients online via video call which is a great sign of economy moving ahead.

I do not know much about other countries but actually our country lacked behind in use of technology and at least corona virus helped everyone learn these technologies and actually more people are now getting online jobs.
While without a doubt there has been a movement forward when it come to the world becoming more digital because of the pandemic, there are some instances in which this is not as positive as it may seem at first sight, and one of those aspects is education, in my country the education is really bad and now that is has moved from schools to the house and become digital I can tell you that it is even worse, I will admit that I did not appreciated the job of the teachers before but now I do and I think that is something that should never become completely digital.

Don't worry, maybe in few months time, the way how education is handling this situation will get better. I understand that going digital in academe is really hard for most students as well as teachers. But to move forward even with this pandemic, they are trying hard to adopt with the situation. Once the vaccine is commercially available, we will start seeing situations properly handled. There are pros and cons happening during this pandemic, but we need to accept the fact that right now, we can't do anything much in our situation but to follow the safety protocols. Other countries are having added problems like floods, bush fires, etc. on top of the pandemic situation. So be grateful for what you have right now.
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November 12, 2020, 10:34:38 PM
 #169

Yes, we should agree with this.  After the states discovered that cash is the carrier of the coronavirus, they began to disinfect it or keep it in storage for a certain time.  After that, taking into account the high cost of issuing and servicing paper money, their wear in just a few years, we came to the unequivocal conclusion that the use of digital currency is much more profitable.  Moreover, digital currency is much faster and more efficient in transactions.  Therefore, this conclusion is quite logical.

Although we can't just turn all the fiat in digital currencies, we can't just use them either since there are a lot of things to process first. Many countries are still using paper currencies as we can't just turn to digital instantaneously. Even though there are countries that can adapt to that easily, most of them can't.

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November 13, 2020, 07:40:41 PM
 #170

Even buying a computer these days is not that hard. I understand that if you want to buy the latest technology it is very expensive even in the most advanced nations, you could buy a computer for as high as 20 thousand dollars if you want every single detail to be the latest technology however if you want to buy "any" laptop that would work and just allow you to work from your PC, that could be found as low as 100 dollars.

When you have a mobile phone and a laptop and right skill set you could work from home and make good amount of money for your nation, this isn't really an ideal situation if you live in a place like USA but it is definitely doable if you live in India or any other place like that. Obviously getting paid regular salary for a regular career is better right now but online career is nothing bad neither.

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November 17, 2020, 07:25:39 AM
 #171

This pandemic has been an eye-opener to most people that a cashless society is possible and necessary during times of crisis. I have noticed that cashless transactions are more convenient and safer for us to use. We're able to purchase our necessities online which is an advantage. Even education and businesses are switching to the digital age as well. I'm sure that there will still be more improvements in the future and we'll continuously see the importance of a cashless society.

You're correct. Before the pandemic bitcoin was biting the dust and surviving around $9,000.
A bunches of individuals quit taking revenue on it and picked the other platform for contributing.

Anyway, after the event of a pandemic, it pushes the world toward digital cash, The reason was Covid-19 shut numerous business and the financial exchange was one of them, which caused individuals to begin putting their cash on bitcoins and different digital forms of money. by sitting home they did some research and discovered bitcoin better stage for contributing.
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November 17, 2020, 10:37:14 AM
 #172

Although we can't just turn all the fiat in digital currencies, we can't just use them either since there are a lot of things to process first. Many countries are still using paper currencies as we can't just turn to digital instantaneously. Even though there are countries that can adapt to that easily, most of them can't.

All the countries are using paper currencies. There is not a single country out there, which has managed to phase out banknotes and coins. Some of the countries have attempted this (such as Sweden), but they were forced to remove the restrictions due to a number of issues. IMO, we are still two or three decades away from the era of digital currency.
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November 17, 2020, 11:20:10 AM
 #173

It is very clear that the current pandemic greatly affects buying and selling behavior. E-commerce is a big thing because we are forced to carry out almost all activities from home. On the other hand, crypto is also currently experiencing a very positive trend, I only hope that the current conditions might increase crypto's credibility even for ordinary people who were previously not very familiar with crypto.

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November 18, 2020, 04:14:42 AM
 #174

Many countries are still struggle to over the hardship the corona virus has brought into the country economy that is causing so much damages in the country. Many lost their life,job during the pandemic why some are still in isolation center receiving treatment to overcome the virus which came to the country the month of March that destroy so many businesses which is still harding the government to get the vaccine, to end the virus in the country.
During the pandemic many currencies devalue that make some country economy collapsed, that is making government to demand for more fiat money to be print so that they can tackle the economy before the end of the year. Bitcoin which is one of the digital currency, prove to other currency by maintaining it value through out the pandemic, that is making other cryptocurrencies users, how powerful bitcoin is among other currencies in the world. 

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November 18, 2020, 04:52:35 AM
 #175

half of my expenses now happening inside E commerce since the pandemic spreads most of our foods has been delivered via online services.

Same as those other things that need to buy we uses digital payments though it is not crypto because the acceptance in my country is not that wide.

maybe this has no Big effect in crypto for now as we are still young compared to other digital payments but i believe that this is one good start for Cryptocurrency to at last discovered by the world and not looking as scam but as legit and beneficial .

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November 18, 2020, 05:36:36 PM
 #176

half of my expenses now happening inside E commerce since the pandemic spreads most of our foods has been delivered via online services.

Same as those other things that need to buy we uses digital payments though it is not crypto because the acceptance in my country is not that wide.

maybe this has no Big effect in crypto for now as we are still young compared to other digital payments but i believe that this is one good start for Cryptocurrency to at last discovered by the world and not looking as scam but as legit and beneficial .

In fact the impact of the pandemic on Bitcoin itself is quite large, within a few months during this pandemic Bitcoin has reached its highest level of up to 20,000 USD.  There have been many people who believe that bitcoin is a stable asset as long as Covid even has promising potential.  Indeed, not all countries have legalized it, but the pandemic itself has blessed bitcoin.
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November 18, 2020, 07:54:45 PM
 #177

half of my expenses now happening inside E commerce since the pandemic spreads most of our foods has been delivered via online services.

Same as those other things that need to buy we uses digital payments though it is not crypto because the acceptance in my country is not that wide.

maybe this has no Big effect in crypto for now as we are still young compared to other digital payments but i believe that this is one good start for Cryptocurrency to at last discovered by the world and not looking as scam but as legit and beneficial .

In fact the impact of the pandemic on Bitcoin itself is quite large, within a few months during this pandemic Bitcoin has reached its highest level of up to 20,000 USD.  There have been many people who believe that bitcoin is a stable asset as long as Covid even has promising potential.  Indeed, not all countries have legalized it, but the pandemic itself has blessed bitcoin.

I'm not sure what to think about this. I mean, the pandemic has likely increased the speed of the 'gig' economy (yech!) in that 'everyone' could be or will be a 'contractor'

and thus not eligible for benefits and job security etc, etc. I'm getting damn tired of the folks working getting the 'be a rugged capitalist' and suck it up...like it is NOT

weird that under the supposed benefits of capitalism..you work 40 hours a week and can't own a house or improve your lot in life within 1 generation anymore. But then

I'm confused about full-time work not being fair as in my youth. (I'm 65 years old).

So to me, a 'gig' economy is likely after the pandemic and indeed will speed up to such...in that everyone is a contractor and can be fired at any time and also

has to pay own health/401k etc....add to that the innovation they are saying from the pandemic of MORE people than they expected can work at home now...

maybe up to 1/3 of white color jobs it seems. Let's not forget about robotics and self-driving cars..and all the jobs lost for middle-aged folk in fields like retail

and driving trucks etc, that will be 'informed' suck it up buttercup..and go back to school or work jobs now at 1/3 your previous pay in your 40s to 60s.

So again, tired of Corporate Socialism and no taxes paid and games vs rugged capitalism of the individual..the pandemic is going to really, really supercharge

all the above at the same time, I'm afraid....it will be an epic clusterf**k, IMHO...and an economic black swan event indeed.

Those in power with money, tend to keep and accumulate more power and money as time goes on unless 1) ethics business step in (private sector) not seen that lately

or gov't regulates..not seeing a lot of bankers go to jail either...going to be a combo of issues due to the pandemic and that means, IMHO all the above will get

accelerated indeed. Sad

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November 18, 2020, 08:51:04 PM
 #178

half of my expenses now happening inside E commerce since the pandemic spreads most of our foods has been delivered via online services.

Same as those other things that need to buy we uses digital payments though it is not crypto because the acceptance in my country is not that wide.

maybe this has no Big effect in crypto for now as we are still young compared to other digital payments but i believe that this is one good start for Cryptocurrency to at last discovered by the world and not looking as scam but as legit and beneficial .
Yes, the online transaction and payment through digital payments have increased a lot due to the pandemic that has been prevailing around. During this time people have lost their jobs, and salary cut which made more people to look for an earning opportunity. This way people have got into cryptocurrency trading. One way or other cryptocurrency usage have increased.

As said compared to the available digital payments service the cryptocurrency market is very young. What we see with the cryptocurrency market can be a start for the new form of more digital age.

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November 18, 2020, 09:35:02 PM
 #179

While without a doubt there has been a movement forward when it come to the world becoming more digital because of the pandemic, there are some instances in which this is not as positive as it may seem at first sight, and one of those aspects is education, in my country the education is really bad and now that is has moved from schools to the house and become digital I can tell you that it is even worse, I will admit that I did not appreciated the job of the teachers before but now I do and I think that is something that should never become completely digital.

Don't worry, maybe in few months time, the way how education is handling this situation will get better. I understand that going digital in academe is really hard for most students as well as teachers. But to move forward even with this pandemic, they are trying hard to adopt with the situation. Once the vaccine is commercially available, we will start seeing situations properly handled. There are pros and cons happening during this pandemic, but we need to accept the fact that right now, we can't do anything much in our situation but to follow the safety protocols. Other countries are having added problems like floods, bush fires, etc. on top of the pandemic situation. So be grateful for what you have right now.
I really hope that is the case, because the damage that the pandemic is doing not only should we measured in terms of the people that died and the monetary costs we have incurred because of the pandemic, we need to also consider the costs we had incurred in terms of the potential we are losing, because kids and adolescents are not receiving proper education, I have no doubt that some very talented individuals will be able to learn regardless of the circumstances they find themselves to be in but many people need the environment of the school in order to learn properly and that is something that they do not have right now.

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November 18, 2020, 10:50:19 PM
 #180

half of my expenses now happening inside E commerce since the pandemic spreads most of our foods has been delivered via online services.
The pandemic has changed many things especially the way we purchase goods and E Commerce came out victorious in this situation and many of the owners made billions while the rest of the physical store owners had a hard time making ends meet.

maybe this has no Big effect in crypto for now as we are still young compared to other digital payments but i believe that this is one good start for Cryptocurrency to at last discovered by the world and not looking as scam but as legit and beneficial
No one will have a debate about the legitimacy of bitcoin, you might have heard some having their doubts and you can just ignore them as they have no idea what they are talking about to begin with.
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