Everybody talking about economy reopen but problem

[Swopon]

Everybody is taking about economy and it is not fully opened due to the covid-19. In some countries, people can't stay till now because of their current conditions of economy. In my country, people are now working freely without any fear of virus because of their livelihood. Now the vaccine is discovered and people are taking it with fear and many people still dieing due to that virus affect.

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[shoreno]

easy for you to say to put money in btc and eth but where are they going to get the money when there was no income due to the closure ? and just because you invest in eth and btc your now commanding them to do the same ? for what ,  for you to earn a profit ? .

 lets not act that we are concerned but let them to recover first and they can decide for themselves if they also want to put money in btc and eth like you do .

[crzy]

Vaccine are here already, even if its not that 100% many are still confident about it because people have to find their hope and we can’t afford to close the economy while there’s still a virus, no countries can. Re-opening the economy is fine, we have to continue living and continue fighting, we’re very near to cure this pandemic

[CarnagexD]

It takes two to Tango, this is true as well in the case of contingency tactics amidst the COVID-19 pandemic which most governments have been implementing tirelessly. Unfortunately, if the people orthe government fall short in their responsibility on ensuring they follow protocols, that's where the problem starts. Disobedience in the end of the public and lack of self-awareness and sense of urgency in the government's part causes these probkems to persist. Take the UK for example.

Vaccine are here already, even if its not that 100% many are still confident about it because people have to find their hope and we can’t afford to close the economy while there’s still a virus, no countries can. Re-opening the economy is fine, we have to continue living and continue fighting, we’re very near to cure this pandemic

Vaccijes couldn't have been needed anyway if not for countries literally depending on it even though it wasn't even made in the first place. Take New Zealand for example, the country is already COVID free even without the aid of a vaccine, so Vaccines aren't the only solution to the problem.

[coolcoinz]

There's no problem with reopening the economy. Governments should stop hiding behind covid because more and more people see that it's become the answer to everything, a scapegoat.
Don't have money -because it's covid.
High unemployment -covid
Money printing and inflation -covid
Can't open businesses?  -covid
Can't travel? -covid

Soon when a politician gets a pimple on his nose it's going to be because of covid.

We need also to do this becouse i hodle btc and eth.

Just a little selfish, no biggie, right?

[samputin]

If we open like this its economic problem
Solution is to transfer 60% world money and capital in btc and eth  so by march i hope btc price 500k eth 50 at least This is needed to save economy to prevent the high inflation we need to put most of the wealth on eth and btc
We need also to do this becouse i hodle btc and eth.

Banks govermemts need to put alot money in btc and eth
This way there is not so much money so no inflation


Genius just genius

I think it's not the solution in this kind of situation(pandemic). Even without the btc, the economy will fall or increase. I think if they transfer the 60% of world money our economy will fall because our money will not grow if they in cryptocurrency. The economy will not move unless the pandemic will stop.

We are lucky (cryptocurrency user) because we earn money through trading of investment money of some businessman. But the truth, the people not involve in cryptocurrency need the movement of our economy to survive.

[OpenCryptoSystem]

If we open like this its economic problem
Solution is to transfer 60% world money and capital in btc and eth  so by march i hope btc price 500k eth 50 at least This is needed to save economy to prevent the high inflation we need to put most of the wealth on eth and btc
We need also to do this becouse i hodle btc and eth.

Banks govermemts need to put alot money in btc and eth
This way there is not so much money so no inflation


Genius just genius

Can you entice the government to do that? Remember that government is allergic in a decentralized digital currency. How could they risk the government funds and put or invest in bitcoin? It's very impossible! Government has it's on way on how to save the economy.

The goverment officials can hodle btc also

[shield132]

For me, Banks will never do it. They are afraid to lose their customers, they will start to lose income too. Bitcoin is the number 1 threat for the banks.
Bitcoin aims to solve the problem in traditional banking.
Economy will get back to track in a normal way, people will start to learn and realize how suck the current economy and that's the time they will start to introduce in Bitcoin.

What is a threat for banks? Look, some exchanges are backed by banks, almost every exchange asks for KYC in order to trade, their "Bitcoin cards" are backed by Visa / Mastercard, is bitcoin still a threat for banks? I think at first it was but right now, this threat is absorbed and destructed.

OP, first of all, 60% of the population doesn't know anything about bitcoin, even if people know, it can't handle that many transactions from so many people. And where are governments going to convert budget into bitcoins? On Binance or on Coinbase?

Converting money in bitcoin can't increase the value and quantity of money. If you want like that, then calculate everything in cents instead of dollar bills.

[Yatsan]

Convincing various government around the world to deposit their economic funds into Bitcoin is already a hard thing to do so it is just very impossible for that idea to be imposed for the fact that there are many alternative ways possible on bouncing back the economy and that is not just by pretty relying on the capability and opportunity that can be offered by Bitcoin. Also, seems the reasoning is not that convincing enough for the idea to be imposed and even be accepted by various government of the world so at the first place, the possibility becomes already closed to impossible. Also hope will not be an ensuring and convincing part to transfer out funds towards Bitcoin all just by hope better be sure before they will do such thing.

[AndySt]

Convincing various government around the world to deposit their economic funds into Bitcoin is already a hard thing to do so it is just very impossible for that idea to be imposed for the fact that there are many alternative ways possible on bouncing back the economy and that is not just by pretty relying on the capability and opportunity that can be offered by Bitcoin. Also, seems the reasoning is not that convincing enough for the idea to be imposed and even be accepted by various government of the world so at the first place, the possibility becomes already closed to impossible. Also hope will not be an ensuring and convincing part to transfer out funds towards Bitcoin all just by hope better be sure before they will do such thing.

The point is not that you need to try to convince someone in the governments of countries, but that the investment of governments in bitcoin is impossible in principle due to the lack of a regulatory framework on this issue, and the governments of countries have much more pressing issues in connection with the pandemic. The integration of bitcoin into the economy will be promoted exclusively by private entities in the foreseeable future, and the role of the state will be limited to regulatory functions.

[SirLancelot]

If we open like this its economic problem
Solution is to transfer 60% world money and capital in btc and eth  so by march i hope btc price 500k eth 50 at least This is needed to save economy to prevent the high inflation we need to put most of the wealth on eth and btc
We need also to do this becouse i hodle btc and eth.

Banks govermemts need to put alot money in btc and eth
This way there is not so much money so no inflation

I don’t think this going to make any difference, or will it? And I also don’t think it is possible. Where are they going to be buying all these bitcoins, from exchanges? Then the fiat still goes to the exchange that will then store them in the banks. That fiat money is still there. If they want to fix fiat and stop the inflation there are better ways that they can do it, but the problem is that they are not ready for it.

The government is corrupt and the way you’re worrying about inflation, there are people who don’t worry about it, they just don’t care and they will even want it to happen because in one or the other they are benefiting from it. And moreover, you just pointed that you want the government to do this because you’re holding BTC and ETH, which shows that you also don’t care that much, you’re just after your own pocket.

[OpenCryptoSystem]

If we open like this its economic problem
Solution is to transfer 60% world money and capital in btc and eth  so by march i hope btc price 500k eth 50 at least This is needed to save economy to prevent the high inflation we need to put most of the wealth on eth and btc
We need also to do this becouse i hodle btc and eth.

Banks govermemts need to put alot money in btc and eth
This way there is not so much money so no inflation

I don’t think this going to make any difference, or will it? And I also don’t think it is possible. Where are they going to be buying all these bitcoins, from exchanges? Then the fiat still goes to the exchange that will then store them in the banks. That fiat money is still there. If they want to fix fiat and stop the inflation there are better ways that they can do it, but the problem is that they are not ready for it.

The government is corrupt and the way you’re worrying about inflation, there are people who don’t worry about it, they just don’t care and they will even want it to happen because in one or the other they are benefiting from it. And moreover, you just pointed that you want the government to do this because you’re holding BTC and ETH, which shows that you also don’t care that much, you’re just after your own pocket.

Yes im here for my own pockets

[Argoo]

If we open like this its economic problem
Solution is to transfer 60% world money and capital in btc and eth  so by march i hope btc price 500k eth 50 at least This is needed to save economy to prevent the high inflation we need to put most of the wealth on eth and btc
We need also to do this becouse i hodle btc and eth.

Banks govermemts need to put alot money in btc and eth
This way there is not so much money so no inflation


Genius just genius

It is unlikely that such a proposal is feasible in practice. Governments will never invest their money in a decentralized cryptocurrency. They have a completely different vision of taking the necessary measures to improve the economy and are not related to cryptocurrency. Moreover, they will not use the cryptocurrency after the states have the opportunity to issue their digitalized central bank currencies.

[romero121]

Already governments were against the cryptocurrency usage, other than few exceptions. Governments at any point won't get into such an activity. Already the governments were under debt. In my country the government is paying 20% of income as interest for debt. In such a situation how come a government buy large volume of bitcoin and ethereum. Printing of currency once again lead to higher inflation.

Let us assume a government have bought large volume of bitcoin with currencies. Now the market of bitcoin and ethereum have dropped low, what should the government do further to keep up its economy boom.