Another corona virus panic thread...

The mortality rate of this virus is between 1 and 2% which is still very low. The mortality rate of Ebola is 90% and this virus is still active. I remember reading about new cases in early 2020, before this corona panic fueled by the media.
Nobody is going to care about transmission through money or sneezing since many people can be carriers without ever developing symptoms. Read about it, that's the truth. How are you going to protect yourself from people who look fine but are carrying and spreading the virus without even knowing it?

In China, payment platforms are being used frequently since it's very essential than bringing the whole bag of money when buying goods. In some malls here in Philippines that adapted that method, most of the stalls accept PayPal, Wechat Pay, Alipay, and Gcash.

So imagine, if those payment methods were replaced by Bitcoin, then it's more necessary since most of the people now are aware that cryptocurrency is more reliable to make a profit.

You cannot simply replace it, if you cannot find a reason for people to swap to it. I think from previous discussions on this topic, a lot of people agree that Bitcoin are a better store of value than most of these Fiat based centralized payment options. People will only understand why centralized payment options are bad, if you explain it to them. <How many of you are highlighting the dangers of centralized payment systems??

Also, Bitcoin will have to compete with the speed of these other payment options and I can tell you from experience that most of these other payment options are a lot faster than Bitcoin. We will have to switch them to the Lightning Network payment options and then these people will have to run a Lightning network hub.  

Bitcoin payment will also require the merchants to use a QR code for the Bitcoin payments to make payments faster.. like they use with Wechat Pay.  

My solution to this virus problem should be targeted to people who are not using these other payment options or some of them who wants a currency that can actually store the value of their wealth or even increasing it.  

There is a misunderstanding OP, Corona virus can easily transmitted from persons through other more ways, so it does not mean that Bitcoin or  crypto payment in general can save people from this virus. Furthermore, it is certain that online payment through btc is more better than physical cash due to we are living in the era of technology. In fact, the crypto payment will probably achieve and widespread when the global recognization of Btc occurs as a legal currency. It may happen after many years I would guess but not in the near future.

Actually you are having a biased opinion here. Both fiat and bitcoin can be the cause of lives but to what extent cannot be verified yet. People lose money become sick but let's keep it to just money and not specific modes of payments because no such research has been done yet to examine the effects bitcoin has or fiat does not and also vice versa.

A certain virus being incriminated to be a cause of death mediated by fiat, is too much a paid variety of news to upstroke bitcoin which is not fair in terms of fiat's side too. You have to understand both sides of the story.

I agree most specially right now where virus outbreak is very evident among many countries in the world. With the use of cryptocurrency, we can have less contact toward each other every time we make a payment which will eventually lead to the prevention of much spreading of virus. Imagine how many lives can be saved, even a country actually. We need to consider such back up plans in order for us to survive this world which is full of chaos for the past few months. We can also improve the economy of some countries while curing Corona virus.

Yes, acceptance is the problem for bitcoin but in the current era the use of digital currencies has become part of the lifestyle of most people, because in this era any transaction can be done with digital or electronic payments, so I'm not sure if there are still many people in the world who don't know how to use this kind of thing.

Why is that? China is one of the most powerful country to date. What they are doing is natural action towards an active disease. OPs idea is great but somehow government will likely to halt such process where chances of being affected still on. Even though the physical touches would be gone. Indeed there will be always a point to consider.


One of the potential reason. We cant assume all can use or manage this level onf tech or inteligence on Chinese premises. Not all can easily use digital as if all of them have the chance to experience. Isnt it? So chances are atill off.

It can spread through any stuff if it has contact with an infected person. To keep safe from this scenario, it is better not to use anything coming from them.

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It was said that it could also a big help to use online transaction or any cashless mode of transactions can be right but I don't think that crypto gives some shot to them knowing that China is against crypto. I know we'd love to give some donation for them but somehow may our help could be just rejected in a way that China is not looking for any help (in my opinion). They have a lot of money to fund and medical facilities to cater to their people, may the best help we could do for them is a prayer and not letting this virus could spread to the other country.

Yeah, it's true! The current infection tend us to use crypto or any form of electronic payment for doing transactions. But then again, until when? That's the sad reality mate, what if that reason gone, I mean the epidemic to be more specific? Of course people still go back to fiat because it was already set on their mind that it was their preference. I don't want to become the pessimistic here but I think we will never achieved crypto revolution as long as there is one who is against or at least not willing to use it .