Post
Topic
Board Economics
Re: Pandemic Coronvirus Impact On Global economy
by
nasipadang
on 30/08/2020, 19:36:48 UTC
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. Cool
I know what you mean about opening the door to a decentral economy where you refer to the use of cryptocurrency. but in a broader sense, a decentral economy or a centrally planned economy is an economic system that combines elements of a market economy. So some regions that implement a decentral economy also experience bad impacts, but decentral finance like crypto has the opposite impact because the economic system, both central and decentral, which basically uses fiat collapses. I think that's why currencies like bitcoin and altcoin have increased because people even switched and used crypto as a means of storing value for money.