Corona virus induced lockdown: a case for decentralized money

As Covid-19 infections surpassed three million towards the end of April 2020 after having started the month with just under a million. It seems the situation is getting worse and the promised flattening of the curve is taking longer while there has been no real breakthrough on the vaccine front just yet.

Indications are that more will succumb as governments across the world now seem overwhelmed with not only the direct effects of the virus but the economic implications as well.

As if that is not enough, it is also emerging that governments need to bolster their security preparedness as the possibility of riots and chaos grow.

Growing reports of chaos

To illustrate, in March 2020, it was reported that the governor of the US state of California had asked the country’s National Guard (army reservists) to help with food distribution and policing. Apparently, some residents of the state were not taking the call to stay home seriously. In the UK, video footage of what appears to be criminal gangs looting of stores made headlines.

In South Africa, the social media was awash with images and footage of soldiers beating people that defied the order to stay at home.

Clearly the picture is a gloomy one and as prospects of finding a vaccine quickly still appear dim, the future is even bleaker it seems.

However, it should not be all doom and gloom. There is still a chance that something positive will emerge from this.

The famous Greek Philosopher,