its not like it once was where if you wanted to be in a band and record that you had to go to a studio, home recording is at an all time level of ease to get ideas together and see if you can mesh with other people's styles.
If you can find some band members who can telecommunicate, that's awesome. There are probably a lot more musicians out there who can these days too. It's a whole new set of logistical problems, but even if the real life meetups don't workout for whatever reason, you still at least have some tangible groundwork ready for when it can workout.
It's probably a little less exciting, not having that in person/in studio magic, and not being able to gig or practice without a lot of organization, but probably a hell of a lot more productive and focused. Maybe a little less instant gratification, but a lot more long term satisfaction. And imagine how cool it would feel to finally get together after such a long time.
Online banding is something I've always wanted to do. Maybe we should just start one with everyone in this thread? It would make a great origin story later.