Apple, Amazon and the collapse of all Banks

Ozero

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Quote from: Karartma1 on March 31, 2021, 07:33:09 AM

It's too simplistic to believe that banks are going to collapse anytime soon, that's not the case. They're adapting and implementing bitcoin within their old legacy system: they basically tapped into our world and now they're leveraging it to streamline their revenue models. Don't you see it?
I agree that, those that will not adapt, will eventually fade away and collapse.

Banks don't even need to adapt too much. The banking system is under the protection of states and therefore states will regulate social relations in such a way that banks will exist as long as the states themselves exist.
If it is profitable for banks to use cryptocurrency, they will do so.

aysg76

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Quote from: remotemass on March 30, 2021, 12:57:58 PM

1) Apple will fall in love with bitcoin.

2) Amazon will fall in love with Apple

3) All banks will collapse

With major corporations accepting Bitcoin like Tesla, Microsoft,Paypal and market cap crossing $1 trillion in period of 12 years many others aslo want to adapt with the change and accept decentralise finance "Bitcoin".But we need to understand one thing that fiat cannot be easily replaced with digital cryptos because it's the legal tender money and used for intra day purchase of all the items and easily tradable.Centeral banks are aslo realising the need to built their CBDC to provide online services to users unlike NetBanking which can prove another boost to banking system.This debate is never ending and we can't say who will stay forever because change is key to success.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: Lorence.xD on March 31, 2021, 01:55:08 AM

Quote from: Reatim on March 31, 2021, 12:54:43 AM

Quote from: Lorence.xD on March 31, 2021, 12:03:45 AM

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Banks will be in used for Even 10 years or more from now, Not until the Virtual Money/transaction will be sucked by the world(Meaning Every countries in the world) I think bank will remain at its post . Amazon and Apple don't represent the whole world economy , They might be Bigger but there are tons and Millions of other companies out there that's not know or investing in Bitcoin So the chance of banks Collapsing is nearky ZERO.

It's not just that, we also have to consider that banks have been around for around hundreds of years and that kind of root is definitely not something that can easily be replaced by a revolutionary technology that is only a decade old, maybe another decade or half century will be enough but who knows what will happen in the future, I don't really advocate to the collapse of banks because they are backed by the government and I believe that coexistence is going to be the best for both parties.

Not unless the Virtual currencies will be considered and accepted by not only some countries but the whole world mate.

After that situation then surely banks will change line and the world will depend in virtually currencies transactions and Banking system will slowly fade away and maybe Gone forever at sooner.

But well this is not happening any time soon I'm sure.

This is what we have grown up and maybe our children will do the same.

Argoo

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It is safe to say that nothing will happen to the current banking system. The banking system is part of the state and will always be under its protection. Banks will only use cryptocurrency if it is beneficial to them. However, cryptocurrency has no chance of replacing paper money. So nothing much will change.
States have not yet finally decided how to relate to cryptocurrency and this must be taken into account when working with cryptocurrency.

remotemass

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In the meantime maybe Twitter will marry NFTs.

Bilgent

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I don't know if all banks really collapse in the future after digital currencies take fiat money's place. But I would really like to see Amazon and Apple also falling in love with Bitcoin. Grin

And who knows, we may see it happening in time as big companies are investing into it one by one.

milani

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Quote from: remotemass on March 30, 2021, 12:57:58 PM

1) Apple will fall in love with bitcoin.

2) Amazon will fall in love with Apple

3) All banks will collapse

😁😁 What an interesting endless triangle. May be Tesla is missed here?)) It might be even more funny)) Jokes are jokes. But if seriously something tells me that collapse of lots of banks will not be allowed by lots of bankers and governments. Because owners of banks are too serious figures in the business and financial world, they would not be happy to loose their income))

concept2

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Quote from: remotemass on March 30, 2021, 12:57:58 PM

3) All banks will collapse

This is just a hypothetical. Do not try to disprove all the beneficial advance they have brought to the world, especially in the past. Centralization was needed in order to organize the world to become holistic. The global finance we have to day are formed substantially by banks and government.

Cryptocurrency surely rises and has a big spot on the world stage. It seems that no authority has the power to shut the whole system down when it is too monstrous like this. Moreover, cash has less power than it used to be because people realize the natural element: the unstoppable inflation. But it is hard for crypto to intimately replace the prevalent structure at the moment because it still maintains the finance so far so good. In my opinion, both of them will concur and live together in order to back up each other.

In the next hundreds years later, everything will become fully digital and when that days come, maybe everyone will agree to shift totally from traditional to digital

Sterbens

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Duelbits.com

it won't take long, we believe that there will be a time when Apple and Amazon will have to adopt bitcoin to survive in a world of ever-increasing technological growth and industrial economies. bitcoin can trigger Apple and Amazon to continue to exist. if not, then both of them will experience a shift in place by several local products but have already adopted bitcoin.

like it or not, we have to make a decision immediately. for sure bitcoin will provide a bright path for Apple and Amazon in the future.

DarkDays

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Quote from: Stedsm on March 30, 2021, 01:55:37 PM

Again an "unofficial debate" over Bitcoins vs Banks.
Bitcoins are an asset and whatsoever happens with its price, it will be driven just with the use of fiat and not other crypto. This means that fiat and crypto will need to go hand-in-hand in order to remain successful because crypto is an asset class and not currencies, so I believe we should rename the cryptocurrencies 2.0 as cryptoassets because currencies are such traditional fiat ones, that are being crushed badly by crypto but in the end, we still need fiat be it physical or digitalized, in order to evaluate crypto in a much better way. Banks will collapse? I believe it's the Bank that is printing enough money to be given as a stimulus to US citizens and actually "encouraging" them to invest in crypto.

Without fiat atm you wouldn't have people investing into crypto - that much I agree on, but it still, at least for me, doesn't detract from the fact that fiat atm is inefficient and corrupt. This is why something better needs to come along, something that unifies the two finance worlds, and something that can't easily be manipulated. This could be a crypto in making but what's obvious is that there's a traction, though as small as it may be comparatively, to move away from fiat because of these issue...

DatKing

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Quote from: remotemass on March 30, 2021, 12:57:58 PM

1) Apple will fall in love with bitcoin.

2) Amazon will fall in love with Apple

3) All banks will collapse

I'd really love to see Apple and Amazon making a statement like they will also make a big investment into Bitcoin as Tesla did. I'm sure that the price will be affected greatly by that news.

When it comes to banks' collapsing, it is really hard to predict whether they will manage to survive in the future. It is up to governments also. They are going to make centralized digital currencies and then banks can continue to survive as long as they integrate them to their system also. Because fiat will most probably be out of use after digital currencies start being used.

(o)(o)ilikeboobs(o)(o)

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The banks are on the same side as the government and they will find ways not to collapse. Look at Goldman Sach launching a service offering Bitcoin to their customers or Paypal offering cryptocurrency payments, they are looking for ways to add cryptocurrency to their services. That will help their business coexist with Bitcoin and cryptocurrencies. They have tried to drown cryptocurrencies in the past but now they have changed their choices.

matan

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Quote from: remotemass on March 30, 2021, 12:57:58 PM

1) Apple will fall in love with bitcoin.

2) Amazon will fall in love with Apple

3) All banks will collapse

But you do realize that it's not really that simple, right?

Karartma1

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It's too simplistic to believe that banks are going to collapse anytime soon, that's not the case. They're adapting and implementing bitcoin within their old legacy system: they basically tapped into our world and now they're leveraging it to streamline their revenue models. Don't you see it?
I agree that, those that will not adapt, will eventually fade away and collapse.

oHnK

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Quote from: remotemass on March 31, 2021, 01:38:51 AM

Quote from: davis196 on March 31, 2021, 12:40:14 AM

I guess that you are just trolling.Am I right? Grin

Yes, just felt like doing an irresistible post for people to discuss and have some fun trolling a bit. Never feed a troll 0|-)

If you are creating this thread just for fun, maybe your fun is a visionary thing. If Amazon and Apple fell in love with Bitcoin it could be as you say. Unfortunately, I don't know when that happened. If all of the world's large corporate companies transactions via Bitcoin and crypto. Do we still need a bank? I don't think it's necessary anymore. We just have to have fun with what we have without any intervention from the government whose work is only in debt and spends it on consumptive matters and burdens the country with its bills.

yohananaomi

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Lorence.xD on March 31, 2021, 12:03:45 AM

Yeah I don't think so too because the more I know how deep the roots the banks have on the world economy, the more I think that the possibility of them collapsing is going to get more unreal, I mean if banks were to collapse bitcoin has to fill in all the gaps that is going to get left behind by that collapse and I know for a fact that the gap is going to be big.

I also do not believe as you said that the bank will collapse, because so far the needs of the small and large people still require the existence of banking. because everyone has been used to doing things all this time and it is impossible to replace them because of something that happened.

things that are impossible will happen even to think about it doesn't exist, because after all, let everything run on an existing system and it is needed to support each other for improvement not to replace.

isaac_clarke22

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Quote from: Charles-Tim on March 30, 2021, 01:04:58 PM

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This, but I don't think their ways would do anything if in nature is that Bitcoin is decentralized.
I imagine they'll implement banning through every ISP to block each trading sites or any crypto-related platforms but people still have the freewill to distribute VPNs.

Lorence.xD

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Quote from: Reatim on March 31, 2021, 12:54:43 AM

Quote from: Lorence.xD on March 31, 2021, 12:03:45 AM

~

Banks will be in used for Even 10 years or more from now, Not until the Virtual Money/transaction will be sucked by the world(Meaning Every countries in the world) I think bank will remain at its post . Amazon and Apple don't represent the whole world economy , They might be Bigger but there are tons and Millions of other companies out there that's not know or investing in Bitcoin So the chance of banks Collapsing is nearky ZERO.

It's not just that, we also have to consider that banks have been around for around hundreds of years and that kind of root is definitely not something that can easily be replaced by a revolutionary technology that is only a decade old, maybe another decade or half century will be enough but who knows what will happen in the future, I don't really advocate to the collapse of banks because they are backed by the government and I believe that coexistence is going to be the best for both parties.

remotemass

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Quote from: davis196 on March 31, 2021, 12:40:14 AM

I guess that you are just trolling.Am I right? Grin

Yes, just felt like doing an irresistible post for people to discuss and have some fun trolling a bit. Never feed a troll 0|-)

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: Lorence.xD on March 31, 2021, 12:03:45 AM

Quote from: ?? on ??

I don't think the bank will collapse totally as you said, the government own the bank and can easily print money to support it existence since the central bank control government finance's. But again Fiat will lose value to bitcoin and other digital currencies.

Yeah I don't think so too because the more I know how deep the roots the banks have on the world economy, the more I think that the possibility of them collapsing is going to get more unreal, I mean if banks were to collapse bitcoin has to fill in all the gaps that is going to get left behind by that collapse and I know for a fact that the gap is going to be big.

Banks will be in used for Even 10 years or more from now, Not until the Virtual Money/transaction will be sucked by the world(Meaning Every countries in the world) I think bank will remain at its post . Amazon and Apple don't represent the whole world economy , They might be Bigger but there are tons and Millions of other companies out there that's not know or investing in Bitcoin So the chance of banks Collapsing is nearky ZERO.

Topic: Apple, Amazon and the collapse of all Banks (Read 423 times)