Apple, Amazon and the collapse of all Banks

Ozero

full member

Activity: 2142

Merit: 183

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

legendary

Activity: 1974

Merit: 2124

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

sr. member

Activity: 2828

Merit: 357

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

~

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

sr. member

Activity: 2352

Merit: 245

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

legendary

Activity: 1122

Merit: 1017

ASMR El Salvador

In the meantime maybe Twitter will marry NFTs.

Bilgent

member

Activity: 518

Merit: 13

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

sr. member

Activity: 1092

Merit: 254

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

sr. member

Activity: 750

Merit: 258

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

sr. member

Activity: 1848

Merit: 341

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

legendary

Activity: 2030

Merit: 1189

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

member

Activity: 1022

Merit: 10

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)

full member

Activity: 826

Merit: 105

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

member

Activity: 99

Merit: 10

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

legendary

Activity: 2310

Merit: 1422

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

hero member

Activity: 1414

Merit: 574

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

sr. member

Activity: 2422

Merit: 267

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

sr. member

Activity: 1610

Merit: 264

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

~

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

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

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

legendary

Activity: 1122

Merit: 1017

ASMR El Salvador

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

sr. member

Activity: 2828

Merit: 357

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.

Poker Player

legendary

Activity: 1372

Merit: 2017

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

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

Do you think that all the banks rely on Apple and Amazon in order to survive?
I think that all the banks(at least in the USA) rely on the Federal Reserve System,so when the Federal Reserve stops the money printing,negative interest rates and quantitative easing,all the US banks will eventually collapse.Apple and Amazon have nothing to do with this.
I guess that you are just trolling.Am I right? Grin

I wouldn't call that trolling. He's just said what he thinks without backing it with actual evidence.

But the key is not central banks and the Federal Reserve, the key is that Google and Apple are going to offer banking services that will compete with the banks. Today, with cell phones, you don't need banks. That's apart from Bitcoin.

The banking business as we know it is dead.

davis196

hero member

Activity: 3164

Merit: 937

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

Do you think that all the banks rely on Apple and Amazon in order to survive?
I think that all the banks(at least in the USA) rely on the Federal Reserve System,so when the Federal Reserve stops the money printing,negative interest rates and quantitative easing,all the US banks will eventually collapse.Apple and Amazon have nothing to do with this.
I guess that you are just trolling.Am I right? Grin

famososMuertos

legendary

Activity: 1918

Merit: 3047

LE ☮︎ Halving es la purga

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

...//...:

It seems hard to believe but banks would collapse for the effect the small users in massive withdrawals, who in that sense will cause the true adoption, the institutional ones on the other hand today have a great influence on the price who in turn in this effect drive away ordinary citizens to acquire bitcoin, in short, there is an effect there that makes banks not collapse, for now.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

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.

peter0425

sr. member

Activity: 2618

Merit: 439

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 don't see anything than can cause collapse of banks this soon, Specially now that Biden is strongly pronounced about the strengthening of Dollars meaning this will Involves banking system.

But lets see if this comes in our favor.

777Jolami

member

Activity: 700

Merit: 14

Quote from: ?? on ??

Apple Wallet already thinking of converting to crypto, a matter of time

Perhaps this will happen sooner. They are definitely taking it seriously. When the units with great reputation in the world have started to include bitcoin and crypto as payment methods such as Visa (USDC), paypal (BTC, ETH, LTC, BCH), Tesla and there will be many more. Bitcoin is gaining popularity and gradually changing habits to become a global payment method.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Hey, I'm just waiting for 1 to happen now. As for 2, well I'm not really one to concern myself with the fight between these two companies so that's that.

As for banks though, it's a system that has helped us manage and organize stuff in the beginning, but it well killed itself over the past few decades, and slowly at that. The ones in control should have seen that, and it seemed like it was only noticed when it was too late. Add that to how people have taken for granted the system we have now, which is why some people have narrow vision in terms of what to do in the future.

Innerpumper

member

Activity: 1021

Merit: 12

The financial industry began to turn to cryptocurrency. I'm sure banks will decline even if it won't bankrupt them especially if brands also use bitcoin as their best friend won't collapse.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

So you are saying that Jeff Bezos will fall in love with Tim Cook? Lol

Anyways, kidding aside. To achieve the $100k this year in BTC, it should be a significant company to gain even more crypto adopters. Once the leaders of these powerful companies provide and show that their company is interested in applying crypto as another fund type or something, then I think banks will decrease in power, but they are definitely going to be desperate.

pooya87

legendary

Activity: 3472

Merit: 10611

As long as the centralized government exists and is printing money it will bail the corrupt banks out and keep them alive while ruining the economy and devaluation fiat and the worst part is that people don't care, they only complain and do nothing.
With bitcoin growth and adoption I don't see anything changing either. Bitcoin will be the alternative way of payment while the banking system runs rampant.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

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

They can happen in the future. It is very realistic and reachable missions.

Quote

3) All banks will collapse

It won't happen. Banks won't disappear because of bitcoin or cryptocurrency. Banks are safer than stable coins. Obviously I am talking about CBDCs that are released and supported by big nations. Big nations can collapse but the risk and probability for such are smaller than risks and probability of collapse for companies of stable coins.

Bitcoin, altcoins, fiats, stable coins (another type of altcoins) and other assets will exist in this world.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: Renampun on March 30, 2021, 03:07:37 PM

the news about Apple and Amazon buying Bitcoin is highly anticipated...
instantly the Bitcoin price will definitely 'explode' for a moment if they announce it. Regarding the Bank, I am not sure about the success of the 'printing money' that they continue to run 'lol'.

It's not even "news". There's a huge difference between actual news, and just having a speculation article posted on these so called bitcoin/crypto "news" platforms.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

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

No matter what happen, the governments will try all means to regulate bitcoin and other decentralized cryptocurrencies in a way it will not have effect on fiat or the upcoming CBDC. All I know is that bitcoin will continue to progress, while fiat/CBDC also will find their way to remain benefitial to the economy, even despite being an inflationary currency.

The government will surely save the banks for economic reasons. They should have to protect the banks and help them not to stop in operation just because these banking institutions help them to survive also and if they were gone, their income also will be lessened.

This is one reason why the government never wanted to give support on crypto as they can't get any from holders unless that they will urge people to state it on their assest and included it in their taxes. But I'd never think that people will like it to do so knowing that they can save a lot by not including it as one of their assets.

seoincorporation

legendary

Activity: 3346

Merit: 3125

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

1) Apple will fall in love with bitcoin.

Apple is the company with the biggest market cap in the world and looks like it doesn't like bitcoin at all, they can't take that risk.

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

2) Amazon will fall in love with Apple

This is a funny declaration because I can't imagine the amazon web service running MacOS Grin

Amazon is in love with Linux and that will not change.

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

3) All banks will collapse

It will happen... who cares about when or how? doesn't matter, at some point it will happen.

Renampun

sr. member

Activity: 2338

Merit: 365

Catalog Websites

Quote from: LFC_Bitcoin on March 30, 2021, 02:01:21 PM

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

...

I hope Apple & Amazon publicly declare that they are or have already bought bitcoin. That’d really make the price explode upwards.

Your third point is happening regardless. They are committing their own suicide with the constant money printing.

the news about Apple and Amazon buying Bitcoin is highly anticipated...
instantly the Bitcoin price will definitely 'explode' for a moment if they announce it. Regarding the Bank, I am not sure about the success of the 'printing money' that they continue to run 'lol'.

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

Not that I know of, it's most likely they'll just adapt into it and just be in unison but of course if they continue the traditional way they'll just be there. I don't think this is gonna happen in the short term nor it will ever be, there are still people would go with the not risky kind of things and live with insurances that banks could do. I'm not pro bank here but I'd say they'll find a way not to, they're not that naive I suppose.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Bitcoin adoption would need to increase by many orders of magnitude in order for it to pose threat to banks. Also, we're witnessing right now very specific kind of centralized adoption by big players, which isn't really bad for banks - banks could easily offer Bitcoin custody services and run fractional reserve banking on Bitcoin. Without masses actually using Bitcoin in p2p way, no revolution will happen.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

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 hope Apple & Amazon publicly declare that they are or have already bought bitcoin. That’d really make the price explode upwards.

Your third point is happening regardless. They are committing their own suicide with the constant money printing.

Stedsm

legendary

Activity: 3052

Merit: 1273

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.

jonval21

full member

Activity: 588

Merit: 111

I love the Cryptocurrency world

The banks will be part of the governments, that is the only reason they will survive, unless their Chief JP Morgan gives them new guidelines to change their corrupt system and try to eliminate the debt that it generates in an inflationary economy, it is difficult that It happens, Powell can't yell at them to buy crypto, but in his appearances more than once he has suggested it. APPLE will not be left behind, what we do not know is if they already own Bitcoin, when looking at the BTC / USD graph there are many purchases, it is not ruled out that they are buying stealthily.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

No matter what happen, the governments will try all means to regulate bitcoin and other decentralized cryptocurrencies in a way it will not have effect on fiat or the upcoming CBDC. All I know is that bitcoin will continue to progress, while fiat/CBDC also will find their way to remain benefitial to the economy, even despite being an inflationary currency.

remotemass

legendary

Activity: 1122

Merit: 1017

ASMR El Salvador

1) Apple will fall in love with bitcoin.

2) Amazon will fall in love with Apple

3) All banks will collapse

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