its still hard to believe that bitcoin will replace fiat.
banks that are weak are failing, thats true tho
BTC have the ability to replace the old FIAT system but
BTC will never replace FIAT because FIAT is issued by the goverment which means that goverment will do anything to not replace their FIAT. Using
BTC is not benefical for the goverment since it is decentralize.
Bitcoin will rule the next financial system which will be based on blockchain technology.
BTC will on the lead to rule the financial system but it will not be leading anything if there is still FIAT on the same road with it since more people will still favor FIAT over
BTC.
url=http://cointelegraph.com/news/114265/527-us-banks-have-failed-since-late-2008-but-the-bitcoin-protocol-still-hasnt-been-hacked?utm_source=google&utm_medium=cpc&utm_campaign=bitcointalk&utm_content=EVG
This is quite biased article to compare this things IMO.
BTC is acknowledge by most people on the late 2010/2011 and it has nothing to do with the banks failling there