Re: Can Bitcoin make Banks disappear?

Theres no chance for a digital currency in placing a fiat currency. We all know that fiat is being used by all people all over the world and it already established its name and its uses worldwide and for bitcoin no matter how it flies , it cant still place fiat currency , so this means banks would be still there because fiat do store on banks.

I agree with you, bitcoin and bank is two totally different concept, bitcoin's existence doesn't have anything to deal with banks and the fact that no matter how high bitcoin can grow or how low it can get, banks aren't affected by any of them. Therefore, bitcoin certainly can't replace banks, not to mention make them disappear.

Bitcoin makes some bank functions obsolete, but not all of them.

From the top of my head: bitcoin cannot do the following:
-lending & borrowing
-letter of credits
-chargebacks

I would have to disagree with you that you could not make those services disappear when it comes to bitcoin and a bank. There are lenders out there for bitcoin which would cover the lending situation. Letters of credit could be easy if you were storing your BTC in an interest bearing BTC account of sorts, and there is no need for charge backs If you are doing a transaction, make sure you are not getting ripped before you do the transaction. The lack of chargebacks is one of the great things about bitcoin.