Everyone is entitled to his/her opinions..but bitcoin is here tp stay... and we are enjoying bitcoin
Sure, bitcoin is here to stay and rule the cryptos. I don't think banks will be replace by bitcoins. But both of them will be used together and simultaneously. There are people who still believe in Government backed Banks and that will hard to change. And Government need banks to function to have control over the economy.
yep even some say in the future there will be a special bank bitcoin like fiat, in my country bitcoin is not legal payment. so seems must a long wait until it happens
Both have a separate value, The Banks are under control of our government, and the Bitcoin is ruling online gambling industry. Our governments need banks to control our economy. And the banks will pay tax to government so the banks are legal in all country. Why the bitcoin is not legal in many countries means in BTC transaction govt will not get any income and people will use this currency to do illegal activities. That is why BTC is illegal in many countries.
Government will not get income and people can maximize it's income, I guess that's fair and that's the main reason why we adopters of bitcoin does not want it to be regulated so government will not interfere in our transaction online.
When goverment don't have income, i think it will make country fail. It means no more construction.
Governments in the past also participated in several business opportunities, so they generated profits, and also organized lotteries and stuff to raise money for projects in the past, that would not be enough but it could help to soften the blow.