Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
If the elimination of the banking industry will be the price for the progress of bitcoin and the whole cryptocurrencies, then I will like to live with that. Cryptocurrency aims to help the people in the transactions and save more money. And if there's way to minimize the competition between them, may be it could work. Banks are important to the society, and bitcoin can be valuable too especially because of online transactions. Together, they can change the society to move forward.