My question to us right now do you think Bitcoin will eventually erase the commercial banking sector???
created bitcoin is not to make this a competition and to replace the existing banking scheme because after all this is only used as a legal payment option which is already clear that it is not to replace but to complement because if at the beginning bitcoin was used as a tool to replace the current banking system then bitcoin would have been banned from the start because it would be considered as an attempt to overthrow what the government currently has so that bitcoin could not replace it at any time because its original purpose was not as a substitute but as a complement . But then the only obstacles against that is the government, the government needs a monetary system they could influence and since they can't influence Bitcoin it would be quit difficult for Bitcoin to erase the commercial banking system, except the government have no option but to accept it like El Salvador has done.