Some dude asked me if Bitcoin could eliminate local banks, I thought of it,
I told him that no
From my own point of view, banks have alot to give more than just money transfers, they offer loans and mortgage, business banking services, costumer service and dispute resolution. So this banks are really doing a good job and I don't think they can be eliminated soon. Bitcoin is not widely used for dally payments yet, so volatile prices makes it difficult to use as a stable currency
I hope I made a good point there
buddy bitcoin can't eliminate Banks, because we still need those shits. Just as you said there are things Banks can offer to us, things like loans and mortgage, business banking services, costumer service and dispute resolution just as you have listed them, but bitcoin can't offer them to us, beside bitcoin
is decentralized no central authority control it to offer those stuffs Banks can offer to us, so you see why we need Those shits called Banks. Secondly there are people out there who still prefer the banking system than that of bitcoin system, but all the same even as bitcoin is not yet accepted all over the world as payment method, bitcoin still remain a safe heaven for storing our wealths.