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
This isn't about revenge, right?. It reads as if it's something that has to happen... I think, e,g, but the traditional newspaper refuses to die, that is, it will surely disappear for various reasons, ofc, an immediate one will be the Internet. With banks, if something like this happens, it will be due to the intrinsic causes we've known about for decades and that were there before Bitcoin arrived. But these are circumstantial events, so the social and economic ecosystem that defines each individual can accommodate both.