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
That's actually true, bank have alot to do than just HODLing fiat. Apart from these ones you have listed I think that bank is a place to save important documents like company files or other valuable assets like gold and other expensive things while Bitcoin in the other hands can not be do such things. Like you said that people can take loan from bank, yes I agree with you because loan may be taken in replacement of other assets in form of coletheral, while Bitcoin can not do that. In fact there are many advantagea of bank over Bitcoin which can not be overemphasized but we cant just keep comparing both but utilize the both since it was created to work side by side.