Although Bitcoin offers competition to the banks, I highly doubt it will replace it in our lifetimes.
Agree with that also. Hard work have been done to establish those industry and it will also be a long time before someone or something could make it fall. That is just not that easy.
It is not even close to that. bitcoin is so far far away from taking place of banks. the world is running with help of banks and real currency..
I don't even think bitcoin creators thought about it so. they created bitcoin as just a decentralized currency. not for kill all other currency.
Banks have support from the Government and society and people who are not aware about bitcoin will stand tall with banks and will never allow bitcoin to take place of banks.
Thats true. bitcoin can not replace banks. but yes we can say that bitcoin may replace all other online payment systems. it is also so much hard but it is at least not impossible.