I think waiting for an hour is not a big deal and most of the people will prefer to wait for that if they are earning good amount of bitcoins and they will ignore this issue as there are many advantages attached with bitcoins in compare to disadvantages.

I agree with you with all of what you said but I like to clarify one thing about Banks being ran by the government. Banks are regulated by the government in the means of rules/regulations/limitations but they are not exactly controlled by the government. The bank's customers and their accounts is still protected by means of privacy in which the government cannot instantly request from banks. Also banks are not some kind of special industry they are still businesses ran by corporations in which they need to pay their respective taxes.

Okay there is privacy.
But how come they can get money from you whenever it has something to do with the government.
Parking tickets. Once unpaid with the due date they will force it by touching your bank account.
What the bank does after that? They will just inform you. They didnt even try to stop it for your own opinion first.
Now tell me. Is that right at the banks part? They dont even respect your decision.

Bitcoin is nothing compared to the banks because banks is already here since the time of our great great grandparents so i don't think bitcoin will have a chance to make the banks disappear or replace it. Bitcoin will be just another kind of money and additional to our world which can make other kind of things better but not a pure replacement for something.

Bitcoin can't make banks to disappear. Financial market in the world is still very conservative and banks are among the basic stakeholders in it. Many of us would like this to change but this is the way how it is. But bitcoin can make banks to change their attitude, at least in some way.

If you have been invested in Bitcoin from at least 2013, it's easy to distinguish who some of the trolls are.  Mr Troll:  Never use the word "dude" when trying to spread disinformation.  What a joke.

No, I don't think banks will disappear; at least not at this rate.

Banks, one of its purpose is to support the economy of a certain country. It invests (let us say 70%) its available funds to a company or have it loaned to farmers or whatever. With this, the bank directly helps the country as a whole. It supports the economic development of a country that is why banks will stay no matter what. The speed of transactions or having low fees does not concerns the existence of bank, its purpose and role is the main concern. Also, the government will never let banks disappear because of bitcoin. Even though bitcoin surpasses fiat (a big IF and seems unlikely), the government will create a bitcoin bank. And banks still exist.

although there are always possibilities to happen that but i do not think that it is possible in near future. my be after decades whe all the people will start using bitcoin then it will becom possible