Bitcoin isn't supposed to replace banks.
The purpose is to end the CENTRAL banking scam.
Central banking is not the same thing as regular banking.
When designing a DIGITAL MONEY you need to eliminate the central coordinator of the money, which has always been necessary to protect against double spending.
It is that central coordinator, the central bank, that Satoshi eliminated the need for (a solution to the Byzantine generals problem). Nothing to do with the banking service which is highly valuable to humanity. Banking is just messed up at the moment because of malincentives and government protection policies, and broken money.
More in my essay...
armantheparman.com/tpwm/
