This topic has overly been misconstrued.
Crypto replacing banks does not MEAN that Banks will die out abruptly or that everyone will just automatically be using crypto and ditch banks.
The internet has been around for over two decades, yet we still have billions of people who don't use the internet; e-mail has been around for a long time, yet we still have folks who don't know about it or even use it.
It simply MEANS censorship resistant, the ownership and ease with which you do what you like with your money whenever wherever and however.
Some days back, someone transferred his $450m from his bedroom using Bitcoin with no hassle.
I bet if you want to do that with fiat, you will be told to bring your entire family members, 10 Attorneys and a whole lot of other crappy items on the list. And still, the money will still not be moved at once.
As for the volatility, it is just a baby industry barely a decade old so let us give it time.
Let us not forget that the Banking sector is over centuries old.
In my Country, right after we gained independence from the British colony,#1 naira used to be equal or more than $1.
But today $1 equals #360 naira. It was #500 naira to $1 at a time (call it its ATH lol)
Many Nigerians with a shit ton of naira back in the day lost their hard earned money to the devaluation.
So, volatility? That's no argument really..
If we are to be more logical driven than being obnoxiously sentimental, it is the usefulness, and what it has to offer we should be debating about and not "when moon," Because we all know that when the purpose of a thing is not known, abuse is inevitable.
The US dollar is world superpower and has managed to make the dollar deceptively stable to the detriment of other currencies.
You think the fiat in your acct is stable because you're on the shores of your country? Try to buy the dollar with it, or spend it elsewhere then you would realize how inferior your currency is.
Zimbabwean dollar keeps on plummeting to the ground, ever wondered why? Her citizens are scared to keep their money in their own national currency.
People who see Bitcoin as solely for hyip got it all wrong from the outset.
It's PRIMARILY an efficient form of money, that can also be traded at an/as an exchange.
People will eventually have a choice to make on how they want to own and use their money.