~snip.
I want to disagree that banks are active 24/7. There is a big difference between available service and active service. ATM, mobile banking and internet banking are all available means of transaction but they are not active 24/7. Many people have lost money in my country because the used these banking channels. Sometime these services will not be available and in some cases their will be transaction failure that leads to delay or even loss of funds. I have recently lost some money because of online bank internet subscription transactions I did with a well known bank in my country. But I have never had any transaction issues with bitcoin transactions. The network is available and active at all times.
~snip~
Both the banks and bitcoin offer competitive or similar service, hence they can be compared. The government and banks always claim that they offer better and are more reliable services. For me, there is no need compare them but the government should give the people freedom to compare the services of both currencies so that they can choose the one they prefer.
Online and ATM transaction failure has nothing to do with banks being in service or not; even if banks are in session or not, sometimes they still have network downtime, which can only delay transactions, but they will either be successful later or fail, in whichcase the transaction amount will be returned to the sender's account. If that's not done, you have the right to go to the bank and file a complaint.
Losing money on transactions is likely when one falls victim to a scam.
We can't compare the blockchain system with that of a bank; they are two different sectors that are operating in their own ways. Blockchain transactions sometimes also delay. I can remember running a Bitcoin transfer from one wallet to another, and this took me almost 8 hours before the transaction was recorded as successful and completely confirmed in the blockchain.