In a bitcoin society! What is the role of banks?

[cuddaloreappu]

What was the role of blacksmiths after the invention of the automobile?

well said

[1715452404]

1715452404

[1715452404]

1715452404

[1715452404]

1715452404

[keithers]

Banks could serve vaults for physical storage for people with a lot of BTC, LTC, and other cryptos in cold storage. 

[beetcoin]

the role of banks in a bitcoin society is to stop the mass adoption of bitcoin.

[alexeft]

the role of banks in a bitcoin society is to stop the mass adoption of bitcoin.

...and be crushed doing it!!!

[Brangdon]

How about standing orders and direct debits? I could make those transfers myself, but then again I might forget. I could have some software on my home computer that makes them automatically according to a schedule, but what if there's a power cut or my internet goes down and I miss a mortgage payment?

[Beef Supreme]

IF such a dramatic change is ever to happen (which I doubt) then the major role of banks will still be the same as nowadays: give out loans and do investment banking. Most banks would get rid of savings and salary accounts rather sooner than later if they could but there is no money to be made from that. They just keep them because in most countries laws require them to back a certain amount of their investment banking (speculation) with actual savings and real money.

LOL, real money?

Paper mache'?

[Bit_Happy]

What was the role of blacksmiths after the invention of the automobile?

Some financial districts will have historical areas (like Williamsburg) and the bankers can "work" in a display area kinda' like zoo animals. 

[pening]

I am not able to figure out what is the point and role for banks to exist in a cypto society.

Depends which bank role you mean.  Some will offer to safeguard your bitcoins so you don't have to. Some will offer payment automated  payment services from your deposited Bitcoin.  Some will offer loans, mortgages?  Some will offer investments, others wealth planning.  Some will provide loans for business and capitial infrastructure investment.  Some will offer services to simply arrange those with money to provide it to those that need money.

So, pretty much the same as they do now.  I wonder from thread like this how many people really get what banks do.