Here's an interesting "What if?" :


What if a bank or consortium of banks just decided one day to buy every single XRP token they could get their hands on?

Maybe they could end up with at least 50% of the supply between public trading and private purchases directly from Ripple. Maybe they could eventually own 90+% of all XRP ever to be in existence. Then, no matter what they paid for all those coins - Maybe 50 Billion? Maybe 100 Billion? - they would control the entire market and the price of whatever publicly traded XRP is left. Such a bank or bank consortium could only profit in such a scenario if they all also used XRP for all of their transfers and whatever new scams they dream up.

It really wouldn't matter what they paid for it. It's only money and they really do have all of it already anyway.

In this scenario a $100.00 or a $1000.00 USD XRP is entirely possible. The numbers do seem huge, I know. Probably too huge for most people to even imagine. But look at Amazon. Look at Facebook. Look at Google for JC's sake. The values of these companies is already INSANE and has forced everyone to totally reevaluate what "A lot of money" is in our post-web economy.

Banks MUST update the way they do business or they will get Bitcoined to death. They know it.