This came to my mind when I looked at this video. If banks start to use widely Ripple or similar technologies, can bank go bust in seconds in the future?
Even a small doubt about a possible bank run can already cause big players pull their money out off unstable bank. And whit this technology panic can spread like wildfire at such speed that it goes beyound our comprehension. Can you image what woud have happend if this technology had already in place in 2008 financial crisis? I can not say but I do know this: Next time panic happens and grannies line up in the ATM and try to get their money out there is nothing left.
What do you think about this?
And it is just a matter of time:
"From 1938 to when Washington broke the Bretton Wood’s $35 gold peg in August 1971, the banking shares never saw a decline of over 40%. Since the bottom of the credit crisis, the banks can’t seem to get above their BEV -40% line. That has to mean something."
http://www.gold-eagle.com/article/breaking-35-gold-price-peg%E2%80%A6-truth-and-consequences-it
Low interest rates makes banking hard.
"According to Bank of America (BAC), European banks could lose as much as €20 billion per year by 2018 if the ECB keeps rates where they are."
https://www.caseyresearch.com/articles/why-these-huge-bank-stocks-could-go-to-zero