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?