9) I didn’t understand XRP at $1bn. I really don’t understand XRP at $100bn. It’s not required to use Ripple’s software, so unless banks are adopting the currency as a new global reserve, it doesn’t make sense. But the top employees are now billionaires, so that’s cool.
“If you asked people in 1989 what they needed to make their life better, it was unlikely that they would have said a decentralized network of information nodes that are linked using hypertext.”
But he learned one very important lesson. “I knew then that I would never go into a commercial field that put a barrier between us and the customer.” Rather than deal with other companies as intermediaries, he would market his innovative products directly to the public. He believed “that the role of industry is to sense a deep human need, then bring science and technology to bear on filling that need. Any market already existing is inherently boring and dull.” Land, like Steve Jobs many decades later, believed that his company should “give people products they do not even know they want.” Fortunately, he already had such a product in mind.