Best case scenario is that they convince people to treat their thing with value in their sandbox to reduce fees and improve performance for a specific business

Best case scenario is that they convince people to treat their thing with value in their sandbox to reduce fees and improve performance for a specific business case (B-2-B payments for example). Or in the case of JPM Coin, they back it with deposits and no value trust is needed. Just limited application. Think like Disney bucks, but a larger scale.