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> No one is dumb enough to try to make a central (and traditional) database/system for digital money. Uhm, isn't that what literally every bank in the world is

• rswail 5y ago
  What do you think the Federal Reserve Bank does? Every bank in the US has an account with the Federal Reserve. The Fed maintains a central database of the transactions between those accounts. The only difference between a blockchain and a traditional database is that a blockchain has an inherit audit trail due to the use of crypto algorithms and digital signatures. A traditional database can have similarly immutable record keeping with digital signatures as well.
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• prohobo 5y ago
  Okay, I may have went too far there. I didn't properly think that through, but I still think it's a bad idea to not use a blockchain for a new currency.