[...] If you operate a backed currency you're far more efficient using a secure SQL server as the banks will soon find out to their cost once the "we're blockchain friendly" bandwagon gimmickery has worn off.
The whole point of a blockchain is that it's designed to support peer-to-peer, unbacked tokens. [...]
Andreas summarizes it quite well in his recent talk in San Francisco: "
The first instinct is to fix them".