Quote from: David Latapie on October 12, 2014, 11:42:59 PM

Quote from: jbreher on October 12, 2014, 05:59:29 PM

Quote from: David Latapie on October 08, 2014, 01:10:24 AM

Quote from: jbreher on October 07, 2014, 06:04:33 AM

Why would governments use a blockchain to enact fiat? Why would they just not print it at random as they have always done? It is easier, they know how that system works, and there is no advantage to them to put it on a blockchain.

Blockchain advantages in cost reduction

There is absolutely no scenario under which a centralized blockchain implementation can be a cost reduction over a database.

I was not comparing to database. I was comparing to fiat (minting, transporting, securing, coins and banknotes; protection of databases via redundancy, physical protection, use of expensive closed-source software and devices...)

The vast majority of fiat is database transactions. The tangible, physical notes we sometimes take out of our back pocket and employ is a vanishing minority of fiat.

So unless I continue to misunderstand you after your clarification, you were indeed referring to fiat.