You are exactly right and it’s astonishing how most of the commenters here are confident about their views despite not getting it.
To provide another example besides the ICO: you can use a pegged blockchain-based coin to trade on Uniswap or any other decentralized exchange. This would not work with the database based coin. The idea is not to gain efficiency, the idea is to gain interoperability with the blockchain ecosystem.
To provide another example besides the ICO: you can use a pegged blockchain-based coin to trade on Uniswap or any other decentralized exchange. This would not work with the database based coin. The idea is not to gain efficiency, the idea is to gain interoperability with the blockchain ecosystem.