[tylersmith]

That would mean that instead of the data being in a single centralized location it's on every single node. That's the opposite of what we need.

Edit: Assuming the colloquial use of the term "blockchain", a public database. In the sense that a blockchain is simply a data structure it's not necessarily a problem but also not a solution.

[nilved]

No, the idea is that it's under collective control.

[tylersmith]

Why would you as a consumer want collective control over your data? Why should anybody but myself be able to affect my own credit?

[nilved]

That isn't how a blockchain works.

[tylersmith]

Great explanation /s

Please tell me how a blockchain works then.

[nilved]

Ok, sure. Why does having a public ledger imply anybody can control your data? Can I take your Bitcoin? You're being outright stupid tbh.