4 ms·

blockchain

• tylersmith 9y ago
  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 9y ago
    No, the idea is that it's under collective control.
    • tylersmith 9y ago
      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 9y ago
        That isn't how a blockchain works.
        • tylersmith 9y ago
          Great explanation /s Please tell me how a blockchain works then.
          • nilved 9y ago
            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.