It's a terrible way of doing that, and it isn't even necessary to produce an immutable record of transactions. Seriously, spend some time thinking about other m

It's a terrible way of doing that, and it isn't even necessary to produce an immutable record of transactions. Seriously, spend some time thinking about other models for distributed transaction records. Blockchains are designed the way they are to prevent governance and oversight, meaning, if someone scams you or steals from you, there's no way to get your money back. "No backsies" is the most fundamental principle of their design.