this post was submitted on 14 Mar 2024
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So, slightly pedantic correction. You can store the data on the BTC blockchain, there’s really nothing preventing it. It costs in fees, it’s not at all what Bitcoin was designed for, but it’s been done in the past.
You technically can but it's not practical for the mass amounts of data and practicality is critical. Heck, bitcoin is barely practical as a currency. Can you imagine someone who isn't tech savvy managing their own wallet? Imagine what happens when their funds are gone, there's nobody to call, and even if there were somebody to call, all that person could say is "sorry, all transactions are final and non-reversible".