Sheeple confirmed.
This is from the "Key Terms" section of the Pillar Project Grey Paper, p9:
Atomic ownership of private keys means that personal data, currencies, and assets are not held or controlled by any third party. Only you have the keys to this data. If you lose your keys, your data or value is lost (there are several ways to help consumers manage their keys safely).
Accounts involve logging in and creating an account with a company you must trust to back up and safeguard your data, including credit-card info, passwords, etc.. If your account is compromised, you lose your data, identity, or value.
The former is the means that Pillar will use.
If you think about it, all of our data is already stolen and accessible by some powerful and toxic institutions and people. Wouldn't it be nice to at least be able to claim ownership of our personal data and manage it ourselves?
I do see part of your reasoning, really. Projects like Pillar are walking a fine rope by asking for users to trust in a service that manages their entire identity. But for the reason in the paragraph above, I don't see Pillar Project as worse than the current system. For one, the personal data locker software will be designed to work without human intervention other than whoever has access to a wallet's keys.
Oh by the way, Pillar is building a wallet, not a blockchain. This is from p14 of the Grey Paper:
In essence, a wallet is software that holds the private keys to your assets sitting on a blockchain. You transact by “signing” orders. The Pillar wallet will hold keys and let you transact with many blockchains, and it will eventually be the control panel you use to interact with the digital world. Using a wallet, there is no account. You hold the private keys to your cryptocurrency (bitcoin, ether, etc.) and you use cryptocurrencies or digital tokens to “pay as you go,” for the service using micropayments. The service may never know who you are.
If I've translated their vision correctly, personal information and physical assets will soon be represented in various ways (such as tokens) on blockchains, which will allow for very complex transactions and auditing to occur.
The Pillar Grey Paper can be found here.
You can obviously believe what you want from Pillar, but I've seen plenty to completely distrust them and their ultimate intentions. As much as most people don't want to believe it, there are a lot of modern day Pied Pipers out there that are selling solutions that people deeply want to believe are genuine. They play off people's inherent trust, emotions, and desire for a new direction. The only way that I know to sniff these Pied Pipers out is to read between the lines of what they are telling you. I've done that and I believe it's all just an empty sales pitch for a deeper NWO plan.
There will never be a data storage system that TPTB will not have access to. Just watched vid y'day of real ID and companies access to enable selling of the data, so it would just be giant FB with everything about you on it, and the network will continuously learn all new items, transactions of any kind, and they want this to be global. Vatican supports 'banking access' for the poor, so they will have 'greater access' to global economy. So we have to do it for the poor.
I fully agree, but trying to explain this to people is almost impossible because no one wants to hear it. Instead you've got lots of sheeple now screaming "hooray" for a crypto-based centralization of your data, even though if that was done elsewhere, they wouldn't like it at all. It's bonkers.