ans = Blind loyalty is similar to unconditional love.
Someone who is blindly loyal will be loyal to someone no matter what they do - good or bad. They are not a "fair weather friend" that stays for only the good. Thick through thin that person will be "blindly" following the other, overlooking their bad traits.
Blind loyalty, in my opinion, can be BOTH a virtue and a fault.
It's a fault because sometimes good people make bad decisions. If you love your friend and they start making destructive decisions, the "blind follower" would go along with these decisions.
It's a virtue because it means that they will always be there for their friend 100%. The "blind follower" will always be a great friend to those they follow and will probably not tend to be very judgemental of others.
The only problem is who the blind follower chooses to follow, you could say.