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It's https://en.wikipedia.org/wiki/Double-entry_bookkeeping_system https://en.wikipedia.org/wiki/Double-entry_bookkeeping_syste... (traditional banking) versus
by known 10y ago
It's https://en.wikipedia.org/wiki/Double-entry_bookkeeping_system https://en.wikipedia.org/wiki/Double-entry_bookkeeping_syste... (traditional banking) versus https://en.wikipedia.org/wiki/Single-entry_bookkeeping_system https://en.wikipedia.org/wiki/Single-entry_bookkeeping_syste... (blockchain)
I think we've to overcome https://en.wikipedia.org/wiki/Fear,_uncertainty_and_doubt https://en.wikipedia.org/wiki/Fear,_uncertainty_and_doubt to embrace blockchain
- cowsandmilk 10y agoUh, I don't see how the blockchain could be considered single-entry accounting. Every system I've seen proposed still has transactions that credit one account and debit another.