> "a change in ledger management and accounting procedures" I'm not sure that this now oft repeated meme isn't entirely misleading in regards to accounting. Ac

> "a change in ledger management and accounting procedures" I'm not sure that this now oft repeated meme isn't entirely misleading in regards to accounting. Accounting system audit trails have always been immutable in concept and design, and Bitcoin and block chain brings no change to double-entry accounting and current accounting principles. In terms of general accounting systems, all block chain represents is a strong encryption based means of ensuring immutability of the audit trail - a feature simply not required.