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> In technological terms, it is old. No it's not. It took double entry accounting hundreds of years to spread around the world, why would you expect triple ent
by Alex3917 9y ago
> In technological terms, it is old.
No it's not. It took double entry accounting hundreds of years to spread around the world, why would you expect triple entry accounting to take over any faster? We already know it's going to succeed because it's objectively better by a very significant margin, but that doesn't mean it's not going to take decades to do so.
- spookthesunset 9y ago> It took double entry accounting hundreds of years to spread around the world, why would you expect triple entry accounting to take over any faster? Here in modern times information moves orders of magnitude faster than when double entry accounting was invented. By modern standards, blockchain is ancient and has yet to move beyond its current use as the world's greatest platform for financial fraud ever invented.
- Alex3917 9y ago> Here in modern times information moves orders of magnitude faster than when double entry accounting was invented. The speed of information is about as relevant as the cost of tea in China. What matters is how fast people actually change their minds, which isn't any faster. All of the older generation basically just has to die before the new best practices can get widely adopted. If anything change likely happens more slowly these days because people are living longer.
- spookthesunset 9y agoBlockchain shysters speak in such vague terms that they are effectively saying absolutely nothing while still reeling in the rubes to buy into their scams. Case in point. Your post.