Blockchains are accounting mechanisms. In their simplest form, blockchains are just a linked list of linked lists that that fulfill the requirements of an easil

Blockchains are accounting mechanisms. In their simplest form, blockchains are just a linked list of linked lists that that fulfill the requirements of an easily immutable, distributed and auditable system of accounts. I'm not sure how the author is attributing so much doom and gloom to cryptographically secured accounting systems, some of which have survived for a decade without a major failure of their primary function (securing digital assets with enforceable contractual conditions and private keys).