3 ms·
A blockchain is triple entry accounting, which has advantages over double. http://www.warrenhenke.com/writing/essays/triple-entry-accounting http://www.warrenh
by basch 5y ago
A blockchain is triple entry accounting, which has advantages over double.
http://www.warrenhenke.com/writing/essays/triple-entry-accounting http://www.warrenhenke.com/writing/essays/triple-entry-accou...
https://iang.org/papers/triple_entry.html https://iang.org/papers/triple_entry.html
I find it odd to say "thats a human problem" as if technical invention over centuries isnt specifically to abstract away human inefficiency.
A group of somewhat trusting firms doesnt need crazy PoW/PoS. The idea of companies sharing a collaborative ledger when working together shouldnt be dismissed so flippantly. Everyone keeping their own (unreconciled automatically with each others) book may be the status quo, but it doesnt make it optimal.