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One sentence from the article should be emphasized: “Double-entry systems are more reliable at tracking money than any other viable alternative.” So true, 100’
by jwsteigerwalt 4y ago
One sentence from the article should be emphasized: “Double-entry systems are more reliable at tracking money than any other viable alternative.” So true, 100’s of years and no better system has ever evolved. I would argue that any blockchain system that attempts to tackle this problem has a double entry aspect if it’s useful.
- jedberg 4y agoThe blockchain is basically triple-entry accounting. Every transaction has a public record to go along with your own two column entry.