4 ms·

Not really a ledger, bitcoin is only an asset, never a liability.

• badbaguette 12y ago
  Point taken, but I think that a long list of all accounts and their balances is essentially a ledger even if those balances are constrained to be positive. A ledger is almost certainly a better model for thinking about the blockchain than, say, a bunch of people with cash under their mattress.
• tim333 12y ago
  You could argue MtGox have a liability of quite a few bitcoins.