Gregory's Server@thomasfuchs Keep an eye out for the sneaky one: "Ledger", the one that means "someone designing a distributed system needed a canonical ordering of events, and they don't want anyone to describe what they made as a 'blockchain' because that would be super embarrassing"
|
5 comments
  @mcc yeah like in theory all this ledger stuff implies a "better" implementation of a lot of accounting principles but I haven't heard of any of the major accounting firms stepping in going "yo we know the block chain" @grumpasaurus As I am using the word here "ledger" just means a data structure where data is written only by appending it at the end. I don't really see a way to apply this to accounting of any type that could not be done better in some other way. The "blockchain" people claim there is relevance but they (1) lie a lot and (2) stand to financially benefit from increased use of their networks, so I don't think they're useful sources of information here. @grumpasaurus ...but I guess that's basically the point you are trying to make (that it doesn't seem to be useful in practice for accounting/finance) |
@mcc @thomasfuchs you know what where are the likes of kpmg in all this block chain stuff.