halalmoney on Nostr: ‘triple entry accounting doesn't work if you don't… link back to [the] original ...

‘triple entry accounting doesn't work if you don't… link back to [the] original issuance’

quoting
note1h8e…c0mz

What do you do with people who don't understand that triple entry accounting doesn't work if you don't have the link back to original issuance?

Or with people who don't understand that without something like proof of work as a real world cost there is no apolitical way to reach consensus?

Or those who don't understand that the primary goal (above all else) is to create monetary assurances & solve trust problems that destroy our ability to trade & allocate resources?

Or with those who don't understand network effects, or who don't understand the inherent limitations of broadcast networks & why a layered architecture is necessary, or that anything an altcoin can do can be done in layers on top of #Bitcoin without having to deal with any exchange rate complications?

I think some people are just destined to learn their lessons the hard way.


nevent1q…l3p3