The Evolution of Double Entry Bookkeeping

Double entry bookkeeping allows people who don't necessarily have a permanent relationship to trust the accounting enough to proceed with a finite number of transactions. The security of the ledger is so high that nobody, that who the other person is, is absolutely immaterial. It's not even a question of on the Bitcoin blockchain, there's never been a fraudulent transaction. No one has ever double spent an amount of coins. There's literally nobody on earth who can help you.

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