Twenty years or so ago I programmed an accounting system based on ms vb and sql server that eschewed double entry accounting and instead just used a "spine" of transactions in a table (in very simple terms).

So I got very excited when the ethereum network came along because I envisaged using this blockchain ledger as an accounting system.

What put me off was the fact that every transaction (or journal in accounting terms) posted in the ethereum ledger would come at a cost making such a system cost ineffective.

I'm part way through the #xrd whitepaper and this idea that I had is starting to look interesting again ...

Sad I know. But I am an accountant after all. 🤓

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