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A comment on Ask HN: What benefits does the blockchain provide?. Parent comment

Re:Ask HN: What benefits does the blockchain provide? by proofofanalysis on Sunday January 07, 2018 @01:55AM (#16089675)
Triple accounting is explained. You have an incorruptible third party that attests to the accuracy of the computation.
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Re:Ask HN: What benefits does the blockchain provide? by thisisit on Sunday January 07, 2018 @04:06AM (#16089990)
I am sorry but given that you can't explain using the simple example of double book keeping makes me doubt if you even know accounting at all. Just repeating the standard blockchain lines over and over again.
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Re:Ask HN: What benefits does the blockchain provide? by SAI_Peregrinus on Sunday January 07, 2018 @06:47PM (#16093529)
The accuracy of the computation is pretty much never the issue anyway. That's checkable by any auditor. As far as I can tell triple entry accounting adds one buzzword..
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Re:Ask HN: What benefits does the blockchain provide? by candiodari on Monday January 08, 2018 @07:30AM (#16096284)
When was the last time you checked the books of the bank where your money is stashed ?

Because for your bitcoins, that would be "45 minutes or less".

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Re:Ask HN: What benefits does the blockchain provide? by proofofanalysis on Sunday January 07, 2018 @12:05PM (#16091524)
The essential point of the third entry has been made.
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Re:Ask HN: What benefits does the blockchain provide? by thisisit on Sunday January 07, 2018 @11:02PM (#16094559)
How about using the above example and showing where the third entry is made?
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Re:Ask HN: What benefits does the blockchain provide? by proofofanalysis on Monday January 08, 2018 @02:46AM (#16095273)
The blockchain is the third entry.
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