> Here in modern times information moves orders of magnitude faster than when double entry accounting was invented.

The speed of information is about as relevant as the cost of tea in China. What matters is how fast people actually change their minds, which isn't any faster. All of the older generation basically just has to die before the new best practices can get widely adopted. If anything change likely happens more slowly these days because people are living longer.

Blockchain shysters speak in such vague terms that they are effectively saying absolutely nothing while still reeling in the rubes to buy into their scams. Case in point. Your post.