Which Categories of Seed Startups Are Thriving? Which Aren't?

Re:Which Categories of Seed Startups Are Thriving? Which Are... by Alex3917 on Monday August 12, 2019 @03:15PM (#20678848)

Any time two or more different parties enter into any sort of business relationship, they need to spend tons of money on third-party service providers tracking who owns what. If DLT can reduce the cost of that by, say, 60 - 80% then that's a savings of several trillion dollars per year.

If you read a book about the impact that double entry accounting had on the world then I think it's easier to imagine all the ways that triple entry accounting (DLT) will transform the economy.

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Re:Which Categories of Seed Startups Are Thriving? Which Are... by ericd on Monday August 12, 2019 @05:18PM (#20680117)

Interesting, thanks for explaining. Any recommendations for good books on the impact of double entry accounting?

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Re:Which Categories of Seed Startups Are Thriving? Which Are... by Alex3917 on Tuesday August 13, 2019 @09:59AM (#20685879)

There is a book called Double Entry. The first few chapters are worth reading to understand how it actually changed the world and created wealth. It gets kind of boring after that.

I think understanding DLT as a 10x less labor-intensive version of double entry accounting is key to understanding its ability to enable new and qualitatively different types of business relationships.

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Re:Which Categories of Seed Startups Are Thriving? Which Are... by ericd on Friday August 16, 2019 @04:23PM (#20719360)

I'll check it out, thanks!

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