On 2011-06-13, Ian G wrote:
Double entry achieves the remarkable trick of separating out mishaps
from frauds. The problem with single entry (what people do when
making lists of numbers and adding them up) is that the person can
leave off a number, and no-one is the wiser [7].
I would tend to
Also related, Eric Hughes posted about something he called "Encrypted
Open Books" on 1993-08-16. The idea was to allow an auditor to confirm
the correctness of the accounts without being able to see the details
of people's accounts.
Regards,
Zooko
___
c
On 13/06/11 12:56 PM, James A. Donald wrote:
On 2011-06-12 8:57 AM, Ian G wrote:
I wrote a paper about John Levine's observation of low knowledge, way
back in 2000, called "Financial Cryptography in 7 Layers." The sort of
unstated thesis of this paper was that in order to understand this area
yo
