TD₿: Is BitCoin a triple entry system? (an article) by Ian Grigg

TL;DR Bitcoin is the first successful wide-scale implementation of triple entry accounting.

Hey Bitcoiners,

Here’s a blast from the past for you. In 2011, Ian Grigg wrote a blog post about Bitcoin as a triple-entry accounting system. “Triple entry is a simple idea, albeit revolutionary to accounting. A triple entry transaction is a 3 party one, in which Alice pays Bob and Ivan intermediates. Each holds the transaction, making for triple copies.” Discover why Bitcoin may have unlocked triple-entry accounting for the global economy.

Enjoy!

Tick tock next block,
Cory Klippsten

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“Buying bitcoin is the most powerful protest an individual can make against the current economic system.” – Luc Dossis

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Tuesday, March 14 — Boston BitDevs Meetup 14 — If you’re looking to learn about Bitcoin’s latest technical developments, this is the event for you! Whether you’re a long-time Bitcoiner looking to participate in the discussion, or a new face hoping to soak up information like a sponge, all are welcome.

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