Point taken, but I think that a long list of all accounts and their balances is essentially a ledger even if those balances are constrained to be positive. A ledger is almost certainly a better model for thinking about…
The appeal of bitcoin in this respect is that it disrupts the idea of money "being" in a certain place and thus having to "move" across borders. As a worldwide distributed ledger, it's unclear that sending someone…
Point taken, but I think that a long list of all accounts and their balances is essentially a ledger even if those balances are constrained to be positive. A ledger is almost certainly a better model for thinking about…
The appeal of bitcoin in this respect is that it disrupts the idea of money "being" in a certain place and thus having to "move" across borders. As a worldwide distributed ledger, it's unclear that sending someone…