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Development & Technical Discussion
Re: BTC violates GAAP, result a mess.
by
LvM
on
01/06/2013, 11:58:28 UTC
Quote from: aaaxn on June 01, 2013, 10:48:11 AM
Quote from: LvM on June 01, 2013, 10:03:53 AM
Not duplicate, I called it
mirror-inverted
.
Payer and receiver have an account.
Both are changed by the payment differently. Right?
More about GAAP here:
http://en.wikipedia.org/wiki/Double-entry_bookkeeping_system
http://en.wikipedia.org/wiki/Generally_accepted_accounting_principles
http://en.wikipedia.org/wiki/International_Financial_Reporting_Standards
etc..
You can have only one and always derive other from it.
"One"? Of what
Before we continue. I wrote and must ask you again:
Quote
Payer and receiver have an account.
Both are changed by the payment differently. Right?
Would you really deny that?