Post
Topic
Board Development & Technical Discussion
Re: BTC violates GAAP, result a mess.
by
aaaxn
on 10/06/2013, 15:06:48 UTC
Because it makes good engineering sense.

Technically we have a balance sheet anyway:  the set of unspent transaction outputs (UTXO).
It certainly does not make engineering sense for payment system to keep track of non-necessary information about UXTO when all user care about is account balance. So please elaborate.