Post
Topic
Board Development & Technical Discussion
Re: BTC violates GAAP, result a mess.
by
aaaxn
on 10/06/2013, 17:13:22 UTC
You snipped the relevant, quoted context for the response given.

The entire transaction history is required for a zero trust system.
Bitcoin blockchain has hardcoded checkpoints, which means earlier blocks can never be changed. if bitcoin used account ledger instead of uxto list, all transactions before checkpoint could be forgotten without reducing security.