Tim Bouma

Assets = Liabilities + Equity That was the equation that changed the financial world in the 15th century. The A=L+E equation forced integrity of transactions where the equality must hold, in that debits must always equal credits. A=L+E also gave rise to the concept of a balance sheet,

purple ostrich > wooden bird…

On #nostr there’s no such thing as fighting for permission.…

Be your own client.…

Very cool. I need to think about this. Zaps turn the model inside out for sponsored posts and the resulting funding is out in the open.…

The printing press didn’t cause the revolution; it was loose typesetting.…

Most of what passes for historical record is bad copying, poor plagiarism, or outright forgery.…

Money is just a number into the future.…

Note to self: project for 2025…

Most important things for business (according to Pacioli) Cash Good Bookkeeper Transaction Ledger 'Unum aliquid necessarium est substantia. '…

This demonstrates that 'intrinsic value' as a basis for monetary value is a load of hooey.…

Salt was historically considered as valuable as gold during certain periods, particularly in ancient and medieval times. This value stemmed from its critical role in food preservation, flavoring, and its necessity for human health. Here are a few examples: Ancient Rome: Roman soldiers were often paid in salt or given…

Be mathematical, not political.…

I’ve been thinking about this a lot… The combination of Bitcoin/Cashu/Nostr enables the emergence of a global deposit and transfer mechanism that is independent of any existing financial system. That is what I am trying to build with #nostr #safebox. In studying the systems that existed before…