tmornini_ey

> it is always deflationary

Except for the fact that it is currently, and always has been, inflationary.

You need to learn more about economics.

Inflation/Deflation is a separate phenomenon than rising/falling value — though they are sometimes related.

> converting to a different currency, sending money, and converting it back

No need if you earn and spend it.

> You also get the volatility of bitcoin

Absolutely true in the short term, absolutely false in the long run. Bitcoin's volatility has statistically declined as its usage has increased.

> using it for a simple USD->USD money transfer is like using a jackhammer when you need a scalpel

Cannot argue there. The key is to stop using USD whenever possible.

Millions of people collectively losing hundreds of millions of dollars a year is less than $1/month individually.

Are you suggesting that nobody should class themselves as a developer, and/or that as self-identified developers, who I can agree are just people with a range of skills (and I never suggested otherwise), we should not attempt to write a document attempting to explain accounting to other self-proclaimed developers, who, in our decades of experience, tend to have certain viewpoints, vocabulary, and interests in common?

Finally, while I'm delighted that you agree the title isn't absolutely fascist (which you never claimed in the original post and suggest in your response it to be partially), racist or sexist, I'm entirely baffled as to why you felt compelled to post a comment stating it in absolute terms in the first place.

Thanks, happy you were not referring to our document! :-)

Sales (Incomes) are clearly equity, with Expenses being contra-equity. Not sure how anyone could come to any other conclusion, but I'll read the article and it'll probably become clear. :-)

We left all three open for commenting, which we've now disabled.

If you're suggesting accounting should be associated with deceit, you've got the cart pulling the horse!

I assume this is a joke, but if not, let's discuss.

Subledger would love to help you build that!

Thank you, could not have answered this better myself!

Also, it's by-developer, for-developer, so there's a developer's perspective as well. :-)

Thanks for your input!

We never intend to be competitive with the product layers you've described.

We've deliberately built Subledger to enable other developers to build focused custom accounting applications above us. :-)

We believe it's time to move beyond one-size-fits-all approach to accounting! :-)

Thanks for your feedback. We felt it was for developers are we're developers and this is the way we've come to describe and understand it having built Subledger.

Your point is excellent and we'll steer toward developers in the future.

Exactly correct, very nicely said!

So sorry we couldn't get you across the finish line -- you seem to be right in our target audience. :-(

> To me, accounting is a data model gone wrong. Redundancy, race conditions, unclear semantics, too generic...

I felt this once (though don't see the race conditions) but I now know there is no redundancy, the semantics are very good, and the genericity is a gigantic benefit.

Yes, in the article we describe this as from/to. :-)