Comment by p4bl0

Interesting article, thanks for sharing! I believe the things it explains are very important, and not only in fintech. A few years ago, even in the case of trying to keep track of a small organisation spendings and incomes in a spreadsheet I had some of the problems that are mentioned in the article and had to completely rethink and remake the spreadsheet in order to make it actually work.

But apart from the technical points, another interesting thing in the article is its introduction and what it says there about money as a concept. Yes, money is debt, both philosophically and technically it is the right way to think about it. And I believe that's something the crypto-assets industry and enthusiasts as a whole fundamentally gets wrong (mostly because of the libertarian political point of view blockchain tech has been designed with).