[walterbell]

> Operating agreements will be codified in software and organizations can operate entirely transparently with a degree of accountability never before seen.

Are there any articles or papers which explain why Bitcoin is better than alternative implementations of transparent accounting? E.g. existing access control can be used to make accounts available to any subset (all the way up to public) of interested parties. Techniques are available for append-only data stores. What does Bitcoin uniquely bring to the table?

[smokeyj]

https://github.com/bitcoin/bips/blob/master/bip-0032.mediawi...

I think the main advantage to a blockchain solution is the cryptographic verifiability. Not only is the accounting accurate, but the funds cannot be forged or hidden. Also the rules for managing funds can be programmatically encoded using a series of technologies such as multi-sig keys, pay-to-script-hashes, and HD Keys.

[walterbell]

Thanks for the explanation and wallet pointer.

[smokeyj]

No problem. Here's an open source implementation by bitpay https://copay.io using their open source framework http://bitcore.io

This isn't pie in the sky tech. It's real and accessible from your mobile browser today. Pretty exciting times I think.

[dragonwriter]

Funds can be hidden as soon as they are converted from bitcoin to other goods and services.