Errata 

20190401 DLT Error Warning! 

All references to Distributed Ledger Technology (DLT) the week preceding April Fool's Day 2019, were erroneous. DLT, by definition, would require vast computing resources to build and serve a securely distributed, fully open CRMS platform, thus by comparison DLT inflicts a ginormous environmental footprint and is a waste of valuable energy and computing resources that could otherwise be used for open accounting and supply chain management. 

DLT consensus algorithms (mining, proof of work, proof of stake, voting, etc.) directly implicate real-life identification, open access, and public accounting for fair resource ownership and distribution to real humans. DLT cryptocurrencies, at the time of this writing, operate primarily as a ponzi-scheme playground for FinTech to pump and dump capital investments from small time, uninformed passive gain-seekers, who for liquidity must exchange their DLT token/currency for state/market money and taxes, or shuffle it around currency exchanges into a Paradise-Papers ether[eum]— far from open accounting and exchange solutions that build healthy social networks and sustainable ecology at scale.

Unfortunately, DLT, FinTech and DeFi, tend toward pushing financial secrecy ever deeper into darkness and state/market corruption. DLT terminology and related whitepapers are overly complicated, and company advert promotions promising anonymous accounts and transactions mislead the uninformed into speculative bubble traps, perpetuating social isolation, income disparity, ecosystem destruction and Bullshit Jobs: A Theory, (Graeber, 2018). Bonus: Debt, The First 5000 Years. (2011) Peace, David.

DLT blockchains are public records, but the transaction information within the blockchain remains encrypted and the endpoints (real parties of interest) may be undiscoverable. Imagine how much more productive and sustainable it would be to allocate existing FinTech DLT computing resources for a no BS CRMS social network that delivers real open accounting and public decision-making capacity!?

We propose using the term, Public Ledger Technology (PLT) to differentiate CRMS open transaction protocol from Distributed Ledger Technology (DLT) use cases of FinTech and DeFi cryptocurrencies. References available. RFC, 20190423, 20200420, 20200826 --kb

The Digital Rage of the Accountancy Age

The scramble of FinTech to maintain control over dark money processes under the guise of "DeFi and Open Finance," using terms like "inclusion," abound everywhere. But neither open source nor the offer of inclusive participation can be equated with open accounting and socioeconomic fairness. Without open accounting and public disclosure of who actually owns what in the game of high finance, there is no way to really know who is who, or who shadows who in a trustless anti-social global secrecy network. As the FinTech DeFi space implodes in the face of ecological reality, expect the struggle over fairness for the average bloke, even most rich folk, to intensify. Nobody wants to come clean until the clean up is done. But will there be anything left to write home about with all fairness gone?

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