{"id":10867,"date":"2017-07-06T18:04:28","date_gmt":"2017-07-06T22:04:28","guid":{"rendered":"https:\/\/www.duck9.com\/?p=10867"},"modified":"2017-07-07T00:09:50","modified_gmt":"2017-07-07T04:09:50","slug":"zelkova-ventures-dan-jeffries-and-triple-entry-accounting-help-keep-us-from-getting-david-duncand","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/zelkova-ventures-dan-jeffries-and-triple-entry-accounting-help-keep-us-from-getting-david-duncand\/","title":{"rendered":"Zelkova Ventures, Dan Jeffries, and Triple-Entry Accounting Help Keep Us From Getting David Duncan’d"},"content":{"rendered":"
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By Larry Chiang<\/div>\n
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I am sexy. I’m very very sexy. So, I can venture into Cryptocurrency and Accounting. It’s computer science meets the history’s sexiest subject. Combing both together does not double the difficulty, it 10x’s the complexity. <\/span><\/p>\n

Ok, let’s nibble…<\/p>\n\n\n\n\n
<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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7\/6\/17, 2:26 PM<\/font><\/a><\/div>\n
This Important Invention Straddles Cryptocurrency and Accounting #tripleEntry<\/a> #cs183fanfe<\/a>hackernoon.com\/why-everyone-m\u2026<\/a> pic.twitter.com\/nQdMWNI00A<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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When you’re straddling, you are having to conform and optimize both the crypto and the accounting. It’s tough to straddle. Straddling requires you to excel at a duality 
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Credit underwriting and risk mitigation are related. Triple entry accounting is a risk mitigation method. Duck9 straddles the consumer side of credit scoring while simultaneously helping credit card banks do underwriting. <\/span><\/p>\n

Finance and Accounting for Non Financial Execs (#cs183FANFE) is where the double entry is glossed over. <\/span><\/p>\n\n\n\n\n
<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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7\/6\/17, 2:12 PM<\/font><\/a><\/div>\n
#cs183FANFE<\/a>
\n“The Most Important Invention in the Last 500 Years\u201d by @Dan_Jeffries1<\/a> #cs183bc<\/a> hackernoon.com\/why-everyone-m\u2026<\/a> pic.twitter.com\/Dir94T8ok9<\/a><\/span><\/font><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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7\/6\/17, 2:15 PM<\/font><\/a><\/div>\n
Accounting is like a compression algorithm for money where credits debits gets complicated.  hackernoon.com\/why-everyone-m\u2026<\/a> pic.twitter.com\/oLiRdrH8jJ<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\nProblem<\/b>. A lot of times, the books are cooked. 
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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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7\/6\/17, 2:17 PM<\/font><\/a><\/div>\n
I will suspend my disbelief that a Chinese uncle did not invent “single-entry” accounting  hackernoon.com\/why-everyone-m\u2026<\/a> pic.twitter.com\/91bPKTAttK<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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7\/6\/17, 2:19 PM<\/font><\/a><\/div>\n
Maybe a Chinese uncle invented double entry? hackernoon.com\/why-everyone-m\u2026<\/a> pic.twitter.com\/FCoBBaEsm0<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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7\/6\/17, 2:23 PM<\/font><\/a><\/div>\n
#DavidDuncan<\/a> hahahahahahahaaaa #M2M<\/a> “double entry accounting” #cs183fanfe<\/a> #MarkToMarket<\/a>hackernoon.com\/why-everyone-m\u2026<\/a> pic.twitter.com\/tu4z28HFD5<\/a><\/span><\/font><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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9\/28\/15, 8:56 PM<\/font><\/a><\/div>\n
#CS183C<\/a>\u2019s forked Fork, \u201c#cs183fanfe<\/a>\u201d, which you pay for with profits from #cs183e<\/a> \u2026tteachyouatstanfordbusinessschool.com\/blog\/2015\/09\/2\u2026<\/a> pic.twitter.com\/fnzJkYjJD9<\/a><\/span><\/font><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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<\/td>\nZelkova Ventures (@ZelkovaVC<\/a>)<\/b><\/td>\n<\/tr>\n
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11\/14\/16, 2:23 PM<\/a><\/div>\n
Do your accounting & finance yourself, don’t rely on your accountant via @JasonDemant<\/a> #LaunchScale<\/a> pic.twitter.com\/Pj8TujwAF4<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang I am sexy. I’m very very sexy. So, I can venture into Cryptocurrency and Accounting. It’s computer science meets the history’s sexiest subject. Combing both together does not double the difficulty, it 10x’s the complexity.  Ok, let’s nibble… Larry Chiang (@LarryChiang) 7\/6\/17, 2:26 PM This Important Invention Straddles Cryptocurrency and Accounting #tripleEntry #cs183fanfehackernoon.com\/why-everyone-m\u2026 pic.twitter.com\/nQdMWNI00A When you’re […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-10867","post","type-post","status-publish","format-standard","hentry","category-credit-underwriting-risk-mitigation"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/10867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=10867"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/10867\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=10867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=10867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=10867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}