AC/DC
At the end of the 19th century, there was a war between Thomas Edison and Nikola Tesla over alternating current (AC) and direct current (DC). In the end, direct current is more commonly used in electric transport (subways, trains, trams, etc.), high-voltage power lines, renewable energy systems, household appliances, and computers. Conversely, in other areas, alternating current is used more than direct current.
Thus, the question framed as NOR, i.e., either AC or DC, was simply irrelevant. Both AC and DC have their pros and cons, as well as their areas of application.
It was once considered that every schoolchild should know that:
7 x 8 = 56
So they could use this for manual mathematical calculations.
However, with the advent of computers and smartphones, this has become similar to the necessity of learning Latin or Greek.
A computer, without delving into binary mathematics, arrives at this result by adding the value of seven eight times, or the value of eight seven times:
7 + 7 + 7 + 7 + 7 + 7 + 7 + 7 = 56
8 + 8 + 8 + 8 + 8 + 8 + 8 = 56
In modern accounting, "shortened" operations are used to save manual labor. However, many rules have been developed and are used to work with them. Accountants memorize these rules during their work and then know them like the multiplication table. The final result depends on the combination of these rules. Ultimately, different accountants may arrive at different results when processing the same documents from the same company.
A similar situation can be observed with analog TV and digital TV. In analog TV, all existing information intended for transmission was imposed on the transmitting wave. As a result, different televisions, especially those located in different geographical areas, received information with varying degrees of accuracy/distortion from the same transmitter.
In digital TV, the content is broken down into myriad packets, which are delivered to the specific recipient via myriad routes. This guarantees 100% delivery of all information, regardless of the transmitter and receiver. This is called the TCP/IP protocol.
The Digital Accounting Protocol (DAP) developed by our company, similar to the TCP/IP protocol, guarantees 100% accuracy of the final result. However, its use, like that of TCP/IP, is only possible thanks to computers and a set of simple algorithms.
At the dawn of personal computers, experts in supercomputers saw no need for the former. But now people use both types of computers, as well as smartphones and smartwatches.
Conservative accountants, especially those with extensive experience in traditional accounting, see no sense in the new system. The reaction of young accountants, mathematicians, programmers, and especially entrepreneurs, is WOW!!! This reaction is also seen among "housewives" and ordinary people who have never dealt with accounting before.
I have given numerous lectures.
Once, in Lugano, a friend literally dragged her retired husband on a rope to attend my individual lecture on accounting. Seeing that he was very displeased and even angry with his wife, I offered him: "Sir, let’s do it this way. If within two weeks after the lecture you call me and say you liked it and saw the benefit for yourself, I will send you an invoice for CHF 500. Otherwise, you will owe me nothing!"
After that, he immediately softened, smiled, and happily agreed.
About 40-50 minutes into the lecture, before I even finished, I noticed he was reaching into his pocket, took out his wallet, and laid CHF 500 in cash on the table.
- Sir, you have 2 weeks!
- There’s nothing to think about!!! Thank you! I finally understood how accounting should function!
Ultimately, will the new accounting based on DAP replace the old one, as Digital TV replaced Analog TV, or will they coexist like AC and DC? No one can know. But people should have a choice!
Advantages of DAP accounting:
- Definiteness of the final result
- 100% accuracy
- Transparency
- Simplicity
- Clarity
- Ease of understanding
- Simplicity of learning
- Possibility of 100% automation and, consequently, obtaining results in real-time!
This is particularly evident when working with cryptocurrencies and Forex operations. But ultimately, the same rules apply to all operations—both for liquid and illiquid assets, which were introduced precisely due to manual processing.
Let me repeat once again:
People need to be given a choice!
And those who invest in the development of the New Accounting will win, just as those who invested in Nikola Tesla’s alternating current (AC) did back in the day.
Thus, the question framed as NOR, i.e., either AC or DC, was simply irrelevant. Both AC and DC have their pros and cons, as well as their areas of application.
It was once considered that every schoolchild should know that:
7 x 8 = 56
So they could use this for manual mathematical calculations.
However, with the advent of computers and smartphones, this has become similar to the necessity of learning Latin or Greek.
A computer, without delving into binary mathematics, arrives at this result by adding the value of seven eight times, or the value of eight seven times:
7 + 7 + 7 + 7 + 7 + 7 + 7 + 7 = 56
8 + 8 + 8 + 8 + 8 + 8 + 8 = 56
In modern accounting, "shortened" operations are used to save manual labor. However, many rules have been developed and are used to work with them. Accountants memorize these rules during their work and then know them like the multiplication table. The final result depends on the combination of these rules. Ultimately, different accountants may arrive at different results when processing the same documents from the same company.
A similar situation can be observed with analog TV and digital TV. In analog TV, all existing information intended for transmission was imposed on the transmitting wave. As a result, different televisions, especially those located in different geographical areas, received information with varying degrees of accuracy/distortion from the same transmitter.
In digital TV, the content is broken down into myriad packets, which are delivered to the specific recipient via myriad routes. This guarantees 100% delivery of all information, regardless of the transmitter and receiver. This is called the TCP/IP protocol.
The Digital Accounting Protocol (DAP) developed by our company, similar to the TCP/IP protocol, guarantees 100% accuracy of the final result. However, its use, like that of TCP/IP, is only possible thanks to computers and a set of simple algorithms.
At the dawn of personal computers, experts in supercomputers saw no need for the former. But now people use both types of computers, as well as smartphones and smartwatches.
Conservative accountants, especially those with extensive experience in traditional accounting, see no sense in the new system. The reaction of young accountants, mathematicians, programmers, and especially entrepreneurs, is WOW!!! This reaction is also seen among "housewives" and ordinary people who have never dealt with accounting before.
I have given numerous lectures.
Once, in Lugano, a friend literally dragged her retired husband on a rope to attend my individual lecture on accounting. Seeing that he was very displeased and even angry with his wife, I offered him: "Sir, let’s do it this way. If within two weeks after the lecture you call me and say you liked it and saw the benefit for yourself, I will send you an invoice for CHF 500. Otherwise, you will owe me nothing!"
After that, he immediately softened, smiled, and happily agreed.
About 40-50 minutes into the lecture, before I even finished, I noticed he was reaching into his pocket, took out his wallet, and laid CHF 500 in cash on the table.
- Sir, you have 2 weeks!
- There’s nothing to think about!!! Thank you! I finally understood how accounting should function!
Ultimately, will the new accounting based on DAP replace the old one, as Digital TV replaced Analog TV, or will they coexist like AC and DC? No one can know. But people should have a choice!
Advantages of DAP accounting:
- Definiteness of the final result
- 100% accuracy
- Transparency
- Simplicity
- Clarity
- Ease of understanding
- Simplicity of learning
- Possibility of 100% automation and, consequently, obtaining results in real-time!
This is particularly evident when working with cryptocurrencies and Forex operations. But ultimately, the same rules apply to all operations—both for liquid and illiquid assets, which were introduced precisely due to manual processing.
Let me repeat once again:
People need to be given a choice!
And those who invest in the development of the New Accounting will win, just as those who invested in Nikola Tesla’s alternating current (AC) did back in the day.
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