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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA00828940: Joi Ito, Minor and Forced (DS9)

CorrespondenceDate unavailableEFTA008289401 keyword hits
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This document is an email exchange dated April 23, 2016 between Joi Ito and another party discussing a rough draft paper on accounting and bookkeeping, with discussion of contract valuation, forced trading scenarios, and critiques of complex accounting systems, containing only tangential references to minor accounting concepts.

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PersonKeyword
Excerpt 1
idea or suggestions Reinventing Bookkeeping and Accounting EFTA00828940 Double-entry bookkeeping was deployed in its modern form in the 1300s and while **minor**
Excerpt 2
The contract will actually never pay out $500 - it will either be worth zero or a million dollars in the end, but if you were **forced** to trade it today,
Excerpt 3
of the symptoms without taking a shot at eliminating one of the root causes of the impossibly complex and outdated system that we've build on a clever **trick**

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