being a CSO today is like being a CFO before accounting was invented

Patrick McKenzie @patio11 “Accounting controls” has to be way, way up there on the list of “systemically important technologies that almost no one would say One Of The Most Important Things Ever Invented.”

This is about 60% of the reason why Bitcoin exchanges keep blowing up while everyone looks on.

Keynote by Thomas Dullien, author of “A decisionmakers guide to buying security appliances”

Note: he uses Finance as his analogy, and Finance =/= Accounting, but still:

Promote the person that adds most complex, hard-to-value derivatives with tail risks to the balance sheet