4 ms·

This seems ridiculously complicated and unnecessary for something that should be as easy as having a proper RDMS that is ACID compliant. I guess now we have one

by zo1 6y ago

This seems ridiculously complicated and unnecessary for something that should be as easy as having a proper RDMS that is ACID compliant. I guess now we have one additional reason why banking has stagnated for so long.

nurettin 6y ago
It is complicated, but necessary. You will get to the ridiculous part once you realize that executing brokers don't care about your acid guarantees or whatever.
- zo1 6y ago
  Thanks for the info - I didn't realize we were discussing distributed transactions with external brokers/banks.
  - KptMarchewa 6y ago
    Banking is integrations with literally hundreds different external systems.
- DonHopkins 6y ago
  Are we discussing HSBC bankers or Silk Road LSD dealers?
  - deleted 6y ago
    [deleted]
  - nurettin 6y ago
    I suspect ACID doesn't help either of them.
kilburn 6y ago
Just in case you (or someone else) don't know why you are being downvoted, I'll give you a few reasons: - Banks have to put these double-checking and reporting systems in place because the law mandates them to. No amount of ACID compliance in your database is freeing you from that. - These requirements are not stupid either: assuming you had a perfect system with perfect ACID compliance and 0 bugs ever (which we all know is impossible), a random hardware failure (or cosmic ray) can flip a bit somewhere and you are screwed. - Your comment reads as extremely condescending, which is never good to get your point across. - Not only that, but you dismissed the work of some of the best people money can buy in two sentences with 0 rationale. Next time you think you know better than an entire extremely well funded industry, think again, and again, and again. If you are still convinced you know better, please open shop because if you are right you'll not just make yourself the next self-made billionaire, but also probably improve our lives in the process.
- matt_d_rat 6y ago
  This comment gives me hope that there are at least some decent people on Hacker News. Every time I read an article here I am put off from participating further because the comments are usually filled with toxic spew from peacock fan boys Who think they know better. You have my up vote.

by zo1 6y ago

nurettin 6y ago

It is complicated, but necessary. You will get to the ridiculous part once you realize that executing brokers don't care about your acid guarantees or whatever.

zo1 6y ago
Thanks for the info - I didn't realize we were discussing distributed transactions with external brokers/banks.
- KptMarchewa 6y ago
  Banking is integrations with literally hundreds different external systems.
DonHopkins 6y ago
Are we discussing HSBC bankers or Silk Road LSD dealers?
- deleted 6y ago
  [deleted]
- nurettin 6y ago
  I suspect ACID doesn't help either of them.

kilburn 6y ago

Just in case you (or someone else) don't know why you are being downvoted, I'll give you a few reasons: - Banks have to put these double-checking and reporting systems in place because the law mandates them to. No amount of ACID compliance in your database is freeing you from that. - These requirements are not stupid either: assuming you had a perfect system with perfect ACID compliance and 0 bugs ever (which we all know is impossible), a random hardware failure (or cosmic ray) can flip a bit somewhere and you are screwed. - Your comment reads as extremely condescending, which is never good to get your point across. - Not only that, but you dismissed the work of some of the best people money can buy in two sentences with 0 rationale. Next time you think you know better than an entire extremely well funded industry, think again, and again, and again. If you are still convinced you know better, please open shop because if you are right you'll not just make yourself the next self-made billionaire, but also probably improve our lives in the process.

matt_d_rat 6y ago
This comment gives me hope that there are at least some decent people on Hacker News. Every time I read an article here I am put off from participating further because the comments are usually filled with toxic spew from peacock fan boys Who think they know better. You have my up vote.