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Banking is, from a software perspective, a graph of connected, double-entry ledgers. On the back end, state changes propagate electronically over old and hoary
by javajosh 6y ago
Banking is, from a software perspective, a graph of connected, double-entry ledgers. On the back end, state changes propagate electronically over old and hoary roads (FTP, as another poster mentioned). The businesses that operate these strange constructs are old and powerful, and jealous of their position of authority. And the modern information age has vastly increased their power, as never before has so much information been available for so many transactions! Money is action is state, so the banks know, modulo cash spending, what literally everyone in the world is doing. If regulation and old tech wasn't there to protect their entrenched interests, the banks would have to invent it.
- anuila 6y agoWhy was this comment downvoted without reason? Is it incorrect? Edit: downvoted for asking a question. Classic HN
- haltingproblem 6y agoI loved this comment for the first two lines. The third line went off the rail in that it transitioned from mapping banking structures to other well known structures to a emotional rant to finally a conspiracy theory. But it has this strange psychedelic quality to it, like a Matt Taibbi article on acid. I could not bring myself to downvote it.
- javajosh 6y agoI was going for a more Lovecraftian "cosmic horror" vibe, but thanks.
- haltingproblem 6y agoYou are welcome, reminder to self - read HP Lovecraft :)
- javajosh 6y agoDo yourself a great favor and read it at night, during a storm, by candle-light.