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Seeing a comment like this on HN shows the risk here. If people here don’t understand the difficulty in scaling to meet huge spikes in demand, how are ordinary
by snowwrestler 6y ago
Seeing a comment like this on HN shows the risk here. If people here don’t understand the difficulty in scaling to meet huge spikes in demand, how are ordinary retail investors supposed to understand it?
It’s one thing to handle “a trade.” It’s another thing to handle everyone trying to trade at exactly the same second. We already saw broker apps have issues this week just on handling the buy volume. The sell volume will be far higher.
And I mentioned counterparties too. Even if the technology works, you can’t sell if everyone else is selling too.
- jen20 6y agoI spent many years building exactly this technology. It's hard, but it is (or should be) table stakes for the industry. The risk of not finding a counterparty to which to sell is different - and real - which is why I did not disagree with that aspect of your post.
- snowwrestler 6y agoMultiple online brokers had outages this week and blamed volume. Whether or not it should be possible, it seems possible.
- themaninthedark 6y agoDidn't Parlor just get shutdown because they did not moderate their user base comments fast enough? If we hold a social media company liable for not being able to scale fast enough shouldn't a company offering financial services be held to at least that level of standard?