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I'm not sure who is the audience of this article. I've worked in fintech and have read several practical guides on ledgers and found them interesting reads. In
by ericyd 3y ago
I'm not sure who is the audience of this article. I've worked in fintech and have read several practical guides on ledgers and found them interesting reads. In contrast, this one is laden with overly verbose language whose meaning is unclear, such as
> Transaction-level fund flows give us powerful tools to reason about complex interconnected subcomponents.
This article reads as a fluff piece for investors to me; it's primary purpose seems to be boasting about their own quality while offering only the smallest of breadcrumbs about the underlying system.
I'd be curious if others have a different read, and found this to be more insightful/interesting, and why.
- ian0 3y ago> have read several practical guides on ledgers and found them interesting reads Can you share some links?
- milesskorpen 3y agoModern Treasury has some great docs: https://www.moderntreasury.com/learn/what-is-a-ledger https://www.moderntreasury.com/learn/what-is-a-ledger
- ericyd 3y agoI'm fully aware of how unsatisfying this reply is, but unfortunately I can't seem to find links. It's been a few years since I was deep diving into ledgers and I must have cleared my bookmarks from that time.
- dghlsakjg 3y agoStripe strongly encourages writing for its own sake. So much so that they run their own press. I suspect the intended audience is whoever is curious for a medium depth primer in what a ledger looks like for a company handling billions of transactions. As someone in payment tech I found it very interesting.
- ilganeli 3y agoHello! I am the author. Thank you for the comment. While Stripe does love to write, I think our core premise here was that being able to reason mathematically about independent distributed systems was a unique application of a ledger. Likewise, we think the data quality offering is a unique extension since it gives us tools to make improvements to our systems over time.
- newZWhoDis 3y ago[flagged]
- 15457345234 3y agoI had to read it a few times too, I'm still not entirely convinced that "being able to reason mathematically about independent distributed systems was a unique application of a ledger" actually parses into anything. Is 'being able to reason' an 'application of a' ? It looks... off
- pests 3y agoTheir application of a ledger allows the reasoning
- leviathant 3y agoThis must be what it's like when someone overhears me and a colleague talking about enterprise ecommerce integration on our way to get lunch.
- ericyd 3y agoI appreciate the reply. I think I would have appreciated a more clear description of how you are reasoning mathematically about your distributed systems. Simply claiming that you can and do is fine, but as an engineer I would have loved more practical examples. The only part that I found which touched on this was when you described how to find clearing errors by simply searching for clearing accounts with a non zero balance. Are there other examples of mathematically reasoning that you could share? I don't need/expect a reply here, this question is rhetorical to demonstrate how I think this article could have been stronger for me.