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0 pointsvanviegen8mo ago0 comments

> the non existent "Database driven", uhh money tools.

Are you claiming here that things like banks and stock markets don't exist?

Genuinely curious though; what kind of 'money related features', that have no non-crypto counterparts, are you referring to?

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stale20028mo ago

> Are you claiming here that things like banks and stock markets don't exist?

No, I am claiming that I couldn't spin up a bank or a stock market on my laptop, that is compatible with all the other stock markets, by forking a git repo.

> that have no non-crypto counterparts, are you referring to?

The git repo fork button, that slots right into a whole ecosystem that has 10s of thousands of contributors to it.

Ease of use, and developer experience and existing markets and existing integrations with all of these businesses is a big deal. It doesn't matter if someone could hypothetically spend 1 billion dollars recreating all of that, using a database. Because that would require 1 billion dollars.

kiitos8mo ago

> No, I am claiming that I couldn't spin up a bank or a stock market on my laptop, that is compatible with all the other stock markets, by forking a git repo.

yeah, and that's kind of very much by design -- regulations that prevent this kind of yolo nonsense are a feature and not a bug

stale20028mo ago

> and that's kind of very much by design

Ok, so then Yes I have brought up a valid and in demand usecase, you just don't like it.

Yes the point of all of this stuff is to make this usecase easy. Thats a real usecase. You just don't like that its easy.

kiitos8mo ago

it's in demand by malicious actors, is the point

we used to have markets that worked exactly like what you're describing, it immediately led to disastrous consequences for the broad base of society, and when we figured that problem out, we solved it with rules and regulations specifically designed to prevent abuses

you can suggest reifications of those rules and regulations to make them better, but what you can't do is suggest throwing them out altogether, that's pure regression

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stale20028mo ago

> Are you claiming here that things like banks and stock markets don't exist?

No, I am claiming that I couldn't spin up a bank or a stock market on my laptop, that is compatible with all the other stock markets, by forking a git repo.

> that have no non-crypto counterparts, are you referring to?

The git repo fork button, that slots right into a whole ecosystem that has 10s of thousands of contributors to it.

kiitos8mo ago

> No, I am claiming that I couldn't spin up a bank or a stock market on my laptop, that is compatible with all the other stock markets, by forking a git repo.

yeah, and that's kind of very much by design -- regulations that prevent this kind of yolo nonsense are a feature and not a bug

stale20028mo ago

> and that's kind of very much by design

Ok, so then Yes I have brought up a valid and in demand usecase, you just don't like it.

Yes the point of all of this stuff is to make this usecase easy. Thats a real usecase. You just don't like that its easy.

kiitos8mo ago

it's in demand by malicious actors, is the point

you can suggest reifications of those rules and regulations to make them better, but what you can't do is suggest throwing them out altogether, that's pure regression

1 more reply

j / k navigate · click thread line to collapse