I like the honesty of this slide from @a16z's magazine. Layer 6 of the distributed finance stack is unquestionably a hotbed of innovation. https://future.a16z.com/open-source-financial-services/ …pic.twitter.com/JFvTjM2u0Q
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Eh. An appropriate analogy would be that the bank's built of mud and thatch. Yes, steel is old, and roughly as new re:mud as python is to cobol... Probably newer.
COBOL gets financial arithmetic right. I feel pretty comfortable speculating that python does not. There are subtleties. At a guess python in fact just gives you whatever the local floating point libraries give you, so not only wrong, but not even consistent.
I would not be surprised to learn that such standards they want in the 2nd image already exist, and the author is either ignorant of them or ignoring them because they can't make money off a solved problem.
Said a man who uses 1990 servers for his site and drives a 1960 car. Sheeeesh
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