Live data from Hacker News

Ledger: Stripe's system for tracking and validating money movement

stripe.com

21–30 of 43 posts

Re: Ledger: Stripe's system for tracking and validating money movement

#21
post #9

Earlier quoted context omitted.

Stripe 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.

Hello! 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.

[flagged]

Re: Ledger: Stripe's system for tracking and validating money movement

#23

How is Stripe doing? There seems to be less HN front page news about Stripe these days.

Internally, pretty messy, lots of burn out. Some of the big names they hired and the products they championed flamed out or became irrelevant.

However, they still have decent numbers to show their investors.

Re: Ledger: Stripe's system for tracking and validating money movement

#24
post #9

Earlier quoted context omitted.

Stripe 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.

Hello! 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.

This must be what it's like when someone overhears me and a colleague talking about enterprise ecommerce integration on our way to get lunch.

Re: Ledger: Stripe's system for tracking and validating money movement

#26
post #2

For those curious, YC funded an open source financial ledger company in S21: https://github.com/formancehq/stack

Did they implement Interledger Protocol (ILP) for their traditional or digital asset ledger? https://interledger.org/developers/rfcs/interledger-protocol...

Re: Ledger: Stripe's system for tracking and validating money movement

#28
post #9

Earlier quoted context omitted.

Hello! 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.

[flagged]

I 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

Post reply on HN