Nubank acquires Cognitect • Hacker News Board

Re: Nubank acquires Cognitect

#31

Post by myth_drannon » Thu, Jul 23, 2020, 1:21 PM UTC

clj_throwaway wrote: post #27

Throwaway account, for obvious reasons. This is great for nubank, but how is this supposed to work for other users of Clojure and Datomic? Who is really going to be interested in building on top of tech owned by a (new, unknown, regional) bank? Someone said that this is just like Amazon (who would build on top of tech from a bookstore??), but I hope it's obvious the two situations are very different. I expect that I'…

Is it better to be owned by an adtech company (React, Angular, Go)?

Re: Nubank acquires Cognitect

#32

Post by gphil » Thu, Jul 23, 2020, 1:22 PM UTC

scribu wrote: post #20

Did anyone else notice that the biggest non-academic supporters of functional programming seem to be financial institutions? Is it due to the nature of the problem space? Is it because finance people tend to be more analytical? Something else?

I think the answer to both of your questions is yes. I think the related concepts of immutability and pure functions without mutable state allow for cleaner analytical modeling (and in some cases in strong functional languages, mathematical proof) of what that the code is actually going to do in production. That kind of predictability is essential for dealing with financial computations.

Re: Nubank acquires Cognitect

#33

Post by patmorgan23 » Thu, Jul 23, 2020, 1:22 PM UTC

bhurlow wrote: post #25

bananaface wrote: post #22

Earlier quoted context omitted.

[deleted]

Is a "transaction log" not exactly the technical shape of a bank?

It's definitely the shape of accounting

Re: Nubank acquires Cognitect

#34

Post by systems » Thu, Jul 23, 2020, 1:23 PM UTC

Since Nubank, is not in the business of selling software does this mean, they might open source datomic ?

Re: Nubank acquires Cognitect

#35

Post by puredanger » Thu, Jul 23, 2020, 1:23 PM UTC

clj_throwaway wrote: post #27

Throwaway account, for obvious reasons. This is great for nubank, but how is this supposed to work for other users of Clojure and Datomic? Who is really going to be interested in building on top of tech owned by a (new, unknown, regional) bank? Someone said that this is just like Amazon (who would build on top of tech from a bookstore??), but I hope it's obvious the two situations are very different. I expect that I'…

Per https://building.nubank.com.br/welcoming-cognitect-nubank/, "Nubank does not own Clojure, just as Cognitect never owned Clojure. Nubank will take over Cognitect’s role as a corporate sponsor for Clojure, funding the core development effort".

Re: Nubank acquires Cognitect

#36

Post by jacknews » Thu, Jul 23, 2020, 1:24 PM UTC

Will the license change?

Re: Nubank acquires Cognitect

#37

Post by clj_throwaway » Thu, Jul 23, 2020, 1:24 PM UTC

mr_custard wrote: post #28

clj_throwaway wrote: post #27

Throwaway account, for obvious reasons. This is great for nubank, but how is this supposed to work for other users of Clojure and Datomic? Who is really going to be interested in building on top of tech owned by a (new, unknown, regional) bank? Someone said that this is just like Amazon (who would build on top of tech from a bookstore??), but I hope it's obvious the two situations are very different. I expect that I'…

A lot of people don't seem to mind building on top of tech owned and developed by a telecommunications company - Erlang.

Yep, telecomms and banks, very similar dynamics and incentives /s

Re: Nubank acquires Cognitect

#38

Post by thom » Thu, Jul 23, 2020, 1:26 PM UTC

ilikehurdles wrote: post #19

thom wrote: post #5

Earlier quoted context omitted.

That's what they _say_, it's not necessarily the answer to the question.

Well then what would you prefer the answer to be instead?

"Nobody knows"

Re: Nubank acquires Cognitect

#39

Post by clj_throwaway » Thu, Jul 23, 2020, 1:27 PM UTC

myth_drannon wrote: post #31

clj_throwaway wrote: post #27

Throwaway account, for obvious reasons. This is great for nubank, but how is this supposed to work for other users of Clojure and Datomic? Who is really going to be interested in building on top of tech owned by a (new, unknown, regional) bank? Someone said that this is just like Amazon (who would build on top of tech from a bookstore??), but I hope it's obvious the two situations are very different. I expect that I'…

Is it better to be owned by an adtech company (React, Angular, Go)?

If you asked me that 15 years ago, I'd say "no". In hindsight, it sort of makes sense given their objective of increasing time spent online and the quality of the experience.

The proposition here is that nubank will be the first bank to successfully turn into a software vendor. Maybe my worries will be nothing in 10 years, but no one can say its an obvious outcome.

Re: Nubank acquires Cognitect

#40

Post by puredanger » Thu, Jul 23, 2020, 1:28 PM UTC

kamaal wrote: post #30

rel2thr wrote: post #12

Wonder if this makes datomic more likely to become free/open source Not sure what their license revenue is but hard to imagine it would be significant to a major fintech

Also lets hope they acquire cursive ide too and offer it for free. Clojure deserves an IDE for larger adoption.

Clojure has many free IDEs. Many people currently use Emacs w/CIDER, Atom w/Chlorine, Visual Studio w/Calva, Vim w/Fireplace, etc. For that matter, Cursive also has a free non-commercial edition.