Ledger: Stripe's system for tracking and validating money movement
1–10 of 43 posts
Re: Ledger: Stripe's system for tracking and validating money movement
#2For those curious, YC funded an open source financial ledger company in S21: https://github.com/formancehq/stack
Re: Ledger: Stripe's system for tracking and validating money movement
#3For those curious, YC funded an open source financial ledger company in S21: https://github.com/formancehq/stack
It is actually a very good product.
Re: Ledger: Stripe's system for tracking and validating money movement
#4I'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.
Re: Ledger: Stripe's system for tracking and validating money movement
#5How is Stripe doing? There seems to be less HN front page news about Stripe these days.
Re: Ledger: Stripe's system for tracking and validating money movement
#6I'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…
> have read several practical guides on ledgers and found them interesting reads
Can you share some links?
Re: Ledger: Stripe's system for tracking and validating money movement
#7How is Stripe doing? There seems to be less HN front page news about Stripe these days.
Things that just work quickly become boring and untalkworthy. Stripe is still king.
Re: Ledger: Stripe's system for tracking and validating money movement
#8I'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…
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.
Re: Ledger: Stripe's system for tracking and validating money movement
#9I'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…
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.
Re: Ledger: Stripe's system for tracking and validating money movement
#10> Even when we have billions of transactions, a single missing, late, or incorrect transaction immediately creates a detectable accuracy issue with a simple query—for example, “Find the clearing Accounts with nonzero balance.”
How do you deal with float, transactions where the first leg happens in T+0 but settlement is done in T+N ? Do the clearing accounts have a flag/mark allowing for a nonzero balance?