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Is it so hard to imagine that an IT system would have bugs?



By analogy: think about how a preemptive multitasking OS with protected virtual memory means that a misbehaving user process cannot bring down the machine: the kinds of bugs in user programs in the time of DOS or Windows 3.0 that would destroy the world (e.g. a user process overwriting kernel memory, or a single-threaded user process failing to yield to the kernel) just can’t happen with a modern kernel.

The same kinds of security and safety guarantees that stem from the overall system architecture can exist in banking systems - that’s my point.

So yes, until everyone switches to Haskell we will always have bugs - but the kinds of bugs can be limited - as can the scale of their impact - with good system design.


I (and for what it's worth also regulators) expect that a bank has procedures in place to catch bugs that lead to such "mistakes".




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