Nicholas Pajerski (@nmpajerski) 's Twitter Profile
Nicholas Pajerski

@nmpajerski

Designing the @LedgerAPI

ID: 304384877

linkhttp://nicholaspajerski.com calendar_today24-05-2011 12:31:06

2,2K Tweet

486 Followers

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Night Sea (@nightseastudio) 's Twitter Profile Photo

𝙢𝙞𝙘𝙧𝙤𝙘𝙤𝙨𝙢 has landed in the 𝓤𝓷𝓭𝓮𝓻 𝓝𝓮𝓲𝓽𝓱 exhibition curated by @ForeverProjs! 🛸 An evolving audiovisual soundscape exploring space and time(stretching) 🌌 🌔 Project page foundation.app/collection/mcsm 📅 3/7 at 9a PST / 12p ET 🔭 100 editions

Fragment (@ledgerapi) 's Twitter Profile Photo

Hello world. Fragment, we’re building a double-entry ledger for engineers. Compose any funds flow, turn it into code, embed it in your product, and never get another balance wrong. Until now, fintech companies were built on programmable versions of the single-entry systems

Simon Taylor (@sytaylor) 's Twitter Profile Photo

Solving reconciliation and accounting sounds easy but is super hard (as we see with Evolve, Synapse and the whole saga). It doesn't surprise me to see that Fragment (Fragment) has raised to solve this issue. They quietly have some enormous clients and a thoughtful approach to

scott belsky (@scottbelsky) 's Twitter Profile Photo

In an era of accounting automation and innovation in all sorts of applications involving the management and settlement of funds, pretty cool to watch thomas neckel and the @ledgerAPI team crack this as a service methodically over the last couple years. congrats on launch!

Nicholas Pajerski (@nmpajerski) 's Twitter Profile Photo

Fragment is the smartest way to build your fintech and Scenarios makes it even easier. Reach out at fragment.dev for a demo and of course if you want to continue building this future with us, we're hiring fragment.dev/careers

Fragment (@ledgerapi) 's Twitter Profile Photo

Jareau Nik Trupti Fintech observability is real-time accounting. To know if you’re processing payments correctly you need to: 1. Calculate the money you should have from internal product data 2. Calculate the money you actually have from external bank data 3. Continuously compare the two

thomas neckel (@neckelthomas) 's Twitter Profile Photo

Most ledgers force you to learn a whole new accounting vocabulary before you can use them. Concepts like credits and debits suck because, unlike numbers, they’re hard to reason about. And because they don’t explain why money moved, they’re too imprecise to be reliable. A ledger

thomas neckel (@neckelthomas) 's Twitter Profile Photo

There’s no good way to reconcile payments sent in one currency ($1 USD) with those received in another (€.92 EUR). Whenever things don’t reconcile, they need to be fixed by hand. And because you can’t track revenue, FX exposure, liquidity or balance sheet risk until they’re all

thomas neckel (@neckelthomas) 's Twitter Profile Photo

Ledgers make money programmable. They can be a bank, brokerage, marketplace or whole economy just by changing the instructions they’re given. But they’re written in a language (accounting) that’s foreign to most engineers. In lieu of ledgers, they rely on spreadsheets and custom

thomas neckel (@neckelthomas) 's Twitter Profile Photo

Why do most fintech balances go wrong? Because the fund flows that update them don’t do accounting. Why don’t they do accounting? Because those flows are written in code. And the people writing the code are engineers, not accountants. The way to solve balances is not to force

thomas neckel (@neckelthomas) 's Twitter Profile Photo

For scaling fintechs, a real-time ledger isn’t enough. It also needs be high throughput. Why? Because every entry updates different accounts. And different accounts serve different audiences. You may need strong consistency for user accounts and high throughput for revenue

thomas neckel (@neckelthomas) 's Twitter Profile Photo

Elon Musk The way to solve this database communication problem is turn all these ad hoc payment flows into code and centralize them in a programmable database for money. The mother of all databases for money.