The bet from various industry leaders appears to be that the current generation of engineers will be the last who will ever need to think about complex systems and engineering, as the AI will just get good enough to do all of that by the time they retire.

> It's just multiple computers keeping a balance. It's not complicated.

It wouldn't be hacker news without a comment like this. I haven't personally worked in finance, but I've had a lot of friends do it.

It _absolutely_ is complicated. It's not too complicated for a nation or the EU to do it in house, but no, there's a bit more there than "Claude make me a ledger"

"regulate them" has mostly translated to "tax the most successful players in the form of non-compliance fees from byzantine EU regulatory structures".

I don't think the thing holding back Europe's tech market is that the US encourages allies to not allow backdooring proprietary software, or the cries that it's unfair that the US doesn't strangle their own tech market with equally burdensome regulation. The problem Europe's tech industry has faced is that the EU killed it in the crib with regulations, and now there's more fear of "what if there are bad side effects in being successful" than there is fear of never being successful.

Yes, it'd be great if there was a thriving market of mid-sized EU tech companies working in a well-regulated and consumer friendly market. There just isn't, though. I'm generally a fan of Doctorow, but the idea that the EU is just a few hackers reverse-engineering a new client for teams/youtube/whatsapp away from that world is hard for me to see.

Growing up in the internet age (I'm 28 now) it took me until well into my 20s to realize how many classes of problems can be solved in 30 seconds on a phone call vs hours on a computer.

I was there at the time, for anyone outside of the core networking teams it was functionally a snow day. I had my manager's phone number, and basically established that everyone was in the same boat and went to the park.

Core services teams had backup communication systems in place prior to that though. IIRC it was a private IRC on separate infra specifically for that type of scenario.