Securitization is a good example of a finance hack but I have to mention that it is half a century old innovation. Ofcourse, C/C++ is also about that age and people still talk about it on HN (mostly to proclaim its dead, but very frequently about some amazing and impactful projects based on it that still go strong)
But this brings to a second peculiarity of the financial world of today that makes it less fitting for an open discussion forum of (aspiring) fin-techies like HN. Its very proprietary, secretive and dominated by a few megaplayers (pick any subdomain: banking, asset management, trading platforms, credit ratings, credit scoring etc. there is some oligopoly milking it and they are not about to open it up to random DIY hackers)
One area that was quite intriguing for a while and maybe conducive to a more decentralized discourse (but predictably hasn't gone anywhere) is peer-to-peer lending.
p.s. my parent comment is downvoted even if it is about the only one in this thread that doesn't pitch some stonks forum or another. Alas, the milking machine is well oiled...
But this brings to a second peculiarity of the financial world of today that makes it less fitting for an open discussion forum of (aspiring) fin-techies like HN. Its very proprietary, secretive and dominated by a few megaplayers (pick any subdomain: banking, asset management, trading platforms, credit ratings, credit scoring etc. there is some oligopoly milking it and they are not about to open it up to random DIY hackers)
One area that was quite intriguing for a while and maybe conducive to a more decentralized discourse (but predictably hasn't gone anywhere) is peer-to-peer lending.
p.s. my parent comment is downvoted even if it is about the only one in this thread that doesn't pitch some stonks forum or another. Alas, the milking machine is well oiled...