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comment by nil
nil  ·  227 days ago  ·  link  ·    ·  parent  ·  post: How Does the Stock Market Work? [1983]

That seems like it would be a pain in the ass.

What if a lot of people want to place a trade at once?

That's obviously why people are always yelling, but who's recording it? Who says yelling means it's public?

No running - is speed walking allowed? A light jog?

Cue black Tuesday.

kleinbl00  ·  227 days ago  ·  link  ·  

Square, Venmo and the like only exist because up until October 28 2004, banks had to be in physical possession of the check in order to draw on it. This requirement provided for generations of pilots to earn their instrument hours as every night, millions of checks in thousands of light aircraft criscrossed the sky in order to support the banking industry.