As I understand it, they use fixed point values in finance, so it's not any worse. You could use arbitrary precision arithmetic if performance wasn't an issue, but it is, and why would you want that anyway?

I can't really comment on scale, but it's been a couple years Russia got kicked out of SWIFT, so they've had time.

[–] freagle@lemmygrad.ml 1 points 3 months ago (1 children)

Russia's not going to develop it on it's own. It would need to be organized internationally through multi-stakeholdership in order to generate the trust required by all the nation. The systems design is one thing, but the political design is something else entirely. Who runs it, who audits it, how they audit it, who can change it, how decisions get made, incident response protocols, breach disclosure agreements, etc. Developing the governance system for it would likely take far more person-hours than developing the technology

[–] CanadaPlus@lemmy.sdf.org 3 points 3 months ago

Yeah, a few other countries are mentioned. Obviously this is do to Russia getting kicked out of SWIFT, given the timing and that SWIFT has been around and used by everyone for decades.

I'm sure governance is a huge job. The political will is definitely there, though.