41–50 of 198 posts
I run https://wtfismyip.com on OVH. Egress bandwidth exceeds 8TB a month, which on AWS could cost ~$1000/month, not including the cost of the beefy EC2 instance I would need. For some bandwidth heavy use cases, OVH makes a lot more sense than AWS. In my case it was $150/month versus $2000/month (bandwidth + EC2).
I run https://wtfismyip.com on OVH. Egress bandwidth exceeds 8TB a month, which on AWS could cost ~$1000/month, not including the cost of the beefy EC2 instance I would need. For some bandwidth heavy use cases, OVH makes a lot more sense than AWS. In my case it was $150/month versus $2000/month (bandwidth + EC2).
AWS bandwidth costs are obscene. They compete on price so well on most other fronts, but for some reason they just completely overcharge on bandwidth. It makes using them without a CDN cost prohibitive and drives a lot of use cases away from them.
I think it's safe to say that Amazon's ambition is unlimited at this point in time. I fully expect them to jump into commercial banking in the near future
So there are fairly strong regulations on what other things a bank can do. I can't remember exactly what it entails. It's possible Amazon could get around that with holding company structure or something, but I'm not sure. I agree with your general point though, maybe just not the bank part. Edit1: It's not reg W, damn I cannot remember which section describes this. There's too many bank regs in the US. Edit2: ok 12…
I used to work in a securities firm owned by a bank holding company in a role requiring being registered as a securities principal (legally responsible to supervise). It still took me several minutes to remember which regulations to look up.
Amazon doesn’t have a snowball’s chance in hell of working around these regulations with the current administration. Trump hates Bezos. With a moderate Republican in power, they might be able to lobby their way to creating the precise loophole they needed (which would require legislation).
I’ve been a customer of theirs for years. Till now I still have to manually key in my credit card details to renew my servers every few months. So yeh, their CEO’s probably right.
This is a nice PR bit, but I wonder if it really matters? I would be very reluctant to do a startup centered on, say, GMail or Amazon Marketplace as a platform. If you get too successful, it's too easy for them to say, "Hey, here's a proven high-value business for us to get into." And then they have my customer right there, so I'm screwed. (An example that comes to mind is Swype. They invented the swipeable virtual k…
> This is a nice PR bit, but I wonder if it really matters? Over the last year I've seen a huge push to move away from AWS from retail clients. Azure is a lot more appealing because Microsoft doesn't compete with them.
Microsoft was famous for doing the same thing: http://www.paulgraham.com/road.html
> There is all the more reason for startups to write Web-based software now, because writing desktop software has become a lot less fun. If you want to write desktop software now you do it on Microsoft's terms, calling their APIs and working around their buggy OS. And if you manage to write something that takes off, you may find that you were merely doing market research for Microsoft.
Important notes about OVH: -I'm a customer for about ~2 years. -I was "just" using OVH object storage, and was considering other OVH services. -I'm all about "cheap,cheap,cheap" -OVH is super-cheap, which is good. -I want OVH to "win". OVH doesn't want to "win". Because.. -OVH is super-confusing. Interface, website, billing, everything. -website uses esoteric design conventions. A European thing? I don't know. -feels…
The UI is good enough to set up the storage once and then not ever touch it again. I also enjoy when it randomly switches to French.
And true about the random French switching.
Earlier quoted context omitted.
There's a lot of banking regulations but Amazon has enough money to either buy an existing online solution or develop their own
In the US, owning a bank changes the regulatory status of the entire legal entity structure. This cannot be evaded with shell companies, etc. Specifically, “any company that controls a bank” is a Bank Holding Company and is regulated by the Federal Reserve (regardless of where the controlled bank is chartered). Being regulated by the Fed is a big deal and they can and will poke around in your non-bank subsidiaries (w…