Earlier quoted context omitted.
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…
Would it be legal to somehow partner with an existing bank / found a legally independent one with ties?
OVH CEO: Unlike Amazon, Google, “we will never be in competition with you”
71–80 of 198 posts
Re: OVH CEO: Unlike Amazon, Google, “we will never be in competition with you”
#72Indeed, OVH UI is slow and bulky. I moved to Hetzner for a lot of things. Even cheaper, had one server issue, but quickly fixed by their support ( a bios to upgrade ), their UX is simple but efficient. Any other opinion on them?
(I run a bunch of virtual machines, each with a real public IP exposed.)
Re: OVH CEO: Unlike Amazon, Google, “we will never be in competition with you”
#73ClickHouse costs us 100K per month, all deployed on OVH. 100-200ms query latency.
Re: OVH CEO: Unlike Amazon, Google, “we will never be in competition with you”
#74Earlier quoted context omitted.
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.
What's the best cdn right now? Cloudfront is just expensive as hell.
Re: OVH CEO: Unlike Amazon, Google, “we will never be in competition with you”
#75Important 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…
Re: OVH CEO: Unlike Amazon, Google, “we will never be in competition with you”
#76Earlier quoted context omitted.
Yeah their UI is beyond useless. Their support is beyond useless. Can't even cancel my servers, but everything else was great. Ended up having to use their API to cancel the server, since support wouldn't cancel the server for me - here is an actual email they sent me: https://pbs.twimg.com/media/DY2rWiLU8AA_mKt.jpg:large
OVH is also notorious for being very slow to respond to abuse reports. They've been one of the favorite VPS providers for botnets, exploit kits, and other cybercrime activities as of a few years ago, and may still be.
Which is a big plus because when using AWS or DO there is always that small question in the back of my mind "what if somebody gets angry at me and fires abuse reports to shutdown my server"
I don't have that on OVH. Getting good IP reputation is fairly easy too compared to AWS or DO.
Re: OVH CEO: Unlike Amazon, Google, “we will never be in competition with you”
#77Earlier quoted context omitted.
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.
What's the best cdn right now? Cloudfront is just expensive as hell.
Re: OVH CEO: Unlike Amazon, Google, “we will never be in competition with you”
#78Earlier quoted context omitted.
We run a chunk on OVH too. It is over 100X cheaper than AWS. We have had some issues though. OVH had two major outages in the last two years. Our strategy has been to build a more robust distributed architecture and use these issues to be "antifragile," which improves our product while as still saving money. Over time I expect OVH to become more solid as they mature.
It seens OVH was launched in 1999. That’s quite a long time for them to mature :)
Every major platform had outages in the last 2 years - Amazon many times, google cloud also.
Re: OVH CEO: Unlike Amazon, Google, “we will never be in competition with you”
#79Re: OVH CEO: Unlike Amazon, Google, “we will never be in competition with you”
#80Earlier quoted context omitted.
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…
> wasted 15 minutes 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 Republ…