Seems like more testing is in order: > Upon the outage, both banks immediately activated IT disaster recovery and business continuity plans. > "However," according to Tan, "both banks encountered technical issues which prevented them from fully recovering their affected systems at their respective backup datacenters – DBS due to a network misconfiguration and Citibank due to connectivity issues." Perhaps regularly fl…
Overheating datacenter stopped 2.5M bank transactions
11–20 of 91 posts
Re: Overheating datacenter stopped 2.5M bank transactions
#12Seems like more testing is in order: > Upon the outage, both banks immediately activated IT disaster recovery and business continuity plans. > "However," according to Tan, "both banks encountered technical issues which prevented them from fully recovering their affected systems at their respective backup datacenters – DBS due to a network misconfiguration and Citibank due to connectivity issues." Perhaps regularly fl…
Re: Overheating datacenter stopped 2.5M bank transactions
#13Earlier quoted context omitted.
Two nodes in the Lightning network [1] could right now be performing 5M transactions per day and you'd be none the wiser (unless they'd tell you, that is). And that's just 2 nodes out of the current 15K-20K. [1] i.e. Bitcoin second layer.
Except that those transactions don't count until they get on the main chain and no one needs to send 1000 transactions of single penny, then have the exact same problems as everyone else when trying to get that to actually be usable.
They don't? Then surely you wouldn't mind sending me a few bitcoins over a lightning channel? Pretty please?
> no one needs to send 1000 transactions of single penny
There is no such "single penny" limit.
> then have the exact same problems as everyone else
What problems?
Re: Overheating datacenter stopped 2.5M bank transactions
#14Seems like more testing is in order: > Upon the outage, both banks immediately activated IT disaster recovery and business continuity plans. > "However," according to Tan, "both banks encountered technical issues which prevented them from fully recovering their affected systems at their respective backup datacenters – DBS due to a network misconfiguration and Citibank due to connectivity issues." Perhaps regularly fl…
Re: Overheating datacenter stopped 2.5M bank transactions
#15Seems like more testing is in order: > Upon the outage, both banks immediately activated IT disaster recovery and business continuity plans. > "However," according to Tan, "both banks encountered technical issues which prevented them from fully recovering their affected systems at their respective backup datacenters – DBS due to a network misconfiguration and Citibank due to connectivity issues." Perhaps regularly fl…
Re: Overheating datacenter stopped 2.5M bank transactions
#16Re: Overheating datacenter stopped 2.5M bank transactions
#17Earlier quoted context omitted.
Two nodes in the Lightning network [1] could right now be performing 5M transactions per day and you'd be none the wiser (unless they'd tell you, that is). And that's just 2 nodes out of the current 15K-20K. [1] i.e. Bitcoin second layer.
Except that those transactions don't count until they get on the main chain and no one needs to send 1000 transactions of single penny, then have the exact same problems as everyone else when trying to get that to actually be usable.
Re: Overheating datacenter stopped 2.5M bank transactions
#18Earlier quoted context omitted.
Except that those transactions don't count until they get on the main chain and no one needs to send 1000 transactions of single penny, then have the exact same problems as everyone else when trying to get that to actually be usable.
Worse, Lightning won't let you send pennies, so you have to send 10,000,000 transactions of 0.0000000001 BTC - each transaction consuming the equivalent energy of a big lightning bolt the size of a small lightning bolt (hence the name).
None of what you just said makes any sense.
Re: Overheating datacenter stopped 2.5M bank transactions
#19Seems like more testing is in order: > Upon the outage, both banks immediately activated IT disaster recovery and business continuity plans. > "However," according to Tan, "both banks encountered technical issues which prevented them from fully recovering their affected systems at their respective backup datacenters – DBS due to a network misconfiguration and Citibank due to connectivity issues." Perhaps regularly fl…
Probably observer's bias, but I've never seen a recovery plan work like it's supposed to.
Re: Overheating datacenter stopped 2.5M bank transactions
#20Seems like more testing is in order: > Upon the outage, both banks immediately activated IT disaster recovery and business continuity plans. > "However," according to Tan, "both banks encountered technical issues which prevented them from fully recovering their affected systems at their respective backup datacenters – DBS due to a network misconfiguration and Citibank due to connectivity issues." Perhaps regularly fl…
"No recovery plan is worth anything if it is not tested regularly." "An untested recovery plan is worth less than the paper on which it is printed." I'm sure there are many other versions of the quote