In before fight club soap.
Tell HN: Wells Fargo completely offline
31–40 of 256 posts
Re: Tell HN: Wells Fargo completely offline
#32Bullish on bitcoin b/c of its highly resilient characteristics. Might not process as many transactions per second and it might pollute more than the average bank, but sure as hell dont need to worry about a natural disaster or freak incident single handedly taking out the entire network.
Wells Fargo customers must be terrified that their money is going to be gone when the service finally comes back. This downtime is obviously to prevent a bank rush while the leadership leaves the country with millions in customer funds.
Oh wait...
Re: Tell HN: Wells Fargo completely offline
#33Well, for a second I thought they have closed business operations completely, keeping in mind how embroiled they were in graft cases in 2008 recession.
Pardon my immense ignorance!
Re: Tell HN: Wells Fargo completely offline
#34I thought at one time Stripe used Wells Fargo as their bank. Any reported problems from Stripe?
Re: Tell HN: Wells Fargo completely offline
#35Bullish on bitcoin b/c of its highly resilient characteristics. Might not process as many transactions per second and it might pollute more than the average bank, but sure as hell dont need to worry about a natural disaster or freak incident single handedly taking out the entire network.
Wells Fargo customers must be terrified that their money is going to be gone when the service finally comes back. This downtime is obviously to prevent a bank rush while the leadership leaves the country with millions in customer funds. Oh wait...
Queue infinite stream of downvotes. News flash, you dont need an exchange to store or transact bitcoin!!! And people using exchanges should understand the risks associated with using a centralized service.
Re: Tell HN: Wells Fargo completely offline
#36Bullish on bitcoin b/c of its highly resilient characteristics. Might not process as many transactions per second and it might pollute more than the average bank, but sure as hell dont need to worry about a natural disaster or freak incident single handedly taking out the entire network.
decentralization wins out again. How many times do we have to go through this...
Re: Tell HN: Wells Fargo completely offline
#37Earlier quoted context omitted.
Yes water isn't typically used in datacenters, halon gas can be used for example. But the noise of the nozzles releasing the gas can actually damage disk drives.
There's a nozzle for that :) - http://www.fire-protection.com.au/news/hush-nozzle From what I understand, using water/dry pipe isn't unheard of. Some prefer it over Halon - https://blog.equinix.com/blog/2014/03/26/we-must-protect-thi... .
> We think water is superior to using the firefighting chemical compound Halon, because water Is less damaging to technology and Halon can destroy circuit cards.
Did not know Halon could destroy circuit cards. Apparently it also damages the Ozone.
Re: Tell HN: Wells Fargo completely offline
#38Earlier quoted context omitted.
Incredible. They had all their mission-critical infrastructure in a single data center. How many billions of dollars do they make per year? And they can't afford even a tiny bit of redundancy? If I were a customer, I'd use this as a sign that this company is not technically competent enough to manage my money.
If you're waiting for this to be the straw to move away from Wells Fargo after the last set of scandals, you may have some issues...
I just started a new job, so I'm just going to set up an account at my local CU and have my direct deposits go there. Guess I'll have to close my WF accounts once they get this mess sorted out!
Re: Tell HN: Wells Fargo completely offline
#39Bullish on bitcoin b/c of its highly resilient characteristics. Might not process as many transactions per second and it might pollute more than the average bank, but sure as hell dont need to worry about a natural disaster or freak incident single handedly taking out the entire network.
Or you could have a Quadriga-like incident where a single person's death or fraud takes out an entire bank?
Re: Tell HN: Wells Fargo completely offline
#40Bullish on bitcoin b/c of its highly resilient characteristics. Might not process as many transactions per second and it might pollute more than the average bank, but sure as hell dont need to worry about a natural disaster or freak incident single handedly taking out the entire network.
Wells Fargo customers must be terrified that their money is going to be gone when the service finally comes back. This downtime is obviously to prevent a bank rush while the leadership leaves the country with millions in customer funds. Oh wait...
Very funny, but you're describing a failure mode of bitcoin exchanges rather than the bitcoin network, which is not what the parent was talking about.