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Tell HN: Wells Fargo completely offline

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Re: Tell HN: Wells Fargo completely offline

#61

Post by lenticular »

shawnz wrote: post #40
jameskilton wrote: post #32

Earlier quoted context omitted.

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.

You need bitcoin exchanges for any kind of practical transaction. Not only that, people who don't keep their money on exchanges lose their coins all the time. It's just the worst store of value. It would be more practical to transact in wheat like the Sumerians did. Or just dollars.

This stuff just keeps on happening, but crypto folks always make some excuse as to why it's not actually a systemic problem.

Re: Tell HN: Wells Fargo completely offline

#62

Post by wapoamspomw »

carlsborg wrote: post #14
nemothekid wrote: post #7

Apparently there was a fire in a Datacenter - theres a thread on /r/sysadmin by an insider. https://np.reddit.com/r/sysadmin/comments/ao4g2y/wells_fargo...

> No power to any of the network or compute equipment and some failovers did not work as expected. Wonder if it was the switchgear that failed. Amazon uses custom firmware in its switchgears because this happens so often (Superbowl 2013 etc.)

Some great reading on the topic from James Hamilton's blog.

https://perspectives.mvdirona.com/2013/02/the-power-failure-...

https://perspectives.mvdirona.com/2017/04/at-scale-rare-even...

https://perspectives.mvdirona.com/2017/12/when-you-cant-affo...

Re: Tell HN: Wells Fargo completely offline

#63

Post by edoceo »

CydeWeys wrote: post #55
WrtCdEvrydy wrote: post #13

Earlier quoted context omitted.

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...

Unfortunately they're the holders of my mortgage (it was sold twice and they ended up with it). So I don't even have a choice of being their customer for the next ~25 years.

Refi that bad-boy to your local credit union

Re: Tell HN: Wells Fargo completely offline

#64

Post by ModFightsCron »

sys_64738 wrote: post #20
nemothekid wrote: post #7

Apparently there was a fire in a Datacenter - theres a thread on /r/sysadmin by an insider. https://np.reddit.com/r/sysadmin/comments/ao4g2y/wells_fargo...

Why didn't it failover to their backup datacenter in another geo?

It did. The claim of the post is false.

Re: Tell HN: Wells Fargo completely offline

#65

Post by jonwinstanley »

CydeWeys wrote: post #55
WrtCdEvrydy wrote: post #13

Earlier quoted context omitted.

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...

Unfortunately they're the holders of my mortgage (it was sold twice and they ended up with it). So I don't even have a choice of being their customer for the next ~25 years.

A bank without redundancy is the best place to have your mortgage. Just hope that one day they forget about your debt.

Re: Tell HN: Wells Fargo completely offline

#66

Post by SketchySeaBeast »

pjc50 wrote: post #39
deevolution wrote: post #26

Bullish 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?

I think the argument here is that you don't need to keep your Bitcoin in a bank, and instead just horde it all under your digital bed.

Re: Tell HN: Wells Fargo completely offline

#67

Post by dharmab »

arkades wrote: post #58
saagarjha wrote: post #45

Earlier quoted context omitted.

This page suggests that Inergen (unless there is a thing called Intergen that I'm confusing it with?) mixes with air to lower the oxygen content, but still remain breathable: http://www.tyco.no/products/Gaseous-Fire-Suppression/inergen...

The resultant 12% oxygen is 60% of normal atmospheric air. It's still breathable, if you're an average healthy person with healthy cardiac and pulmonary function, sitting at rest - but it's not healthy, it's enough that you're going to start seeing systemic responses. The reduction in partial pressure of oxygen being sucked into the lungs will also cause an increase in the partial pressure of carbon dioxide and inert…

Also: Folks that are already suffering from smoke inhalation due to a fire. Unlikely since the halon systems are pretty good at reacting, but still possible.

Re: Tell HN: Wells Fargo completely offline

#68

Post by mywittyname »

mabbo wrote: post #12
nemothekid wrote: post #7

Apparently there was a fire in a Datacenter - theres a thread on /r/sysadmin by an insider. https://np.reddit.com/r/sysadmin/comments/ao4g2y/wells_fargo...

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.

Lots of old companies are like this. They don't invest in critical infrastructure because it would bring them below their 20% margins.

Re: Tell HN: Wells Fargo completely offline

#69

Post by wolfpwner »

jonwinstanley wrote: post #65
CydeWeys wrote: post #55

Earlier quoted context omitted.

Unfortunately they're the holders of my mortgage (it was sold twice and they ended up with it). So I don't even have a choice of being their customer for the next ~25 years.

A bank without redundancy is the best place to have your mortgage. Just hope that one day they forget about your debt.

Nice

Re: Tell HN: Wells Fargo completely offline

#70

Post by scrumbledober »

shawnz wrote: post #40
jameskilton wrote: post #32

Earlier quoted context omitted.

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.

wells fargo is much more akin to a bitcoin exchange than it is to the bitcoin network though...
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