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Oh you can't trust the FDIC they are government insured. And governments collapse all the time. I gave an example. Like a I said there is only one safe place fo
by nsfyn55 11y ago
Oh you can't trust the FDIC they are government insured. And governments collapse all the time. I gave an example. Like a I said there is only one safe place for your money. Thats in your own private bank that you build and maintain yourself.
- LordKano 11y agoWhen is the last time the FDIC failed versus the last time an online storage vendor folded?
- nsfyn55 11y agoIts true that FDIC has lost fewer deposits than S3 has lost objects, but as usual there is a caveat. There are 2,000,000,000,000 objects in S3. In order to make a comparison the FDIC would have to insure over 300 deposits for every man, woman, and child on the planet and maintain a failure rate of '0.000000001%' or The FDIC would have to operate in its current state continuously for many millennia without interruption. I don't get a sense that the contrarians here appreciate the numbers involved.
- LordKano 11y agoYou're evading. When was the last time the FDIC failed versus the last time an online storage vendor folded?
- jacquesm 11y agoAnybody who remembers nirvanix is going to have the willies just reading this thread, those who were caught by it will see red. Personally I think the risk that AWS fails is remote, but if I were to store a bunch of data with them I'd most definitely make sure that I would not be dependent on them. It would be a convenience at best, but never a dependency.