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Yeah, and the same logic applies to traditional banks. You control billions of dollars, your threshold for mistakes is very small. And this isn't a case of "bu

Yeah, and the same logic applies to traditional banks. You control billions of dollars, your threshold for mistakes is very small. And this isn't a case of "bugs or mistakes", it's a case of being underprepared.

Johnny555 3y ago
And this isn't a case of "bugs or mistakes", it's a case of being underprepared. How is this not either a bug in their software/systems or some mistake? Does being "prepared" mean 100% availability/uptime? Even very mission critical systems like the Sabre system that powers many of the world's airlines can't maintain 100% uptime indefinitely. I think regulators should be much more concerned with integrity than uptime. Losing temporary access to my account balance is bad, but not nearly as bad as the bank showing an incorrect balance.
- oldstrangers 3y ago
  Because they've had multiple years and billions of dollars to build out their infrastructure. They got crushed during the Super Bowl and had a very clear example of what they needed to fix. An inability to handle traffic isn't a mistake, it's a strategic failure. There's an important distinction there. Additionally, you should be more critical of the institutions that make billions of dollars off your money. This isn't a small local business deserving our patience and understanding. It's a $50b company acting as the financial backbone for digital currency.
  - Johnny555 3y ago
    Was this caused by an overload of traffic? Additionally, you should be more critical of the institutions that make billions of dollars off your money Having spent most of my career architecting highly available systems, I'm cognizant of the fact that there's no way to guarantee 100% availability, the more 9's you architect in, the more complicated the failure modes are.
    - oldstrangers 3y ago
      https://twitter.com/brian_armstrong/status/1762900467787645226 https://twitter.com/brian_armstrong/status/17629004677876452...

Johnny555 3y ago

And this isn't a case of "bugs or mistakes", it's a case of being underprepared. How is this not either a bug in their software/systems or some mistake? Does being "prepared" mean 100% availability/uptime? Even very mission critical systems like the Sabre system that powers many of the world's airlines can't maintain 100% uptime indefinitely. I think regulators should be much more concerned with integrity than uptime. Losing temporary access to my account balance is bad, but not nearly as bad as the bank showing an incorrect balance.

oldstrangers 3y ago
Because they've had multiple years and billions of dollars to build out their infrastructure. They got crushed during the Super Bowl and had a very clear example of what they needed to fix. An inability to handle traffic isn't a mistake, it's a strategic failure. There's an important distinction there. Additionally, you should be more critical of the institutions that make billions of dollars off your money. This isn't a small local business deserving our patience and understanding. It's a $50b company acting as the financial backbone for digital currency.
- Johnny555 3y ago
  Was this caused by an overload of traffic? Additionally, you should be more critical of the institutions that make billions of dollars off your money Having spent most of my career architecting highly available systems, I'm cognizant of the fact that there's no way to guarantee 100% availability, the more 9's you architect in, the more complicated the failure modes are.
  - oldstrangers 3y ago
    https://twitter.com/brian_armstrong/status/1762900467787645226 https://twitter.com/brian_armstrong/status/17629004677876452...