Amazon Web Service Outage Shows Need for Decentralized Cloud Computing

Amazon Web Service Outage Shows Need for Decentralized Cloud Computing

Editor’s note: This article has been updated to fix a typo. The original text stated that there was a rise in errors for Amazon S2 requests. The corrected text states that it was Amazon S3. This morning, Amazon Web Services (AWS) underwent a major cloud outage, causing both its Elastic Compute Cloud and Simple Storage Service solutions to receive many request errors in the United States. AWS is a cloud computing solutions provider ran by Amazon, a company most known for its large online retail network.


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Quotes

My initial thought when I heard about Bitcoin from my students is that is a scam. I know now that the technology of Bitcoin might prove useful but I am puzzled by the rush to it.

Meir Statman, Professor at Santa Clara University specializing in behavioral finance