Bitcoin Forum

Economy => Securities => Topic started by: Nefario on May 28, 2012, 09:22:17 AM



Title: GLBSE disaster planning
Post by: Nefario on May 28, 2012, 09:22:17 AM
We've just completed our first step in disaster planning for GLBSE, the unfortunate (and hopefully unlikely) event of my death.

I am now happy to say that should I kick the bucket GLBSE would be able to continue on without me in full functionality.

Our next step is to try to have encrypted, near realtime snapshots of the GLBSE database stored offsite. Currently we have daily offsite backups.

Nefario


Title: Re: GLBSE disaster planning
Post by: Garr255 on May 28, 2012, 09:33:13 AM
Although that would plainly suck, its great we now have that... functionality..? Thanks.

Long live Nef!


Title: Re: GLBSE disaster planning
Post by: PawShaker on May 28, 2012, 10:55:29 AM
We've just completed our first step in disaster planning for GLBSE, the unfortunate (and hopefully unlikely) event of my death.

I am now happy to say that should I kick the bucket GLBSE would be able to continue on without me in full functionality.

Our next step is to try to have encrypted, near realtime snapshots of the GLBSE database stored offsite. Currently we have daily offsite backups.

I think it is called "business continuity planning" not "disaster planning"  ;) But I think everyone got what you wanted to say.

This kind of planning makes amateurs and professionals apart.

As instance of Bitcoinica teaches, unthinkable can happen. Both database and backups can be destroyed if there is insufficient separation of duties. I know that it is hard in organization as small as one person show. (And Bitcoinica was originally set up as one man show.)


Title: Re: GLBSE disaster planning
Post by: Nefario on May 28, 2012, 02:25:06 PM
I don't know, disaster planning sounds better, more dramatic :p


Title: Re: GLBSE disaster planning
Post by: John (John K.) on May 28, 2012, 02:28:23 PM
I don't know, disaster planning sounds better, more dramatic :p
I'd think that disaster would be like situations where GLBSE is forcibly shut down by the authorities or the datacentre is attacked by a natural disaster.  ;)


Title: Re: GLBSE disaster planning
Post by: Nefario on May 28, 2012, 03:53:58 PM
I don't know, disaster planning sounds better, more dramatic :p
I'd think that disaster would be like situations where GLBSE is forcibly shut down by the authorities or the datacentre is attacked by a natural disaster.  ;)

That would be more of an annoyance than disaster.


Title: Re: GLBSE disaster planning
Post by: BinaryMage on May 28, 2012, 04:11:14 PM
Excellent, great work Nefario!


Title: Re: GLBSE disaster planning
Post by: paraipan on May 28, 2012, 04:14:49 PM
sub, and glad to hear it!

same here. What medium of storage do you prefer for offsite storage Nefario ?


Title: Re: GLBSE disaster planning
Post by: Daily Anarchist on May 28, 2012, 05:36:53 PM
Awesome! Keep up the good work!


Title: Re: GLBSE disaster planning
Post by: VEscudero on May 28, 2012, 05:51:55 PM
Terrific!

Most of us keep our eggs in different baskets: mining bonds, loans, shares etc, but at the end of the day most of them heavily rely on GLBSE to be traded.

These are really great news, keep on rocking James!


Title: Re: GLBSE disaster planning
Post by: bitcoiners on May 28, 2012, 05:53:18 PM
Looks like disaster struck.


Title: Re: GLBSE disaster planning
Post by: VEscudero on May 28, 2012, 06:00:01 PM
Right now GLBSE is down. Are you testing contingency plans ;-) ?


Title: Re: GLBSE disaster planning
Post by: waltmarkers on May 28, 2012, 06:01:56 PM
It would be nice to schedule maintenance or put up a notice. Those are the limitations of a 24/7 exchange. Glad this mornings IPOs got off.


Title: Re: GLBSE disaster planning
Post by: BinaryMage on May 28, 2012, 06:06:37 PM
Right now GLBSE is down. Are you testing contingency plans ;-) ?

Someone just dumped a ridiculous number of gigamining shares; I suspect Nefario took it down on purpose to determine if someone had hacked in.


Title: Re: GLBSE disaster planning
Post by: Nefario on May 28, 2012, 06:25:11 PM
Right now GLBSE is down. Are you testing contingency plans ;-) ?

Someone just dumped a ridiculous number of gigamining shares; I suspect Nefario took it down on purpose to determine if someone had hacked in.

This exactly, I brought the site down to be safe, but it was a legitimate trade, someone who had a huge stake in GIGAMINING needed some coins.


Title: Re: GLBSE disaster planning
Post by: btharper on May 28, 2012, 06:31:35 PM
There's at least three threads making noise about the downtime already. https://bitcointalk.org/index.php?topic=75802.msg926975#msg926975 (https://bitcointalk.org/index.php?topic=75802.msg926975#msg926975) Nefario has already posted in one thread. Everything's okay but it spooked a lot of people.


Title: Re: GLBSE disaster planning
Post by: Stephen Gornick on May 28, 2012, 09:47:28 PM
That would be more of an annoyance than disaster.

And what is the continuity plan for that then?

There's probably an easy way to give to the issuer a dump daily, for instance, that gives an accounting of shares.  The issuer wouldn't know the investor but the account could have an "exit address" that would facilitate liquidation of all shares:
 - http://en.bitcoin.it/wiki/Exit_Address

Or, using the Sign Message feature from the Bitcoin.org client the investor could sign a message as proof for claiming an account under a new exchange if that becomes the resolution.


Title: Re: GLBSE disaster planning
Post by: PsychoticBoy on May 28, 2012, 09:55:45 PM
Happy to hear we will not be left to our own devices when disaster strucks :)

Good job.


Greetz