I imagine you'll have to reduce pricing on Backblaze B2 eventually in order to stay competitive. What's it like having to flip such a massive switch where your revenue is X one minute and then X - 20% the next?
Yes. We have already dropped B2 prices once, and the expectation is we'll probably be dropping them regularly as our cost per GByte drops.
> What's it like having to flip such a massive switch...
What's amusing is the switch is tiny (just one constant in a json table) and but the fallout is massive. But realistically we have a business strategy of not making egregious profits, so we only drop prices when our margin is too high.
Jeff Bezos of Amazon once said, "Your margin is my opportunity." Well, Jeff's margin is Backblaze's opportunity. :-) We survive and thrive because Amazon is being too greedy and marking up their storage (and outbound bandwidth) by way too much.
What do you mean "stay competitive?"
Data is automatically distributed across a minimum
of three physical facilities that are geographically
separated by at least 10 kilometers within an AWS Region
Designed for 99.999999999% durability and 99.99%
availability of objects over a given year.
Designed to sustain the concurrent loss of data in two facilities.
Uptime: 99.9% SLA
Reliability: 99.999999% durability
I mean, what are the odds that S3 will even be operating in 100 years? I'll certainly put $1 against $1,000,000,000 that it won't, and that's only one many ways it could fail the standard.