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by hosay123
4916 days ago
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The inverse of this is exactly why I'd cut them slack: there's no way for them to do business without partnering with the competition, in this case being solely dependent on them. Edit: it's exactly like trying to reinvent Twitter by consuming their APIs, and we've all seen how that goes |
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Bancorp is a closer analog to EC2; they let Simple get off the ground quickly without having to build and harden their own banking systems and transaction networks. Also like EC2, Simple gets to take the heat equally if Bancorp screws up.
That said, this is pretty bad, but if Simple had built their own network and left a glaring security hole open, they'd be utter toast.