S3 is probably suited for static files, as it is afflicted with latency. The new Elastic Block Store (not in any way related to books), is integrated with EC2 to provide dynamic storage that is better for databases. Notably, the space can be shared between different EC2 instances. You can also back up your data onto S3.
Kudos to the Amazon engineers for what appears to be another home run. I, for one, welcome our new Skynet overlords.
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