skysight-inc/HackerNews huggingface dataset:
I opened a new bank account earlier this week, I've got 8 documents to review. Here's a section at random on how interest is calculated.

> We calculate interest each month based on the lowest Daily Closing Balance. We pay interest on the last Business Day of April and October.
To earn any interest, the account must stay open for one full calendar month before the payment date.

Not dense language at all. But, note how Daily Closing Balance is title case, so that means its been defined elsewhere, so I need to flip back and refer to the definition then flip back to page 8. The definition which by the way isn't how you'd likely define a closing balance. Next part of interest is April, and October. So, interest is only paid twice a year⁉ That makes no sense, so I scan around and see this is for the Savings X account. But, I don't think that's what the name of my account is called, so now I have to flip through all 8 docs to find what specifically my account is named. Except none of the docs actually tell me which product I signed up for, instead I figure this out by comparing the fees outlined in the account types with what I wrote down when choosing the plan with the agent that I spoke with earlier.

Now back to the paragraph above and realize I'm realizing I've been analyzing the interest schedule for an account that isn't relevant to me. Scanning for my account I find that the interest is calculated as one would expect--some special conditions around the daily closing balance.

I'm frustrated and growing tired, but that is only 1 paragraph in 1 of 8 documents. The bank clearly made no effort to include only the sections that apply to me. So there is a great chance that I'm either going to miss a nuance in a section (like how they've defined daily closing balance to have some exclusions), or ignore a section believing that it doesn't apply to me.

Keep in mind you and I are likely both college educated, have training in logic and can figure this out if we spend the time/energy. Do you think the average American has a chance to understand what they've signed?
Which Robinhood is.

Actually I would have loved to see Robinhood do nothing do when GME inevitably crashes back down below $10 it’s forced into bankruptcy holding the bag on so many non paying accounts.
I've had pretty good luck with TD Ameritrade myself. I don't trade enough and when I do, the cup of coffee and bagel fee doesn't really impact my earnings. Back when Etrade was the "Discount" broker at $25/ trade fees bothered me a lot more.
Facebook is trivial, Whatsapp is not
Right, but with Robinhood the hidden costs are actual money. They give their users inferior prices and then collect on the arbitrage.
Good times. I used to replace .jsp with .aspx at the reverse-proxy.
So you’re saying institutional investors using Robinhood could trade $GME?
Market manipulation is the wrong crime and requires actual transactions. People keep saying he committed a crime but have failed to provide an actual law he violated. Or they point at some SEC violation which aren’t crimes and handled in civil court.
Past few months should have been a boon for that then. Way harder to non-obviously flash your wrist into a Zoom call then carefully putting a grandfather clock just in frame in the background.
I think your analysis is right, but if cars and houses are things that people buy with borrowed money, it does seem like interest rates being low would drive prices up. And it might increase the price of inflation proof assets like crypto. Is there a framework we should be describing this with besides the broad “inflation” term?
It seems like a lot of people try to boil this down to one thing, but I don't think there is a dominant reason for wanting to WFH.

I can handle, and honestly prefer being alone most of the time, but WFH was not enjoyable for me. I prefer collaborating in person.
Us conservatives have been telling the liberals: "BigTech will come after you too some day." but the liberals kept screaming BigTech should get more power, more power, yay censorship! Well, how ya like it now kiddies?
narwhals of reddit vs wolves of wall street
> Most people in Europe associate socialism with things like healthcare, paid vacations, &c.

Absolutely false. Are you American yourself?

As the Danish PM put it,

"I know that some people in the US associate the Nordic model with some sort of socialism. Therefore, I would like to make one thing clear. Denmark is far from a socialist planned economy. Denmark is a market economy."
Hopefully some (many) people will take it to heart that Robinhood users are suckers.

This wasn't "just" privacy violations or psychological manipulation with ads, this was Robinhood deciding what to do with YOUR money to cover their ass. Whether they lent it to you or not doesn't matter, because if the bad trade were going the other way, then you, the sucker, would absolutely be on the hook.

Whether it's fraud or flawed or whatever else is beyond my experience or knowledge, but after today I think ending up on the wrong side of the deal with Robinhood again will rightfully be met with suggestions that you should have known better.
My own investment criteria preclude Robin Hood as no longer investable. This is not investment advice.
I'm no analyst, but this still looks really bad to me.

If you buy a random share, there's a 55% chance that share is currently loaned out and a short-seller has to buy it and give it back. There's a 55% chance that share the short-seller buys is currently loaned out... A single share purchase cascades into 2.2 purchases on average.

If any sizable fraction of shares held are committed not to sell, that math gets way worse.
I don’t have a position on degiro other than comparing it to American fee free brokers is apples to oranges both for business and regulatory reasons.
Considering we are contrasting with 1978, I would offer, even though I am not a Google fan: Maps and YouTube

Web Browser and HTML is useless without the videos and photos which have been aggregated and precomputed for distribution from the datacenter.
You just need a few saboteurs coming in and posting "hate speech" on your forum and then reporting the same. Before you know it, you are banned, you have (several) news articles objectifying you as nazis and you are doxxed to high-heaven.

The only way you can get back is if you are "friends" with the big-boys or the mainstream media.
Robinhood has a stacked policy team – and it's going to need it (summary)
Agreeed. And there are several obvious laws without touching 230. Off the top of my head

- Ban businesses engaged in online advertising from compiling real world data / mixing physical world data with the online profiles of users

- Ban businesses engaged in online advertising from building profiles of people who have not opted into their platform; require permanent removal of all data within 30 days of any user leaving their platform

- Require businesses provide human based appeal process to any user or business that spends or earns $1,000 in a year before suspending or terminating an account

These could even be done at the state proposition level, absent state authority
I mean, what's the utility that I get from the network effect as a user? Lots of people that I barely know and don't care about are on it, great who cares.
This is free speech in action. Sites should be able to moderate as they see fit. In return, their users are free to protest the removal of some speech, or protest the tolerance of some speech. And then companies respond to those protests. The government doesn't get involved.

It's messy, but there's no way around the mess without forcing companies to host content they don't want to host. Freedom of association is as important as freedom of speech.
You're still going after theoretic damages. How do you prove that Robinhood stopping trading drove the price down and by how much?
What they did sucks. But I am wondering what contract did they break?
For at least two centuries there has been a prevailing thought in American culture that supporting free speech is only an honest claim if it means supporting people you disagree with. Free speech is by definition not free if one monopoly controls the square. The ALCU has fought for freedom of speech for many years for the exact kind of people the left despised then and despises now. I would really ask you to re-analyze your stance because it's pretty obvious to some of us that you are a house divided against yourself and you're going to find yourself waking up one day (much like today) where your favorite pair of steel galoshes are bearing down on top of you. This is what the GP meant.
It's not discord themselves who enact the harsh moderation (which quite often includes bots banning some words, with punishments from alerting a mod to banning you for a bit), but rather server "owners" who risk platforming if discord deems them unable to police themselves.
The problem is, that discord uses certain criteria to determine if a server is able to police itself, and those criteria happen to be fairly harsh on repeat (even if swallowed by the noise/message stream) disability mocking.

I'm criticizing the incentives Discord's polices create for moderation.

I'm sorry my wording was bad. I certainly did not intend any FUD spreading.
No it's not market manipulation. Its counter party risk gone awry and the entirety of the internet finding out about it at the same time.

In my view, hedge funds have implicitly colluded for years on short positions because it's in their best interests not to screw each other over the long haul. Imagine going against Citadel as a fund. Your career is over. The fact the short interest rose to 140% is proof of that.

This trade should have been shaken out sooner, but no one would dare given the powers that be who were backing it. Also, consider the bond holders as true original victims here. Is it right that they had people artificially putting downward pressure on the security of a company that is indebted to them? If you believe in reflexivity, this is depriving lenders of a fair security valuation, which is an asset of sorts, and further driving them towards a delisting or bankruptcy.
Bachelor’s degree in business, master’s degree in business, and a law degree. I would have been far, far ahead to have continued to develop a business I started in middle school.
> They give their users inferior prices and then collect on the arbitrage.

That’s false. They’re legally required to get the national best bid or ask just like any other broker. Routing trade flow doesn’t change that, it just gives the recipient the ability to match or beat those prices. If there was a better price elsewhere they’re mandated by law to attain that price. If they’re not doing that the SEC would be en route.
It's a really nice wave, I've surfed it in a kayak. The water is quite clear (at least when I was there) so as I was surfing, I had a pretty clear view of the underwater ledge that forms the wave.

There's an even better wave upstream near the Lachine neighborhood.
Lower interest rates don’t reduce investment opportunities, they increase them. This is because as rates get lower, investments with smaller returns become profitable.

Treasury yields aren’t as much of an investment as they are free money given to the wealthy. With a government that can create its own currency, the moral hazard is giving rich capital holders money for doing nothing. They should be investing money in actual enterprises, instead of sitting on government bonds.

Mortgages were not bailed out. Banks were. People who were underwater lost their homes. The Fed provided the necessary money to banks to prevent an industry-wide banking collapse.
The 6 chimp brain has no clue what its doing when it comes to group dynamics at population scale.

The only moves are blunder, react, counter react, avoid, fight, flee.

The chimps at FB have dug themselves into deep holes. The only way they save themselves is to pull everyone else inside and cry for Grandma to show up.
> The "Sozialdemokratische Partei Deutschlands" (SPD) literally has "socialist" in its name.

It literally does not.
"Sozialdemokratisch" isn't the same as "sozialistisch"="socialist" in German usage.
WSB is less left-wing, more Libertarian. I routinely see them shit on both the left and right.
Thanks, I'll give it a try next time I'm binging.
Where does one get this army of straw men?
Some orange guy. Everyone said he was bad. He's gone now. Not really sure where he went.
most of that is self aware deprecation from other autists. frankly being able to joke and shittalk with eachother makes it a lot easier to deal with having autism and everything that comes with it.
I have no actual knowledge about securities clearing, but:

If I were a clearer, and Robinhood were my client, and they had some collateral in deposit with me and a ridiculously large long position in GME in excess of the posted collateral, and GME were suddenly extremely volatile, then I would consider requiring more collateral and/or telling Robinhood that they may not purchase more GME. Because my #1 job as a clearer is to make sure that, at the end of the day, all the money I am owed is actually there.

If GME crashes, then the total portfolio of Robinhood and its clients will lose a lot of value. In theory, Robinhood and its clearer has no skin the the GME game, but, in practice, there are quite a few examples of financial companies taking massive hits when their clients go under.

So yes, the clearer could easily be willing to let Robinhood buy more stock that is seen as uncorrelated to GME but be extremely uncomfortable with the size of Robinhood’s position. This is similar to how Robinhood won’t let its clients hold positions when they have insufficient margin to cover the anticipated possible loss.
My estimate is the death toll from Covid is saving trillions in future benefit obligations for the US overall. From a GAAP perspective, the epidemic might come out a wash. This contrasts with the 1918 pandemic, which mainly killed the young and productive.
He is correct about the risks of low ratio steering. Usually it take ~~3 full turns lock to lock, with 1/2 a turn you are making a bumper car. In addition, he is correct about the yoke not being upgradeable to a ~~3 turn lock to lock ratio, as there will be lack of hands-on tactile continuity.
Some one has some sort of aircraft mindset where the degree of rotary control is linked to fore and back as well as left to right, with rotation as well as foot motion in air, versus sticky ground friction.After over 100 years, the yoke never gained ground.
Needs to be abandoned completely.
Google Deletes Nearly 100k Negative Reviews of Robinhood App
Hegic DeFi Options Underpriced
Hegic (https://www.hegic.co) ETH call/put seem really cheap right now, see below.

Options prices listed on Hegic's site for different maturities and strike price of $1,342.67 (current ETH/USD price):

14 days = $94.58

21 days = $112.82

28 days = $128.26

Option prices calculated through standard Monte Carlo simulation based on 6 month historical ETH prices:

14 days = $114.12

21 days = $143.98

28 days = $168.52

Other DeFi exchanges are pricing options much higher, probably because they are taking the higher recent volatility into account, for instance:

- https://options.finnexus.io/

Looks like an arbitrage oportunity. Curious to see how Hegic options pools will perform in the next few weeks.
It took them longer to shut down conspiracy theory, violent, or extremist groups than it took them to shut down a stock trading group.

Now this is censorship.
I find it frustrating that, in 2021, Wikipedia still needs mobile and non-mobile URLs.

Responsive design. Detect the device and scale content appropriately.
Crisis communications is easy to mess up and companies do not prepare for it in advance. I imagine it's a lot like the very first time an app you've built crashes really bad. Without any planning it's easy to panic and actually make things worse.
Clarification: It did not prevent you from selling your holdings (ie. did not make you a bag holder). It only prevented you from opening a new position.
interest rates are not low, we just measure them wrong. The dollar is being devalued at an astounding pace, and yet some people will split hairs and say "well, technically.." look at stocks, housing, land, education, health care and food.
I found a technology that Wikipedia attributes to 1978: Fiber optic WDM
https://en.wikipedia.org/wiki/Wavelength-division_multiplexi...

It was really interesting to learn how long this tech has been in use.
N.Y. Severely Undercounted Virus Deaths in Nursing Homes
> Hopefully some (many) people will take it to heart that Robinhood users are suckers.

While this is all true (and realistically Robinhood has killed their brand and probably won't survive), those same users were also suckers for falling for this ridiculous GME pump.

What Robinhood did was absolutely in self-interest, but it was trying to cover up a mess that fundamentally wasn't of its own devising. They were either going to get sued by a bunch of people that got fleeced in a clear pump and dump scam or they were going to get sued by users they prevented from losing money, and they chose the latter.
Look, I don't want to bust your balls in particular. We both believe that freedom of speech is generally a good thing and I'm sure you're coming from a good place. But surely you must acknowledge that I should not be free to, for example, dox you right here and now (my freedom of speech is overruled by your expectation of privacy and right to pseudonymity); likewise I should not be free to go around telling all your friends and colleagues that in your free time you prostitute yourself to lonely grandmas in nursing homes. And even if, for whatever reason, you wanted to waive these rights, that does not give you the right to decide that I should waive my own claim to those rights.

The bottom line is that there are exceptions to freedom of speech, including morally-justifiable ones. We don't need to treat adherence to freedom of speech as some sort of religion that admits no heresy. It is a generally good idea to distrust anyone who tells you how (not) to exercise your speech, but that doesn't mean you can't independently derive from first principles a reasonable set of self-consistent morals around when it is proper to value other rights above it.
Consider atomically incrementing a variable. You need to both perform the increment, and get the value.
There haven't been that many innovations in UX on the web for a while. It's all essentially buttons, toggles and drop downs. I was expecting a lot more boutique interfaces, tightly crafted to the specific use case.

My guess is we are actually not very good at developing that kind of thing as an industry.

Product configurators are a good example of what I mean, they are super rare and considered monumental undertakings by most agencies. Prized monoliths of culminated talent, that break in two years and get replaced by a series of drop downs because as an industry we avoid risk like the plague yet cycle agencies annually.
I think any attempt to understand what Robinhood did today, that does not also try to account for the other brokerages that limited GME trading today, is probably going to miss the mark.
Ask HN: Best eInk Reader
I'm in the market for a new e-ink reader. My main goal is going to be just to read pdfs/ebooks on it, though note taking will be nice I'm torn between ReMarkable 2 and Onyxx Boox Note Air/3 (sadly I don't think I can justify the Lumi). Do any of y'all have experience with either/both? Is there a different brand y'all'd recommend?

Really, all I want is e-ink, frontlighting and some good battery life.
> The type of retail investor that is using RH doesn't understand the bankruptcy process
That's your rationale for manipulating the market? SMH
Your speculation and saying “a lot of misinformation out there” doesn’t help.

Allowing traders to only sell, and blocking buying is wrong. Who is allowed to buy at that point? Very few retail traders, but every major player who has an upside down stake still can. The price was then tamped down during the lock out so hedges and old money are able to minimize their loses. Anyone pretending this didn’t happen is delusional. RH enabled it.

RH lost a lot of their customers. Possibly millions of them by the time this is over.

To be fair though, it wasn’t just RH and GME either though. Multiple brokers locked out multiple symbols.
I worked at a company that did this. The data showed that the longer we made the questionnaire, the more people felt invested in the process, leading to fewer abandoning when we finally asked for email address.
if buying stock as an individual based on the recommendation of other, non-insider individuals, is artificial market manipulation to you - exactly what is "regular" trading to you?
What is even the point of encrypted drives over just using filesystem encryption managed by the OS? I'm guessing some minor portability benefit across OSs but is this really worth trusting the OEM over?
> why do most of use Github instead of running Gitlab on a home pc/laptop/RaspberryPi or rent a Digital Ocean vps?

Well, for me, it's because GitLab is still too heavy for the Pi.

And even if somehow it became light enough, running it still couldn't help you if your goal is to have a better portfolio for a better job or/and reputation. GitHub is more of a community than a platform, and building a community is way harder than building a platform.

So it's more than just the founding.

Also, sure, you can setup your own website and post contents there, but nobody is going to read it before somebody discovers it. And discovery is really hard.

What those "Big platforms" really got right, is that they've found a way to efficiently deliver the contents created on the platform to their users, and allow the user to give timely feedback about the content. This feedback loop itself is more valuable than the tech behind it.

If decentralization movement want to be successful, it must also create this feedback loop. Otherwise people will just get bored and disconnect.
> People said the same thing about MySpace.

That gets brought up a lot however:

* MySpace never had the revenue of Facebook

* Far more people are on Facebook than were ever on MySpace. There are not that many of my personal friends/family were ever on MySpace. Now however, almost every one of my personal friends and family members is on Facebook.

* MySpace did not spend billions acquiring potential social network competitors. The two biggest c(non Chinese) social networks that might have challenged Facebook were acquired for billions (Instagram and WhatsApp) and the other network (SnapChat) had an offer, and when it was turned down, a competing service was created by Facebook.

* As a market matures, it becomes harder to unseat incumbents. The social media market is far more mature than it was before.

* as an example, Google dethroned AltaVista and Lycos rather easily. However, I would bet money that 10 years from now, absent regulation, Google will still have the dominant search engine. In the same way, 10 years from now, I would bet that Facebook will still have the dominant social network.
Why not just donate your bet money to the people who inevitably lose money holding GameStop stock?
How to detect sudo’s CVE-2021-3156 using Falco
I'm mostly a rocket guy. The control interface was sourced to a third party group with experience doing this sort of work. Since it's specific to this particular application, it's proprietary.
You haven’t seen tamales like those? The cross section looks like 90% of tamales I’ve seen across Mexico. A quick production machine sounds like what the tamal market needs since it’s relatively labor intensive for such a simple food on the go that ends up getting prices at pennies anyways.
Note that for banks the law limits how much of a company you are allowed to own. For us little guys that isnisn't a problem, but for the big guys it is.
You are correct. It's not relevant.