skysight-inc/HackerNews huggingface dataset:
How does this question keep coming up? It's obvious.

1. Banks create money when they lend. This is the job that their Fed has conferred to them. They do so under a strict regulatory framework and with very tight risk requirements. Lending is where money comes from.

2. Fractional reserve works because banks are backed by the FDIC which has a massive deposit insurance fund ($125B). The FDIC has a massive line of credit ($100B) with the Treasury in case that ever runs out. And they have the authority to take possession of failed institutions and sell the accounts like they did in 2008 with WaMu (under OTS). When WaMu went under the bank was sold to JPMorgan and nobody lost a penny without touching the DIF.

3. FTX was backed by nobody and nothing.

4. We know how banks operate, it's public and transparent. If FTX told depositors it was taking their money and gambling with it, and planned to stick them with the losses while keeping all the profit for themselves (a) that would be one thing and (b) nobody would sign up for that.

> Most deposits are used for gambling by banks

No they're not.

> The US fractional reserve requirement for banks is 10%.

No it's not, it's 0%.

> If SBF was gambling with only 10B of 16B that's a 37% reserve - conservative by banking standards.

No it's not. It's wildly irresponsible by any standard.
Probably it takes more than a week to find a new job and people like to have the new job in hand before quiting the old one.
Richmond, CA police department. Alameda Research HQ is at 5327 Jacuzzi St Ste 1c, Richmond, CA 94804. Since they were apparently the recipient of the money, and he's apparently the principal beneficiary of all this, that's where to start. Mr. Bankman-Fried may not physically be there, but they have jurisdiction.

Once there's an arrest warrant, getting away becomes much more difficult.
The issue isn't the bank angle exactly, it is the acceleration of the roll. Pilots will need to be careful not to throw people or drinks around, but I think it would be doable.
they don't have to be shallower, just bank angle increase should be slower than usual.
Are Roald Dahl's adult novels as good as his children's books? I absolutely loved to read his stories as a child and probably would enjoy a similar experience as an adult. Heck I should probably pick Fantastic Mister Fox or Danny the Champion of the World and read them again.
recursive comment
Yeah, but most of the posts here aren't really critique, they're just sarcastic scorn. We get it, HN, you like remote work a lot and can't imagine any alternative.
>> "The moment a Google instance comes online, a lot of servers will block it on principle. Then every time they do something new and scummy, more servers will block them. Eventually, enough of the network will have defederated from them that they just don't have any reach outside of their own server."

The journa.host guy is speed running this just by accident of trying to figure everything out from inside the fire.
Why would reliability be relaxed? Other than just being silly on the face of it reliability is still important in cargo. It's even more important in the perception of aviation.
It may not be the norm, but there are definitely apps/services out there that require heavy-duty database queries and can have their throughput bottlenecked by synchronous DB IO latency, and would benefit from asyncio on the database side. Also, SQLAlchemy supports asyncio now.
Did software quality dropped significantly in last 2 years?

Even if remote software engineering is ubiquitous, we don’t have enough data yet.

That said most war-time-ceo and startup books understandably praise work from office.

I’ve worked from home for 5 years and I don’t want to go back, but I recognise it’s easier to push devs to be more productive while at office.
> It enabled the uniquely Facebook experience of being able to find past friends and more distant family.

This came afterwards. In the beginning it was just a showcase of life moments to share with others. Lots of fun and lots of cringe.
Energy firms' multi-trillion derivative bets under ECB scrutiny
Right but the distinction is important - c.f. the confused people on the other branch on the thread.
People catching some cases doesn't mean others aren't succeeding unnoticed.

A privacy model that depends on "admins would probably notice something fishy" is not a model users should rely on.
I love the 5 compelling reasons you should go IPO but the key to me is Build to Last. If you build the company to last you are building credibility, liquidity, with the right funding to build a real business. GREAT POST Gleb, excited about where Gleb and team will take this company the future!
What are the chances that Musk composed and sent this email while working remotely? Very high I reckon.
recursive comment recursive
Patents are an evil that has only ever retarded economic progress, and made the vanishingly few fantastically wealthy at the expense of the majority.

Copyright - aside from the ability to say “I made this”, and the ability to prevent others from doing so - is almost as reprehensible.

http://www.dklevine.com/general/intellectual/againstfinal.ht...
If you have separate commits for each thing, then you’re only changing one thing at a time, code wise.
I would LOVE to see this. Does anyone here have the connections to get this written into law?
Alexa Internet
> A 2022 PERC cell has an EBPT of about 3-6 months

Okay, so there's a new solar cell that is slightly better and perhaps can be manufactured a little cheaper. Great! So what? You have failed to take into account the burden of energy storage. The capacity factor for solar is an abysmal ~20% if not ~10% in some localities. Wind can have a superior capacity factor of up to ~50%. Energy storage is the constraint.
100%. Rules are for other people.
poptart.spinda.net
This is what I love about the cryptoverse. This article stops just an inch before calling this sociopath the second coming of Jesus, while he was turning everyone's money into useless monopoly money, and now that the bagholders are properly left holding their bags everyone is swearing up and down that this will never happen again.
Deaths from COVID-19 are way down because at this point almost everyone has already been infected at least once. The patients who were going to die from it are mostly already dead. Those deaths were tragic, but for the rest of us the combination of vaccination, natural immunity, and general health status makes it no longer a serious concern (or at least not much more serious than other endemic respiratory viruses).
High availability implementation of AWS NAT instances
KFC apologises for Kristallnacht chicken and cheese promotion
Why would a customer automatically assume the opposite?
The least they could have done is sugared it to something that isn't "def", like "gen" or "defgen"
Rad, thanks!
Carbon removal is definitely not mututally exclusive to reducing emissions in the first place. Avoiding emissions is cheaper and easier than removing them. But realistically we can't stop emitting tomorrow and even if we could, we have an excess of emissions in the atmosphere to address.

As for hope, it's a mixed message. On one hand we have more emissions than ever. On the other we have more awareness and action than ever. Personally I lean towards hope and want to give it as much of a chance as possible.

We see net-zero as a bridge to a more sustainable future. Reduce emissions and remove the unavoidable.
I wouldn't worry about missing out on battery life. Every Google phone has had pretty sad runtime since the very first Nexus. It would seem they don't care.
This is a geeky song I did in English using Vocaloid singers:

https://www.youtube.com/watch?v=Y2k8EOBL75o

Not great, not terrible.
Twitter was not, and is not now a normal company. Elon does not follow the rules of wisdom when running a company.

I worked at Google when suddenly the head of my divsion said that social was the 100% priority for the company and we should all think how to make our systems better at social. Came as a big surprise to everybody because we worked in cloud. At some point Larry was pleading with senior engineers at TGIF to support his social mission. Eventually the social crap was canned and the company refocused back on other things.

I never had the chance to tell Urs that his ursquake and ursquake2 email were not well-thought out.
Everyone thinks they are special, have some special insight, or are otherwise more likely to be important than everyone else.
The differences in ribs across the span of a wing are much less of an issue than compound curvature in the wing skins—this is where composite manufacturing really shines, because you can mold them into arbitrary shapes.
Minor correction: Miku, Luka, Rin/Len, Kaito and Meiko are not Yamaha products. Crypton Future Media is the company behind them, as they're third party voice banks for Yamaha's Vocaloid platform. (+/- the newer NT version of Miku, which uses its own thing.) Yamaha only recently started shipping their own voices at all, and none of them have the same fan cachet.
> They also have worked with dozens of others which would be where they used it. Also Waits recorded for 25+ years before Autotune (much less Melodyne) was even a thing.

And instead recorded the same piece several dozen times and for the final recording spliced together what sounded best.

This is like complaining that you don't want authors using spell check, they should have to retype the entire paragraph every time they make a mistake!

The end result is the same, the only difference is the path to get there.

There may be some fair complaints about usage at live shows, but for recordings, the end result is going to be the same if melodyne is used or if the artist is recorded again and again until everything is "perfect".
> 3. A willingness or unwillingness to pillage the commons

This is an important point. As we've pushed the limits of our natural resources, and woken up to the externalized costs of some of our ways of creating value (i.e. respiratory disease from fossil fuel based energy), this is increasingly going to require us to re-evaluate how we define 'value' added to the economic stream.

> But when a dealership has negotiated exclusive rights over a region, and the salesmen take a non-negotiable commission of sales, does the salesman who connects the farmer to the combine he knows he needs deserve thousands of dollars for closing that sale, just because he's situated himself between the farmer and the manufacturer?

I'm not arguing for any value added by middle-men in your example, but sales people provide a service that many of us "maker" types don't want to deal with, which is to engage "socially" with potential customers. Selling and buying an expensive product or service is often a social act. That social act has a value in some spaces.
UberEats drivers become aware of the tip after delivery, not before.
Ha, now that will be something to witness if we can start paying for gasoline with BTC. We've had prototypes and small gas stations accepting it but I'd love to see LN POS at Shell.

> The company will speak on stage at the next Bitcoin Conference showcasing its new cooling solutions meant to improve the bitcoin mining industry.

>> “Shell Lubricants is committed to providing customers with carbon reduction alternatives and one of the most important benefits of immersion cooling fluid is sustainability and renewable energy,” said Darin Gonzalez, U.S. immersion cooling lead at Shell Lubricants.

Well, I guess that is why... to be honest since the Network mainly relies on renewable energy it was always interesting to see how Dutch Royal shell would adapt to the end stages of ICE/FF, and this seems like a novel way.
Yup. And the more strongly opinions are given, the more uptight they get when you ask for a cite or two (with a few honourable exceptions).
Icons should be smashed whenever they're noticed. The worship of images is blasphemous.
Renewables are used whenever possible.

Even if fossil fuels are used the end result is captured carbon dioxide (net negative).
Damn, that's nearly 2/3. Insane.
Luckily I haven't encountered that. I'm almost of the opinion that all my servers should have locale LANG set to C and avoid all the UTF-8 headaches.

I don't want my servers to be cutesy.
Choosing unnecessary complexity for a simple task is a mistake. FastAPI is not faster than Django or Flask for a single request, quite the opposite.
Few people will suffer appreciably from the situation. Everyone will suffer from paying more taxes to fix the situation. Thus the voters will choose to underfund UHC systems. It's the inevitable result of having the same people in charge of spending and deciding if the standard of care is met. The solution that causes the least voter dissatisfaction is to lower the standards.
> Fed printing press

Fed doesn't print money, Treasury prints money. Money is created when banks lend. The FDIC DIF (deposit insurance fund) is $125B and funded entirely by private contributions from member banks. They have a $100B line of credit at Treasury if things go pear shaped but generally they have the authority to seize failing institutions and sell the accounts to other banks without touching the DIF let alone the backup line of credit. They did this in 2008, selling WaMu to JPMorgan.
Twitter is an excellent communication system that has been poorly used since inception. Hopefully it can be cleaned up and reconfigured to become the essential comms tool used worldwide.
Two problems:

Most people don't want the simple websites you could render in basic Markdown, that's why we don't have more of them already. How many of the top 1000 websites are a column of text and nothing else?

If most people wanted simple websites, they would write them with a WYSIWYG editor, they would not learn Markdown.
Alex Jones ordered to pay another $473M in damages in Sandy Hook defamation case
Markdown is undoubtedly more readable, but HTML can be more readable than most people make it. And considering that the ultimate goal is to wind up with a layed-out, styled document, its capabilities in that regard are just plain-old more important, especially since markdown isn't going to replace WYSIWYG editors any time soon, and almost everybody who needs to know HTML can learn it relatively easily. Browsers collapse white space by default, so you've got a lot of flexibility with its formatting:

<!doctype html>

<title>
Page Title
</title>

<h1>
Page Title
</h1>

<p>
Lorem ipsum dolor sit amet, consectetur
adipiscing elit. Ut ac lorem ut massa
euismod vestibulum.

<p>
Nullam rutrum blandit eleifend. Aenean a
varius diam. Morbi sodales velit nunc, vel
vestibulum lorem tempus sodales.

--or--

<!doctype html>

<title> Page Title </title>
<h1> Page Title </h1>

<p> Lorem ipsum dolor sit amet, consectetur
adipiscing elit. Ut ac lorem ut massa
euismod vestibulum.

<p> Nullam rutrum blandit eleifend. Aenean a
varius diam. Morbi sodales velit nunc, vel
vestibulum lorem tempus sodales.

I get why many developers like this idea... Web developers are responsible for implementing the complex user-facing parts, and their primary weapon is text: doing extra work sucks, and when you're a hammer, everything looks like a nail. But developers are not designers, and design not being left to developers in mature organizations is no accident. Absolute, deliberate, limiting simplicity is always an attractive argument if you dismiss the value of, or maybe don't even understand the reason for the complexity. I won't deny the advantages of reader-view-level simplicity in web design: it's easier to visually parse, more performant, and easier to navigate compared to most web pages, similar to how books compare to magazines-- but about 225 million people per year in the US read magazines and I assure you most of them would not choose to have textural printouts in lieu of their current form. While people like having the option of a uniform, grey, easily visually parseable mode to view webpages, that's probably not what they want even most of the time, let alone as a deliberate limitation.
> There is apparently no text

I have hoped that "rewrites history" would be more literal.

There are however traces in the material composition that could be as good as a way description.
> The strategy they are describing (selling covered calls) is actually less risky than holding the underlying.

Not necessarily. If you assume the idea is to make money, say a stock is at$100 a you sell a $110 call for $2

The stock then goes to $200.

You have lost $90 of gains to make $2.

That's a huge loss.

Selling covered calls decreases your downside slightly but earning the option premium but it completely destroys your upside by taking away any of the upside beyond the call's strike.

that's much riskier than just owning the stock outright as your downside is capped but yoru upside is unlimited.
Layoffs started over the summer. Hiring freezes had been implemented.

I'm sure many twitter employees thought he would drag his feet or the deal would fall through, and they'd have at least a year+ of time before he comes in.
Would this even be possible at any hedge fund?
> I think I'm at my best when it's 2-3 days in the office and the rest working from home.

And all the evidence agrees. https://freakonomics.com/podcast/the-unintended-consequences...
Generates its own search results too.
The podcast Hard Fork interviewed (with disguised voices) 2 current twitter employees (both had been there a long time). The GP is right, it's a terrible environment.
> fund the interest promised.

IMO this is key, the interest being paid out to account holders was not profits from any underlying business, it was just paid out from new "customer" deposits.

If a corporation is in debt and paying back interest, it's sustainable as long as the business actually has a plan to grow. If your business is acquiring new users to pay out obscene interest rates to your early adopters, that's a ponzi

(mr ponzi himself didn't mean to scam anyone either way by the way, until he realized his postage-arbitrage plans were going south and he scrambled not to break his promises)
You seem knowledgeable about this. Do you mind expanding on why these aren’t more efficient?
> There is apparently no text

I actually have hoped that "rewrites history" would be more literal.

There are however traces in the material composition that could be as good as a fingerprint.
> First all the music industry will collapse under A.I. lords

The purpose seems as usual to get rid of as many human musicians/singers they can so that everything can be made by a single person (or AI in a few years), therefore saving money. In a different context, the transition from multi elements bands to one man bands with keyboard, then finally karaoke, in many cases is motivated by costs as well.
I see this more and more everywhere across the plane these days.

I remember flying as a kid/teen and nearly every window was open during takeoff and touchdown. Last 3 to 5 years and almost every flight has had less than 10% of the windows open. I don't get it - I also want to see it. We're fucking flying, for god's sake.
I'd love something in between MySpace and Twitter. Which would be like MySpace but with only text updated and without that much personalization.
I guess those $.5B in fines would have come in handy right about now. Probably better if they do go bankrupt.
Maybe if you had it in stereo 3D and gave the passengers a VR display.
As Musk and Calacanis discussed between themselves: https://finance.yahoo.com/news/elon-musk-jason-calacanis-mes...
VScode users can enjoy this theme:
https://marketplace.visualstudio.com/items?itemName=somekitt...

(I haven't tried it.)
How many are left? /s
You're conflating FTX.us (which is regulated) and operates in the USA, and FTX global (where all this chicanery happened) and is located in the Bahamas.

With that said, the SEC is already also investigating any potential links between the two entities. I don't think they'd be stupid enough to cross those wires, but you never know.
Interesting, how do you ensure the link is accurate?
Your docs mention biochar but your main site and pricing don't.

Also, everything seems to be phrased-for/aimed-at the buyer, do you intend to be a marketplace or to only work with some upstream supplier?

[edit: nvm I found the 'removal partner' page. let me put it differently then: if i went and bought 100 acres, grew hemp or something on it, ran it through a giant biochar retort, and buried the resulting biochar >20cm deep... what would you give me for a ton?]
Roald Dahl also wrote the screenplay for the James Bond film "You only live twice", which was almost completely rewritten from the novel, about which Dahl said "Fleming's worst book, with no plot in it which would even make a movie", comparing it to a travelogue of Japan.
thanks for the info! Did you notice big performance issues with the Electron version compared to the native?
I'll check the v2 then!
That’s not true. While there have been fads in the past that some logos adhered to, the history of insignia is overflowing with what we would today call logos that were not coats of arms.
I would add to your list of problems: Decades of easy-money milk-the-cow style companies (Often CROs) with very outdated systems with folks sittings in cheap countries to do some data change requests and manual tests. Truely horrible and outdated tech, mixed with bad salaries, high turnover and bad management.
I used to work for a company were because of timezone issues a wrong date was entered, CRA requested correction (edit manually, sign, scan) and wrong assumptions etc we had to change 7 times the whole thing and send CRA onsite and recorrect the mess. In short: Inefficient mess.

I left that industry quickly and can say I that others are better. Lab tracking is way better with diagnostic samples with private labs or when mixed with good logistics partners. It is not everywhere as bad as this.

TLDR: add outdated tech, greed and bad management
Aaand tweet deleted
Awesome to hear that, and again I don't wish to sound like I'm criticizing Postcard specifically, more just generically shouting into the interwebs. I look forward to seeing more themes down the road!
Related, what are the odds that Musk would be cool with any Twitter employee taking multiple other full-time jobs at the same time?
Of course you're right that they are very different. But "at it's heart" all money is imagined. Dollars are simply backed by all the most powerful institutions on the planet.

The reason I asked is because it seems to me that people are clutching their pearls and saying this is stealing. But as I see it, the difference between FTX and Chase Bank are that Chase has a lot of rules and regulations, and a good insurance policy. But "at it's heart" SFB is no different than Jamie Dimon. The ethics of what SFB did and what American banks would like to do is exactly the same.
My understanding is that tri-engine jetliners were actually more to fulfill a regulation than for engineering reasons. There are regulatory limits to how far a plane is allowed to fly on one engine called ETOPS - I forget what it really stands for, but the colloquial expression is: Engines Turn Or Passengers Swim. It used to be limited to around 2 hours I believe, meaning you've got a bit of time to divert and make an emergency landing. But if you're crossing the ocean, it's not really possible, so for a long time if you were crossing an ocean, you needed a 3 or 4 engined plane to do it.

Jet engines are extremely reliable however, they fail on the order of several hundred times less often than piston engines, and are very well proven and have basically only improved, and so ETOPS rules have been relaxed quite a bit meaning that a lot more ocean crossing routes are available to twinjets.
That's true. However it is microarchitecture agnostic.
I'm no aerospace engineer, but the flux through the air, driving resistance, seems obviously higher the more you move away from the shape of a missile.
Software Memory Safety – Cybersecurity Information Sheet (NSA) [pdf]
Eventually, sure - but in the short term, carbon removal is an inefficient way of allocating resources.