skysight-inc/HackerNews huggingface dataset:
most of it gets wasted

but money is not really a bottleneck or a resource; it's just a way to keep score
Investment products can (and often are) FINRA and SIPC insured - but this is NOT an insurance against loss (FDIC doesn't insure your interest, just the principal which changes each time interest is paid, the moment FDIC steps in your interest-earning can go to zero) - it is insurance that you actually own what the investment says it is.

So if you buy stock via Vanguard, and Vanguard mismanages itself into death, you still own the stock and eventually it'll be at another broker.
> ... at least until governments around the world are prepared to address a tsunami of misinformation

The American system, as designed, is diametrically opposed to waiting for governments around the world to protect you from misinformation.
A swap has two sides. Someone still holds the bag, so what you're saying here doesn't make sense. What SVB was doing is typical; regular banks don't hedge anything. You can see everything in a Bloomberg terminal
IMHO MBS is not as evil as it sounds. After all stocks are backed by even more fragile things.
FBI finally admits to buying location data on Americans
When you break anything down to its constituent parts it can seem pretty mundane; walking is just controlled falling.
The difference as far as I can see is as follows:

Cakelisp is an S-expression representation of C++, kind of like how Assembly language is a nicer representation of machine code.

Carp is its own language which transpiles to C, like a bunch of other languages that get transpiled to C (e.g. Nim, Chicken Scheme,...).

I suppose the main trade-off (besides Clojure syntax) is RAII and MMM versus a borrow checker, consult your nearest Rust article for much back and forth about that stuff.
Exactly. If the only valuable part is the "general points that are relevant", then I would much rather receive those. As you say, perhaps in bullet points. Adding a bunch of utterly predictable prose around that doesn't make it better for me, it makes it worse, because it just dilutes the signal.
Instagram only implemented "close friends" after years of a solid user base to research the usefulness of that feature. It's not that they couldn't think of it; ideas are cheap. A lot of it has to do with the stories feature, an innovation stolen from Snapchat that G+ predates. And G+ Circles was way more complicated.

Circles feature was also marketed the wrong way. The G+ ad showed a lady bad-mouthing her boss in a circle that doesn't include him. Who's gonna put that much faith in the separation? The entire point of a finsta is that it's not a supported feature, so you can believe that it's totally separate and also has a different name. You'd use the finsta to bad-mouth your boss, if you're a weirdo who friends their boss in the first place.
And then when the supreme court changes their mind again, it will always have been like that too...

We have always been at war with Oceania.
The fractional reserve banking system is a perpetual prisoner's dilemma, and VC's are smart enough to know this.

The same VC funds influence all of the startups with deposits at SVB. This happens on the tails of Silvergate, where the major exchanges (who also share investors and have overlapping board control) coordinate a bank run, while Elizabeth Warren did everything she could to rug that bank, by spreading FUD and also by forcing them to pay back their emergency loan.

This entire thing is honestly more than a little fishy. Call me crazy, but it feels like a controlled demolition and open financial warfare on the startup and crypto industries.

It will be interesting to see if there isn't new regulation that gives the government far more power conveniently sitting on the shelf that's about to be pushed through.

It could just be unlucky revenue management at these banks, where they locked up way too much of their deposits in fixed rate bonds before the Fed decided to jack up rates, but that begs the question... why didn't the Fed know that raising rates this aggressively would cause bank failures? The Fed should have been aware of the bank's position with Treasuries. On some level this is a controlled demolition. It's just a matter of who is doing the demolition.
Is that 500, or 500k?
The assets may not be valued anywhere near market prices given the recent run up in interest rates. They don’t have to reprice the asset if they intend to hold it to maturity in the face of fluctuating rates.
He also reminds people why everyone pulls from torvalds/linux to this day:

> People think I'm a nice guy, and the fact is that I'm a scheming, conniving bastard who doesn't care for any hurt feelings or lost hours of work if it just results in what I consider to be a better system.
I agree with you entirely on all points. It is a bad situation.
I've just coded my latest site using aws but I'm going to be teaching myself terraform in the coming week so I can rewrite the infrastructure as code so I can move providers easily if I ever have any problems in the future.
Shared in this comment

https://news.ycombinator.com/item?id=35073824
I suspect jenkem in Zambia was also a hoax
I don't know how we will manage it, but it is about to get exponentially worse. With the introduction of AI, kids are going to bond to a fake reality. The manipulative effect is going to be orders of magnitude greater than social media.
Confidence comes from the naivety of youth, the level of neurotransmitters in your synapsis, out of a bottle, or from a little pill. Give me determination founded in fear based on the practical experience of failure.
> all of the deposits were insured

There's no official accounting yet, but most accounts seem to estimate that a very large fraction are not, because of FDIC insurance limits.
"Move fast and break things" is a dubious mantra to begin with, but it's downright abhorrent when applied to things like health services.
Right, but Alice and all of her friends want their money back now, and it’s your job as a solvent bank to give them their money when they ask for it.
ChatGPT is coming to GM Cars, Semafor reports
I have one equally old; Dell Color Laser 3110cn. Every day I print something with it, I am amazed and astonished. It doesn't even go through toner very quickly. I've had the thing something like 8 years. It was used in an office and replaced unnecessarily before I took it.

I dont think it will survive the next time I have to move house, the plastic casing is cracking and falling off at this point the thing has been through so much. They DEFINITELY don't make em like they used it.

I'll probably stop printing things all together for the rest of my life the day that dell gives up the ghost. Its just not worth it
GM will use AI models developed by OpenAI and Microsoft and will run them on Azure
I still wouldnt use it
Forgive me but I think this may be a contradiction. “didn’t adequately account for duration risk” == “risk taking that did them in”
This is literally the primary job of the CFO:

Making sure that if there's X in cash or cash equivalent at noon on March 9th, 2023 PST there's still X in cash or cash equivalents at noon on March 10th, 2023
I'd held the position for years that social media had demonstrably negative effects on childrens' minds -- and all the while, I was derided, because at the time there was no empirical evidence assembled conclusively stating such, and my inductive reasoning to that end was handwaved away.

I feel vindicated. Technology can be a powerful force for good, but perhaps giving impressionable young minds unrestricted access to the internet is short-sighted and fraught with peril.
> all of the deposits were insured

Only up to $250k -- and an overwhelming majority of SVB's deposits were in accounts in excess of this amount.
I'm wondering the same thing. The current rise in interest rates must have been a scenario that the bank considered. How can we still have a system that allows situations like this to happen? Other than negligence or malpractice, I cannot fathom a reasonable explanation as to how this happened / was allowed to happen (again).
I see, makes perfect sense then. I would clarify that in the example (maybe add another snippet for querying the status).

If your friend is open for business, maybe give them a shoutout ;)
From TFA:

>> As of December 31, 2022, Silicon Valley Bank had approximately $209.0 billion in total assets and about $175.4 billion in total deposits.
Yeah, that will be the way to go.
This is actually how on of customers is achieving this behaviour for polling analytics.

Right now our Executions list is not ideal for such pattern but we will soon release filtering based on arguments which will help to get all the executions linked to a specific sequence.
Especially when the fed is telegraphing every move.
There are plenty of TLD's (top level domains) available. You don't need to use yourname.TLD, but it should be something easy and memorable for your contacts.
As far as I understood it, the 10% which paid off made SVB into the type of bank it is today.

They obviously made a bad move in 2020-21 in thinking the public market was going to crash and what would happen to bond yields, but so did lots of people.

If you think SVB is the only bank which is making high risk decisions to get payoffs, I would suggest you level up and look at what ALL these banks are doing. Faith in the system and long-term risk assessment isn't built into the mentality of banks which have so much invested in equity trading vs. boring deposits.
> either it is recoverable like a password-protected account and therefore anyone who can pass the recovery check can steal that identity,

That is equally true for physical identity documents like passports and various id cards, and yet it isn't nullifying completely the utility of such documents.
In case anyone is wondering, they don't get to the "why" in any concrete way (at least not in this excerpt). There's a dig at "progressive policies", but no discussion of what those policies actually are or why they matter. Thiel implies a couple of times that it has something to do with how relatively entrenched local political machines and interest groups are, but the discussion mostly centers on where they're feeling the most prosperity vibes. Which is fine, but "a couple of wealthy right-wing dudes feel better about Texas and Florida than they do about California" isn't much of a revelation.
Often you want to specify your own unique id based on some property of the job, like a transaction reference, or just a unique combination of parameters. This means you can later refer to it without having to store the reference somewhere. Is this possible?
This is the crux of the problem. SVB may have intended to hold to maturity, but the market forced it to sell to raise cash.

You may hold 100K in treasuries today, but if your employer can't make payroll, you're gonna sell to pay rent.
no bank on earth can survive every depositor turning up at once and demanding their money

whereas an exchange shouldn't have a position at all

and a hedge fund normally doesn't allow withdrawals at all (without vast notice)
Spam is the reason. Phone numbers are a costly resource to spammers. Having them permanently banned from Discord after spamming is a way to keep spam down quite a lot.

I've been working on this exact problem for years, and have solved it differently. If anyone is interested, here's the draft whitepaper on my solution: https://www.stampchat.io/whitepaper.pdf
Well, it depends on the colo.

I mean, it's not like a colo doesn't have issues. At one point our colo was running some cable and we discovered that their cables to our rack were wiggly...after our stuff went offline intermittently. That was hard to track down.

And you need to set up the LOMs, the management network (hey, you don't want that on the public internet), VPN, serial cables (backup to network LOM), maybe a load balancer. And you have to hope that when you reboot the box it doesn't fail POST. And you have to remember to turn off power saving in the BIOS (how many people forget to do this?). And you have to set up the RAID 5/10.

And you have to do this sitting on the floor, because not a lot of places provide chairs in the racks. Oh, do you have a rack-mounted KVM/monitor/serial console or are you using your laptop with a serial cable to do all this?

I mean, it's not hard, it's just a lot of detail work. And I suspect that these skills are going away.
CIA propaganda.

Detailed explanation from former CIA analyst Frank Snepp about how the newspapers and magazines you were taught to regard as mainstream and reliable have always eagerly served as disinformation megaphones for the CIA and the US Security State. That's still true. [1]

[1] https://twitter.com/ggreenwald/status/1589624331919060997
DFPI specifically called them insolvent in their release today, does that change your opinion on depositors being made whole?

https://dfpi.ca.gov/2023/03/10/california-financial-regulato...
I can provide two specific examples of "widely held beliefs" that have been mass-banned on Reddit. I also want to note I don't endorse or subscribe to either of these beliefs but I felt neither were deserving of a ban and I was open-minded to hear arguments in their direction.

1) Reddit banned /r/NoNewNormal and "Covid misinformation" after activist moderators started shutting off subreddits. I personally got a Covid vaccine and complied with mask regulations, but I was interested in hearing coherent arguments related to lockdown / mask / vaccine skepticism. Obviously these skeptic views were very widely held beliefs, and some of them like the "lab leak theory" went from "misinformation" to "possibly true"

2) Reddit banned /r/GenderCritical which was a subreddit representing feminists who expressed skepticism over modern transgender ideology in the spirit of JK Rowling. Again, JK Rowling has millions of followers so this qualifies as a widely held belief. While I want to be inclusive and supportive of transgender people, I'm interested in hearing skeptical arguments related to things like whether it's really a good idea to give puberty blocker to teenagers .

I believe both of these bans happened not for good reasons but because of ideological crusades from Reddit power-moderators who skew heavily on certain political and ideological topics.

I'm not trying to start a flamewar or debate on either of these topics, I'm not endorsing either of those subreddits, I'm addressing your critique that specific examples were not provided of "widely held beliefs" that have been unfairly censored.
I wonder if anyone has Bloomberg terminal access can take a look and check whether there are disruptions in MBS and its hedging tools.
> 10. HN is highly skeptical about autonomous driving, but if it does happen it will have a significant unpredictable change on the market.

I'm deeply skeptical about autonomous railroads, let alone cars. And those are much simpler problems to fix -- that haven't.
Internet of today has nothing to do with 1990/2000 internet in term of content and especially in term of things competing for your attention, and spread of misinformation

The problem isn't necessarily the device, but the content

Kids spend up to 10 hours per day on screen, most of it on smartphones [0], and they're not reading encyclopedias

Average tiktok user screen time is over 25 hours per months: https://wallaroomedia.com/wp-content/uploads/2022/03/tiktok-...

[0] https://i2.wp.com/www.surexpositionecrans.org/wp-content/upl...
After provider mistakes multiple months in a row, and contacting a useless support team, I was eventually able to get to an operations person who knew how to do customer service and sorted the issues out.

Thankfully I was able to establish a relationship directly with the new provider before all the pharmacies called shenanigans. (Like it seems many other legit patients did - a failure mode of any two sided marketplace)

It's a shame because there is an opportunity to help people by disrupting the traditional healthcare companies. The local large conglomerate Psych department is stuck in the 90s and can't understand why you would want to use medication on the weekends (surely ADHD only matters if it's affecting your ability to work for the man?!) And most independent practices are completely saturated with patients already (assuming they even take your insurance).
They bring way too much value for this. They’ve introduced a slew of “new” problems, and these problems are bad. The problems are still outweighed by the benefits. I enjoy the connection social media gives me to people outside of geographical area and outside the sphere of who I’m comfortable phone calling.
Treason of the Science Journals
Just wait a few days to see...
> And this is all aside from the fact that one of the main themes of the investigation is the lack of high quality evidence that medical transition uniformly helps trans people.

https://www.hcplive.com/view/suicide-risk-reduces-73-transge...

(among *many* others)
Is your Wii U dying of loneliness?
Groq adapts Meta's chatbot for its own chips in race against Nvidia
Correct, AI has obviously been making money for a long time. But it wasn't described as a bubble until recent developments fired up a rapid rise in startups/investment.
This made Nouriel Roubini’s morning.
I've found Solokey to be unreliable. Recently, for example, I learned that the Solokey 2 can't be added to iCloud as a security key
Oh God, Newlisp. Don't worry about that. Start with Common Lisp. It's probably the most Pythonic in that it's built for building real applications in. SBCL is the open source implementation everyone seems to favor.

Runners up are Racket and Guile.

The "Lisps in Python" (like Hy and Hissp) are nice, but they're not very Lispy. More like Python with sexpr syntax. For Lisp on a Python runtime, I recommend Calysto Scheme for messing around: https://github.com/Calysto/calysto_scheme

It's slow, but it's full Scheme.
The problem isn’t what they bought it’s what they sold. It was all correlated. Loans to startups were going bad while startups were pulling deposits since they weren’t getting funded. So you’re taking losses while losing capital. Doesn’t really matter what else you’re holding at that point if it doesn’t happen to be skyrocketing right now. Long term bonds will never be that thing, but at any point in time almost nothing else would be, either.
I used to do 12 hour shifts in EMS, where men and women are on the same shift system, so no issue with the hours. But factory work (which I've also done, 8 hour shifts) is constantly intense across the whole shift and I wouldn't want to do it for 12 hours.
The parents of children who have died of suicide due to cyber bullying would disagree. As would the parents of children suffering from eating disorders, self-harm, and numerous other mental conditions induced, at least in part, by social media.

The link between physical health and phone use is less direct than to cigarette smoking, but is still present.
I'm really bad at spotting decent used cars. It has always bitten me. I overpay once for a new car and then drive it into the ground. Never had a new car last me less than 10yrs.
its HN fantasy-land talk

first HN said there was no problem

then HN said everyone will get their money back

what next?

HN is full of dreamers, the kind who wander into traffic
The legislation [1] is amazingly vague about the impact on end-to-end encrypted systems. In fact the string "encryption" appears twice, and only once in the body of the text (in Paragraph 26 on page 27.) This paragraph basically says "it's ok to use end-to-end encryption" but does not actually stipulate an exemption for scanning technologies. Presumably this means you would need to somehow implement an effective scanner into your end-to-end encryption. The legislation gives no other guidance about how to do this, how secure it will be, or even a mild discussion of the tradeoffs.

This is alarming because the bill also makes clear that the goal is to detect not only known and unknown CSAM using some technological measure, but also to detect textual content that represents "grooming behavior." Only the "known" CSAM detection approach has ever even been attempted in a production system (with significant limitations) and that system was not ultimately deployed due to technical and customer concerns. But as much as CSAM media scanning worries me, the idea of automated ML-based text analysis for something as vague as "grooming behavior" is frankly terrifying. And I haven't even considered the slippery slope that becomes visible the second you build text-analysis and reporting systems into encrypted communications.

What is much more concerning than the legislation is the Impact Assessment [2], which is cited in the legislation to justify its reasoning. Specifically, the Impact Assessment recommends Option E, which is "mandatory scanning of all known and unknown CSAM, as well as textual detection of 'grooming behavior'" even in systems that deploy E2E encryption.

Where the legislation is vague about E2E encryption, the impact assessment [2] leaves no scrap of unambiguity: it makes clear that the need for these mandatory scanning mechanisms is almost entirely a response to the increasing deployment of E2EE, and specifically cites Facebook's (still un-deployed) 2019 encryption announcement to support its argument for a mandatory scanning requirement. It uncritically cites Apple's (since withdrawn) CSAM scanner (p. 39) as an example of a balanced privacy solution. It cites vaguely to the existence of scanners capable of detecting unknown CSAM, barely acknowledging that such techniques are entirely at the hypothetical/research stage and may not be safe at all. Finally it provides a privacy analysis that somehow concludes that the privacy benefits "in protecting victims" naturally outweigh all other concerns that might pop up around the deployment of what will be the world's most powerful ML-based text and media mass-surveillance system for encrypted and unencrypted private messages.

Because take note: while the authors don't use that terminology, readers should have no doubt: that is what the EU is proposing to build with this legislation.

[1] https://eur-lex.europa.eu/resource.html?uri=cellar:13e33abf-...

[2] https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELE...
If you're struggling, email is in the bio, happy to chat. I've heard a few folk are really in trouble right now and we don't need anyone doing anything permanent, this too shall pass. Happy to talk! There is a way forward! :) :)

If you need to talk to someone immediately: 800-273-8255
Correct. They were doing the same thing every other bank was doing, and an unnecessary panic run did them in. Depositors will get their money back because my bet is SVB gets acquired, as their balance sheet was actually fairly healthy (relative to other banks) pre-panic, but it's gonna have ripple effects for sure.

We shall see.
Content aside, it was way more cumbersome to use than Facebook. My friends and I tried it cause one guy was a huge Google fanboy, and even he said "this sucks, man."
So what I think is happening here is that if you take over a bank the traditional way, you need to mark-to-market all of the bank's assets -- so all of the losses from the long-dated MBS that would be perfectly fine if held to maturity would have to be recognized immediately, just crushing the balance sheet of anyone who bought it. Probably trying to line someone up who can either absorb that loss, figure out a way to recapitalize without recognizing the loss, or get access to some other lending facility.
I extract the main content div, which includes various other divs and assorted HTML cruft from 25 years of content management systems.

Then convert that to Markdown, which GPT groks happily, and it preserves the right balance of discarding meaningless structure but preserving some semantics (italics, headings, etc).

The best tool I've found for that process is aaronsw's html2text, amazing that it's still so valuable after all these years.
Maybe it's time to resurrect Fucked Company.

https://en.wikipedia.org/wiki/Fucked_Company