skysight-inc/HackerNews huggingface dataset:
You really have to be a tremendous shit to say this out loud, even if it's how you feel.
Just about time for a midlife banking crisis!
Gut Reaction - How short of shifts would make those things okay? 10 hour? 8 hour? 6 hour?
That’s probably because that’s security by accident, and it’s only in comparison to the shit show we have today. It isn’t security by thoughtful, deliberate design.
It isn't not because of that either.
> So I somewhat dispute the assertion that your garage was made to fit the cars of the time; it was small even then.

I agree. My house was built in 1958 and its garage easily accommodates today's cars.
"Since 2020" is not a great metric, since a lot happened in 2020.

Here is a chart that shows the number of bank failures over the past decade [0]. As you can see, having a year with 0 failures is actually the outlier. The average annual bank failure over the past 20 years is roughly 20 per year and the median number is 8 per year.

[0] https://www.fdic.gov/bank/historical/bank/
Question being: if a meaningful portion of Stripes customers were to bank with SVB, and if SVB were to seize operating - would this effect Stripe?

It’d be a Jedi move for Stripe to straight up acquire SVB. Imagine how strong of an offering they could create then.
Tbh I haven’t had a chance to game a ton yet in it but everything I’ve tried has been fine.

Buuut I only have a 2K monitor and the system is also massively overkill (i9-13900k @6.4ghz, 64GB DDR5 @ 6400mhz, striped PCIe4 NVMe drives, Optane PCIe OS drive etc etc). So I’ll be hard pressed to really notice any performance issues since I upgraded from an i5-10500 with 16gb ddr4 and a Radeon Pro WX5100 8GB lol.
The pollutants are people as they’ve always been.

Social media is a natural progression of society. It has all the same positives and negatives of an local social structure.
Auto Generating Infrastructure-as-Code
I have no dog in this race as I don't use Zig at the moment, but I'm not sure speculative is that unfair. Zig can literally be a drop-in replacement for GCC/clang [1], meaning you don't even have to fully adopt Zig as the build tool, so your initial comment about a lack of separation of concerns doesn't seem correct: just use "zig cc" for the C/C++ source if that's all you want.

That said, using Zig as the build tool seems to bring trivial cross-compilation support and portability, without having to deal with linkers [2]. Cross-compilation has always been and remains a PITA, so that's pretty compelling.

[1] https://andrewkelley.me/post/zig-cc-powerful-drop-in-replace...

[2] https://zig.news/kristoff/compile-a-c-c-project-with-zig-368...
Replika sells an AI companion who will never die, argue, or cheat
How to find your passion (2014)
Good luck with that. People's brains have literally melted over the last 10 years with the influx of social media platforms.

There is literally 0% chance this will ever succeed or even have a notable liftoff to begin with.
That just indicates they didn't have liquidity to cover every deposit, which is true for basically every bank that doesn't charge you to store your money in a vault.
They won’t get acquired, they no longer exist. The dream is done.
The problem is almost nothing today accelerates fixed point and everything supports floating point accelerations, which will speed up your ability to calculate the wrong number by many orders of magnitude.
It has drawbacks. No one is saying it doesn't, but now we have a gasp on them.

Like, wait until I tell you about how bad alcohol, sugar, or sleep deprivation is for you...
This is not comparable. Reminds me of this joke:

Sure, the Soviet Union has free speech, just like in America.

In the US, you can stand in front of the White House and yell, "Down with Reagan," and it's fine. Moscow is like that too. You can stand on Red Square and yell, "Down with Reagan." No problem at all
Cool story bro!

Now demonstration is a fundamental right, and privacy is a fundamental right too. And no circumstance allows the police violating these rights, no matter how right wing they are, and how fuked up your brain is.
Edits on my original comment are locked, but worth noting: Apparently the banks also thought there was no incentive to buy before the FDIC stepped in as well.

> At the very least, FDIC should issue a statement guaranteeing beyond the $250K/depositor limit sooner rather than later in order to stem some of the outflow.

The FDIC chose instead to shut the bank in the middle of the business day. They apparently don't see this as inciting a systemic event, where other uninsured deposits at other banks will now begin flowing out.

That imho is not playing it safe, given some of the price drops in the other banks today.
Thanks, that's interesting. :)
We specify our unique ID based on KSUID specifications. In addition, we are soon releasing the tag feature, which will enable you to store your references on your Defer executions to identify them your way.
> "Osiris bless Egypt",

What is there to "feel?" Is there some reason we shouldn't let our basic human tolerance apply here as well?

> God-given, huh.

Typically, when used by governments, it's meant to mean rights that aren't endowed upon you by the state and thus aren't within the purview of the state to police or remove.
The most interesting part for me is the specification from data/spec.bs, whose rendered version is linked from the repository README.md, section “1.3. Project Directories”:

https://api.csswg.org/bikeshed/?force=1&url=https://raw.gith...

I’ve been using “libs/” for external libraries, but after reading this I’m considering “external/” for that purpose.
> Silicon Valley Bank is the first FDIC-insured institution to fail this year. The last FDIC-insured institution to close was Almena State Bank, Almena, Kansas, on October 23, 2020.

How humiliating. At least this isn't an epidemic.
Functionally what's the difference?
The over-confidence in clearly irrational positions, the bluster and bluffing and bullying are all coping mechanisms for what their brains detect as cognitive dissonance. "How can my life be so bad, dreary, miserable, and inadequate?" "It must not be my situation, but it must be everyone else, so I will fight everyone else, as I can't change my situation." Rather than improve their own lot, they seek to destroy other's, because improvement is so difficult, if not impossible, and destruction is just so much easier.
reading that...

> An employer showing favoritism to another employee without reason or explanation

Sometimes "you just like people" or "you just don't like people"; and it turns out that liking the people you work with makes you more productive, so where's the room for that irrational dynamic, where there may not BE a "rational" reason to dismiss one over another?
FDIC insurance only covers accounts up to 250k. It's really only suitable for protecting middle class individuals, not corporations.

97% of the 175 billion on deposit was not covered by FDIC insurance.

Those companies are going to be wiped out unless the government steps in and exceeds the requirements of the insurance.
The average person is pretty thirsty to see white collar criminals reigned in, yes.
The IOUs that FDIC hands out can be borrowed against, or sold. There will be a lot of people active this week trying to buy them at favorable rates
Blind: Next Bank to Collapse?
A decade ago, it was $25k for 1 weight.
Some guitar players do this. Scratch a new guitar so they can get over feeling like they need to treat it with great care.
Or maybe the men are already being abused? Perhaps if there were working hour rules for everyone, wages would have to come up?

The US has working hour regulations, but I don't hear the workers complain that they are being stifled from working as much as the want.
Not really following. Are you saying you have a problem with the idiom "God-given"?
Secretive is one of my favorite tools on mac os. it's the best ssh workflow i've used: key material never leaves the device, can auth with touch id, and forward the agent as necessary. i've also sent him $ on github as a small thank you for a tool i use daily (and i'd encourage you to, too!)
Zig is the ugliest of the Three Piglets (the other two being Rust and Swift).
But they didn’t have to buy THOSE bonds. They bought the wrong bonds.
> It tastes good and facilitates socialization.

Or it tastes like shit and facilitates people running away from the stink of your poison. Maybe they'll socialize over it.
NYSE Trading Halts
I think humans probably have a variety of tubes at various sizes that complicate the analysis.
Advice by ChatGPT on what do to when your bank goes down because of a bank run
> my bet is SVB gets acquired

By a Thiel-backed company, after he initiated the bank run?
ASML's suppliers eye Asia plants outside China amid tensions
Valentine's day. Bummer.
They had massive asset / liability duration mismatch. That’s gambling on low rates for an extended period of time.

It’d be like a traditional bank not reselling mortgages to Fannie Mae. You can’t have $1B of demand deposit liability and $1B of 10-year treasuries because a rate hike will wipe you out immediately if you need liquidity.
For posterity: https://web.archive.org/web/20230310175421/https://www.svb.c...
My repair guy came by last week to fix my Maytag dishwasher. He noted it was ready to be replaced. We are heavy users.

This guy has been in his job for over 30 years. He uses a flip-phone, and has encouraged me to do my own repairs on multiple appliances over the years. He is not trigger-happy on replacement.

I expressed surprise that the machine needed to be replaced. It was barely 7 years old! I have already replaced the pump, and two washer assemblies. I asked him what the average life span is for a typical dishwasher these days.

His answer: 7 years.
It's the same reason people who can't cook outfit their houses with semi-industrial kitchens: it's aspirational. They're hoping to buy a lifestyle while not realizing that's not how it works.
If you look past the headline, this story is almost "basic sanity". The guy's neighbour didn't want the accused's kids playing in the street (in the suburbs) because they have a yard. To "prove" his point that it was dangerous he drove recklessly around the kids in the street.

The accused flipped him off and (allegedly because he denies it) threatened him.

Now frankly, I don't see why this would be hackernews-worthy, but it's still a basic triumph of common sense. If I had kids and they want to draw in chalk in a slow suburbs street, having a nosy neighbour calling the police after speeding next to them to illustrate his point would likely make my blood boil.
Edit - this has been the first fdic takeover since 2020, so no, it does not happen often.

This chart of historic bank failures paints a different picture:

https://www.fdic.gov/bank/historical/bank/
This article[1] has a bit more detail. It mentions:

> The maximum work hours for workers in Karnataka industries will be 12 hours in a day but capped at the same 48-hour work week. This means workers can put in 4-day or 5-day work weeks while more flexibility is available for the management of daily production lines.

> Finally, women will now be allowed to work night shifts – from 7pm to 6am.

[1] https://www.india-briefing.com/news/karnataka-india-work-hou...
Silicon Valley Bank has failed
Why is hacker news chocked full of people who don't understand crypto?

You are not supposed to use centralized exchanges to custody your assets.

"Not your keys, not your crypto."

It's the entire point of crypto to not keep it on a centralized exchange!
In SVB's case I believe they are mostly mortgage backed securities (ironic, eh) rather than treasuries but yes. I wonder if this will spur any reflection on the accounting rules for HTM securities.
It's more like 50 cents on the dollar.
Chess move: Stripe to acquire SVB.
> extrapolate this idea to Apple or Microsoft, which keep ~$10B in cash on hand

Literally cash, as in deposits? Or highly liquid assets such as T-Bills?
That aspect at least is easy to solve by drawing a stronger line between public content and stuff seen by people you actually know. This would be more of a social change than technical of course.

The harder part is figuring out how to handle public content, because there are still innocuous or positive uses for it as well.
The consistency of descriptions is particularly surprising to me. Like you got a roughly circular collection of seemingly random scribbles, but they can tell you exactly which parts of it correspond to the person's nose, hair, arms, eyes, etc. And the descriptions seem to stay the same if you ask about the same picture on different days. Still not sure what to make of this phenomenon but it is fascinating.
What I don't understand is why do banks work this way?

Imagine you were designing the bank from scratch having no knowledge of the current banking system. How would you do it? The most obvious thing would be if a customer deposits money, you would hold 100% of the money 1 to 1 exactly how they deposited it. Then the bank could make money by providing services to their customers.

If I had to bet, most people who have money in a bank today think this is how banks work.

But in reality, when a bank receives money, a bank will take some percentage of their customers deposits (90% or so), and then invest that money trying to make a return on it. This works as long as all customers don't try to withdraw their money at once.

But when enough customers... say 10% of the customers try to withdraw money from the bank at once, since 90% of the money was in other investments, the money isn't really there, and you get a bank run.

Silicon Valley Bank is not new, the whole reason we have FDIC insurance is to protect against bank runs. As long as this is the system we follow, we will continue to get bank runs.

I feel like the entire banking system is broken because "The money isn't actually there". There needs to be a better way then relying to the government to bail out banks who make bad investments. Either a bank should be backed 1 to 1, or there should be some other way to keep hold of your money.
But going to a website full of people who work in organizations and rules just like your own seems pretty wise.
I'm not sure I got what you're saying. Are you saying that "smartphones and social media" may be what is causing them to identify as non-binary?
It's terrible for the workers, because currently they get overtime pay beyond 9 hours, this law effectively reduces overtime by 3 hours. Women also play a bigger role in running the household, and with 12-hour shifts plus commute time, this must take a big toll on the family.
Which I guess makes it about semantics. If everyone takes out there money one at a time, one person each week, over years, they would be solvent. But if everyone did it at the same day, they wouldn't be able to handle it, making them insolvent.
What's inherently abusive about a 12 hour work day?

And you don't here complaints in the US because the US does not limit the amount of hours you can work in a day. It just says that companies must provide an unpaid break for more than 5 consecutive hours of work.
Agreed 100%. I've said this for a while as well. I can see lawsuits too because Social media companies are doing the same as tobacco, making changes to make the product more addictive and they also have the information to show that it is bad for health. I don't know to what level they are suppressing that information, but it seems likely.
No, they did the wrong thing by selling so late.
Well, you're functionally stuck with Framework, unless you want to go back to using the security key in the traditional way. I have the same issue with ThinkPads because of the TrackPoint, and can't go back to other laptops for work (some HP models had it at one point, but I haven't seen it in recent ones).

And, sure, USB killed PCMCIA, but I still prefer the embedded form factor and standard size of PC cards. Now we have a million USB devices, all with different form factors, and even different behavior depending on the USB standard they support. At least we've sort of settled on a single connector now.
I had never even heard of the Silicon Valley Bank. It sounds fake. Is this really a contagion risk?
> regulations do not work

That's quite a lot of extrapolation from one bank failure.
Please don't submit links to links, use the original url: https://dev.to/contxt/the-who-the-what-and-the-why-of-owasp-...

It's specifically called out in the site guidelines: https://news.ycombinator.com/newsguidelines.html
They’ll have chatGPT write it
Yes, that's the one! I knew it was something with "J"!
An explainer post [1] connected to that Tweet is something I found extremely informative (assuming it's accurate):

"- In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021.

- As deposits grew, SVB could not grow their loan book fast enough to generate the yield they wanted to see on this capital. As a result, they purchased a large amount (over $80bn!) in mortgage backed securities (MBS) with these deposits for their hold-to-maturity (HTM) portfolio.

- 97% of these MBS were 10+ year duration, with a weighted average yield of 1.56%.

- The issue is that as the Fed raised interest rates in 2022 and continued to do so through 2023, the value of SVB’s MBS plummeted. This is because investors can now purchase long-duration "risk-free" bonds from the Fed at a 2.5x higher yield.

- This is not a liquidity issue as long as SVB maintains their deposits, since these securities will pay out more than they cost eventually.

- However, yesterday afternoon, SVB announced that they had sold $21bn of their Available For Sale (AFS) securities at a $1.8bn loss, and were raising another $2.25bn in equity and debt. This came as a surprise to investors, who were under the impression that SVB had enough liquidity to avoid selling their AFS portfolio."

[1] - https://twitter.com/jamiequint/status/1633956163565002752
The problem with steel threads is that they take only a single path through a series of components. Rather than building something robust, you're more or less wearing a rut through the implementation strategy for a single service, and piling on use cases as you go. This is more or less how you end up with b2b "get 'er done" software, and you have to ask yourself if that's what you want.
Oddly enough, once the hype machine has moved on to TikTok: Facebook has stayed there. Come at me; I don't care. As long as they don't try to stay "relevant" and keep me "engaged" (I know, that ship has sailed), they're still a way to stay connected to friends & relatives.

Facebook should just settle into a comfortable senescence and die eventually, like any natural organism. Or not die, like everyone's been warning about classical music for 100 years. Unfortunately, MZ doesn't seem inclined to do that.

I never, never got any news from FB, and when someone gets political, or Instagram-ish with their perfect lives, I instantly Unfollow or Unfriend them. I never walked around staring at my smartphone with FB on it and I doubt any of the kids do, either.
The true death of silicon valley will come as a slow burn. Arguably the burn has already begun years ago.
https://en.wikipedia.org/wiki/List_of_driver-less_train_syst...
Related: John D. Clark "Ignition!: An Informal History of Liquid Rocket Propellants"
ergo the "limits to growth" :)
> But users should always have the final say on whose posts they view.

The difficulty there is the end users are not hosting or distributing content. Some server(s) need to host content. No one can be forced to host content. A host is always going to be the final arbiter of what content is ultimately available.

Even if someone wants to run a Mastodon (or whatever) instance filled with Nazi content no one else is obligated to federate with them.
My mother did twelve-hour shifts as a nurse because that was her preference. There were plenty of opportunities for more traditional shifts but because most nursing jobs with twelve-hour shifts are working seven days straight and then have seven days off, she liked it better having those long stretches of uninterrupted days off when she could pursue her personal interests. My siblings and I adapted pretty quickly and learned to hold anything that wasn't an emergency or needed immediate attention until her days off.
Preexisting gov't? Where do you live? Most people here live under a gov't - why are you being this obtuse. Bizarre that you think you are in a position to state what my intent was when my last response to you was that you missed my point. So much for making an effort to understand.
If the tide goes out and certain groups turn out to be naked, we shouldn't blame the tide going out and try to prevent that.
i think by that definition all fractional reserve banks are 'de facto insolvent', which would make this a definition of 'de facto insolvent' that isn't useful for fractional reserve banks, since it doesn't distinguish among classes of fractional reserve banks

and yes, the ceo did say that yesterday, which is likely why this happened
This puts the cart before the horse. Otherwise, you seem to be assuming that all people on social networks were somehow tricked into being there.

They're there for a reason. It just so happens that this current implementation of entertainment is particularly popular. Is that because they lack other options or because this is actually prime entertainment? Or is it because it's essentially free and mildly fulfilling and socially useful for people?

Either way I doubt a "solution" is to essentially "make it illegal."
Moderna to hire around 2k employees amid mRNA development push
> there needs to be some distinction between actually legitimate "necessary for functioning" data processing which would include stuff such as Google Fonts

Downloaded fonts are not "necessary for functioning". Just use the system fonts.

Essentially no actual user cares AT ALL about the fonts on your Web site. If you're wasting time and energy on stuff like fonts, all you're doing is frustrating users by not putting that time and energy into anything actually valuable... while wasting every user's bandwidth.

Anyway, you have no control over what Google does with that IP address (or any associated cookies), and likely no reliable assurance that what Google does with the information is "necessary for functioning". I would expect Google to tie that download to every other download from that user's browser on every other site, and use the results for every possible purpose. If by some miracle Google doesn't do that, lots of the other third-party crap that sites embed will. Often the third party providers' descriptions of how their stuff work will be missing, incomplete, unintentionally wrong, intentionally misleading, or outright lies, so to have any real assurance you'd need to do some serious due diligence on every third party embed. Which nobody does, and which would defeat the "easy use" advantage of using those embeds to begin with.

Nearly all Web pages could load without a single connection to any server other than the one in the page URL. It's completely appropriate to treat every such connection as a disclosure of information to a third party... with all the regulatory requirements that should come with that... regardless of whether or not you've gotten used to making those connections without thinking about them. If it takes big fines to enforce that, well, I guess that's tough.
Time to test if the regulation after Bear Sterns was sufficient. Surely it was enough to prevent issues as promised
$250k isn't much for a company with employees

you have to keep some cash somewhere to meet short term expenses (like payroll)
https://news.ycombinator.com/item?id=35096247

(I'm needlessly mean, I know.)
Probably safe to say: Stripe isn't going to be able to raise a couple bil to pay tax liabilities in this environment.
When the FDIC takes over a bank, they usually have some local cops around, to deal with crowd control and calm down upset depositors. See the 60 minutes video. There's a police car parked in front of the bank, but the cops are not doing much.