skysight-inc/HackerNews huggingface dataset:
> For most banks, it is fine to assume a 20 year deposit window

Let me try again. You're still thinking about liquidity -- assuming a 20 year deposit window seems okay to me.

But the problem is solvency. It's not that the assets are illiquid -- it's that they insufficient. If you run a bank, assume a 20 year deposit window, and invest those deposits in safe assets that carry similar interest rate risk to the deposits themselves, then you are solvent. If depositors leave faster than expected, you may be forced to pay a spread or other haircut to sell your long term assets early, but that's a small effect and can be managed gradually as long as you stay on top of it.

This isn't SVB's problem AFAICT. SVB bought assets that were perfectly liquid (T bonds!) and (if I read the filings right) assets that are still fairly liquid (MBSes), but they had interest rate exposure that did not match the deposits. Savings account interest rates (at SVB!) were up to 4.5%, and those T bonds had much lower fixed interest rates. [0]

If depositors held their money at SVB for 20 years and SVB didn't have a bank run right now, SVB would still be in trouble: SVB would be paying more interest on those deposits than they would receive on their investments, and their portfolio would slowly go negative.

[0] Whether you think about them as paying low interest for a long time or as being marked to market at a loss and then paying current interest rates at maturity is immaterial. You end up with the same number of actual dollars at the same times.
I do wish we could get beyond the idea of "I don't like this system, get rid of it."

It's not realistic in a society this size to just chuck something like the Federal Reserve.

You'd think technologists of all people would understand that to get rid of a legacy system you need to make something so much better it becomes obsolete (or, at the very least, the embrace-extend-extinguish approach).
That's what I'm saying. That's not the bank doing anything fancy and failing because of it, it's them not doing the basic things every bank should be doing.
I did a bunch of research last year, replacing mine. I realized broadly there are three tiers of dishwashers, which each tier basically being the same model with more features turned on.

The low end was <$800, these tend to be loud and not as effective.

Mid tier was <$1800, these were much quieter and washed well, but were a bit slower in terms of drying, and had a slightly clunkier user experience.

Finally here were the ones that are $1800+. They tended to dry more quickly and had smoother open/close/slide feel.

I ended up settling on ~$1300 Kitchenaid. It was quieter than my old (cheapo) dishwasher, washes well, and feels nice to use.

I recommend visiting a specialty appliance store and physically interacting with the dishwashers. The Bosch ones surprised me by how unpleasant they were to use for their price. The Kitchenaid felt closer to the $2500 ones.
Don't worry everyone pays their mortgage...right?
I vote for Freedom Fence.
https://archive.is/6CuTH
These are great points, thank you for the insight. A small note I will add is that these days there are remote BIOS options available for servers like iDRAC
Ironically you are also on HN.
I used to carry a pile of notebooks, but switched to Concepts + Paperwhite on my iPad and use it every day.

I also created a blog with images made during boring middle management meetings which I keep on http://potato.horse
I helped implement fast conditional breakpoints in UDB (time travel debugger for Linux) - https://www.youtube.com/watch?v=gcHcGeeJHSA

We used GDB's conditional breakpoint bytecode https://sourceware.org/gdb/onlinedocs/gdb/General-Bytecode-D... to get a speedup in the thousands of times vs plain conditional breakpoints.

That works for us because we've got in-process agent code that can evaluate the breakpoint condition without trapping. It should be possible to do this in other debuggers with a bit of work, though we have the advantage of in-process virtualisation to help hide this computation from the process.
Agreed. Also too much money is hardly an automatic existential crisis. They can do what I described, get bought, merge, etc.

Of course if you dump it all into unwise investments, that’s a problem.
Then the fine isn't high enough. Make them higher. If they complain, make them even higher.

These aren't human beings. These are corporations: inanimate, unfeeling entities worth billions of dollars whose only point in existing is making money at your personal expense. They should think 10 times before engaging in any destructive behavior such as "leaking" patient data to advertising companies. If they're not afraid, then the fines aren't high enough and must be increased.
At first glance, bank balance sheets are unintuitive and feel 'the wrong way round'. When someone deposits $1m at a bank, the bank doesn't have $1m more assets, it has $1m more liabilities.

(Yes, this is a gross over-simplification)
I don't see it that way, but happy to be corrected. Please tell me which part do you feel is unnecessarily aggressive? Just the general concept of asking someone to communicate differently, or a particular part of my message?
Any attempt to answer that would heavily depend on how a "victim" is defined in each case.

Are people who attempted to opt out of online tracking, but got tracked anyway[0] victims? That's probably less severe than this case where a company sold health information, but it's definitely illegal in the EU and likely at least a deceptive business practice in other jurisdictions.

Are people who buy drugs and harm themselves by overdosing or spending all their time intoxicated victims? If the person is an adult and the drug is alcohol, that's not even illegal most places.

Are victims of secondary crimes victims of the illegal drug trade, of drug prohibition itself, or simply of the secondary crime? One could easily make a case for any of those.

[0] https://www.theregister.com/2023/03/03/online_privacy_tracki...
Oh my god. That's genius.
The online world is the real world now, or at least a large part of it.

Also meeting people in person is often annoying and damaging. I jest but, also not. :p
The market has demonstrated a demand for run initiators. Who are we to doubt?
Yeah, it seems companies should be mostly fine. Like you had 10 million in cash yesterday, but now you get 10m in 10y TBills, which you have to sell for $9m to get your cash back. It sucks but it shouldn't change the trajectory of your startup.
They mention Pingora near the end, another similar project, which also isn't OSS so not sure I'd expect this project to eventually end up OSS.
I’ve recently gotten over this sentiment with my electronics. When I was a kid, each device was an irreplaceable gift from a parent or represented the investment of a long time saving. So each device was treated with the absolute care. As a result I spent a lot of time babying hardware. Now I’m a few generations of hardware into being an adult and am retiring perfect condition objects that are just too slow. For what? I’ve come to the conclusion that I’m allowed to use devices exactly how I feel like it. They exist as tools for me to use! Looking back at my chunky MacBook cover in college is funny, now. What’s the point of a fancy surface finish on the hardware if you never get to see it?
Please explain how a pipeline owned by a consortium of European partners and Gazprom, that was (very) mutually beneficial to Europe and Russia, was a "hostage for Russia"? Maybe it had something to do with the US, which has been trying to sell more LNG to Europe?

https://peoplesworld.org/article/pipeline-ploy-how-u-s-natur...
Perhaps but I’d argue it makes a huge difference.

Svb had to sell at a huge loss for two reasons.

- the duration risk, this applies to both assets. Though shortened dates treasuries would have far less loss due to duration than MBS would.

- the size of the trade compared to the market. Treasuries are treasuries but each MBS has specific terms that make the market for them much smaller.

This only affects their MBS

If the held treasuries they’d be in far better shape due to the much smaller haircut they’d take.

Sadly this wasn’t th care.
How can they do that? They don't choose FDIC limits.
"Self-sovereign identity" is an oxymoron.

"Self-sovereign" means each individual is their own identity provider.

"Identities" must be uniquely identifiable, otherwise... they're not identities, they're just bits of data.

Practically, that means there must be a centrally-managed namespace of identities that is tightly regulated, ACID-compliant, etc. Federation is practical here, but it will all tie back to the central entity (e.g. government).
I don't think I've heard it in there. Though there is another common one from games that also makes its way into films. https://www.youtube.com/watch?v=D0dD_TACPx0#t=5m51 is one of the ones I'm thinking of.
We recently bought a high-end "duel fuel" range. It isn't for vanity, it's for utility and reliability.

6 gas burners including two special-function power-boilers (useful!), and two separate electric ovens. That means we can bake both the protein and the vegetable dish at the same time, while finishing other parts of the meal on the range (like rice or sauce) and cut down on the overall cooking time.

Instead of my wife or I spending an hour to 90 minutes of serial cooking, we can parallelize the cook time and spend 30 to 45 minutes. Worth it, especially since we're eating out less than we ever have, one of the positive changes to come out of the pandemic.
I think BullMQ with deployment in kubernetes gets people off the ground quite quickly and scale out quite well without needing to worry about fine tuning the solution. Also RabbitMQ has also worked pretty well for us handling around 150k RPM messages with delayed exchange enabled while running in kubernetes without any tweaks.
As a dev working on solution that is used in the industry of customer support, I am more worried about,

1. Data locality

2. Privacy

3. SLAs and Uptimes

While SaaS solutions like these can get us MVP/PoCs fast but a home grown solution is more preferable when SLOs are tight and security is a huge concern.

[edit: formatting]
High interest rate and naive customers who think they’re the smartest guys in the room.
The list overlaps perfectly with Wall Street’s Six Biggest Bailed-Out Banks...

https://bettermarkets.org/wp-content/uploads/2021/07/Better-...
He defected to Canada, but in 1970. The interview in the 1980s took place during the Reagan administration. The gp's argument is that there was a market for Bezmenov's just-so explanations, due in part to Reagan's policies. Anti-Soviet sentiment in the US was also high at the time, due to the USSR's brutal invasion of Afghanistan in 1979.

The more serious criticism in my view is that not many of Bezmenov's specific allegations have been well-corroborated since, although a great deal of information about the KGB became available, eg the Mitrokhin archive - although parts do remain classified (by the UK).

https://en.wikipedia.org/wiki/Mitrokhin_Archive
Does she work more than 40 hours / week? If so, she very likely gets paid 1.5x for any hours worked above 40.

Do you think Apple and Foxconn are paying Indian women time and a half for hours above 40?

That said, I'm nearly 100% certain that these women would rather have these jobs working in a clean facility than the alternative.
Maybe the cop should be put in jail for 18 years now, to balance things out?
With your solution you need to manage infrastructure. Why not abstract that away?
This is a bad take. It isn't the same situation.
We're not afraid of helping the competition. Example: we open sourced the entire runtime for Cloudflare Workers! https://github.com/cloudflare/workerd

Open sourcing something has a cost and we mostly only open source things like stand-alone libraries. We also mostly open source things that are fairly mature because it's hard to manage software that's rapidly changing internally and handle PRs from outside.
The conversation is around how to prevent similar white collar crimes. I'm sure it has been discussed before. I'm not sure what the conclusion is. Please provide some helpful information if you have any.
Sounds like someone needs a little "kill your heroes"-ing.
Update: I improved the algorithm.

The autopilot now scores a "perfect landing" almost every single time, it lands very noticeably faster, and the code no longer contains a complicated, trial-by-error formula!

I got my first 103+ point landing! (It does this about half the time now)

https://user-images.githubusercontent.com/1570168/224399420-...
Weird or interesting how SVB survived 2000-2002 tech crash , and also 2007-2009, but 2022 was too much. Every crisis or cycle is different. Unique challenges, threats, etc. This is why it's so hard to predict these sort of things. It's impossible to anticipate all the ways things can go wrong.
I have begun to use cheaper-and-cheaper notebooks. I started with Leuchtturm1917 notebooks, and... they're still great (I still buy on occasion as my "primary notebook").

But for cost-efficiency, I have other notebooks. Just composition books and wire-bound college notebooks for $1 or $2 at grocery stores and/or pharmacies. Just whatever cheap 70-page crap is around.

------

My cheap notebooks get one augmentation to make them comparable to the Leuchtturm1917: an automatic numbering machine (https://www.hittmarking.com/products/cosco-automatic-numberi...) to number the pages.

Numbered pages are excellent: they allow you to write "Notes continued on page 45". And have page 46, 47, 48 on a different sub-subject as needed. I think of page-numbering as a "FAT32-like filesystem", with a linked-list connecting notes together. (Ex: when I'm done with a notebook, a single thought may go from page 4, 5, 10, 25, 30. I always work from the book beginning to end, but my natural life causes me to revisit ideas at different times, irregularly).

---------

I suggest buying pre-numbered notebooks (like Leuchtturm1917) to "learn" how to use page numbers as a note system. Later, if you really like the methodology, buy an automatic numbering machine and just make the page numbers yourself.

-------

I'd say that maybe 50% of what I write, I revisit later. You want to get into a habit of writing everything that's useful (meaning you're writing down + saving many things that are non-useful). Later, you can make pages that summarize earlier thoughts (ex: page 50 may have a summary of pages 10, 15, 20, 21, 22, and 23, and guide you back to earlier notes).

But this is only effective if the pages were numbered.

When your "cheap notebook" fills up at 70-pages, you can rewrite the important information into the more permanent books, and throw away the cheap notebook. It will be 50% filled with useless crap anyway, so a revision pass is expected and necessary. "Writing to throw away" is a good habit IMO.
I'm not sure of exactly what you need but a few years ago I toyed with my own OSM server. There was a tuto on a site named linuxbabe to install everything on Ubuntu.

FWIW I generated all the tiles up to zoom 18 for France (which is the best mapped country as far as OSM go), it represented about 300 GB of data.

You will need a big SSD, 16 GB ram for a big country, 32 GB for Europe, I think you can do the world with 64 GB but ofc more is always better.
Count a few weeks to generate everything, probably less if you have a very good computer / server (mine was quite old, 2012ish I think).
With multiplayer, I'd favor turn-based since with real-time you're optimizing for KPM / keying memorized commands very fast. In single-player I think the pause mechanic as in Dwarf Fortress and Paradox games has not been explored enough for strategy versus AI - it would be a refreshing break away from waiting for "events" to trigger after x amount of years. Otherwise from experience I've found the single-player campaigns in real-time to be very enjoyable, and turn-based to be more often a slog. I don't think that's the popular view for 4x/Civ players but the expansionist micromanagement phases for half the game are not that interesting. Exceptions are the more "tactical" games, but barely.

It's been many years since I played, but I think of StarCraft here - your early mining rush phase lasts a scant few minutes before you're pumping out this or that unit and scouting around the map, and you can pause freely to decide what to do next. The pacing is just nice.

The most frustrating thing about turn-based is switching mental gears to deal with pacing, from deliberate methodological play, to burning through your turns quickly to get to where you want to go next. Roguelikes are like this on steroids. There can be many elapsed turns of nothing in significance and no imminent danger, then suddenly, you're in too deep. Unfortunately in those cases there's no save point.
That was my first thought as well[1].

[1]: https://www.urbandictionary.com/define.php?term=oxy
Colloquialisms abound, and they are not to be taken literally or we'd have actors with broken femurs everywhere in the English-speaking world. Understandably, colloquialisms can be very problematic for those learning a new language. Is that the situation in your case?
He was back in Canada by 1989 until he died in Canada in 1993.
Nord Stream: the tanker Minerva Julie spent 7 days idling near the attack site
> What I don't understand is why do banks work this way?

This is such a great question. It has depth and nuance. If I understand it correctly, it comes from a place of wanting stability. Why wouldn't anyone design a banking system that is fully backed and stable? Who the hell wants these violent booms and busts? This looks like something that can be kept stable right from the get go.

I hear you. The main reason I can think of is that "banking is crookery".

The old goldsmiths were crooks who understood fractional reserve. Imagine if we were to ban the current system and asked banks to hold every deposit 1:1, they could - for a small fee. But that will mushroom a black market of lending for interest. All the banking crooks will have no choice but to go to the black market. This will cause the black market to grow faster than stable banking, which will lead to more unregulated chaos.

The only alternative I can think of is equity-based islamic finance style banks. While these banks have interest in varying forms, they don't have as much asset risk because the interest rate is largely meaningless because lending/borrowing is not the main way to earn money.
> you don't need the internet to do things or be a person

The new paradigm is that everything has shifted online. The Internet is the proverbial town square. If you don't participate, that's on you, but all manner of discourse happens online now, and most importantly; that discourse shapes public opinion, and can have real lasting change in the world.
"Be meek and they shall not come for you yet" seems like solid life advice.
I thought moving to 144 Hz monitor made sense just for gaming, but now on 60 Hz monitor just moving the mouse on desktop feels as if the PC is struggling
Expensive notebooks have the opposite effect on me. When I pick one up, I appreciate the effort that went into making it and the fact that it was designed counter to a bottom-barrel cheap philosophy. This puts me in a mindset to do higher quality work. Its cost never crosses my mind. Sure, moleskine-like notebooks are more expensive than run-of-the-mill Staples ones, but in absolute values, they don't really cost much.
The environment influences brain development
My family has withdrawn ~95% of our bank holdings after looking into the health of banks and the broader financial system. Not going to say too much, but the funds didn’t reenter the banking system.
Identity cannot be self-signed. "Self signed identity" as you call it is just a pseudonym. Anyone who has access to your private key can post with your "identity" and there is no way for checking fraudolent usage. If you see two instances of an account signing something with the same private key you cannot say that those two actions belong to the same person. You can only say that those two actions were performed by some entity which knows the private key. It could be the righful owner, it could be a hacker, it could be a bot.

On the other hand, a real ID check makes sure with a high degree of certainty that the person is actually the same one who performed other actions (was born, purchased a home, has money, etc.)
> but typically all depositors are made mostly whole again

Typically, but no guarantee. And on what time frame, nobody knows.
This ties well into the "three days to Kyiv" expectation at the start of the Russian invasion of Ukraine. Russians really did think that Ukraine had been subverted to a degree that it would just roll over and die; that leadership would run away and local resistance would be limited to disorganized pockets that riot police could suppress, but their informants and agents just stole the money and reported what the Kremlin wanted to hear. Calling the invasion a "special military operation" shows how it was thought of as a special operation by intelligence services instead of conventional war.

But Zelenskiy responded with "I need ammo, not a ride", and instead of unarmed protesters, Russian riot police convoys driving into Ukraine were met by Armed Forces of Ukraine.[1]

[1] https://www.youtube.com/watch?v=12qWthUM_II (Riot helmets and shields are clearly visible.)
"unnecessary panic run".

Say you are a Small Company with $5mm in a recent fund raise that you have at SVB. You use that $5mm to make payroll, pay amazon, your office, AT&T for your fiber, buy macbook airs for your employees, etc...

Now - you are listening to the recent news, and it looks like SVB is going to be taken over by the FDIC. If that happens, you will be insured up to $250K, but the rest of your $5mm, all $4.75mm is now frozen. You will be given a certificate for the uninsured funds, and you will be in line to be paid back, but (A) Not immediately, and (B) you may lose part of your funds.

You, as a rational CEO, would probably want to put your money in, say, Wells Fargo, where it wouldn't be frozen, and you wouldn't lose any of it.

That was the basis of the liquidity event that just happened.
This sounds like monad transformers in Haskell. But fuzzier
Rippling, the payroll company, reports that payouts "in flight" may fail.[1]
They used Silicon Valley Bank. They're switching to J.P. Morgan Chase.

[1] https://twitter.com/parkerconrad/status/1634237386564730882
I was taught disruption is good.
> Now, you have no idea what ads or manipulative dark patterns your kids/teens are getting on their phone.

I’m not sure about teens. But I’m present when my kid plays games and he despises ads and micro transactions as much as I do. He’s also not allowed to buy anything so he’s more selective about what games to play (a few ones that we have subscriptions for)
That's inherent to any GC algorithm. More CPU time = less RAM usage because garbage is collected more aggressively. I don't understand why you think that JS, a JIT compiled GC'd language, doesn't warm up and doesn't have to trade off GC time vs memory.
Why would a company have different ownership categories for their accounts? Wouldn't all of their accounts be wholly owned by the company and no one else?
Most of those social networks are responsible for their own demise...

Facebook was for looking at content from friends, and then it moved to mainstream media recommended content, ads, and every 20 or so posts, something from a person you actually knew.

People then switched to instagram, where it was based around photos (and not "statuses"), and it was great... now it's 20 photos/videos of "suggested content" and one of someone you actually know.

Social networks should stay social, not become another cable tv provider with "recomended content" and ads.