skysight-inc/HackerNews huggingface dataset:
It's a little unique because it's a top 20 bank failing. As far as I can tell, it's not super unique in terms of % of fdic insured deposits.

As a whole it's like <30% FDIC insured in the whole US banking industry.

> they’ll probably get all their money but it will still be bad

They may not. Even for banks where most assets are FDIC insured, you'll see that not 100% of deposits are returned. Selecting a random recent one:

https://closedbanks.fdic.gov/dividends/bankfind/Dividendinde...

~95%.
Ah, that's a trick question. There is no typical OOP definition of object. I used to think that only aspect everybody agrees on is late binding, but some people consider traits-like static binding a form of OOP.
Many people will not come out of this stronger.
Also, appliances have been subject to the same supersizing effect as many other things in the US, especially refrigerators. A kitchen built or last remodeled prior to the mid-2000s or so is likely going to have trouble finding a fridge that will fit properly because they've gotten so much larger.
Well a defense might be to increase their liquidity by selling those treasury bills, which would drive their price even lower, making other banks also be illiquid on paper.

So yeah I imagine all the banks nervously looking at eachother. Who is going to pussy out the first and cause them all to tumble over.
We have a US model Bosch dishwasher. As someone who grew up in Stuttgart it pains me to say I don't love it. It's reliability is so-so and the plastic parts on the inside break apart. I'm just going to chalk it up to cost-cutting for the export models but I could be wrong.
Mercury isn't a bank, it uses Evolve Bank & Trust and Choice Financial Group.
Boq sells itself the wrong way. Yeah the "nodes" terminology is misleading and never explained well. The real point of Boq is to just run your stuff, and as a consequence you have to use its stupid code framework for some reason, even though those are totally unrelated things. But in the end, that only affects like 1% of the code, i.e. you wrap your stuff at the highest level with something that gives the dependencies instead of them coming from a "main" file. Those who can swallow their coding pride end up saving a ton of headache having something deal with all the production stuff for them.

Pod seems to only be the "just run your stuff" part on paper, which would be nice, only problem is it sucks. Every little thing you want to do is a huge codelab, and it's less supported. So people default to Boq instead.
They are. That war was also unusual in that it was an attack on a country far away that wasn’t a threat to the US or UK, and there was little to be gained.

It was a strange time.
The society would need to agree on the seriousness of the crime of selling personal information. Is it as serious as selling drugs? A burglary? Rape? Do you think the majority of the Americans would share your opinion on the matter? Keep in mind US incarceration rate is one of the highest in the world.
You can sue thousands of people in Austria and remain anonymous? No way is that ripe for abuse.../s
Counterpoint: Now and always, as many times as it takes.
> The legislation limits the maximum workweek to 48 hours, but also increases the number of overtime allowed to 145 over a three-month period from the previous 75 hours.

A 5x12 shift would require 1/5 of the time to be classified as overtime. Indian labour laws seem to state that overtime must be paid at 2x regular wages.

Almost seems like it would make sense to hire more people and have them work 4x12?
That's not true. When interest rates go up, they have to pay the higher rates on customer deposits, but they're not getting any more from their bonds. Perhaps they can spread the losses over 10 years, but the losses are the same.
Past losses aside, the press release says that there are about $180B in deposits with the bank holding about $210B in assets. Assuming the FDIC liquidates and restructures the bank, I don’t see why deposits could not be made whole.

If there were fewer assets then deposits, then yes the 250k+ accounts are probably out of luck.
> I only skimmed through the landing page so maybe I missed it, but the value proposition isn't clear to me.

> If you're going to `await` for the contacts import to finish anyway, what's the advantage of separating the import
logic from your main API? It's blocked, so might as well be part of the same service, no?

> I could see maybe if the API returned right away with a pointer the user can later poll for task progress, but it doesn't seem like this is the case?

As you suggest, the API returns right away with a pointer the user can later poll to get the function result. Also, using `await` ensures the function is enqueued on our system.

> Side note: I like this type of web design, is it an in-house job or did you hire someone external?

Happy to hear this! We are working with a friend who is a professional designer.
What's the famous slogan? "You are your own bank!"
I don't remember about Netflix but Prime Video on Linux was capped to HD resolution (at least one year ago) so I went back to that thing that is more convenient and free.
> They weren’t insolvent yesterday

Didn't management/CEO/someone high up in the company say something like "We're safe unless everyone pulls out their money" the other day, indicating that they were de facto insolvent?
Aw shucks I wonder if any of my clients kept their working capital at SVB.
Chase has wanted this bank for years. Either they are taking advantage (takeover) or <conspiracy theory unfounded> helped accelerate it.
This is epitome between theory and practice.

My oldest just went to middle school this year. He has always had his own computer at home since young, so he's not new to technology. Personally I have not wanted to get him a phone mostly because mobile gaming is basically the worst thing ever invented. But I digress.

Do you know what happens in middle school? The teacher will give you time to do some assignment, and then you know what they let you do when you are done? Play on your phone. You know what nearly all kids are doing at lunch? Playing on their phones and chatting with their friends about it.

Now what happens if you don't have a phone? You get to sit there like the idiot without a phone. In middle school. Where kids are already learning just how much of little jerks they can be.

It would be glorious if the school had a no-phone policy. But they don't. So you want me to say "no" to my son so he can be the one that gets to twiddle his thumbs while every other single person around is playing on their phone and chatting? Yeah, makes sense.

Not to mention- the main reason we also had to get him a phone was for communication. That was our idea before we even realized how much they let kids use the phone at school.

Also without even the above, your idea of "they can see their friends in person!" is really cute. Yeah, because it's that easy. We live in an area that you can't walk to anyones house. So your brilliant idea is they can't communicate with friends unless they are taken to see their friend? And who does that? What if neither family can make it work?

I guess you don't know until you know.. but you- don't know.
There are some founders who are aware that their early employees are invested in the financial security of the company, and not only aren't scared of these questions, but openly discuss company finances.
https://twitter.com/Rippling/status/1634201986894577665
They 'understand' startups. That is, they were willing to work with founders of new ventures, didn't require insane proof of provenance of funds (because suddenly millions of dollars would appear overnight), and would support founders with mortgages, for example, that were running companies that weren't yet necessarily profitable but were well-funded nevertheless.
Damn, this guy HTTPs.
Yeah the problem with smoking is mostly self control. It's clearly not a good habit but you can probably smoke a cigar a month for social or even personal enjoyment reasons and get more good than bad out of it.
Yeah social networks seem to be 'generationally sticky'. This is probably just network effect shit. You and all your friends are on instagram and use instagram together as your 'main channel'. Tik Tok comes along, some join but some don't. But the next generation they join Tik Tok as their 'main channel' .. the process repeats.

Essentially:

Facebook = boomers
Twitter. = genx
insta. = geny
...

(but for some other shorter generational definition)
I stopped using Operator Mono
I wonder if the FDIC is just as efficient but this situation is different.
Zero-Effort Type Safety
I had it in my comment initially and removed it. When the bank's deposits are several magnitudes more than the limit, I don't think that distinction will do anything but muddy the waters.

Even if each owner had all 14 types, they only get $3.5mil in insurance. And the bank has, allegedly, somewhere around $200bil in deposits.
> You don't take your appliances with you when you move?

Very often, they do take some, but large appliances are expensive to move making it a convenient time to trade up, and many homebuyers are first time homebuyers moving out of places where they don’t own the appliances (whether young people moving out from their parents or ex-renters moving from a place where the landlord owns some or all of the appliances), so appliances can be a big boon to selling a house.
I mean if there are two this year, then being second biggest doesn't mean much?
Pipe, Clearco, Founderpath, etc, are going to have a busy month.

Likely many companies won’t be able to do mid-month payroll.

Someone will setup a market for the FDIC warrant on uninsured deposits, but that will take time.
In the FDIC priority list, stockholders are dead last, depositors first. If the depositors take any kind of haircut, I'd guess stockholders will end up with exactly zero.
For e ti's shocking how much people are in denial about this. In spite of us seeing with our own eyes that this strategy is being deployed and it works, it works depressingly well. In spite of that, many people I know try to dismiss the video, the speaker, and the main message conveyed by it. It is as if we got blind by our own request.
I think the Flux keyboard is a neat idea - personally I would prefer a small version, detached numpad-esque, but still with the changable modules, for ancillary input. Like a fancier stream deck.

As for the keyboard proper, I think its too late - a colleague and I are in the process of speccing out something for me to assemble based on my usage data, and I've caught the bug :) (just yesterday I spent a lot of time looking at keycaps of all things, I don't think I ever envisioned myself spending time on that sort of thing, but here we are)
It can work but it depends on the system. One field in which it's very useful is game development. I'm working on a language that has time travel debugging as a feature, so you can rewind a game back to a previous state. I've found it useful when there's a momentary bug that would be hard to recreate. With time traveling, you pause, rewind, inspect state, fix the bug in situ, then resume from that point to check that the behavior is correct.

Here's an example: http://docs.mech-lang.org/#/examples/bouncing-balls.mec

If you want these kinds of features in other systems, they'll have to be architected to support them. For example, the external database will have to be rewound as well. If it doesn't support that feature, then cool language-level debugging features won't be as useful.
Helpful link :)
https://www.johnsto.co.uk/design/making-dust2/
They've made an oopsie woopsie.
Disagree with this. Even myspace sowed a bit of discontent with it's "top friends" feature, with some people getting into arguments about being left out of the "top 8" or where they had been placed in the ordering.

When Facebook came around people had already cottoned on to trying to shape their presence a bit better but then shit really hit the fan when Instagram came around and everyone started curating a completely fake presentation of what their life was like.

Before Instagram there were no influencers. There were influential bloggers like Tim Ferris but 'influencer' and 'content creators' weren't job titles. To this day, I'm wary of anyone who isn't a photographer that says that Instagram is/was their favourite social media platform.
If you mark to market hold to maturity assets for any bank there are hundreds of billions of loses, fyi
I do this for my blog, i love to type in a conceptual prompt related to the topics covered and get a bizarre amalgamation to use as filler art.
Sure, they do that. But what do I do with a 5000 lines of actions and selectors that are all used somewhere, are all named somehow similar/unclear and only work in a specific combination/order, nobody remembers anymore?
Falsehoods programmers believe about digital identity: it exists.

Attempts at creating digital identity will invariably be gored by one of the two horns of the bull: either it is recoverable like a password-protected account and therefore anyone who can pass the recovery check can steal that identity, or it is non-recoverable like a crypto wallet address and therefore it can be lost due to carelessness.

Our philosophical concept of an identity is not stealable (you cannot actually become someone else, you can only pretend to be them in some way, and they don’t stop being themselves when you do) nor is it losable (you can’t stop being yourself).

Note that “recoverable” and “non-recoverable” are mutually exhaustive. There really is no third way here.

You might think you can asymptotically approximate a digital identity by making it exponentially hard for anyone except you to pass the recovery check; if you do, you’re also making it harder for you to pass the recovery check - you’re just offloading into the “non-recoverable” failure state (loss).

Likewise, you might think you can asymptotically approximate a digital identity by making it extremely easy to keep the access code so it won’t get lost; if you do, you’re also making it easier for anyone else else to steal the access code - you’re just off-loading into the “recoverable” failure state (theft).

It fundamentally cannot be done. Instead, everything must be built to work without a Single Source of Identity Truth.
Because SVB was an actual bank with deposits that is FDIC insured. This is their job and they always acted timely in any situation, even before 2008.

Bear Stearns in 2008 was an investment bank, they were not hawking FDIC insured accounts.
You do realize that nearly every single person at a middle school has a phone? They are about 10 when they start where I live.
The only thing I miss in my Miele dishwasher is some indicator of whether the dishes inside are clean or dirty. Many a time my spouse will run the dishwasher overnight and in the morning I will, unknowingly, add my dirty breakfast dishes and run the machine again.

I've also learned never to wash anything with aluminum: the metal becomes pitted and loses its smooth surface.
> it has taken possession of Silicon Valley Bank, citing inadequate liquidity and insolvency.

Does this settle the question of insolvency then? I didn't see that term in the other announcement.
I use a spiral ringed 3x5 mini notebook for most stuff. If it needs an entire notebook page I use my phone.
Are they really "healthy organisms" if they have unknown insolvency risks in their chain?
> The fact...

Proof or at least citation somewhere?
It may be worse that even (e.g. it has been for us). We have a Whirlpool/MayTag washer, and they pick who services it, and they chose for us a 1.8/5 star budget company that is completely awful and incapable of repairing things. But Whirlpool/MayTag refuses to do anything except keep sending them to us, and we have to schedule through them, which is also a huge nightmare. Do not recommend!
strong "days since last fatal accident" vibes from that sentence
For sure. The post I was replying to was for a seed stage company though. They’ve got $250k secured by Monday. My point was small firms can meet payroll and bills just fine with only $250k
But SVB wasn't even doing anything sketchy or disruptive, right?
> - Their Total Equity is around 13B (last balance sheet) -- that means if they completely dissolved and paid off all debts they would still have 13B on the balance sheet. Market Cap EOD 3/9 was 6.5B -- half of their actual asset value

They haven't written down all their bonds yet or seen what they could actually get for them. They only sold the AFS ones, they still have $117 billion in other securities.
> [Ignition chemical TEA-TEB] is quite expensive, costing roughly the same as the cost of RP-1 for the Falcon 9.

Is it true that the ignition chemical costs as much as the fuel? That sounds incredible.
I used GPT-3 for the heavy lifting and now I have oh so many opinions
Yeah we tended to utilize fixed point for many of our variables and documented the precision for each one. Then an analysis was done verifying that we were maintaining precision through the calculations from input from a sensor to output.
SolarPi experiment 1: The PiJuice Fiasco
I've noticed a U shaped price curve for some kinds of recycled computer. Here in the UK, Thinkpad X220/230 are currently in the minimum. As you have noted earlier Thinkpads are beginning to climb I imagine as they get recycled and there are less around.

(Way off topic for this thread so apologies)
No, G+ was like the turned an ACL system into a social network. I even heard of someone using G+ circles for access control internally! And the G+ rollout redid how end user login works.

It wasn't just the execution, the basic idea was bad. The few people this overly complicated thing would appeal to are probably not the kind to use social media either.
Yeah famously the feds step in and cover your deposits when [your wallet is compromised|you lost your password|your hard drive crashed|the price of your algorithmic stablecoin goes to zero|you put in the wrong address|you open an NFT that drains your wallet|your DAO hands all its assets out to someone smarter than its programmers].
If you put me in front of someone on an operating table and ask me to operate on them I would be incapable of doing it.

That's not to say I don't have the capacity for it. I just got put in front of a patient before I had the chance to digest any medical studies.
The irony is that, as near as I can tell, they cratered their balance sheet because they were heavily into long maturity bonds (i.e. super conservative).

https://www.cnbc.com/2023/03/09/svb-financial-falls-more-tha...

That seems an odd position to allow to build given the current macro. Post-Fed changing their mind on inflation, the course was charted.

I'm guessing they held to avoid taking losses, and at some point it became untenable?
>When people say “debuggers are useless and using logging and unit-tests is much better,”

Who? Who does say that? Freshman students who barely started coding?

>I suspect many of them think that debuggers can only put breakpoints on certain lines, step-step-step through the code, and check variable values.

That alone provides enough value to know debuggers are useful.
I have a running thesis that I've been building out in my head for a while, and continue to see more data to support it. Basically - our technology has significantly outgrown our biological and evolutionary roots.

So much of the modern world is unnatural from an evolutionary perspective. One post can reach millions of people, a far cry from how our brain evolved to process social connections. We just don't have the tools to process the modern media and social media landscape. I can't imagine what it's doing to the developing brain.

I see so much of society similar to a deer freezing in headlights. Cars have been around for a while, but only blink of an eye in an evolutionary timescale. Deer haven't been able to catch up. In some ways, I fear our society is quite the same for us.
> I suspect all depositors will be made whole.

Agreed. The FDIC report shows $209b in assets and $175b in deposits.

Even if they took the full $15b estimated loss to liquidate their HTM bond portfolio, they'd have $20b to spare before not being able to cover deposits.

Am I misunderstanding?
they aren't publicly traded
Most of the good staff were poached by First Republic over the past few years. That caused me to bank my current startup at FR after more than 25 years of SVB.

So I don’t think there was much for Chase to buy. SVB has been in decline for a while
Stripe?

Is Stripe adversely impacted by this given they recommended to merchants to use SVB and probably accounted for a large portion of deposits into SVB (from payment transactions)
I'm doing this manually now, combining JHipster, ChatGPT and myself.

An AI that can see into your Git repo would be very useful, as a helper.

So, I support this idea!
I'm not in a research field but I feel like someone looking for and then raising $20M in funding has already taken a very large step onto that slippery slope.

If I had $20M looking over my shoulder at my lab results I would feel a certain obligation to "perform" — or certainly to appease.

At first I can imagine data is legit but maybe a bit "curated" for the client. Later some data is dropped altogether. Maybe conditions are tweaked to get more promising looking data. Results that have an error range are penciled in to one end of the range or the other to, again, show more favorable results.

Naively I assumed there was a "purity" to research that would not even start on the path to looking for cash. Grants, on the other hand, as I understand them, don't have the same assumptions of showing a profit.
"Smoking kills" is a proven scientific fact, known for a very long time (since the 1940s https://www.cdc.gov/tobacco/sgr/2000/highlights/historical/i....)

Smartphone doesn't kill (and no one is arguing about this) and actually it's arguable whether it has really more cons than pros...

I can well understand that smartphones may cause some issues to children (and others), but that's never going to be seen as dangerous as smoking is
And all participants can be paid in Libra!
Poll: Do you still have money stuck in SVB?
Like many of you we have cash stuck there. Curious as to how many people have been caught and how many escaped.
Never had anything there / got out long ago
Had > $250k but got it all out
$0-250k stuck
$250k-$1m stuck
$1-10m stuck
$10-50m stuck
$50m+ stuck
In the previous thread, someone posted a video showing the process of the FDIC seizing the Heritage Community Bank in Chicago:

https://www.youtube.com/watch?v=KIh6NEBL8BU

It's pretty interesting.
> James Ray

John Ray?
I wonder how the context by which these enter the production environment affect the relevant harm caused by either. For example, drunkenness happens via escallations to those not on call, while tiredness comes into play routinely and at all levels.

As a result drunk individuals usually are facing narrow technical problems where thinking is required, and judgments already made, while tired people are facing the whole situation.
Finally, a politician who gets it.
Artificial turf potentially linked to cancer deaths of six Phillies ball players
420 - up in smoke
Which other popular companies have SVB as their main partner for providing products/services?
It has got heated in the past.

I have found "find a new web designer" to be one of the less difficult tasks to land in my backlog.