skysight-inc/HackerNews huggingface dataset:
It's like airbrushing and similar techniques, except automated. It's better than life (face-smoothing filters, eye-enhancing filters, whitening filters, HDR that blows the colors to make up for the tiny sensor and minuscule optics, major sharpening artifacts, smoothing texture, the list goes on and on)

With old-school photo processing--yes, in a darkroom--you could achieve unrealistic results. But it was a choice. That's not what you got when you sent your negatives to the Costco to get printed. That's akin to the results I get when I use my camera, especially when looking at jpgs straight-out-of-the-camera.

In contrast, we get modern cellphones doing incredible processing to almost arbitrarily replace content with what some algorithm feels you'll like better, whether or not it resembles reality.

I lament that it usually resembles beginner photographer work, where they've just discovered HDR tone-mapping, local contrast, global contrast, saturation, sharpening, and smoothing filters, and promptly slam every single one of them to the stops. I did it, and now I recognize it when I see it in cellphone pics my friends send me via imessage.

Been there, done that. I recognize the stigmata of saturation slammed to the stops and excessive use of HDR and local contrast.

The default is excessive editing now, probably because it helps cover up limitations of tiny sensors, small optics, and poor exposure due to poor technique.
been meaning to try the Good Will Hunting meme format but its quite intimidating to do because you have to possess a pretty comprehensive view of how a typical intellectual progression through canonical sources evolves. even this one felt like a stretch and i've been working in related fields for like 3 years
They didn't act fast enough to save any of the SVB brand value which is now probably negative. I look forward to the SVB employee Halloween costumes reminiscent of Lehman Brothers in 2008.
> make sure that depositors have timely access to some meaningful portion of their deposits.

The FDIC has said they will do exactly this, as expected by anyone familiar with prior bank failures.

This will ultimately a hassle to manage and perhaps a very modest loss on deposited funds. Some companies will find their runway to the next equity event shortened by 5% or 10%.
Right, the implication is that they shouldn't have started their business at all because there was a risk that Etsy would use a bank that might fail.
> TLDR; 75% of the US dollars backing UDSC are held in US Treasury Bonds (virtually safest asset on the planet). The downside is thus very limited.

What's the duration on the bonds? SVB was holding lots of Treasury bonds, but with 10-year maturities, so they weren't safe from interest rate risk.
>I wouldn’t say they were greedy exactly. They made the wrong assessment that QE would last forever.

Ie. they got greedy.
The market price is full price. Maybe it's less than what they paid for it, but that's another matter.
> The US doesn't have capitalism. We have crony capitalism

No True Communism called, they want their punchline back!
What are the demographics of stars visible to the naked eye?
The large fish in the pond will be on the hook, so to speak.
They’re upset. Oh well.
An alternative approach of language learning I've tried has been studying with an audio tape series called Pimsleur Spanish, where the producers take the opposite approach to teaching: they provide minimal grammar explanations, but try to teach grammar implicitly. For example, instead of explicitly stating a rule for whether to include the equivalent of "an" when saying "I have an appointment," the program provides a couple examples (e.g. something like "Tengo cita con el profesor" and then "Tengo una cita" to imply that you skip the "una" when you say that you have a specific appointment with someone that you already scheduled).

I've also tried Michel Thomas's Spanish audio approach that takes a rules-based approach, by explicitly teaching word order and grammatical concepts largely with English, in a way that explains "rules" comparably to the submitted article. I found the course helpful, but I believe that there definitely too many edge cases in language learning for an explicit approach to reasonably cover all the nuances of language learning.

You've made a great point that it's often easier and more useful to learn about the nuances of language learning through implicitly picking up patterns of speech through conversation and immersion (I also think lots of reading can be helpful), versus memorizing lots of rules and their exceptions.

I thought the author made an interesting illustration, though, of how there is a lot of nuance with natural-sounding expression that might be missed from formal instruction. Immersion can be a great approach to solve this problem—even if a student can't move to a location where it's the majority language, experiencing a great deal of content for native speakers can help one implicitly pick up on natural-sounding patterns of communication.
you're calling for the state to insure 100% of all deposits?
That would be a fraction of the size of depositor back lending which would significantly reduce capital available for all kinds of uses. The current system is better specifically because it supplies guard rails that incentivize private investors and all savers to lend their money.
> Shocked that no VC or group of them haven't stood up a short term bridge loan facility since it was them who triggered the chain reaction that took the bank down.

Several groups are. They're offering anywhere between 60 to 80 cents on the dollar for the uninsured amounts. https://www.reuters.com/business/finance/hedge-funds-offerin...
What is all the “video” and “audio” and other sensory input but petabytes of data streaming into your brain? Seems like a pretty objectively measurable concept, right?
How to Solve a 25-Story Rubik’s Cube
Ya, I know. Fidelity's lockdown mode blocks ACATS, but not ACH. Hence why I covered ACH in my comment. ACATS is a non-issue, if you turn on Lockdown mode.
Well, no, that's only true if the bank doesn't have sufficient assets to cover secured deposits. Secured deposits were less than 10% of deposits at SVB and they have plenty of assets to cover that; the money comes from selling those assets. The only question is how much money uninsured depositors will get and where it will come from (selling the whole bank, or the assets individually).
"better" is not a very clear criteria
> electrolytic capacitors

I still need to get around to replacing mine with tantalums…
There is "knowing" intellectually and then there is fully understanding that a particular bad thing can happen to you.

I was aware of this regulation. I thought it was unlikely. But now that it is happened, I will be removing all my money from smaller banks over to TD (big Canadian bank).
They already took a hit on at least a portion of the HTM portfolio. That portfolio was book valued at around $98B per their 10K. The bank has/had other capital as well (and were well in excess of regulatory requirements).
I just did. There was exactly one other company that paid like a FAANG for staff engineer in my non-SV location and it was another FAANG.
Be sure to find out to see if you can check out issues from your library through Overdrive/Libby. Granted, I have to read it via a browser but can still read for free.
Buy T-bills if you need short term cash, other bonds if you can afford the time to maturity.

Saved you a click.
Yes, I'm aware that I can put money in multiple accounts, or get an account that spreads the money to multiple accounts for me. None of these are what I was responding to: the suggestion to "purchase 3rd party insurance." The closest in that article is DIF but even that isn't insurance you go and buy, it's another kind of special bank account available at DIF's member banks. As far as I can tell, you can't just go buy supplemental deposit insurance, but for some reason people keep suggesting that as something SVB's depositors should have done.

(And as someone who's worked as the first employee of a startup, I can tell you it was while before we were able to get a CFO.)
But even if we look away from that, main problem with Austrian school of economics (which is Mises) is that it is extremely rationalist (in this sense https://plato.stanford.edu/entries/rationalism-empiricism/) to the point it doesn't even accept any empirical evidence. And it is clear from their books, they simply do not reflect any real world data, it's all made up with no connection to the objective reality whatsoever.

Second problem is more widespread and it is that in practice, economics is always political (in the sense it includes some moral axioms whether you like it or not), and various right-wing attempts (austrian, objectivist, neoclassical) to repaint it as something objective are highly contested if you look at history of the profession. I think Ha-Joon Chang (whose https://en.wikipedia.org/wiki/23_Things_They_Don%27t_Tell_Yo... is also a great read) points this out very nicely in https://www.youtube.com/watch?v=NdbbcO35arw.
Government employees and the military are specifically the people who don't get paid in certain cases, for instance in a government shutdown. I don't think they are as protected a class as you think.
> my loan has been denied, I don't care what some unaccountable AI system can come up with to explain that.

> How do they justify that AI system getting to make decisions that affect me and my life.

so you, a priori, make the assumption that your loan _should've_ been accepted?

If the decision wasn't an AI, but some actuarial that calculates and computes based on a set of criteria, and the result is a denial, you could still make the same argument of "why is _this_ the process, instead of something else (that makes my loan acceptable)?".
Not everyone at a tech company, SV or anywhere else, is a tech worker. There are plenty of administrative and other support personnel that aren't paid nearly well as developers are and they are going to have a much greater need to be paid on time.
CDARS is one system. A whole bunch of different systems have been mentioned scattered throughout these comments. But the bottom line is that if you really need to know what the options are, you really need to talk to a financial advisor with expertise in this level of business. They'll know what all the options are.

This is a rather specialized and technical area of finance, and like most technical areas, I imagine it's hard to search for unless you know the magic terms and jargon to search for.
> and never stop a response in mid-sentence or mid-thought

I'm curious if this part actually does anything to improve the output, my intuition says it doesn't help much. I don't have it running locally to test yet, though.
What I'm saying applies to all banks including the ones I use, not just SVB. I'm fully aware of the fact a significant portion of my money is in the hands of a bunch of coke addicts.
> a range of net detrimental outcomes to the former.

I don't buy this - China has provided us with natural resources, cheap goods, cheap labour. Material resources of this world. And no-one forced us to take them.

The responsebility for the way it played out rests with us.
It's sort of like federal storm insurance for beachfront property. If you make it too cheap for people to take risks, they will take too many risks, costing the government money. So you have to make sure risk and reward are balanced.

When people choose where to bank their millions of dollars, they are making a market-based choice. Markets only work when, on balance, good choices get good results and bad choices get bad results. If people can make risky choices and still make money because other people bail them out, that creates a moral hazard.
> If you haven't played school sports or don't have kids who play sports, a coach can often wield more influence over a kid than parents can.

I heard a (possibly apocryphal) story. One of Tony Dungy's kids was playing high school football, and was just grabbing a slice of toast for breakfast. Tony tells him "you need a bigger meal with protein before practice."

A week later he sees his son getting up early to make a big breakfast, and comments on it. His son says "yeah, coach told me I need to eat more"
There must be at least a dozen of these. The hard part seems to be getting people to scan and upload the photos, and then getting others to tag the people (and not being bought by Ancestry.com). One that seems to have hit a critical mass is https://www.wikitree.com/ - it has some interesting features I haven't explored yet, like 'free spaces' https://www.wikitree.com/wiki/Help:Free-Space_Profile
If you have $160B in deposits but only $150B in liquid assets, you're still insolvent. Doesn't mean the assets aren't liquid.
Actual article title is:

> The 'Librascope' Mechanical Weight and Balance Computer

The modified title uses the term "whippletrees" that is not used or described in the article, which I had to look up:

https://en.wikipedia.org/wiki/Whippletree_(mechanism)
I'm not lacking empathy. I think it is more harmful than helpful to deny addicts the drug they are addicted to than to provide them legal means to obtain it.

Especiallu in the case of something like amphetamine, which does not directly cause bodily harm (an argument could be made that things like heroin and alcohol, which can and do directly kill, should be withheld)

When you prevent an addict from obtaining via legal means, all you are doing is forcing them to find illegal means, which may involve interacting with dangerous individuals or outright theft.

I do not believe my comment about allowing people to destroy themselves displays a lack of empathy - I dont think a family member or friend should not intervene if someone is engaging in self destructive behaviour.

But I do think it is immoral for the government to prevent someone from destreying themselves. It is not the mamdate of the government to prevent self harm.

I think addiction is not an issue in a vacuum. It is caused by underlying issues. We need to learn to accept addicts as they are. You cannot help someone when their needs are not met. To an addict, the drug is a need. That need must be met before deeper issues can be addressed. It is a fallacy (and dare I say a lack of compassion) to push addicts to the fringe of society by denying them legal means to carry on with their addiction.
Embedded took a huge hit recently. Google and Amazon uninvested significantly in IoT.
That's good on equipment. Smart of the NHL to subsidize like that... Ice rinks do seem to be more common the further north you go, and that's a significant expense as well, tho as you said may be subsidized. Is that true in less-affluent areas?
If you're an efficient market hypothesis, you don't believe there is any value that can be had because it's completely built into the market, so there's no reason to pay attention to the news and just buy a fund in the first place.

This likely depends on which version of EMH you're referring to, and what information is "efficient", but typically speaking you don't care if things drop or rise because you believe that it's efficiently priced.

Can you help me understand where you and I differ?
The Week in Ransomware – March 10th 2023 – Police Take Action
South Dakota Governor vetoes HB 1193 for UCC revision on digital assets and CBDC [pdf]
It’s both wrong and misleading. Think about this sentence literally: “These stones are almost identical to the ones early humans made, which suggests that the macaques unintentionally produced them while searching for food.”

First the similarities between these tools doesn’t suggest they were unintentionally created by the macaques. Next foraging and searching for food suggest different things, the macaques were breaking apart nuts with stones not looking for nuts the way “searching for food” implies. etc

Anyway, the “almost identical” bit is ignoring what’s actually being described. The stones created by macaques are quite distinct from what our ancestors made. So the similarities can help refine our understanding of those artifacts and possibly what may have kick started this kind of tool creation/use, but the differences make it clear
which archaeological examples are of actual tool creation. At the same time current methods don’t account for the similarities and may conceivably misidentify some sites.
I like Aeon and have regularly read it for a few years. I've found the articles to be pretty high variance, so I've been hesitant to recommend in general. When it's good, it's good e.g. https://aeon.co/essays/how-gods-beat-astronomers-in-the-sola....
The website ran fine on my S22. It wasn't perfect 60fps, but it did the job.
SVB couldn't keep selling assets because it was insolvent, not because the market was illiquid.
How are those graphics output to the terminal? Is that a special terminal or a library helping with that?
I like the "were you supplying SVB furniture" call out.

Seems so trivial compared to the scope of the rest of it.
For individuals, sure. Which is why I'm in favor of the FDIC system. It's a waste of time to make average people try to figure out the safety of particular banks just to be sure their $5k in checking is safe.

For people managing millions of dollars, though, I think they should, y'know, do their jobs and make professional-grade risk management decisions. Especially when the alternative is taxpayers coughing up money to subsidize their mistakes.
That is what will happen, and the assets will be liquidated against some depositor holdings.
I totally agree with this especially since it’s not clear that raising interest rates is even going to make a difference at bringing inflation down under the current circumstances given that it wasn’t wholly a monetary cause. Lack of supply of goods and good old fashion greed in aggressively companies testing pricing power are equally responsible.
I don't think you understand my question or the issue at hand, but I think I have found some answers.

It doesn't matter if it was already $1 right now. The assumption is that everyone purchasing USDC today when it was below $1 is planning on selling it Monday as a quick arbitrage.

Assuming the peg is restored by Monday, Circle is still going to have to have a lot of liquidity to meet the demands of a huge number of people trying to realize that $1. Again, today was the highest volume ever for USDC and presumably many of those transactions are people expecting to cash out Monday.

It seems very possible to me, that Circle will not be able to meet the liquidity demands of keeping the peg and fulfilling their promise of $1 USD for 1 USDC. If they falter at all, and the peg doesn't hold, then anyone holding will immediately panic and attempt to liquidate their position leading to a collapse.

The piece of the puzzle I was missing is that I didn't realize that Circle claims that they have cash reserves (cash and 30-day treasuries) equal to the entire USDC market cap. So anyone who trusts that Circle has the liquidity and cash on hand to payout everything views this as free money.

I would point out that this "arbitrage" existing for more than a brief moment implies there are lots of people who do not believe that Circle can meet these demands and are happily unloading their positions.
> The issue wasn’t that SVB couldn’t foresee higher interest rates.

Becoming insolvent because the rates reached ~5% when history has had far greater rates is in fact an issue for SVB. https://tradingeconomics.com/united-states/interest-rate

The federal reserve has dual mandates for both full employment and to have stable inflation. These mandates are in many ways opposed to each other. Putting the blame on the fed in hindsight is always easy, but unlike an institution with such a mandate SVB failed at one of the most fundamental parts of being a bank.
One time I called customer support for AT&T. It was actually pretty good. So that's my story.
> so I'm going to go with the banks I know the federal government will backstop.

Sure, there's nothing wrong with that. It's still a nonzero risk, of course.

But it's also not necessary. You don't have to assess the soundness of the bank yourself, really. You can bank with pretty much any random bank and get the same level of safety. You just have to actively manage your risk, is all.
there may be something good in the book(?) but talk about a title that makes the author sound unhinged

how about "vestiges of old fashioned bias remain in the ivory tower" or something
The correct answer is on the internet: Using Zoom, Discord, Skype, Teams, Facetime, or whatever your favored medium of internet video communications is.

In this day and age, particularly in the wake of covid lockdowns, meetings in the flesh are a waste of time and money, let alone the resources; and I say that as someone who doesn't subscribe to environmentalism. You need to talk to someone? Radio and telephones solved that a century ago. You need to see someone face to face? Video conferencing solved that a decade or two ago.

The only exception is if you must physically exchange something with the other person(s). Otherwise, whatever excuse you have to meet up with someone is vapid; save the time, money, and resources and just fire up Zoom.
You seem to be using cash sweep differently from how I do. Care to explain how you mean it?
Would a stress test have mattered here? The loans weren't the problem.

> The stress test is a forward-looking quantitative evaluation of bank capital that demonstrates how a hypothetical macroeconomic recession scenario would affect firm capital ratios

There was no recession and no loan loss. The bank was capitalized fine (albeit with underperforming treasury assets given interest rate increases) until it got $40 billion in withdrawals in a day.

This headline implies that being labeled as systemically important would have flagged what went wrong here, and it's not clear that this is true.
Depends how the job market is right now :)

I’d rather work for a job that’s most likely going to pay me in the near future and start to look around than quit and not be able to find anything else.
Windows has containers? How does that work?

I know Windows has WSL and Docker Desktop, but they both run a Linux kernel in a hardware accelerated virtual machine. I wouldn't call that native.
Oh, and that isn't a hypothetical example. Thousands of federally insured houses have been rebuild 10 times or more: https://www.nrdc.org/experts/rob-moore/flood-rebuild-repeat-...
From the letter on proposed banking regulation changes, coming to other states:

> HB 1193 adopts a definition of ‘money’ to specifically exclude cryptocurrencies like Bitcoin, as well as other digital assets. At the same time, these UCC revisions include Central Bank Digital Currencies as money ... the UCC’s first iteration took twenty years to be adopted by each state. There is no reason South Dakota must adopt the changes made by HB 1193 under this purported deadline. The uniform provisions may adjust as needed after other states experiment with this legislation.

Gov. Noem interview: https://www.youtube.com/watch?v=WVfRzWlmiXg&t=65s
Yeah people keep saying that but as far as I can tell from googling, there's no such thing as buying supplemental insurance for your bank account. Can you link an insurer that offers that?
If the startup was advised to do that by a VC who believed the government would come in and rescue uninsured deposits, then yes. And they should take up their frustration with that VC, not the rest of us.

Because banks use deposits to fund investments, deposits have a risk of loss. That’s why there’s insurance available for them. Businesses and wealthy individuals have been navigating their way through this risk for a long time. The need to do so is not rarified knowledge and the means are not secret.
I also didn’t know that. For others like us:

> get baked

> Smoking a larger than normal quantity of marijuana, usually resulting in a good few hours of laziness, desire to eat fast food (or junk food) and/or fall asleep.