skysight-inc/HackerNews huggingface dataset:
>Depositors have a reasonable expectation that when they choose a bank (especially a publicly traded bank that is regulated) that their deposits are safe.

Respectfully, no sophisticated entity should ever expect their deposits to be safe beyond their insured limits. That is why
businesses purchase insurance on their excess deposits, and/or use other financial products to ensure they have no excess deposits.

Frankly, YC failed to advise its companies in rudimentary financial risk management. Holding millions of dollars in a single bank account and taking no measures to mitigate the obvious, enormous, (and yes, unlikely) risk of bank failure is mind-boggling.
> The sea of confusing types to solve any problem?

Mostly in typings either provided by the library itself or via the 3rd party DefinitelyTyped project. Some typings have been made so complex, that it is hard to follow what kind of concrete type is exactly expected or allowed.

[1]: https://github.com/DefinitelyTyped/DefinitelyTyped
> make customers, not owners, whole

Framing bailout with a different word like 'make whole' does not make it not a bailout. The bank played with those people's deposits and screwed it up. Rescuing all the deposits would just exonerate the bank of all its wrongdoing and set a bad precedent. "There are no repercussions for bad business management".

Per capitalist philosophy, the bank should sink, along with whatever deposit was in there - "Buyer beware". If you dont agree with that principle, it means that you are not subscribing to capitalism, but to social democracy in which capitalist principles are overridden by socialist principles to protect the public. And the moment you go that way, you open the door for questioning a lot of the setup that rules the modern economy.
You'll get no argument from me that most software is bloated and slow compared to what is possible. (I spent a lot of my career working on making code run fast!)

But it feels wrong to say that the caches are wasted. The code we write do not explicitly control the L1/L2 caches. So whether the code we are running is super-optimized or super-bloated, the caches are responding to what's actually being accessed to make that code run as efficiently as it can.
-> What are the types (or categories) of stars visible to the naked eye?
> I'm still waiting for the guides on how to run it on a real PC.

Mac __is__ a real PC.
They're all cost-cutting measures. It's a tradeoff between what the owners are willing to pay for the physical plant vs. what they think they can force down our throats without people walking out the door.

It's the same axis when you look at it as "how do I fit X developers a space that costs Y dollars, and I'm trying to minimize Y."
I heard the same, but there is no peer reviewed paper that has ever claimed that open office environments foster collaboration or assist communication.

Rather, every single study has asserted that it decreases communication.

Yet, it's clung to.

Which is why I think it's purely a cost saving (or flexibility?) move.

Office managers must love not having to care about how teams are sized? Only thing I can think of.
> Do you understand what is actually happening here?

Do you have an actual argument that falsifies what I've said? I'm all about owning up to my mistakes but right now I have no reason to believe I'm being stupid. I thought stuff like this was going to happen the second I saw the Fed raising interest rates to combat inflation. Looks like time proved me right.

> A bank is going under and potentially taking a ton of startups with it, not because of any poor decisions or lack of legit business model by the startups. It’s purely due to an internal implementation detail of the (until now) we’ll respected bank that holds their money.

Yeah sure. A "minor implementation detail" of the bank... Honestly, this isn't even the real issue at play here.

It's really simple to me. People put their money in the bank. The bank couldn't bear to watch the pile of money just sitting there. So it "invested" the money. Then it lost the money. Then they went under. Now everybody is losing their minds and the bank is getting liquidated in an attempt to make everybody whole again.

I'm sorry but I just don't feel any sympathy at all. It's not the first time a bank fails but people never learn not to trust them.

> I swear if it was called “generic bank” instead of “Silicon Valley Bank”, we wouldn’t be seeing all of these knee-jerk “good because they’re bad” responses.

Nope. I say the exact same thing every single time some bank-like institution fails: we warned you. When it's some crypto exchange, everybody here on HN gets a kick out of it. Now that it's some startup's bank, I'm supposed to feel sorry for them? No.
Zoom ≠ in person
The PeopleDAO is not a DAO, even though they claim themselves to be a DAO, because a DAO can't own title to property, and therefore can't own Ethereum that can be robbed. The PeopleDAO is a well-meaning club, not a DAO, that has a confusing and misleading name that owns title to property that is centralized, and therefore that property can be seized, and that property was seized.

An example of an actual DAO was last year's Genesis fractal experimental apparatus (links below). The PeopleDAO used an old-school spreadsheet accounting system (i.e. a Google spreadsheet), and there is nothing wrong with that. The Genesis fractal also used an old-school spreadsheet accounting system.

The same type of "theft" could have also happened to the Genesis fractal, i.e. stealing a password and editing an accounting spreadsheet. However, there was no Genesis property to steal. The Genesis fractal only had pure information stored in their spreadsheets and not title to property. The "theft error" would have been discovered eventually, just like the PeopleDAO discovered their "theft", but the Genesis fractal would simply need to re-edit their spreadsheet and not pursue the thief for the return of any property. This is a fundamental principle and feature of a DAO.

The PeopleDAO's fatal flaw was not understanding the principles of a DAO, meaning they did not understand the concept of decentralization and title to property.

The "PeopleDAO theft" is a wonderful case study for the benefits of a DAO and for the need for educational fractals like Genesis. Dan Larimer invented the concept of Decentralized Autonomous Organization and the word DAO, but it is poorly understood which is why we see heartbreaking theft stories like "the PeopleDAO theft" and the catastrophe surrounding Ethereum's "The DAO" (which was also not a DAO and suffered a similar fate as PeopleDAO). Ethereum's "The DAO" was a smart contract deployed to a "real" blockchain (i.e. it did not use a Google spreadsheet for accounting) but it still fell victim to an entirely predictable fate just like PeopleDAO - it held title to property.

The acid test of whether something is a DAO is determining whether the organization holds title to property. If the organization holds title to property, then it is not a DAO. There are many ways for an organization to use real property involving title (e.g. domain names, physical equipment like servers, land and equipment and anything other tangible, etc.)

If you know someone in the PeopleDAO, it would be well worth their while to read the following blog posts from Team fractally and to reach out to anyone on the Genesis fractal's leader board:

"What is a DAO?", February 20, 2022
https://fractally.com/blog/what-is-a-dao

"What is the Legal Standing of a DAO?", June 28, 2022
https://fractally.com/blog/what-is-the-legal-standing-of-a-d...

"Genesis Fractal Dashboard"
https://share.streamlit.io/matt-langston/fractal_governance/...
SVB was the sixteenth largest bank in the US. When businesses see that their money isn't safe in the sixteenth largest bank, they're going to cause bank runs on all the smaller banks as they attempt to move all of their money to the top three or four.

> No other banks have yet popped up with similar risk exposure so its not a systemic issue like 15 years ago and startups are not that big a part of the US economy.

That doesn't matter in the slightest. Companies don't do deep evaluations of the financial risks of their banks (as clearly evidenced by what's happening right now). They'll flee from what they perceive as unsafe into what they perceive as safe, regardless of balance sheet realities.
The thing is the primary harm comes not from the drugs but from the illegal market and from the controls that are put in place. This is especially true of the drugs that are both therapeutic and recreational.
Does it even matter if it has good feedback or not? Everybody hates every new app redesign, yet everbody still uses them and hates more the next ones and companies keep making millions and billions of money. I wish people would just uninstall any app they don’t like or they would consider addicting.
You seem to have thought this through well.

It feels like real dairy is being listed as a necessary casualty to technological/industrial progress at scale and the solutions, such as those that you're introducing, disrupt this sort of progress and its intended benefits. This sort of frustrates me (the theoretical demise of real dairy). I'm picky about my dairy selection as is, but I don't find any comfort in fake dairy (I'm not referring plant, or oat, or nut milk per se, rather lab grown ingredients and anything else that is fermented, stabilized, etc.). I have my own gripes with the dairy industry, but the mere thought of synthetic alternatives becoming the norm irritates me.

How all of this is made to become appealing only upsets me further. I want to get off of this ride!
Unless it's capital controls
The CTA only applies to British and Irish citizens, others are not allowed to make use of it.

So on flights, full ID checks have been in force for entry to the UK for any years - since around 1995 or so. One can still travel between Ireland and GB on ferries and avoid ID checks, but if one is not an Irish or British citizen, once can not make use the the CTA (which is not a "travel area", but reciprocal privileges for both citizenship's).
I found the Chomsky article simplistic: his arguments against the LLM lack of logic basically boil down to that LLMs are not aware of physics or logic, or social interactions. Well, guess what, they are not. Yet.

Humans are indeed 'trained' on a much larger set of data than 'just' the whole text of the internet. Indeed orders of magnitude more: think of all of the video/audio/olfactory/social cues/physics we absorb every day of our lives through all of our senses. How is that not infinitely more data than the public available text on the Internet? What is to say that a way larger LLM-like model would not be an AGI? why should human intelligence NOT be just a statistical engine?

After all, haven't we proven already that physics is more-or-less statistics at heart (quantum mechanics)? that doesn't make physics non-deterministic at human scale. So why would the result of an LLM-like model trained on reality be not-deterministic or wrong? How is a high-confidence statistical result different than reality?

In other words, nothing in Chomsky's article proves that humans are NOT statistical pattern matching engines. I am not saying that we are BTW, but it's an intriguing possibility that should be researched. After all, statistical methods and ML have made a lot more progress in the last 10-15 years than the MIT-driven, deterministic school of thought did in the previous 30. Cambridge lost, plain and simple.
The thing is we know exactly what time change does. It moves the clock back 1 hour for 6 months of the year. This reduces the difference between school start and sunrise by one hour.

Making school start Larter in general is a hard problem because there is only one real option and nobody likes it
The article tries to frame it as if the U-shaped mortality curve and “healthy obesity” hypothesizing have been debunked, but there’s no suggestion that the U-shaped curve was not real. What appears to actually be debunked is BMI>30 as a definition of obesity. As far as I can tell, epidemiologists operating within the framework of “obesity is BMI>30”, still the one most commonly used at the individual and epidemiological levels worldwide, were right to question whether obesity was universally unhealthy. They only become “wrong” when you redefine obesity, so this controversy seems to have been constructive in exposing methodological problems.
Sure, but $46 Billion left the bank on Thursday.

The bank run already happened, so the bank has to sell those bonds for a loss to meet its obligations to their depositors. Because of the interest rate changes, they are forced to sell those 10Y and 30Y bonds for a 20% loss (or greater).

As such, the bank is underwater. FDIC is looking for a buyer who is willing to lose a little bit of money in the short term, but maybe gain some customers in the long term.

----------

There's no time to wait 10 Years. The bank needed the money 3 days ago.
This design seems just fine:
https://www.navidrome.org

Try live:
https://demo.navidrome.org

One often wonders how an obscure open source project with a minimal amount of commits can achieve the same or better as these multi billion dollar publicly traded paragons of innovation.
My hack is to not own a car and commute by bike. It is exercise, but camouflages as required activity. I also try to deliberately walk instead of taking the subway regularly, even if it takes an hour or so.
I don’t know if we’re capable of pushing against the tipping point, but if feels like it will be arduous to return to a point where being obese is frowned upon and not hidden under figleaves.

We have an entire body positivity movement that makes people feel good about obesity. Culturally we’ve come to celebrate it. How do we expect people to keep fit under this culture? The main interests that benefit are junkfood on one facet and pharmaceuticals manufacturers on the other.

It’s becoming the modern alcohol but an addiction we could have avoided instead of celebrating.

As to alcohol while I don’t favor prohibition, I’d like ti return to an environment where no advertising/ promotion of said products is allowed.
I tend to be libertarian, but there are reasonable roles for government, and regulating banks and life insurers by forcing them to contribute to something like the FDIC and the state insurance commission (or whatever that life insurance thing is called) is legitimate even to most conservatives.

Stepping in to smooth out systemic problems is another valid function— like Reagan did with the air traffic controllers, like the FDIC does with bank failures, etc.

Anyway, I don’t think folks are asking for a handout. They’re just asking the FDIC to do their jobs more quickly than usual because so many businesses are tied up here. This is the reason there is an FDIC in the first place. I don’t think it’s unreasonable to ask them to smooth the process out to help meet payroll. None of this requires handouts— just proper management and metering out of the assets under consideration.
Rabies is generally fatal and is not new or genetically novel, and like the article linked, is a CNS infection that travels the peripheral nervous system. First recorded case was 4000 years ago, suggesting it’s likely ancient through pre-history.
Nietzsche over Marx, really? Why skip?
It's more a demonstration that their house was always built on other people's largesse, and at the whim of those who hold the real power in the system (the money to invest) their opportunities can evaporate. A bank run doesn't happen without individuals deciding to go bearish and concluding that their own big-money dreams are really worth more than whether strangers they haven't met get a paycheck tomorrow. Something we've seen a lot of as of late it seems.

Maybe building an entire society on a drastically slanted gap between the wealthiest and the least wealthy is actually super unstable and prone to failure?
Isn't the risk of bank runs increased without this assumption? If we're all consistently attentive and worried that we may not get our bank deposits back, then every minor hiccup at a bank could plausibly cause a run.
What? Low interest rates are literally the government printing money. High interest rates are the opposite of government spending. Also, this is one of the few places where the government can add / remove money to the economy without spending taxpayer dollars.
They're not helped, but they're not hurt. They're used to delivering lines to empty space, even in conventional work. It's all of voice acting. Many performances are re-dubbed latter in a studio, where they have better control over the sound. Two-hander scenes are often done without both scene partners present; a stand-in is used for the over-the-shoulder shots, and their lines delivered by a production assistant off camera.

The point is that actors are used to imagining things. Ian McKellen didn't need an animatronic Balrog; he had no trouble delivering his lines to a tennis ball (which told him where his eyeline should point). It's all in a day's work for an actor.

It does put requirements on the director to visualize the scene for the actor. You can see that fail in Phantom Menace, where very talented actors deliver terrible performances not because of the blue screen but because they were given no direction. The director's job is always to convey what the actor needs to give the performance they want, and that can be nothing more than words.
It crashes like a crypto exchange though
Federal law
But in the end, they grew it to $1.2M ARR. That some very cost sensitive people are finding other ways is not much of a loss because it's very hard to get money from those people anyway.

We are building windmill.dev this way and fully open-source, I'm less worried about copy-cats than about the project not taking off because of too much friction.
Do.any of these specialize in writing, or is this just a list of secondary remote job boards?
> People made content because they wanted to, and it was generally better quality than the corporate blogspam we have now.

People can still do that, and many still do. Possibly more do now than back then, in absolute numbers. The problem is search and discoverability, because of all the other, ad-driven content, and ad-driven search. More people would choose to not publish on ad-driven platforms if the alternatives (e.g. personal websites) would get them the same or better reach.
I was thinking more man-in-the-middle, not a sidecar device. Obviously more technically challenging to accomplish, but far harder to detect.
Repercussions? That's their jobs!
An early death means you won't have to suffer as long, I guess. I don't want that outcome for you but it's where you're headed.
Exactly. I got a letter from my last startup Thu at 11pm telling us they had no cash for payroll tomorrow and we were all laid off. Poor planning along with super-lean cash flow broke my employer.

This is no different. For example, how many business checking accounts are backed by money market funds to get a little interest on them? Clearly states in offerings that rates aren’t guaranteed and you could even lose capital. Same with the $250k FDIC limit - clear risk with zero forethought from these employers of hedging it with lines of credit, payroll/business continuity insurance, etc.

Those are things “slow” companies do, not move fast and break things companies do (sarcasm intended - I have worked in R&D in both types multiple times).
the singular they with singular _agreeing_ antecedent has been in use since the 14th C. https://www.ahdictionary.com/word/search.html?q=they

and the modern hyphen that sits on the same line as the text is from… Gutenberg. 1455. 15th C.

maybe after almost 700 years we can stop complaining that non-binary and trans people are ruining language, and start accepting that they can be singular and plural. and that it has uses to refer to persons of unknown gender or as a standin for a known gender. it’s pretty common and is not going to change because you don’t like it.
I am not in fact arguing for collective punishment. I am arguing for people experiencing the consequences of their choices. The paragraph you quote is about their ardent insistence on being allowed to make those choices without interference.
What makes you say that, other than the fact that Ally is a smaller bank?
Imagine Civilization trade meme screen:

+ You receive intelligence on foe biolab.

- You kill 7 million people and cause global recession.
equity holders will almost certainly be wiped out, so I believe the share are now worthless.

(the cramer curse.)
> With all the over-abstraction and layers of indirection that are rampant in modern software

Can you expand on that? Is .NET and Java, or Electron/Javascript an over-abstraction or too many layers? Or are certain patterns that, like CQRS or React?
So, when you're running a $3mm payroll, how do you do that while keeping money in an FDIC insured state.

FDIC needs to be reformed. I feel like it's been 250k for my entire life lol, at the very least the amount needs to be revisited.
The EIC was a major rival for talent to the British government. That alone should have given a fillip via competition.
I haven’t heard anything about high rates being the primary thing drawing people to SVB. The trap seems to have been giving startups access to credit that other banks would not provide, but only if you agree to do all your banking with SVB. That, and also several big VCs that required their portfolio companies to bank there. These things are what herded everyone into the building before it caught fire.
Ex-automotive designer here.

IMO the designers simply ripped a few small pages out of the DNA of the car and completely ignored the true value the target customers want: the legacy shape and feel, largely associated with Back To the Future.

The overall form is...nothing. The scale of the features is all over the place; there's no dominant order or memorable hierarchy. If it didn't have gullwing doors and had the Toyota emblem pasted on you would never guess it was a Delorean.

The curves feel disconnected and uninspired. Don't believe me? Close the page and try to remember what it looks like. Now conjure the original we know and love, see how easy that was? That's good automotive design.
Even for insolvent banks, a bank run is typically rare or if it happens, is a very slow-moving event because of FDIC insurance.

The difference here is that SVB’s customers did not understand proper corporate cash management practices and had deposits far in excess of FDIC insurance. So from a game theoretic perspective if you hear a whiff of insolvency then you want to pull your cash as fast as possible.

This is on startup CEOs as much as it is on SVB.
The bank's shares were at $270 on Wednesday, $106 on Thursday and $34 on Friday before trading was finally halted and feds took over. So under standard definitions of "worth", there is approximately zero in this company. It does not have a future.
>From the article, the conversions in Manhattan are producing apartments that rent from $3,500 to $7,000 per month because the conversions are too expensive for lower-end housing

But presumably some of that pricing is because of all the work needed to make those units comply with code? In the nytimes article they mentioned that for one of the conversions, they had a make a courtyard (literally cutting a hole into the building). I can't imagine that would be cheap. On the other hand if building codes allowed for shared bathrooms/kitchens and windowless bedrooms, all you'd have to do for a "conversion" is rip everything out and put in some drywalls.