skysight-inc/HackerNews huggingface dataset:
https://docs.yubico.com/software/yubikey/tools/ykman/OATH_Co...
ETFs have weightings. SVB actually was a big portfolio piece for some ETFs. Especially because during COVID and the money printer boom, SVB stock went to the moon and hit $800 / share at one point.

I don't think ETFs are a good sign. One of my favorite bank ETFs, PGF is only down 6% on sentiment which isn't much.
And you think Jason who-the-fuck-cares-about-what-he-thinks Calacanis somehow has a meaningful role in a scare campaign? He was just one of the scared people.

And guess what, the FDIC and the administration actually do believe there was a clear risk of regional banks going under. That's literally the topic of the article you're commenting under.

I feel this solution is too strong handed and I don't think the world would have ended if there wasn't a solution tomorrow and a hundred startups would have to take a 20-30% haircut on their raised funds by selling their claims, so I don't agree with Jason, but calling him evil for his standpoint and voicing it is what's ridiculous.
> Web analytics is boring. Cron job monitoring is boring. Running a backup service is boring...

I think you are missing part of finding customers in crowded market. It is very not boring and not trivial.
As others have said, you're supposed to start your text as if you are answering your own requests and the model will complete the text for you.
No, the solution would be to handle the unexpected closing specially and gracefully, for example trying to reopen the channel and retrying the higher-level operation once.

The other question is why the threads are receiving interrupts in the first place. Depending on the reason, a different course of action might be appropriate.
Yeah, and once you do that, the shareholders at other banks will be asking their CEOs questions, like 'Prove to us that you're not doing the same shit that sunk SVB.'
The term to google for is "insured cash sweep", but the specifics depend on the particular financial institution you work with. Instead of a single insurance provider, your cash is sharded behind the scenes among many member institutions. Here's one bank I picked at random from Google[0]. Brokerages like Schwab[1] and IBKR[2] also have a private insurer (both use Lloyd's of London) they offer as a service to customers.

[0] https://www.stearnsbank.com/personal/high-balance-deposit

[1] https://www.schwab.com/legal/sipc-account-protection

[2] https://ibkr.info/node/2012
(By way of explanation, the parent commenter's voting district covered the Mercier and the Hochelaga-Maisonneuve neighbourhoods.)
at the end of the day, everything in life is political.

Did you also consider that the political incentive for a regulator are at odds with the ones running the bussiness. (mainly, not getting people killed).
Thank you for checking my site out! The front end is simply a single HTML template using bootstrap, served using Django. Feel free to ask any more questions!
NuShell is properly MIT-licensed, and is therefore Free Software.

Powershell is kind of MIT-licensed, except for the parts that aren't but are still an integral part of it, so not really, and is therefore not Free Software. At least, it's not DFSG-free.

https://bugs.debian.org/cgi-bin/bugreport.cgi?bug=834756

https://github.com/PowerShell/PowerShell/issues/5869
I completely agree with your point here, but I also don’t agree with this announced decision.

There should definitely be a place for a company to hold $10M without risk. Maybe $20M.

That doesn’t mean that it needs to be the same place for a company to dump $3B.

My point is that there is a lot of room between the (previous?) $250k “limit”, and the apparently new “infinity” limit.
The stock crashed because of the initial pseudo bank run due to high interest rates on capital (at least that's the reason given for withdrawals), and the bank's subsequent failure to make up the difference after selling a treasuries portfolio. After which a real bank run occurred. Then the bank started down a path of a more desperate measure, and that's when they were shut down. At least that's what I got from an article.
Agreed. This is what shocked me most. I have always thought VC = Vulture Capitalist.
Oh, Soma FM..
As well as of an oligopoly-dominated economy.
> Another popular simplification is to say something like: You have 300 million vehicles. Divide them such that 1/24th of them start charging every hour and that solves your problem. Only 12.5 million cars are plugged in at any given time.

> Well, no, that's not the way reality works. This is the equivalent of over-
simplified academic physics problems where everything starts with the equivalent of "assume a cow is a uniform sphere of milk one meter in diameter". Works great for simplifying problems. Sucks at painting reality.

Yeah, you're right. Grid aware charging and price signals will mean charging will shift to times when energy is cheapest. So rather than being a constant additional load it will fill in all the times with low load reducing the peak requirement to lower than the average.
Have a few little scripts in my public [1] dotfiles repository. One of my favourites is

git-clean-squashed

Which finds all squash-merged branches in the current Git repo, and warns you before deleting!

https://github.com/benwinding/dotfiles/blob/master/bin/git-d...
It seems like a bad idea to have a large amount of static cash sitting in an account unbacked by any asset, regardless of who is your primary bank.

It seems to me, your financial advisor should've had a plan for rolling this cash through CDs or short term bonds and distributing it across multiple institution to decrease your exposure or at the very least increase your FDIC insurability.
Pretty disappointing that they again are being lax on their own rules. And cover the full depositions and safe startups bad money management.
Or perhaps “CEOs should hire a CFO”

Founders are often coming into new levels of financial responsibility when they get funded and as their business draws in later rounds of investment and customer revenue. You can’t assume $4M works the same way as $40k or your liable to lose a big chunk of it. Thankfully, there are professionals whose role is to help with that.
Makelogo.ai: From idea to $65,000 exit in 3 months
Of course not. The activist to whom you are replying is using one of his tactics, "lies and distraction" in order to hook people who may not take the time to watch the video.
I think they are not completely blameless. Companies deposited money in a riskier-bank because they got more favorable terms/perks/... compared to other options. Now they don't have to bear the results of that risk because the Govt has stepped in.

Similar to the current US discussion around Student Loan repayment. Bailing students out of loans disadvantages everyone else who did not take those loans, or who paid them off already, because they had the foresight to choose a less-risky option.
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I'm not in the enviable position of needing to allocate huge multiples of the FDIC limit, but this has been a learning experience. I knew that for individuals, you could use the FDIC limit multiple times, by having joint/single accounts at the same bank. I now know that does NOT apply to business accounts.

I will likely open accounts with a couple banks in the coming months, so that I can shuffle things around if needed. I was already looking at ways to get higher yields, and I guess I will diversify while I'm at it.

I'd be curious to know what folks are doing who have to manage 10-20x the FDIC limit. Seems like we're all now on notice that bank runs are a thing, and it would be irresponsible to put all your eggs in one basket.
The distinction is just because you "don't care" about the values right now, nothing stops the next developer (including future you) from needing the values.

So now you've gone from not caring to "enabling someone to shoot themselves in the foot" if they don't read the types of the parameters carefully. That's the difference.
> When's the last time you saw a critical appraisal of any senior YC people on this forum?

There was a post a couple of months ago asking what's the secret behind Sam Altman's excellent aptitude when it comes to grifting. Those weren't the exact words, but that was the general attitude of the post. But that post was part of the few exceptions that confirm the rule.

Found the post [1]

[1] https://news.ycombinator.com/item?id=34471720
The founders refuse to adopt tracking of user flows through a web site, allegedly for privacy reasons.
So these 'crypto banks' would not be able to make any profits from the assets they are holding? Which would mean they have to charge some fees instead?
I’m not being lazy? I am taking extra time and expending extra energy to make sure the metadata I put in code is as informative as possible. In this use case `any` carries more information. I use `unknown` in place of `any` exactly as it’s intended wherever I’m able.

Also, please don’t continue to be a jerk at me.
Gitlab Git issues is getting spammed with links to streaming services
What large bank is not lobbying against regulations?
> I believed that VCs and startups were mostly good people trying to do the right thing.

I'm sure a lot of mortgage originators in 2006 thought they were doing the right thing by getting risky people into houses before prices rocketed into the stratosphere, because, you know, home values never go down.
I've seen this at my local indoor soccer place. There is a former NWSL (womens pro soccer) player that plays on a team in the top Men's division and she just shreds these guys, some of them former college players. It's even worse when she plays in co-ed leagues because the 2-point per female goal rule.
> AI will probably be boring eventually since it's a large umbrella.

it depends on if advancements will be slowdown. If capabilities will start growing exponentially aka singularity, then we will have very aggressive ride to the new level of humanity development.
They quite literally made exceptions for SVB and Signature only.
We had a postal bank in the United States as well. https://en.m.wikipedia.org/wiki/United_States_Postal_Savings...
You're right. That's why I believe in UBI and Universal Health Insurance as well. I speak about this quite a bit, and build it too:

https://community.intercoin.app/t/new-ubi-movement-mayors-ci...

https://community.intercoin.app/t/fund-for-refugees
For many people, and companies, there are not enough banks for them to do that.
> Many told their startups ahead of time to pull cash from a failing bank.

Still pissed about that. It was the proximate cause of the bank run.
> Without going too deep: If you need 100% backup for solar, why use solar?

In addition to this being a lie, if we pretend it's true then there's a sufficient reason. Solar costs less than the marginal cost of other generation except wind.
I think they were solvent im the beginning of the week. But idk if it was just because they didn‘t have to mark their underwater investments to market
Could you post some example? I'm out of the loop. Who did what?
This might help you: https://www.hpc-ai.tech/blog/colossal-ai-chatgpt
Heath bar at best. Definitely not 100 grand or a payday.
You think the CEO of a 100 person startup should be worried about something like a bank run happening? It's not the 1920s. Most people don't ever consider that money in their bank could disappear for no reason.

Next you should tell me they should worry about "the big one" hitting Silicon Valley which we know the actual odds for and people still seem to live there.
Or just put into T-Bills, which private individuals can do from their phones.
A novella? A short story? Both of these are common enough that I find this particular example rather strange.

ETA: And now I see it's in the context of non-fiction, ignore this. But I remember seeing novella-sized non-fiction books around about a decade ago, they were just not that common.
Taxpayers are not on the hook for any deposit losses here. From the statement: “No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.”
Creating games from the code side is actually the best way to make them. I'm currently working on a large FPS and I mock everything with capsules and boxes. Also it's better not to trust on the data serialization of the editor, but creating your own structures and parsers to store data in code and files. You can either use assets from the store or make your own programmatically.
Starlink is at 550 km.

A geosynchronous orbit is 37,000 km.

GPS saltines are at 20,000 km.

While not geosynchronous, they're certainly not in the LEO easy to hit target.

This is mentioned in the Wikipedia page - https://en.wikipedia.org/wiki/Anti-satellite_weapon

> US intelligence, surveillance and reconnaissance (ISR) satellites orbit at about 800 km (500 mi) high and move at 7.5 km/s (4.7 mi/s), so a Chinese Intermediate-range ballistic missile would need to compensate for 1350 km (840 mi) of movement in the three minutes it takes to boost to that altitude. Even if an ISR satellite is knocked out, the US possesses an extensive array of manned and unmanned ISR aircraft that could perform missions at standoff ranges from Chinese land-based air defences, making them somewhat higher priority targets that would consume fewer resources to better engage.

> The Global Positioning System and communications satellites orbit at higher altitudes of 20000 km (12000 mi) and 36000 km (22000 mi) respectively, putting them out of range of solid-fuelled Intercontinental ballistic missiles. Liquid-fuelled space launch vehicles could reach those altitudes, but they are more time-consuming to launch and could be attacked on the ground before being able to launch in rapid succession. The constellation of 30 GPS satellites provides redundancy where at least four satellites can be received in six orbital planes at any one time, so an attacker would need to disable at least six satellites to disrupt the network.
> The depositors “took risks” by literally keeping their cash in a bank? This is ridiculous

Its not ridiculous. Its how the free market works. Its a choice. There were other banks that were compliant with the regulation that !protects! the bank and its depositors. This bank wasn't one of them. People put their money in this bank anyway. It makes little difference if many startups were forced by their VCs to put their money in that bank - they chose to go with those VCs.

> What was the safe, responsible thing to do? Put it in one of the “too big to fail” banks instead, given that those are guaranteed to be bailed out should they encounter difficulties?

The first thing to do was to put their money in banks that have not lobbied for exemption from the regulations that protect the bank and its depositors' money from exactly what is happening right now.

The second thing would be to put it in multiple banks that are not exempt from that regulation to spread around the risk.

The third thing would be to spread the risk around many investment tools and banks.

It turns out that there ARE startups that did precisely that, and they were not affected by the SVB thing in the slightest manner.

> Let’s not pretend that literally keeping cash in a savings account is irresponsible risk taking.

It is unless it is a state run bank, period. This is the free market, and if the organization that you are putting your money into is a private organization, you are simply taking a risk. If that does not sound good, then it means that all the rhetoric about free market vs government should be revised.
https://m.economictimes.com/news/international/business/svb-...
The Feds just saved a lot of crypto startups by doing this bailout. The crypto scam industry will be around for a few years more unfortunately.
What interest rate does that assume for depositors? Sure, the face value of the bonds in 2032 dollars might have been enough to pay back the 2022 obligations to their depositors, but banks are routinely offering 2-4% interest in high interest savings accounts now. So either depositors will leave for better options, or SVB would have had to offer competitive rates (digging the insolvency hole deeper).
They actually brewed up the contagion. Without the alarmism everyone would just assume that they get a 10-20% haircut and have most of their money back within a week
Now what incentive do larger banks have to run their bank appropriately now that SVB is getting bailed out? Ridiculous.
No that's exactly the lesson that they (the banks and the government) don't want people to learn. That lesson had started causing a run on every single bank except the very largest mega-banks.

Stability and trust in reputable banks is not zero-sum - it benefits everyone.
No bailout. Investors and executive wiped out. Depositors will be made 100% whole. Fed did its job today and prevented a mass bank run.
The case I was trying to convey doesn’t narrow the actual type for anything outside its own function body. Any footgun that exists after the function call already existed before it. It just implies “I’m only looking at your keys not your values”.
Basically... Profit is only mine, but the lost goes to all taxpayers.
Nice, I just installed this on a Raspberry Pi 3 with a touch screen I had around. Save for an issue when installing rtaudio (requires libasound2-dev in Debian), it went almost flawlessly. I'm guessing the RPi 3 can't handle realtime audio and graphics, as popping was frequent (although not annoying for the purposes of experimenting). The buttons did nothing, I'm afraid, but the web interface is ace!

I'd love to write about this soon. Kudos to the coder
Customer has $100.

Customer deposits this $100 at a bank.

The bank now has $100, and the customer has $0.

The bank uses the $100 to purchase a treasury bill.

The treasury bill falls in value and is now worth $80 on the open market.

The Fed says, it's cool, just pretend it's worth $100 because it will look bad otherwise.

Customer says, I want my $100 back.

The bank is now forced to sell the treasury bill and admit that it's actually worth $80.

Fed says, it's cool, just give us your $80 treasury and we'll print $100 and give it to you.

There now exist, a $80 treasury (held by the Fed) and $100 in cash which is given to the customer.

Where is this $180 of value coming from?

----

Its inflationary in two ways.

Firstly, money in the economy is created via debt, and Fed in this case is creating a debt which increases money supply. Secondly, the Fed is exchanging the bank's assets at an above market price and taking the loss onto its balance sheet.
Not implying that it's illegal. Only that him being connected is the only reason he was able to get his money out beforehand.
> A ton of the prominent VCs were writing out checks from their personal bank accounts so that founders could meet payroll.

Source? Who specifically, how much and can you independently verify that they actually did it?
CEO's should read the god damn bank agreement. WTF.
I'm not the creator of this site, but the creator (who showed me this a few months ago) is indeed a pilot!
So many people in all these threads that are doing the Monday morning quarterback of startup founders and believing that they would have done things differently if only THEY had been the CEO.
> on all the advantages of a more dynamic bank like SVB

Then the CEOs/business owners going that way should fully ascertain and support the associated risks.
Stanford also likes to attack judges who issue fair sentences (and in accordance to guidelines) 19 year old men who are victimized by 23 year old non-student women who come on to campus to ply freshmen athletes with alcohol and try to pick them up.

In fact, they'll put up a monument to the 23-year-old victimizer!

This is a rotten school. Don't hire Stanford grads.
Wow, HN is really bringing out the asshats today.

This is what I was responding to:

> I could not tell you whether it's more or less vulnerable to market instability or bank runs than a larger bank.

There was no 'confidence'. What I said was true, it isn't FDIC insured. Geez, I'm not trying to "scare" anyone, you're making that shit up.

Now, if I'm _ignorant_ to the other ways it is insured, great, educate me, but don't be a dick about it.
One of the big advantages of a university is that they give you credentials you can show to your employer (including university itself if you want to be a scientist). Everything else is 90% wishful thinking.

That leads to product bundling you describe, which should be vigorously fought with antitrust laws.
They don't have to provide a fair price for it. The Defense Production Act allows demanding the production of goods, even at a loss to the company.

Which might theoretically be unconstitutional, but the courts have a history of ignoring the text of the constitution during wartime.
I don't have to make the case. The status quo, developed over literal centuries of bank regulation, is generally to let depositors take a haircut. Because depositors having skin in the game is an important check on the risk levels at for-profit banks.

If people want to argue for infinite free deposit insurance for the rich, they're the ones who need to make the case that the increase in moral hazard and increased taxpayer burden is worth if for the public to take on.

But if there's some sort of support-the-businesses goal in here, I think it's better to just argue for a government corporation that's a non-profit deposit-only bank that takes no risk and pays no interest. Then, if you're correct that there are a large number of safety-seeking people with millions in cash who just want to focus on entrepreneuring, they'll have an option that has zero failure risk.

I expect if we created that, though, it would see very little use, because people are happy to take risks when they think they can get away with them. And quite a large number of people are apparently also willing to ask Uncle Sugar for a bailout when their gamble doesn't come up like they wanted.
> Why would #7 happen if shareholders get wiped out? Surely, people on the board and other C suite executives are big enough shareholders that they would care if their equity went to zero.

I remember reading about something called principal agent problem here in HN… I think almost ten years ago. It changed my life. I spend a lot of time thinking about it. Once you look it up, it is difficult to not see everything in life with this lens.

Basically, the shareholders are not in control. Management is. And the management class has a special interest to protect “their own”.
Unfortunately the finance industry has perverted the purpose of startups and companies as a whole. While it is the way currently, it wasn’t until the past 15 years or so.
It used to be you solved a problem or met a need. You made money because of this.
It makes me sick that companies’ sole purpose now is to enrich shareholders.
Doesn't seem to help with the initial 2FA setup for GitHub?