skysight-inc/HackerNews huggingface dataset:
It was done as part of a 10b5-1 plan.
Sure. But the students have managed to make the story "rowdy crowd of woke crybabies heckle a sitting judge" instead of "sitting judge embarrasses himself by giving bad answers to student questions."

That's not good for advancing or protecting LGBT rights.
Once USDT collapses, crypto might be "down only" as they say. It could be like buying into Beanie Babies after they tanked. There's no guarantee there will be a next bubble.
Yeah, no, I agree with you. For other, less blatantly slipshod efforts, run by less blatant grifters, it might have been a faux pas to immediately point and laugh. Assume good-faith, and all that.

But for this? Cryptobros running bookkeeping over Google Docs and collaborating on their project via Discord? Crying to the FTC and FBI, the centralized arbiters their own model casts aside?

By all means, point and laugh. These people and their projects need crucified publicly. It's nothing personal. They were asking for it: this should be obvious, and it should be obvious why. If it's not, they need to find a new line of work.
I've worked in offices, cubicles, open areas, coworking spaces, coffee shops and even an occasional sports bar. The value of having an office has really went to zero for me (I'm a developer/founder/sales guy) as we got to the point where all my work tools and documents easily fit in a backpack or (for fancy settings) a nice briefcase. Gone are the days of having a huge desktop computer rig, fancy desk phone, and lots and lots of paper files.

Any more, I think ideal space comes down to this: What works for your team? And, I think there's a lot that points to big cubicle farm offices being a relic of a bygone, non-work-from-home era.
He disagreed with them.
No bank in the world could pay out all its deposits immediately.
I think ChatGPT would fail the test as described by Turing almost immediately, because at some point it would just tell the other test subject it's a language model.

In some sense ChatGPT is actually engineered to fail the test.
Made it 54 years without ever hearing about mdash/ndash/hyphen distinction. I've just been using the hyphen character for everything. Must have been absent that day in grade school.
I don't think the administration, certainly Martinez, is sorry that it happened, they're only sorry that it happened to a sitting federal court judge who can exert an absolutely detrimental effect on their students, and law program.

IMHO, a person who is invited to speak, who is then shouted down by woke activists, is a victim of the worst kind of fascism. It astounds me that the solution to disagreement in this country is to silence the person with whom you disagree with.
You can clearly hear the person saying "its disgusting". They weren't calling him disgusting.
Also see: every movie/TV show where someone makes a mixtape for someone they fancy.
It’s a very beautiful language even despite being compatible with Javascript. The code here is delightfully absurd, please don’t think it is representative.
Another reminder that Typescript type system is Turning complete.
Also typically programmers are highly paid, which also corresponds with them getting powerful hardware with large amounts of ram, SSD, and processor. So their machines don't see this slowness while your netbook is catching on fire.
Under the quick primer for graphs, in the sample code, there is a

self.param = torch.nn.Parameter(torch.rand(3, 4))

which is then never used? Or am I missing something?
Gee, it's almost like limiting the liability of these c-suite types let's them do whatever they want and get away with it. Weird.
In case folks miss the link at the top of the article, this is translated from an old 2017 post by Aphyr.

That post was in Haskell, where it's not too surprising that you can do serious computation inside the type system.

This new post translates the ideas to TypeScript, which is more widely known, and which I once heard described as having "accidentally Turing-complete" types:

https://github.com/microsoft/TypeScript/issues/14833
A valid model is f(all inputs imaginable)=2.

No weights involved. You can apply as much training as you like, but its still just the value "2" as an output. There is no representation of the data.

ML models are a mix of two things:

1. Patterns defined by the individuals performing the model training. Commonly this is referred to as model architecture, but ultimately its the cobbling together of various items to create a way to get a signal from data in a certain way. (As a side note, thanks Statisticians and Computer Scientists for leading the way here!)

2. Model weights to minimize the uncertainty in those patterns. How that uncertainty is measured is part of (1).
Which makes a consistent sequal to the original DMC! Starting out as a scrappy legitimate production effort, ending in acts of cocaine-fueled financial desparation, DMC went all-in on the stereotype of '80's entrepreneur hustle.

https://en.wikipedia.org/wiki/DeLorean_Motor_Company#Downtur...

This modern "DMC" has found some success as a proper parts, servicing, and restoration resource for original Deloreans. They're the main reason why so many nicely reconditioned original Deloreans exist today. Which is nice and all except for the stereotypical 2010's brand squatting and equity extraction, now 2020's NFT hustling. At least they're self-aware enough to keep their less palatable business objectives partitioned away from their brick and mortar business site?

https://www.classicdmc.com/
Previous paper, from 2022:
https://research.facebook.com/publications/velox-metas-unifi...
>I was always a fan of cubicles, and never got the FAANG fascination with open plan workspaces, that the entire industry seems to have adopted

I agree. It's like how cells with bars on three sides and a window on the wall side, are so much better than isolation cells closed all over.
A more useful measure of potential impact might be number of startups per capita, or number of people employed by startups per capita. Not in front of laptop right but might have a go later if no one gets to it first.
Whats the moral hazard here? Every bank is illiquid if pushed hard enough.
Obligatory Tom Lehrer:

"Once the rockets are up, who cares where they come down?
That's not my department!" says Wernher von Braun.
I'd make the argument: "Life is short".

Think of all the other exciting and great things you could do with the time you save. Maybe you can read more, build some creative software, write, learn a new skill, play a musical instrument.
Depends on the deals with startups and their founders. Look up tied selling.
This bank run happened based on fear of the scenario we are now in. No bank can withstand a bank run due to fractional reserve ratios.

If the depositors lose big then that will increase this fear going forward.

In other words, if all depositors are covered there is no longer a substantial fear of a bank run elsewhere. That’s how it stops it from happening again.
To be clear, most VCs advised the same. This was a massively-multiplay prisoners dilemma - with withdrawing your being the safest option.

Same thing happened at the start of the pandemic. Even if you thought the panic buying was overblown, you couldn't afford to be left with empty shelves if things got bad.
you can sustain it if it's properly sealed, but I see your point, people would have a hard time understanding why the outer space would apparently sustain such a large amount of vacuum. It seems unnatural to us, because we're so used to atmospheric pressure that we're taking it for granted.
The regulators literally increased the limit required as a response to the lobbying of this specific bank.

It's not "dumb regulators". The regulators didn't "screw up".

The government isn't coming to save you and you shouldn't expect it to, because it's literally controlled by the same griefters who have learned to perfect the art of milking money from everyone by taking innocent people hostage.

Let them blow the hostages. Or get more hostage situations. I'm all in favor of letting them blow the hostages this time. The good startups will be forced to dilute the corrupt VCs who pointed them towards SVB, and raise money elsewhere. The bad startups should just fall.
Thanks for the great series of posts on this topic!
Can't tell if serious or not, but this sounds like Homer Simpson. Granted he's got a family, but he's seemed to be fairly neglectful towards his family's actual needs, talking past them and hearing only what he wants to hear in light of his family members' literal words spoken lol.
SVB Securities' CAO served as the CFO for Lehman Brothers' Investment Bank
Google refusing to do anything is not the same as Google being unable to do anything.
SVB Used Former McCarthy Staffers to Weaken Regulations, Lobby FDIC
Because developers are lazy, and our employers don't care.

There are programs out there that are RAM-efficient. Every single one was written by someone that DOES care and ISN'T lazy.
It's in the name
If you’re going to do that, en dashes look nicer (as explained in the article):

“Sometimes writing for money – rather than for art or pleasure – is really quite enjoyable.”
He is the Simons of Chern–Simons theory.
>I just don't get where that comes from.

YEARS of disinformation about "Personal Responsibility" and not a lot of critical thinking in the interim. I'm not specifically talking about the parent comment.

Your point is sound and seems obvious to me. I also spent several years studying and fighting coordinated inauthentic content its effects on the brain. Whether coordinated or not, hearing the same message over and over again gets internalized such that it becomes reflexive to parrot.

What happens when you give every single high school senior $1000 scholarship to read Ayn Rand? What happens in a society when hyper-capitalists, their politicians, and their media narratives leave no room to consider things that are beautiful and human? What happens when STEM education starves all of the humanities of oxygen?

If it isn't this, I don't know what it is, but we're all about to find out.
I do wonder how much modern design can overcome, in materials, engines, aerodynamics, and flight controls. Less drag at higher altitudes, easier to travel further, cover more distance in less time. Should be able to eliminate refueling stops at the very least. One of the problems of fast high altitude flights is preventing stalls. Maybe computer aids and thrust vectoring would help prevent or mitigate such events.
It's not easy and you end up running into all sorts of issues in practice. I gave up.

You download the official client and Little Snitch goes crazy because it connects to so many unknown addresses.
Then you probably won’t be traveling internationally much after about 10 years from now. This is coming everywhere.
Dozens of banks, very likely yes, hundreds - probably not the next day but the ability to resolve dozens should be enough to prevent hundreds from needing help.
Maybe, but the reason there are rules and regulations relating to many everyday activities is that when people make decisions about their own lives those decisions can result in negative impacts to society as a whole.

OK, I think not having fire protection in my building can save me a lot of rent. And yes, I have picked an extreme example to validate my point just have you have done.
As far as I can tell, everybody is asking that tech depositors get treated like any other uninsured depositor. That being fairly, under the long-established rules.

As a founder, I am sorry that VCs apparently don't help with treasury management. That strikes me as something that should be a clear part of their value prop.
Thanks for clicking! Clicking 'use IPFS' makes all the images point to the local IPFS gateway on 127.0.0.1:8080, so browser can get the images from people who pin (distribute) them, like in a bittorrent. But even if you installed it, it wouldn't work because currently I don't pin image files on IPFS. IPFS daemon consumes a lot of ram and cpu resources, so I decided to shut it down.
It's probably closer to making an offer on a house than a live auction event.
let’s start a DAO to buy it
Is this referring to the Judge shouting "you are an appalling idiot" over and over at a student?
Another resource on the matter, which I really like overall:

https://practicaltypography.com/hyphens-and-dashes.html
In simple terms, a bond is a piece of paper that pays a dollar amount per year to the holder for N number of years, after which the initial price paid for the bond is returned to the holder.

For example, a 10-year bond that pays $2 per year costs $100 today. That is, a piece of paper that pays $2 to the holder every year for 10 years, after which the holder gets its $100 back.

Now, some time passes and the market thinks the above bond is too expensive. Instead, the market will only pay $50 for the above bond, ie. $50 to get $2 per year.

This means that the price of another bond: the bond that pays $4 per year will now cost $100. This is the case because holding two bonds that cost $50 each and pay $2 per year is exactly equivalent to holding a single bond that pays $4 per year and costs $100.

If the market price of a 10-year bond that pays $4 per year costs $100 then we say that the current rate of interest for the 10-year bond is 4%. If this rate of interest falls to 2%, it simply means that the market is now willing to pay $200 per year for a bond that pays $4 per year — or, equivalently, $100 for a bond that pays $2 per year.
> Many people talk as if there was factually no underlying issue with the bank

These people are led by propaganda. Modern banking is evil and the fact we put up with "losing lotteries" like this is so despicable.
It's a toughie.

Circa 1960 they imagined that supersonic military aircraft would "dash" when the mission required it but otherwise fly more slowly, then they realized the fuel economy of supersonic aircraft peaks around Mach 3. Something SR-71 class has good fuel economy at speed, but has horrible problems when it comes to (1) materials, and (2) taking off. The SR-71 was of course made of Titanium and dealt with (2) by taking off with as little fuel as possible and then refueling once it was up in the air -- an answer which isn't suitable for civilian use.

Also circa 1965 it was widely thought that SSTs would make airliners like the 747 obsolete quickly because they could make more flights in a given amount of time thus being able to pay the capital cost quickly. The US aimed to develop Mach 3 class airliners

https://en.wikipedia.org/wiki/Boeing_2707

and failed but the Europeans developed a slower airliner

https://en.wikipedia.org/wiki/Concorde

which was "successful" in terms of getting into the air but probably doomed in economics from the very beginning. The Concorde couldn't actually fly more flights per day than the 747 on the routes it flew on so it didn't get the capital cost amortization advantage that a faster plane might have gotten, and fuel economy was worse.

A more ambitious plane might require some crazy ideas like

https://venturebeat.com/offbeat/nasa-sideways-supersonic-pla...

to solve the takeoff problem.
For anyone interested, the All-In podcast did an excellent job covering this on Friday. Particularly, David Sacks stressed this would not be a bailout, but merely backstopping deposits. SVB did nothing illegal or wrong, so it is not an Enron situation.

https://www.youtube.com/watch?v=CEee7dAk25c
SVB wasn’t illiquid. They were insolvent, as declared by their regulators. If they were simply illiquid, they could have borrowed at the Fed’s discount window.
Any regular bond holding would include a mix of maturities - 1, 2, 5, 10 year bonds. This provides constantly maturing bonds leading to liquid cash with yield on the longest term instruments.
Believe it or not you can be prescribed that much adderall. It takes a doc that is willing to go there, but I knew someone with a 200mg daily prescription.

I suppose he could have been gaming the system somehow by going to multiple places but I thought it was all from the same doc
https://twitter.com/i/status/1634927984799883265
Well yeah, everyone is a genius in retrospect. If you know it’s going to be a bank run, you get out. The problem is that by the time you know a bank run is happening it’s probably too late.

The logical conclusion of this thinking is a system where any rumor about any bank can cause a bank run, because people who take the time to figure out if the rumors are true lose out.
> No one expected interest rate rises like we’ve experienced.

At least one person did: Buffett. During the pandemic, he put much of the free cash flow earned by Berkshire Hathaway on safe short-term assets like treasury bills, and otherwise used it buy back shares at a stagnant price. Now he looks like a genius -- in hindsight, as usual.

But even if you're right that "no one expected" rates to go up to historical norms, banks should not have taken such excessive duration-matching risks!
OK, fair enough. I was recently on the other side of that same argument here on HN: https://news.ycombinator.com/item?id=34940715
This is what I miss out on for running uBlock origin
I'm not sure I completely follow the linked PDF, but it seems to be suggesting exactly that:

So, the big question for investors and depositors is this: how much duration risk
did each bank take in its investment portfolio during the deposit surge, and how
much was invested at the lows in Treasury and Agency yields? As a proxy for these
questions now that rates have risen, we can examine the impact on capital ratios
from an assumed immediate realization of unrealized securities losses (see next page
for a full explanation of our methodology). That’s what is shown in the first chart:
again, SIVB was in investment duration world of its own as of the end of 2022, which
is remarkable given its funding profile shown earlier.

The argument seems to be exactly that SVB both had highly interest rate sensitive depositors and significant unhedged duration risk. Both led to correlated interest rate risk at SVB and both were unique in the US banking world.

Another key comment by Cembalest

As shown below, being flooded with deposits from fast-money VC firms and other
corporate accounts at a time of historically low interest rates might have been
more of a curse than a blessing.

The chart shows that SVB's balance sheet expanded by 250% from 2019 to 2022 (compare JPM at ~40%, one of the lower banks listed and the next closest, Western Alliance at ~180% and Truist at ~150%).
Right but when I commented the headline was literally “Y Combinator is asking for a bailout”

I definitely understand why you flagged it though, it just didn’t occur to me when I commented
Not a lawyer.
1. EU yes / US not so easy. Under EU law, content of a database can be copyrighted. I argue the weights of ML model are like the content in a database. Under US law the arrangement of data needs to be creative / original. Creative / original assumes a human expressing himself. Maybe the design of the ML model, selection of training material and selection of hyperparameter justify a copyright claim on a database of model weights.
2. Yes as resources were used to create it.
no, your deposits in a bank are yours. you can withdraw them at any time. the bank has a contractual obligation to return your money whenever you demand it.
Let's give them commutes, and have them on an open plan or cubicles, that should boost their morale!
i’d get antsy even in business class
No kidding. It would be fascinating to see who joins the bidding process and what kind of leverage/collateral they use.
An employer will attempt to pay as little as possible to an employee and then move the potential wage up to the value that an employee in that position would bring.

This is further adjusted to the cost to train an employee in that spot as they'd need to spend that again if they are to replace that employee.

For unskilled works, working in a coffee shop, where training can be done in an afternoon... the teenager has very little bargaining power to move the wage closer to "value they bring".

And that's where the minus wage gets in (I support raising the minimum wage though note that this will have second order effects of making some local coffee shops that are staffed by teenagers unprofitable).

The existing subsidies that are in place regardless of a teenager's employment by virtue of having parents with a place where you can eat and live... and health care (can be on parents' plan until 26) enables the low margin service sector to take advantage of / give employment to people who teenagers and young adults who lack skills to get other jobs (and desire flexibility for school or being a care free young adult).

If you take those subsides away, the service sector won't be able to bargain down / offer jobs at those levels anymore.

The overall unemployment rate is 3.6% which is shockingly low and has been enabling people to get higher wages. The youth unemployment rate, however, is closer to 10% ( https://www.bls.gov/news.release/pdf/youth.pdf and https://www.statista.com/statistics/217429/seasonally-adjust... ) . There are lots of teenagers out there looking for those unskilled jobs - and thus they have less ability to negotiate for better wages.

If you were to calibrate the amount you need to pay to someone at a coffee shop to the living wage needed by the person who brings in the majority of the income for a household... very few service sector companies could afford that.

The less than living wage, unskilled work, bringing in supplemental income for an individual or household is something that is needed in the overall economy.
This is a common (not necessarily majority-) opinion on this startup website.

I don’t understand why the theory asserts that the causality necessarily goes from the user to the business. Say some social media comes along. They want users. What reason do the users have to care? Their friends are not on it. Why pay money for that? Oh, pay X amount of dollars a month and hope that in three years the network effects will have payed off? How is that rational?

But FB and Twitter (etc.) did get popular! Someone responds. Aha, but that’s just survivorship bias.

The above is an argument for why the regular users have little reason to accept a paid-for option when it comes to social media.

But does that mean that they necessarily (indirectly) demanded a free option? No. Because if you look back twenty years, it’s not like Social Media was some kind of innate need that people had. As is usually the case, it was a manufactured need. And who could have manufactured it? It could have simply been business people with some foresight (who knew about network effects).

Did the people need social media? Not any more than they needed luxury dog grooming to be a thing. But businesses always need money. And so needs are manufactured.

This woe-is-businesses who have to make their money through advertising (because of the lusers’ choices) narrative is predictable (understandable) for a startup website. But the causality might not really have started with the (l)users.
Yes, the mechanisms are poor quality though.
I concur to that: advertising is a kind of cancer of modern society. One obvious consequence of advertising is the worsening of climate change.

I've seen a more direct consequence of advertising on fragile members of the society. Someone close to me has been working with orphans as they reach adulthood. Most have a job (can't make long studies when you have no family and no place to live once you are 18 years old). These past years, sport bets and money games had a devastating effect. Most of these young adults can't resist, and quite a few are now in debt.