skysight-inc/HackerNews huggingface dataset:
Y Combinator, in their petition, says that they want at least small business depositors to be made completely whole, without any caveats about how many assets are left. The only way this works is with taxpayer funds.

> Small business depositors at Silicon Valley Bank should be made whole. Regulators need to conduct a backstop of depositors.

https://www.ycombinator.com/blog/urgent-sign-the-petition-no...
Average maturity was like 6y though, which means ~15% annual turnover. Not great (and certainly not nearly enough to redeem 20% in like a month) but far from locked up forever.
The weights are the model.

The small bits of standardish code to utilize them are not that material
https://web.archive.org/web/20230312143814/https://www.thegu...
80% to 125% is such a massive margin, is manufacturing really so complicated to warrant such a wide range (as opposed to say 95%-105%)?
I'll probably get my next paycheck or two, but I'll lose my job. You're pretty clearly saying here that I should lose my job, along with many other people, because of the bank at which my company's cash is stored.

> Perhaps they shouldn't keep money in the bank in the first place, but find other uses for them.

I work at a small startup that's raised five million dollars. Not a huge amount of money, but obviously losing all but 250k would be extremely damaging. You're talking about concepts of fiscal responsibility here, but then you're suggesting that businesses should deploy virtually all of their cash and keeping close to nothing in reserve. Our founders are extremely fiscally prudent and purposely keep a very low burn rate, which is exactly why that money is in the bank instead of being used elsewhere.
An argument can be made that model weights are a "creative work", in the same way that a list of pixel intensities and RGB values is a creative work. Who knows whether the argument will hold up or not.

As with all IP, it's one thing to be granted intellectual property rights, and a completely different thing to actually go about enforcing those rights. Without access to infringer's source code, it's challenging to make the case.
In a perfect world the entire computer, storage included, would run in RAM for performance reasons. There's actually been some storage products over the years that were basically RAM chips with battery backups for when the machine turned off, but they never took off due to implementation issues/expense, and then SSDs got big and fast enough for 99% of use-cases.

Plus we're just victims of our own technological success. RAM is cheap. Similar to all the old classic cars from the 60s, gas was cheap, engine tech advanced and environmental regulations nonexistent, so you got giant 7L V8 engines running at like 10 mpg even with premium, leaded gasoline. It wasn't until pollution regulation, gas taxes to pay for infrastructure, and now climate change (in some peoples' minds) that efficiency became a priority.
There's a video available:

https://vimeo.com/806801455/16c79baa14

Obviously even video can leave things out, but six uninterrupted minutes doesn't let you leave out that much context. And as far as I know, no one is disputing the facts of the events, just whether it's appropriate to heckle a judge of opposite partisan valence.
That’s not true.
The EU and Canada do not have a similar policy for US passport holders, you can travel without having to file anything in advance.
You should try nextdns, it might make both problems go away (if streaming on an appliance)
I’m not willing to lose a dime to avoid looking “unbecoming.” I doubt they are either.

Dignity and an empty sack are worth the sack.
> The Big Myth, by Naomi Oreskes and Erik M. Conway, recounts the coordinated 20th-century effort to instill unquestioning faith in markets above all

There is no positive confidence in markets as such; there is negative certainty that control placed in the hands of the few is a ticket to tyranny, QED with social media.
Did he give any sense of the best arguments that might be deployed on each side?

The non-copyright people will point to recipes. The weights are ideas, not expressions. A “simple set of directions” is uncopyrightable.

The copyright people will point to the ability to extract significant chunks of copyrighted material from the weights.

I find the non-copyright argument stronger.
I have used two hyphens, but I appreciated text editors collapsed them into an (em-) dash.

Hyphens are simply for connected-words while dashes are -- for better of worse -- to make asides.
I recall seeing that title at the time. I wonder how their "foresight" works so effectively, "stepping in" just before an adverse incident happens. Is it superior acumen, or insider information?
Ask HN: Those who are not in a regular job what is your source of income?
Did you leave your 9 to 5 job after your side venture paid off? Or did you never went for a regular job?

What is your source of income and how much does it pay? If you can't link to your business can you describe it a bit?
Any information can be represented as a single number (albeit possibly a very large number). You can turn a movie into a number. Model weights are just numbers too. So yes copyright laws should apply.
I have watched A1 maybe five to six times. There's the occasional leap of faith (like the literal leap of faith onto Toruk), but overall it's a reasonable story for a movie. (I try not to think about the white savior theme.)

A2 is a different beast. The conflicts in A2 can be described as:

- Quaritch captures kids.

- Quaritch: Sully, come alone and surrender, or I kill your kids.

- Sully doesn't come alone and doesn't surrender. Quaritch leaves kids alone. Quaritch's men die, kids rescued.

- Quaritch captures kids, again.

- Quaritch: Sully, come alone and surrender, or I kill your kids.

- Sully doesn't come alone and doesn't surrender. Quaritch leaves kids alone. Quaritch's men die, kids rescued, again. One dies from battle wound.

- Quaritch captures kids, again.

- Quaritch: Sully, same deal despite everything, come alone and surrender, or I kill your kids.

- Sully doesn't come alone and doesn't surrender. Quaritch leaves kids alone. Quaritch's men die, kids rescued, again.
I’m sorry you are a victim of deplorable disinformation. The vaccines actually prime our immune system to fight the infection, and Covid is killing children not just the elderly and body positive
Not an HTM certified, not even a practitioner here. But it's also an accounting question.
The way it's done: asset is valued per maturation. It would mudd the water even further I think to have the quarterly reflect the "at current market" value. Things go up and down. What matters is how you close (realised gains or loss), and, at SVB's demise: your cashflow.

No cash? Then sell your assets. Creditors/depositors ain't gonna wait.
Realised loss? That's your balance going down in true accounting terms now.
Accountings get disclosed? Those quarterly release are mandatory for all publicly trading company: that could cause worry among investors, and in the case of a bank a panic a bank run.

What a market valuation made at each quarter could achieve is give a momentarily evaluation of what a fund's assets is made of if they were to liquidate right then, or that day. But it isn't how it works*

It does work for goods though, amortization is accounted for and a well oiled exercise. Futures, bonds, stocks? Good luck with that. If we could predict the future the game would be a whole lot different.
I agree with you on this, but I'm thinking more as a matter of perspective. HN is just not a place where I expect to see vicious, anti-tech backlash given the demographics.
Weird. Does anybody else remember that one time where the right was united around the idea that loud and disruptive protests were the pinnacle of free speech?
nope. nuh uh. wrong. the right thing for any individual to do in a potential bank run is always to withdraw. this is basic game theory. you expect someone to take a junk bond level of risk for 0.5% interest? miss me with that

there is one possible way to solve the coordination problem: just stop allowing withdrawals. the chinese figured this out. but you have to limit withdrawals on ALL banks because you bet your ass if one bank gets frozen, everyone will think another one is next and run that one too.

the only time we've rushed a serious contagion before was by instituting a bank holiday and basically putting in 100% deposit insurance. and that was when we had someone in charge whom most people trusted (FDR). biden, yellen, powell aren't so loved.
Oh but it was. It’s been talked about at least since December.
no, it was very different at SVB. SVB was loaning money to startups on the basis of exclusivity contracts where those startups were required to hold the money in SVB accounts, so they were basically paying SVB to create the illusion of having liquidity. that is a whole different game.
> Yet for some reason many people seem to have a visceral rejection of a future like that. What is it motivated by?

I know this is unpopular with the young childfree techie demographic of HN, but to many people, what you're proposing sounds like a human termite colony. The downtown high-rise lifestyle is great for careerists and twentysomethings whose life consists of work, happy hour, and dog parks, but most people want a little space and peace and quiet as they get older, especially if they want to raise a family.

The desire to be left alone is strong. An existence of listening to your neighbors pound on your walls and ceiling and being beholden to a condo association full of petty tyrants just doesn't appeal to a large group of people. I lived in urban apartments for most of my adult life. Since moving to a semi-rural house a few years ago, my mental health is vastly improved.
So why on earth was everyone using SVB?
Also the big banks will do overnight sweeps as well to protect customers over the FDIC limit. I’m not sure if smaller banks do this as well, but I know JPM will do it for large customers. From the brokerage side interactive brokers will do it on any cash sitting in your account as well if you opt in.
:shrug: it is to me. What's romantic isn't the sound, since it's equivalent to a download. Instead it's the process of going to used record stores, looking at your collection everyday, the joy of find a cool, obscure album. And honestly, I wonder if it's just too recent right now. Maybe eventually it will be retro enough to have a boom like vinyl.
This guy kinda sucks though. https://en.wikipedia.org/wiki/Kyle_Duncan_(judge)

> Duncan is known for a history of anti-LGBT activism.[6][7][8] In 2015, Duncan argued before the Supreme Court against the constitutionality of same-sex marriage.[9] He has led efforts to defend state bans on same-sex marriage.[9] When the Supreme Court upheld the constitutionality of marriage equality, Duncan described the decision as an "abject failure" that "imperils civic peace", and he argued that the decision "raises a question about the legitimacy of the court."[9]

Really? You think the Supreme Court is illegitimate because of its ruling on gay marriage?
I really love this question. I think most of use will answer seeing "through the glass darkly" as it were.

I can't answer (1) as my opinion is just noise until it works through the legal system. I suspect they will be.

For (2), I think they should. You can't copyright the algorithm (recipe) but you can copyright the output (expression) of the recipe. On that note, this allows for open sourcing of models as well.
Hanging out with people who like stuff is generally a lot more rewarding than hanging out with people who don't - who are endlessly cynical or negative and love to explain why they don't think things are any good.

So defaulting more towards liking thing can make you a more fun person to be around.
> by making sure you have enough capital on hand or in assets you can liquidate immediately to cover customer withdrawals

Also by using the Fed’s discount window. If you’re illiquid, and not insolvent, you borrow from the Fed. If your assets are worth less than your liabilities, you’re insolvent, and the FDIC takes charge.
It discusses this in the article. The regolith 'Glows' from the kenetic energy transfer, and heat disipation.
Mostly treasury bills, some foreign currencies, and a small allocations to index funds probably.
Shitty ass dog feeders are connected with wifi, not bluetooth.
> Is there just a lack of general understanding of the prisoner's dilemma?

The answer to this question is a resounding "yes." As far as I can tell, the prisoner's dilemma, as well as a wide-spread ignorance of it, can pretty much explain the totality of human behavior.
Reminds me of Charlie Munger's belief that the world is driven by envy, not greed.
https://www.cnbc.com/2022/12/10/billionaire-charlie-munger-w...
> I would also like to point out that it's perfectly okay to simultaneously take pleasure in an industry being culled of precisely what you described, while also feeling bad for some of those who may lose their jobs as a result. Ain't nuance neat?

Absolutely. What's surprising to me is the absolute lack of that nuance on HN. It's all just BURN IT ALL TO THE GROUND over the last few days.
I think he's speaking of the _state sponsored_ cyber security, offensive tooling and exploit creation _start ups_.

> Israel has earned its reputation as ‘the start-up’ nation, accommodating 97 unicorns each valued over $1bn, according to global Israeli startup founders club Techaviv.

https://www.checkpoint.com/press-releases/check-point-softwa...
This cannot be said enough times. FDIC insurance is only the absolute floor on recovery. SVB depositors might (might!) face a haircut, but it’ll be one worth of the name.
Yellen doesn't have the ability to do a bailout even if she wanted to. https://threadreaderapp.com/thread/1634662851657728001.html
It's not a question of criminal behavior but the bank's interpretation of the law versus the government's. As long as banks don't draw attention to themselves and don't get sued, they can operate largely in gray areas of the law to get and keep clients, make a little extra profit, take a little extra risk, etc. Once they are getting audited with a fined toothed comb, anything that comes up where the bank's interpretation is at odds with the government's can be easily found out and people can get punished.

This can be anything from how the bank values its assets (which... who cares, they're going bankrupt anyway, right?) to director malfeasance or negligence which can result in jail time. In normal circumstances almost all businesses operate this way at least a little bit, but in banking there's a paper trail and when it's under a regulator's microscope, it's much more likely to get noticed and punished.
Bowling for $418? Surge Pricing Creeps into Restaurants, Movies, Gym Class
https://archive.is/URTKz
Mortgage Lenders Are Selling Homebuyers a Lie
Pretty sure shareholders of bailed-out banks[1] weren't destroyed. For example JPM is up 155% since it's 2007 pre-crash high. That won't be the case for SIVB shareholders.

1: https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program#....
This make me want to dust off Worldcraft and make a map for Half-Life featuring this building…
I really wish they'd televise this. I'd love to watch the bidding process.
Then the laws need to change and a solution for the future must be made. We can't keep bending the rules when the laws don't work out for this one entity but when the little guy is in the same position he’s on his own. We need a system that's fair across the board. Increase fdic insurance add optional insurance options. Call it a day.
The question should be "why". The reason is that we find ways to utialize it. Once Moores law or the essence of it comes to an halt, more effort will be put into making things more efficient.

Maybe that's even a bit too pesimistic. Cloud computing already gives companies incentive to focus on efficiency for cost saving and there is a growing trend to write simpler more performant software to replace existing tools, however not specifically in the general purpose computing space.
Just read this, and i think the whole publication is worth of note: https://thecritic.co.uk/putin-shute-and-nukes/

Not specifically science oriented though.
If you have more than 250k in bank you probably entered territory of accredited investor and thus I would reasonably expect you to review your investments. Including bank deposits.
I believe SVB is going to be relatively unique. Their deposits were highly concentrated in startups. Startups receive funding from a highly concentrated number of funds. This ends up with an unusual concentration of influence and group-behavior.

A very interesting risk in hind-sight, but unlikely to be a wide-spread issue.
> the UK gilt crisis in December was related to pension funds holding long term gilts

No, you got it wrong.. UK pension funds didn't have much gilts. UK pension funds had swaps on gilts and mostly assets equal to long term gilts (AAA rated). Like for example ownership of a parking lots in Germany, apartments in Norway - safe, steady cash flows. This is what chasing yields at zero interest rates does.

Penions funds needed a window of few days to make a fire sale of these assets to meet their margin calls. It takes about two weeks from some junior analyst from BlackRock visiting said parking lot in Germany, checking books to BlackRock depositing money at UK Pension fund bank account. So Bank of England opened unlimited discount window for UK Pension funds for about two weeks. And then it closed.

This is what happend.
>In the case of the depositors, they put their own money into an account and want to be able to spend that money to pay their employees. It might easily cost the government even more in lost tax revenue if the thousands of companies cannot make payroll due to a banking failure, thus forcing them out of business and their employees out of their jobs.

But the money over $250K doesn't exist anymore if the bank is gone. It doesn't matter what they would use it for. This was a risk calculation, people put more that $250K into the bank assuming nothing would ever happen, it did, and now people want all their money back regardless of the risk they should have been aware of. But the contract/rules depositors signed up for the money is gone. Now those companies want money that doesn't exist anymore. They were playing roulette with very very low odds, but odds none-the-less.

The tax revenue aspect is nonsensical when compared to student loans as you could quite easily say getting rid of student loans would allow people to have more money to purchase more things for the government to get tax revenue on.
I think I lean towards you, but what people are actually suggesting is that these startups shouldn't be bailed out when they went with a bank with super-high promised rates, while they of course knew their deposits over $250k were uninsured.
> with free insurance

Taxpayer funded insurance.

What I wonder here is how many SV CEOs and VC partners are down with Biden's proposed hike on the capital gains tax rate.
It will hurt silicon valley extremely hard. It already is, paychecks won't be coming, trust is gone. Silicon valley was seen as brilliant but now is a joke.

Ironically most small to mid non tech businesses will be just fine.
Nah, it’s just a deliberate hodge-podge of a sentence where I threw in every subclause I could to try to illustrate the point.
Those numbers would be more informative if they compared to country populations.
Ive never had a doc terminate the relationship but I did have one threaten to do so after I told him that I tried my cousins adderall in an attempt to self diagnose my adhd.
100% my fault there, ill admit, that is not appropriate.

That some doc later prescribed me 2mg ativan and told me to "keep taking it till you feel it" which is how I ended up passing out in missouri and waking up in florida 48 hours later.

That same doctor gave me mometesone and after nearly 2 years of using it told me "oh by the way forgot to tell you : dont use that for more than 2 weeks consecutively because it can be life threatening"

My experience with healthcare professionals is consistantly that they do an awful job of listening and seem to think they can tell you more about how you feel than you can.

I am unusually educated about pharmacology and I think some doctors are suspicious of that. Fair enough I guess.
But #9 on overall funding, and #2 per capita in 2021:

[1] https://news.crunchbase.com/startups/countries-most-startup-...

But more importantly, in general, for Israelis, the goal is always to break into bigger markets such as the USA and Europe with branches there and thus may be really affected by USA banks. Wonder if it is the same for Startups in Germany or India that have big market domestically.

Edit: SVB has branches [2] in 8 countries outside the US with Israel among them. So we can guess Israel startups had enough money in it (among the other 7) to be affected by the collapse.

[2] https://www.svb.com/locations
Meta's Velox: An open source unified execution engine
We have a lot of people full remote now, so when those of us still in the area do go to the office, there are constant video chats going on. Being in office is like 2x as bad as it was.
I'm not sure your founders are as "extremely" prudent as you claim them to be. For example, couldn't they have spread their funds throughout more banks instead of putting their eggs in one basket?
Richard has a whole series of these.

I was going to try to pick out one of my favourites from this series, but I really can't. Every last one is a treasure.

EDIT: Oops! This is based on Aphyr's work. My bad!
It's also possible to work on the platform or infra side of games, which is how I moved into the industry from business and web apps.

Even small studios have platform people who don't do graphics or design but are still very much needed to make a live game work.
I don't think it's that bad. It used to go much faster in the 90s. Like a 5 year old high end computer being unusable. I have a 2010 laptop 6GB RAM in a closet that I still sometimes power on and it's fine.
> Most banks do not have most of their capital tied up for ten years;

{{Citation needed}}

Why would SVB be particularly special with respect to investments? They were all sharing the yield environment the the current effects of recent monetary policy.
> If approved, the ETA will be valid for multiple visits over two years.

Can literally go spontaneously every weekend over one hundred times in a row.
Related:

https://twitter.com/oldspica/status/1630425706290360321

"""
I magnified the location of lunar surface impact flash observed by Fujii Daichi-san on February 23 with 25cm reflection (telescope). It's near Ideler L crater according to Fujii-san. Unfortunately I was not able to discern anything like a new crater.

I thought I would be able to tell if the diameter was larger than 2km?! ...

I compared with with America's Lunar Reconnaissance Orbiter, but can't really tell.

Even with such a flash, was that impact crater too small to be easily seen by telescope?
"""
https://news.ycombinator.com/item?id=35122190
There can be more than one link in a causal chain. The broad problem was bank executive choices. But the urgent problem was a bank run caused in part by VCs telling everybody to take their money out.
From the consumer side, I think music subscriptions are doing it right. I understand we cannot copy and paste this plan onto other industries, but maybe there are some lessons here.

* You only need one subscription to get access to all of your music content. Video is a mess with providers competing on content.

* There are ad supported networks to view the content, if you do not want to pay.

* They are generally regarded as affordable.
> Endless hobby sites, non-profit groups, and things such as clubs(bike clubs, etc), are completely free of any commerical intent or advertising.

As people aren't okay with having to actively looking for content (anymore), this has been relegated to Facebook/Discord/Telegram/WhatsApp/etc. Groups. You either are bombarded with ads or pay with your metadata.