skysight-inc/HackerNews huggingface dataset:
My feeling watching TOS is that even though the special effects are cheesy and the plot devices are lame and the dialogue is wooden, it still has a feeling of reality. I think some of that is just the chemistry of the actors, but some of it was that the people writing about a crew on a warship had been in the military during the war themselves. James Doohan (Scotty) was missing a finger from the war! It wasn’t just a bunch of kids imagining what it’s like to be in a military, but people with at least some experience of it.
Interesting. I wrote a silly little bash script that more or less did this, and then eventually realized I could do better for now by just printing out a bunch of blanks (keyboard) and making physical ones.
that's how banking works. and also why you have depositor insurance
https://archive.md/TasvI
Not precisely: The user initiated the swapping transaction (as opposed to putting up an order which got matched later). The MEV bot making profit happened separately post-settlement.
It is very true that the types of situations you mentioned are very painful with just HTML/CSS/Vanilla JS. However, React is no longer the only game in town for the things you mentioned. LowJS frameworks like Unpoly with a good server side rendering framework can handle the things you've described and a lot more. For example, you can use Unpoly with a server-side framework to allow layers to either act independently or to cascade information down to lower layers for multi-page/modal window flows that need to share information all without full page reloads. [1] Using layers you could build some pretty decent sized apps, Unpoly gives an example [1] showing (conceptually) how you could build large parts of Gmail with layers. You can also do things like dynamic forms with a bit of code on the back end. You get all this without needing to keep state in sync between the front end and the back end.

There will be cases where Unpoly (which can do quite a lot) only does 95% (or whatever) of your requirements. In those cases you can sprinkle in a bit of Vanilla JS to help fill the gap. Additionally, there will be some cases where Unpoly isn't at all suitable, like if you're building something that is extremely interactive (i.e. the next Google Docs/Maps or similar). However, those cases keep getting smaller as these LowJS Frameworks improve. Everyone's case is a very particular set of circumstances and this might not apply at all to your situation, but others are finding success with using HTML over the wire types of approaches. [3] One final thing to note that's often overlooked is that CSS' capabilities are growing, and can do a more than in the past. All things to think about before reflexively defaulting to React.

[1] https://unpoly.com/up.layer

[2] https://unpoly.com/tutorial

[3] https://htmx.org/essays/a-real-world-react-to-htmx-port/
https://www.symmetrymagazine.org/
[0] https://archive.is/WEuO8
> The FDIC will pay uninsured depositors an advance dividend within the next week.

Depending on the amount, this can possibly make things a lot better for the startups banking there.
Most people leave school able to perform basic arithmetic and to read and write. Almost nobody has a basic understanding of economics.

Go here and learn more about economics in 30 minutes than 99% of people.

https://mises.org/economics-beginners
Rubber duckies are very silly, until you need them. (Afterwards, too.)

Just to be clear: the problem is that SVB didn't have enough loss absorbing equity. If they had more, they wouldn't be insolvent.
I think this is so we'll known case that Samsung wouldn't make such trivial mistake and if ai detects you are photographing a document it'll disable ai magic automatically, but imagine scenario eg. where you are trying to photograph some phone number from some banner, would ai also guess it shouldn't mess with numbers there? imagine someone with poor eyesight wants to read this way something from a sign that is far away
and I would bet that super zoom would be attractive feature for person with such sight issues
Agreed. I like this blog post on the topic, from a startup moving from React to Vanilla JS and HTML: https://www.getwaitlist.com/blog/react-to-vanillajs
They weren't knowingly taking a high risk, because the risk wasn't high. But they were knowingly taking a risk, and this time the dice rolled up unfavorably.

That's the nature of risk. Even low risk things go bad, just not as often.
I understand Twitter is not real life, but yes, there are tons of gleeful "own the libs"-style posts there.
Depositors have a reasonable expectation up to 250k, after that they (the depositor) also assumed the risk. ...We're asking for regulations to prevent this from happening again...., then why campaign to have those regulations eased or removed just a few years ago?
Except that it's not quite so trivial to open an account at a new bank (especially if everyone decides to do it at the same time) and move US$15 billion dollars by the end of Monday.
> Depositors have a reasonable expectation that when they choose a bank (especially a publicly traded bank that is regulated) that their deposits are safe

@garry, while it may be a reasonable expectation, it's always been very clear and _explicit_ that it's not a guarantee beyond $250k (or $500k).

What's more troublesome is that VCs and Y! have portfolio companies that either didn't understand this and/or didn't take the time to shore up their exposure to this otherwise very easily, manageable risk.

Open additional accounts, utilize CDARS, etc. -- there are so, so, so many incredibly simple, straightforward ways your portfolio companies could've mitigated this.

And yes, I agree with you -- the risk _was_ negligible. But it was risk nonetheless. And the fact that the mitigation options are _so_ simple but that your portfolio companies didn't do this really brings into question their ability to manage cash / risk management in general.

So then to ask for taxpayer money to bail out companies who didn't take the time, thought or energy to minimize exposure to this is what I think most people on this thread are pushing back on.

> We're asking for depositors to be made whole and for regulation to prevent this from happening to depositors in the future.

In fact, depositors can _already_ prevent this from happening from themselves.
That’s not what I commented about, your lack of empathy towards other human beings is callous. Don’t fall for that trap.
'Narrow bank' challenges traditional industry model, but Fed pushes back
Upthread you wrote:
>Should the government always guarantee everything with no limits, because "they should have seen it coming and should have done something a long time before it collapsed"?

I never said anything about guaranteeing everything with no limits. I don't believe that is reasonable. Maybe you are reacting to something Bill Ackman wrote in his tweet?

If the FDIC/gov had been monitoring them much closer it opens up the set of potential solutions way wider than "government closes your bank in the afternoon on Friday because you wouldn't have made it to the end of day."

Maybe this actually was happening and there were reasons events unfolded this way. Maybe it wasn't. It seems like it wasn't.
FTX functioned more like a self-flushing toilet.
There are plenty of people meeting that description on Reddit and Twitter, though quite why anyone would take their opinions seriously is beyond me. They’re literal fandoms opining on something they didn’t know existed until a few days prior.
"Defund the police" and "dissolve ICE" are literal expressions. They are literally what we want. We didn't burn down an entire police station for fun - it is a primary objective.
Do you mean CAO of SVB?
I agree HN is a goldmine of info on LLMs and many other topics. Now if only we can fine tune an LLM so we can ask questions.
Wait someone probably already did ?
Surely that's to be expected? I mean, we all know different languages, frameworks and have different experiences.
Yeah like New Relic not packaging its PHP agent (which they make sound trivial and I'm pretty sure it is)

https://github.com/newrelic/newrelic-php-agent/issues/323

I didn't bother taking the time to compile from scratch and figure out a way to inject it into my container image. It was a smaller client of mine. But it seems real simple to setup a second pipeline in their CI system and move on.
This is not about ACH. It's about ACATS:

https://www.bogleheads.org/forum/viewtopic.php?t=381060&
I don't see how this clarifies that it's not a appropriate metaphor.

There are hundreds of schools or more that _do_ compete for consumers in that way. Similarly, HOAs in some areas may restrict boat parking. Other HOAs however, will allow it. Why is the metaphor not appropriate?
Beyond the actual amount insured by the FDIC?
I think it quite likely that if there is any haircut at all it will be quite small and that is honestly a price that should be paid by the large depositors for failing to consider the many risks of keeping all their free cash at one institution.
> Unfortunately, they don't teach this stuff in high school.

They sure did when I was in high school. When did that change?
Hockey equipment is expensive once you get older. For young kids it is free/cheap. FYI, in most of the US, the NHL will buy your boy or girl their first set of equipment. Search for your nearest NHL team along with the words "Learn to Play" - sign up for a session at your nearest rink. Around me, it's the Chicago Blackhawks and they have sessions at rinks in Illinois, Indiana, Wisconsin, and Iowa. Some are even girls-only. But anyway, the used sporting equipment stores near those rinks will be overflowing with hockey equipment for really young kids.

In other words, it doesn't get expensive until after your kid has really decided they want to do it.
An open-source database of companies affected (or not) by the collapse of SVB
Just to be clear, I think the stance of my original comment was clear enough, and the original reply to me was a bit underhanded. Both it and your comment are poking for something, but I'm not sure what that is or what argument I'm setting up for that wasn't already in my original comment. If you have any substantiative commentary, that would be welcomed.
Something that custodies money should be able to give it all back instantly. If it is vulnerable to "fear uncertainy and doubt" as a self fulfilling prophecy of not being able to pay out everything instantly, then it should be dismantled.

I think its interesting that properly collateralized and well managed services don't make the news, but it is very common in the crypto space for 100% withdrawals to occur seamlessly. Far more common than the implosions. Whereas seemingly all banks are relying on withdrawals en masse simply not happening.
If they aren't asking for a bailout, what are they asking for? Just saying "We are not asking for a bank bailout" doesn't make it so.
Only Deep Thought can do that. And the answer is still 42.
Except that humans are destroying the ecosystem. It is quantitatively what is happening around us. A documentary is intended to document, if you don't like what is beung documented that sounds like a you problem?
Why do you need the same time system across an entire line of longitude?
So how are we supposed to avoid this? If you can't trust that your money in a bank will be there tomorrow, then where should we put it?

I thought this was supposed to be impossible, besides total civilization collapse. You risk losing money when it's in the stock market, not when it's in a bank.
Do co-working spaces usually have shared peripherals besides docks?
It's just too much work. Just doing it in one key is a lot, and you have to do that twelve times (fifteen if you want to be thorough and include all the enharmonic keys). So I am glad someone seems to have done it all already in a command line tool that hopefully I can automate.
It says uninsured depositors.
Use LLM to bundle em up, and use LLM to trade them speculatively, and then use LLM to decide how to bail out the banks and who to prosecute. (Initial prompts crafted by lobby groups, of course).
I keep thinking old like some physical buttons for things like “back to home virtual desktop”, “go to virtual desktop 2”, dials for volume… etc.
So, no buyer for the whole bank has been found and they don't anticipate finding one
FDIC insurance limits are set to protect individuals. $250k is nothing for a business. Roku would have needed 8000 bank accounts to hold their cash at 250k per account. You are basically telling businesses to not use the banking system outside of the too big to fail banks that we know the government will backstop. If this is the message, we should all run on any bank other than the top 4.

By the way, the FDIC tries to recover everything, even though it isn’t promised. They are going to need to to keep faith in the banking system. And your $250k “insurance” isn’t even guaranteed because the FDIC is funded by member fees and can only cover a small amount of losses.
i think you're actually referencing the Radium Girls, the radioactive flourescence illuminated watchface dial painters

https://www.cnn.com/style/article/radium-girls-radioactive-p...
Seems to be what it says:

> All depositors will have full access to their insured deposits no later than Monday morning, March 13, 2023. The FDIC will pay uninsured depositors an advance dividend within the next week. Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of Silicon Valley Bank, future dividend payments may be made to uninsured depositors.
> Beyond the actual amount insured by the FDIC?

My understanding that everyone will receive anywhere from 70% to 90% of the uninsured parts of deposits eventually. Uninsured does not mean "... and it's gone". It rather means "best effort to get it back".
It didn't. The article is nonsense. He probably primed it beforehand by talking about Sudoku, or it may have just chanced onto something similar. When I ask it to code Sumplete, it creates a "math-based game in which players have to solve a sequence of simple addition problems within a limited time to progress to the next level."
Incompetence has been spreading throughout all industries for the past few years. I frequently think back to this Ask HN from September 2020 asking if anyone else has noticed the trend. [0]

That said, it seems a bit (outrageously) disingenuous to blame this on "tech" incompetence, when these startups are failing through no fault of their own, and when in fact the failure is due solely to the incompetence of bankers.

The CFO of Lehman Global Investment Bank was an executive at SVB, having started there in 2007 just one year prior to Lehman going bankrupt.

[0] https://news.ycombinator.com/item?id=24421934
ChatGPT reflects the populous as a who as it should. To do otherwise would be a misrepresentation of reality.
Where does the money come from? I mean that non-sarcastically, confess I've not figured out the way the banking system in the large works.

edit : thanks all for coherent clear responses.
I think people need to watch Goblin Slayer.
Exactly. If there was no strong opinion previously, it can't have become "suddenly unpopular."
Did you read carefully?

Your second link is a game different than Sumplete's rules, so not sure why you linked it.

You have one source, the Digital Trends article. It speaks about a mobile game being similar. The link here is at best circumstantial. The app page doesn't describe the rules of the game. Instead it says this:

"It is very similar to classical game of Kakuro"

I checked Kakuro, and it has similar, but distinctly DIFFERENT rules, as well. So, what's the theory here? GPT downloaded the game and ran it on its phone? No. Maybe the description of this game is somewhere. Maybe. But I couldn't find it. Where is it?

The excuse "it's somewhere, so it didn't invent it" will always be used for why an AI can't produce a "novel idea". While the reality of novel ideas is very simple: it's like conservation of matter & energy. You can never make something or destroy it. You can only rearrange it. New ideas are a rearrangement of other existing ideas. It's the case for everything we ever made. And everything we ourselves are.
Misleading title. Correct title "Etsy stops paying sellers due to liquidity issues arising from SVB failure, may be about to go bust".
Yes but a week can be a long time. Startups trying to make payroll for the 15th might be in a tough spot.
That would be exactly the kind of Chicago School Free Market Fundamentalism the story is calling out. I suggest skipping this link and instead get your hands on a copy of Robert Heilbroner's book The Worldly Philosophers.
If that's the case, then the FDIC should get rid of the depository limit then, and price their insurance accordingly.

The point is, right now, and in previous failures, uninsured depositors were not made whole. And, if the feds weren't worried about contagion, then they absolutely would not bail out depositors. So the moral hazard is "if you're going to blow up, make sure you blow up big, and get enough powerful people to contact your congressmen, otherwise, you're screwed".
Quantizing is a lossy process, you can't really claim to be running the 65B model llama at that point (though the 65b qgpt-llama does look like it might be very useful)
Bill Ackman says ~50%: https://mobile.twitter.com/BillAckman/status/163466228684441...

That should be enough for payroll, but not enough to spark a mass exodus from small and regional banks into the "systematically important banks" (ie too big to fail).
Yes, reserve requirements don't guarantee any maximum leverage either.

Suppose your assets are 50 dollar reserves and 50 dollar investments.

The liability side of your balance sheet is 20 dollars of equity and 80 dollars deposits. For a leverage ratio of 1:4.

If the investments drop 10 dollars in value (to 40 dollars), your leverage ratio goes to 1:8.

If the investments drop 20 dollars in value (to 30 dollars) your leverage ratio goes 1:infinity.

If your investments drop below 30 dollars (say to zero), you are insolvent.

Yes, reserves are a tool that banks can use. But that doesn't mean that legal minimum reserve requirements are a good idea.
Can you post some photos?

[Just to be clear, it's not a "pics or it didn't happen". I believe you, but I'd like some photos.]
This isn't going unchecked.
You can find similar rates from some other banks today. It is not so hard to do when 1mo treasury bills are yielding 4.80 and 3m over 5.0%
I've only seen entry level positions being hired lately (across APAC). Market is very dry and layoffs continue across the industry.
They both do argue that permanent DST is a bad idea. They argue for permanent standard time.
Think your response is brave? At least someone is speaking up for the minority.
Couldnt agree more.
Also, try telling your doc ypu cut open the pill and took less. Id say 3 out of 10 docs in the US will immediately terminate their primary care relationship with you and refuse you any further prescriptions. Might even put you on a "list" for being a drug seeker.
At the very least they will be pissed. (Most docs are megalomaniacs that cannot fathom a patient being as intellectually capable or informed as them, or having agency over their own bodies, but im off on a tangent now)

Other regulations that hurt legit patients more than "drug seekers" : you cannot transfer a script between pharmacies, so if the pharmacy is out, you have to have your doc cancel the script and send to a diff pharmacy, a process which can take several days at worst. Some pharmacys say they are not legally allowed to disclose their stock over the phone, so you may need to repeat this process many times.

If you are in a different state, pharmacys will not fill your script from your home state, so good luck traveling anywhere if your script ends during your travels. And some docs/pharmacies will let you fill early to avoid this problem, but they may label you a drug seeker and put you on a list.
YCombinator is a VC firm. Give them money.

And frankly, if you say, "We're not a VC firm, we're an accelerator", that is a distinction without a difference. You give money to companies that need it. So do that and do not use mine or my family's money. End of discussion.
They put excess of 250k because of the expectation of a higher return. Depositors took the risk when they deposited the 250001the dollar into the account. SVB owners lobbied to reduce regulation, won, and now they got what they asked for.

Account holders should have their 250k covered and not a cent more unless the owners/shareholders of SVB foot the bill.
Nope, it's pretty bad. Out of maybe 40 applications I've had 2 interviews, made it to round two for one of them, no offer.

LinkedIn positions get 150+ applications within hours. For the first time I got nearly zero response from HN Hiring as well.

I think the issue is everything is skewing wildly towards senior roles, even non-senior roles are getting inundated with 200+ applicants that are over qualified.

If you're like me and have 3yrs of (FAANG and growth stage startups) SWE and 1yr of product eng / TPM'ing you're basically fucked. Hard to tell if I've fucked my career (by not just working at one company with my longest tenure being 2yrs w/ zero resume gaps)or if the market is just not great rn.

I've been staying afloat consulting for a friend's startup - granted SVB probably just nuked any chance of their series A actually happening.

Future is very bleak atm - but thank god I have cash to live on.
> sending out calls for help, and putting holds on their company’s payroll systems.

Love it. Just love the language. Can't bring themselves to say "stopped paying their employees".
You still have to do all the validation on the server, but you can duplicate some or all of it on the front end for convenience.

For simple projects, the validation built in to HTML form elements may be sufficient.
I also found the Post Office stuff a bit bizarre. It isn't clear to me why people are so obsessed with the Post Office. I mean, I thought the Post Office hate was recent, but this book is from 50 years ago! Do they also hate libraries for competing with book stores? It seems to be a foreign concept to some that not all useful services are naturally profitable enterprises without augmenting them in some way that negatively affects their service.

> The author doesn't so much explore topics as expound on them, with an ideological bent that fails to question itself adequately.

I agree with this, and you said it well. The author, including in his more recent writings, seems to have some rather deep-set biases and ideologies but, at least to me, appears to wrap it up with what is presented as honest philosophical and economic "explorations".
Lemme pull out my pocket x-ray machine an examine every dock I plug my computer into. We all have one, right?
Can someone discuss if we are paying for this? My understanding is FDIC is separate from the government and works like insurance for banks. I assume this will raise the rates and I assume banks will, out of the kindness of their hearts, pass that on to the customers?

Why run a bank responsibly and hedge for interest rate rise, if your customers are protected over 250k anyway? Hedging lowers the yield you can give. So ignoring that, you can offer maximum yield and attract companies to do bizarre things like Roku keeping 500 million there or Circle maybe 3.3 billion. This doesn’t punish the bad behavior, it actually encourages it. Although the bank is dead so I guess there is that. But the CEO sold $3.6 million worth of stock two weeks ago so I think he will be fine.