skysight-inc/HackerNews huggingface dataset:
Pretty crazy that the GIC savings strategy we teach kids in junior high might have mitigated this.
It was accurate in the sense that the lawyer used the word ai. In context the lawyer said "Apple uses logarithms (sic) and AI to enhance the images. I don't know how that works". The word AI was used but in context the non-technical lawyer simply meant image enhancing algorithms. No one in that room actually discussed AI.

That being said, one could interpret the top comment that way.
>That should be the principle of a free market, if you insist on keeping it free.

In a free market when companies and banks go down people are just fucked. This is why we don't (and shouldn't) have a free market.
When main street pays for it by losing their job, homes, and ruining their credit... then yeah, I would say main street paid for it.
https://www.theatlantic.com/technology/archive/2022/12/elon-...

He provides vocal and material support to fascist and far-right causes such as vaccine conspiracies and transphobia. He's anti-labor, anti-safety regulations.

I'm guessing you're one of those folks who want to pretend he's not far-right until he openly wears a swastika.
It's a bit different. Banks are supposed to be a safe place for cash. "Safe" means essentially zero risk: interest checking, CDs, etc. Low interest, low risk. This is very different from an investment account (401k or not) where risk is expected.

If I had >250K at a smaller bank, I'd be concerned.
I suspect even not having WiFi makes less of a difference these days people do so much on their phones.
> I don't understand why people are blowing this out of proportion.

I don't understand why people like you don't see the writing on the wall.

Fractional reserve banking is the problem. If you don't see it, I don't have time to explain it.
What a wacky lovely board. A wild plan: use a NVMe controller, but use FPGAs to translate & interface with DDR3 ram.

It definitely foreshadows what CXL is going for!
No amount of math is going to save the original detail from getting downsampled to 170x170
For some reason my script for turning twitter links into nitter and putting the tweet on archive.org failed and I wound up getting the twitter web experience, which includes a box of "More Tweets" which are popular tweets from other accounts that are connected to @billackman by some similarity or network algorithm.

I don't mean to discredit him by association, but the association is entirely stablecoin posters, antivax, federal reserve conspiracies, january 6 "truthers", "traditional white culture" enthusiasts and a Bed, Bath and Beyond retrospective. So maybe think twice about taking financial advice from somebody who uses the single-tweet essay function twitter now has.
how did it come to pass that the more concentrated a sector the better?

the exact opposite is true. excessive concentration means an oligopolistic or oligopsonistic sector that is holding everybody hostage: clients, employees and the political / regulatory system at large

adulation of "bigness", if not with ulterior motives, is naive
> RAM requires constant power. If you lose power, you lose data (more-or-less instantly).

It's perfectly fine for some uses, mine included.

> I'm going to go out on a limb and say the approach you're considering is practically infeasible.

To each his own, but I know for a fact that hardware RAM drives were indeed sold in the past, and after posting this Ask HN I've stumbled upon companies marketing them.

https://ddramdisk.store/2023/01/19/the-ddr4-pcie-x8-lady-has...
Honest and naive question - how safe is the FDIC $250k? I have seen so many situations in life where the rule was one thing and the result was "well sorry, it didn't work that way this time"
A Supermarket Megamerger Will Redefine What You Buy at the Grocery Store
https://archive.ph/memko
Any idiot can throw a filter and some grounds into a V60 and then pour hot water over it but really great pour-overs aren't easy. You need a high-end grinder and fresh, top-quality beans. You need practice dialing in. There's even a bit of an art to making the pourover itself, with blooming and stirring, weighing the output, and timing the draw-down. People pay to see a skilled barista going through the ritual.
At first I thought it was talking about darebee.
Apparently we're blowing this out of proportion.

What proportion is valid when the same problem keeps happening?
There was a really good explainer podcast by NPR's Planet Money back in 2009 on the FDIC takeover of a community bank in Washington State which covers this:

"Anatomy Of A Bank Takeover" (2009)

On a mid-January night, some 80 agents of the Federal Deposit Insurance Corp. pull into Vancouver, Wash. Their rental cars are generic, their arrival times staggered. One by one, agents check into a hotel, each quietly offering a pseudonym to the guy at the desk.

They're here to take over the Bank of Clark County, which the FDIC has decided is insolvent. It's the agency's job to insure American bank deposits and to step in when a bank fails. The FDIC tries to keep the planning for its operations top secret, to avoid sparking a panicked run on the bank. ...

<https://www.npr.org/2009/03/26/102384657/anatomy-of-a-bank-t...>

Specifically as to who the employees of the failed bank work for:

The FDIC agents announce that, through the weekend, the staffers will be temporary employees of the FDIC. Stay and help us, the agents say.

FDIC liquidators themselves often come from previously-failed banks as well, though that's a small fraction of former banks' employees.
I think sometimes historically FDIC has misjudged the banks asset values and payed out too big an advance for uninsured funds (and then hence had to absorbe the loss themselves upon liquidation)
How can McDonalds make the payroll then? Whatever they do to succeed/survive, can't it be copied?
Programming in untyped python feels a little wrong everytime i do it. Functools and the typing module are nice but there are still so many untyped or dirty dependencies with unexpected behavior imo. A bit of a mess.
Mean MoM % change in CPI-U from January to preceding July, 2016-2023:

* 2016: 0.01

* 2017: 0.20

* 2018: 0.27

* 2019: 0.10

* 2020: 0.21

* 2021: 0.30

* 2022: 0.61

* 2023: 0.27

Raw monthly data: https://data.bls.gov/timeseries/CUSR0000SA0&output_view=pct_...

I was skeptical that month-over-month CPI had come down to reasonable levels over a wider time window, but it is much lower than the same period a year ago, and close to recent historical norms outside that inflationary spike. I am eager to see Tuesday's numbers for February inflation.
Do you think there are easy answers to all these questions? The point is there are various intractable problems, the outcome of which is less mom and pop shops.
Yes, the US financial system allows bank to have more ways to make money. And lose it.

US is also the investment capital of the world, so it's quite unsurprising.
No. The author downsampled the image to 170x170 pixels and clipped the white levels so that details were turned to uniform white.
Is there a GoFundMe or something?
How strong of a guarantee is it? Have there been other examples of a bank failure where depositors with less than $250k were refunded?
That was before QE. What's some bonds to the Fed when they are the kind it would buy for its own balance sheet anyway? The issue is, one, they are in QT right now; two, buying isn't enough, as these are perfectly marketable securities, just that they are worth less than face value, so the Fed or anyone buying them at market price doesn't help. You actually need someone to eat the loss by paying face value.
Yes, but it also creates the obligation for regulators to add the safety of the system which did not happen here.

The problem of regulators being unable to proactively stop a crisis (and then using that as part of an agenda to expand their powers further...before they fail again, and then say they could have stopped it with more power) hasn't gone away though.

Btw, if you doubt this, I have already seen stories briefed into the media out of regulators saying that this happened because Congress passed a bill lowering the threshold for stress tests...ignoring the fact that SVIB was still being overseen by three distinct regulators, was still doing stress tests, and the problem concerned extremely liquid financial instruments that were reported in full in their totally public reporting.
Commonwealth countries follow the principle of "peace, order, and good government," rather than "life, liberty, and the pursuit of happiness".

https://en.wikipedia.org/wiki/Peace,_order,_and_good_governm...
If this was just Roku money, I doubt there would be an uproar. This hit a lot of very small startups with, like, $2mm and 14 months to live. These are not sophisticated companies.
I mean if I knew interest rates were gonna go high all the way back in 2021, then why didn’t SVB?

Oh right cause they didn’t have a CRO.

They bought one of the worst assets you could’ve in that time frame. MBSes with barely any interest and long maturity times.
I always thought Systems Programming == using syscalls, even if done in an interpreted language. Not sure where I picked up that definition or if anyone actually shares it.
> Norwegian Oil and Gas Recommended Model Agreement for sale and purchase ..

NOK is recommended. That document doesn't say what currency is used for actual transfers.
House prices are supposed to only go up. Tech companies are not supposed to do layoffs. Countries are supposed to liberalize over time.

It’s time for a lot of people to grow up.
First, I doubt that the SLOC conversion ratio between sh and Python is really as high as 10x.

Second, yes, I do think the 5000 line Python script would be more maintainable than than the 500 line sh script. I'd choose real types and data structures any day of the week.
We should normalize closing two days a week and vacations for stores. It would make many things improve.
Oh, is R not relevant anymore, or declining?
The FDIC $250,000 insurance is there to protect the depositors.

The amount is not a secret.

If you keep more than that in cash in a bank account, you take a known risk and must definitely not be bailed out.

You did not need to keep that large amount in cash. You could have bought short-term US treasury bills with every cent above $250k, and your deposits would have been perfectly safe. All of it.
Beat me to the punch by about an hour ;-) I just tried submitting this.

This was a really good explainer podcast by NPR's Planet Money back in 2009 on the FDIC takeover of a community bank in Washington State which covers this:

Among other aspects, it addresses what happens to employees of the failed bank:

The FDIC agents announce that, through the weekend, the staffers will be temporary employees of the FDIC. Stay and help us, the agents say.

FDIC liquidators themselves often come from previously-failed banks as well, though that's a small fraction of former banks' employees.

(Obvious relation to SVB's failure should of course be obvious.)
I'll take the reddit-level bait.

Yes, the European Union is the biggest financial supporter of Ukraine and that excludes single European countries contributions.

US tops the military aid, that's most certainly true and it greatly benefits US defense contractors and their workers.

edit: seems like people having problems at reading, as I've said US indeed tops military help which is what the following comment(s) include.

What seems people don't understand is that this kind of (military) help, albeit absolutely critical to Ukraine, is money that stays in US. Every himars rocket fired by Ukraine it's 170k $ being paid to Lockheed Martin.
If you want to work for leas then a living wage, your living will have to be subsidized somehow I guess, do you agree?
3 deaths a year seems laughably trivial compared to the comfort of 350 million.

I also suspect that more people will die from the additional hour of morning dark in the winters. If you want to save lives, Permanent Standard Time would make more sense
Brazil seizing Flipper Zero shipments to prevent use in crime
Did you just do an emotional appeal devoid of logic (but taking advantage of deaths of 200,000 people)?
Don't split into accounts at a $250k limit, but have 2 accounts with working capital in different banks. This is the same principle as having servers in 2 different datacenters.

SVB's clients will not lose all their money - their assets can cover most of it. You mostly just need the second bank to cover the period in which you may not be able to access your money.
Not that many people from EE work remotely for SV. The time difference (9 hours) is just too much, and you can make similar money ($120k-$150k) remotely working for european companies as well.
Generating 20k primes in 1.5 seconds on Apple M1 (vs. others)
You are right of course. Just my knee jerk reaction that if someone is deliberately creating such files, they know exactly how much peril they are creating for themselves. Owing to so many years on the terminal, I still hesitate to name files with a space - a practice which the uninitiated find odd.
Great points - I've worked in many areas where the end result is "cool" though the work is just a hard grind (like most work) but there's an extra penalty because the coolness attracts people who will put up with worse conditions in exchange for pursuing their passion, which really sucks when you discover how quickly your passion can dry up once the grind begins. On the other hand, if what you like is being around (at least formerly) passionate people, that's a huge perk. So start the coffeeshop, if you like the community it'll make you a part of. That's usually what makes people happy, in the end.
That site is an incredible treasure for anyone interested in planning a train journey.
Bets on the cops involved being Freemasons?
Group buys for meds related to untreatable illnesses, etc through independent chemists or labs either in china or eastern Europe
The US has been doing trickle 360 degrees economics. Up is also a direction.
The keyboard itself is not an independent device, but it is part of the console which is basically a subordinate Motorola 68000 computer that is connected to the main unit of the Lisp machine by a long fiber optic cable. The console also includes an HD CRT monitor (which also houses the aforementioned computer), a three-button mouse, and a 16-bit stereo audio DAC. The cathode ray tubes for the early model were custom-blown by Symbolics. The console was one of the reasons why Lisp machines were so expensive.
The problem is that this particular AI enhancement was not advertised as such. Also, in the linked article it was putting moon texture on ping pong balls, which seemed like overzealous application of AI. Samsung could have marketed it as "moon enhancement AI" or something like that, which would be more honest.

My worry about these features becoming commonplace is that if everyone just leave those features enabled, we would end up with many boring photos because they all look similar to each other. The current set of photo filters, even though they seem to be converging on particular looks, at least don't seem to invent as much detail as pasting a moon that's not there.
An acquaintance claimed to know someone who would use a bat to make the first dent in any new car he purchased. But that could be one of those stories that just travel around.
It's very likely. I've only occasionally used in julia for a couple of years and I've been doing various hacks to improve load/compile times for my private packages pretty much since the beginning, so I imagine more experienced programmers would jump at it.
If I had $250k sitting like a duck in my bank account, I don't think I would take my financial advice from random websites. Sorry, but I just don't understand what the target audience of this is.
Truth is that there is no safe place for money. Maybe it is time of everyone to understand that. Everything has some level of risk involved. And here it is time based one.
Regulatory capture, it's called. Man, it does a lot of damage.

Long ago I and colleagues opened accounts at SVB for two different outfits with VC money. It was simply the thing to do when getting started converting that money into software that would then produce lots more money.

It was simply the thing to do. We didn't have CFOs. We knew darn well our deposits would exceed the household-banking FDIC insurance limit. It would have seemed a brutal waste of very precious time to do an independent background check on our banks.

Look, friends, the rule of law is what makes it possible to do business. If we lowly startup entrepreneurs can't trust institutions like banks reliably to provide their services, and we can't trust the government to do their part in maintaining that reliability, who can we trust? Are the next YC classes going to get their financing in Krugerrand gold coins? Are they going to need to look for safes on EBay along with the other gear they need to make the magic happen?

Lowly? Yeah. Compared to banks, governments, infosec certification people, even landlords and vendors? Yeah. Lowly. We have to be able to trust our environment at least a little bit to succeed.

This regulatory capture is freakin' ridiculous and has to come to an end.
I would bet that most stable coins have exactly the same kind of exposure that SVB had. Overexposure to long term bonds bought at rock bottom prices
Find another hobby.

Preferably one that channels your creative impulse in a positive way.

Not one that thrives on fear.

And hopefully doesn't involve computers.

Google doesn't make oil paints.

It doesn't make lap steel guitars.

It doesn't make pruning sheers, mulch, and garden gnomes.

Dogs aren't connected to the internet.

Etc.

Good luck.
But it does have javascript, it's used for image lazy loading and possibly other stuff (I didn't investigate deeply).
I think based on the parent posts choice to go with the "who is your customer" definition and the fact that we intuitively think of RabbitMQ as some sort of systems program, it probably fits the modern definition of systems program that we all kind of agree with but do not necessarily put into words.

I don't think RabbitMQ being written in a "non systems language" is relevant. Its a systems program even if it was written in shell (if it was it might be a bad systems program, but a systems program nonetheless because of it's intended customers and use case).

Which brings us to browsers, which are not systems programs (and I think we tend to not think of them as such) almost entirely due to their primary customers not being programmers. This is despite the fact that they fit the "complexity/size and close to the metal" definitions a lot better than many other programs that are commonly considered to be systems level.
Maybe so. But the flip side of that is that (IMO) a bank that qualifies for FDIC insurance on any sort of scale should have to follow the same risk-controlling rules (Basel III, etc) as any other large bank.

The government has a strong interest in making money be money — someone who holds USD and uses it for transactions should be able to be confident that it won’t evaporate. Currently, one does so in an FDIC-insured bank or by purchasing short-dated [0] treasuries.

And if the government backs a guarantee like this, it should exercise a corresponding amount of control over what becomes of that money.

[0] Hey SVB, you forgot the short-dated part.
Link Extractor PWA
Built a small little utility to extract URLs from a pasted block of text and render them as a list of clickable links.
https://clickable-link-extractor.netlify.app
Rtings: Find the Best Product for Your Needs
SVB was the place investors told companies to put money. SVB was also somewhat difficult to work with, they created a tremendous amount of pressure to do all your banking with them.

And SVB didn't have products that would help you maximize FDIC insurance.

It wasn't exactly predatory, but they set everything up to leave everyone very exposed to SVB issues. I think on purpose, just to maintain power in the ecosystem.
How do you know they're making money?
someone working in the fossil industry shouldn't be considered more responsible to the climate change than someone consuming fossil fuel

right, they shouldn't directly be more responsible than consumers, but they should be responsible for the influence that they do have at their job.

obviously consumers are responsible for the pollution they create. just today my son had a fit because a friend tried to use plastic to start a fire. this may not have been the right response, but he knows that burning plastic is bad, and he acted on that.

i have more sympathy with the oil workers because their options most likely are to quit and be out of work. but anyone who studies to work in the oil industry is making a questionable moral choice. (depends on their attitude, maybe they are trying to contribute improvements to make the impact of fossil fuels less damaging. that would be good)
I cringe everytime my manager tells me not to write shell scripts but javascript instead. There is ShellCheck, Bats and there are extensions for e.g. Visual Studio Code or Jetbrains IDEA that make writing shell and bash scripts a pleasure. I find it generally much more productive to write a shell script because I already know all the gnu/unix userland tools. And i know this shell script will be portable and still running decades from now unless some version specific node script with dependencies.
If you only have one payroll in reserve, then you're already living on the edge and hopefully recognize that one rare-but-real bad event could knock you out of the game. If you're lucky, someone might still come in and save you because your loss is a pittance compared to some. Good luck to you.

But if you have more than one payroll, then you should consider that bank failures and other risks are part of the system and spread your capital across institutions so that no one failure wipes you out.

Risk management and "accountants that hate life" are some of the overhead costs of significant assets.
>what a waste of time and energy

There are services that do this for you. And, maybe it's a risk you're willing to take. Startups are inherently very risky ventures, so out of all the other risks being taken your bank failing is probably low on the risk register in comparison. I think it's ridiculous for established public companies like Roku to get caught flat-footed here, though

At the end of the day it's a known risk, and if you're going to play in the game, you know the rules going into it
That's also a myth that doesn't make sense.

If it was about taxes people would just hold something else and converted some temporarily to pay their taxes leaving government with currency nobody wants.

It's all about people's trust and willingness to store savings and make loans in a given current.
> I recommend that you consider buying a lot of RAM, and using a RAM drive instead.

That suggestion makes no sense. It's one thing to buy a SSD/PCI interface that allows you to plug in your RAM sticks. It's an entirely different thing to buy a brand new computer.

Your suggestion is like "do you need more disk space? Just buy a new computer."
Thats not what parent is saying. They are saying todays value of the known portfolio is not what is on the books due to interest and risk discounting the future value at which the bonds mature.

Either you sell everything now at the discounted value, leading to loss in deposits. Or you wait 10 years and pay everyone back their deposit then. Given current inflation a dollar now is only worth 50 cent in 10 years.
Creative idea! Maybe you’re Pepe Silvia.
I'm in Riverside California and I think your retail prices are a bit too low. There recently have been quite a few mom and pop coffee shops opening up and the prices are higher than Starbucks but they're also packed because each place has a unique take on coffee shops. Maybe this trend will change in a near future recession but right now it seems people pay more for a unique "authentic" experience.
I really like this. Does anyone else know of other extremely unique portfolio sites?