skysight-inc/HackerNews huggingface dataset:
Startups literally fail all the time and for all sorts of different reasons. It's risky for a reason. This will change nothing, startups are still more likely to fail for the other 100 reasons.

It is unfortunate, but it seems like if you allow bad people to take innocent people hostage and reward them for that, you only get more hostage situations.

This is coming from a bank who had lobbied for the regulation to be repealed. That had the CFO of Lehman brothers from 2007. These are professional hostage takers. I would say persecute them, but we all know this isn't going to happen, and they aren't the only people acting this way. They are getting away with scamming people because we let the government make up the losses to the people they scam.

It's no wonder the VCs fled the ship so fast, many of them knew what was brewing. This is VCs money that is lost. That's where startups get their money. These startups slept with dogs, they shouldn't be surprised they wake up with fleas. It's VC bank using VC playbook of zero or hero. Let them get the zero. Do you honestly think all those VCs had no choice in where their startups deposit their money?
But is that a good thing for society? Adding a rent-seeking middleman that doesn't actually contribute anything except a technical workaround for an issue that can be solved directly by the governemnt?
What was the equivalent to the treasuries in this comparison?
Deciding that is exactly what the auction is and it will depend on market conditions, the quality of the assets etc. In the case I was familiar with the assets were "AAA but actually garbage" for the most part and there wasn't a liquid market price so we bid really where we were guestimating the true market price would be but it was a heavy discount to where the failed bank had been holding it.

I don't think I'm actually at liberty to say what our bid was but if you think about the gathering storm of the financial crisis in 2008 and "AAA but garbage" illiquid instruments were very hard to price and very expensive to fund so were trading in the 60s (cents in the dollar that is). So if you're on teh weekend and you get offered a massive parcel of that stuff marked in the 90s that you don't really want to hold in the first place you're going to bid significantly south of where the market closed given you know this news is going to really rock the market when it opens on Monday.

In this case I think the MBS they are holding is going to be more liquid and with a reasonably secure secondary market, and you're not going to be able to do a proper valuation on the SME loans they have in a single weekend and there isn't a liquid market given each loan is it's own special creature so you're going to have to put a bit of a finger in the air on those. So probably somewhat of a haircut but less extreme.
Some companies require or encourage them (HashiCorp, Shopify for ex)
ChatGPT doesn't give you the full vocabulary probability distribution, while locally running does. You need the full probability distribution to do things like constrained text generation, e.g. like this: https://paperswithcode.com/paper/most-language-models-can-be...
The article explains why. These routes have fewer economy seats.
You don’t have to do any of that. You can purchase insurance for excess deposits.
next.js + trpc + pocketbase
leanest stack i've played with in the past 3 years
You’d have to have different physics.

If the earth were revolving in an atmosphere and air resistance was a thing, we’d have spiraled into the sun by the Cretaceous.
Whatever it is they are doing... When I open Spotify, I usually know what I want to listen to. I strongly suspect the redesign is going to make it so that it takes me more time to get there, which is a bad thing.
The hack is to ingrain the law of physics to ur brain so that you get reminded constantly that you got to eat healthy and exercise to maintain your physical body
It does owe something. They have a cash flow problem, because the bank made a poor risk management decision and when big money people like Thiel figured it out, they had their minions and companies run the bank. If you have $100 in cash and a $1M house and you owe me $10k, I’m gonna put a lien on your home and liquidate it for my money.

Now the people who missed the memo are crying about it. Guys like Sacks have taken to Twitter to cry and whine about how they are like poor farmers or whatever.

The reality is the FDIC is good at what it does, and it’s probably best to wait until tomorrow before getting hot and bothered about it. If you want to get angry, ponder how the people who coordinated the bank run got the information used to trigger it.
Security Printing
That Mark Twain story about the flying boat comes to mind.
I do not know any magazine worth reading in german. I'm getting Sueddeutsche Magazin but most of it is just boring.

Decades ago I enjoyed Spex, some writers are still around (Diederich Diedrichsen, Dietmar Dath).

Telepolis from Heise Verlag is somewhat boring but not so bad:

https://www.telepolis.de/

Do I miss anything?
The consequences are the reduction of billions in shareholder value, and we shouldn't be dumb about doing anything that reduces confidence in US banks. SVB shareholders will be down from like 60 bln mkt cap during the pandemic to a good fat 0.
Doesn’t have a license.
> but I'll refrain from saying anything

Sounds like you did.

In any case, schadenfreude typically falls into one of three categories: justice, rivalry or aggression. The OP sounds like they are experiencing the justice aspect- that these people who contribute so little are now enduring hardship.

The problem is that "these people" is just another lazy stereotype- it is just another form of aggression; equating everyone who is hurt here as "easy jobs that can easily be replaced" is not unlike assuming everyone living in a ghetto neighborhood is a thug.

The effects and scope of harm of the stereotype may be different, but both come from the same mental state of mind- these people are other, they don't live like I think they should, and they get what they deserve, despite the fact that the "they" in the sentiment is not representative of the people harmed by it.
SVB's main issue is that their depositors are leaving, and they have to pay their depositors _RIGHT NOW_, as this ongoing bank run occurs.

They cannot afford to wait. Depositors have higher priority than shareholders, so any shareholder equity is obviously wiped out and $0. Such is the curse of seniority: the depositors have a stronger legal priority on those bonds than the shareholders, so the depositors get paid first... and the share holders are paid whatever is remaining (probably $0)
it just makes me want to open a twitter account to post all the dad jokes and questionable p0rn I can, or anime reviews and fan theories, just to proudly provide the link on the ESTA form. (aka just a concentrate of Twitter)

have fun, dear government agents. You were the ones who wanted it.

I hope trollish attitude or behaviour isn't disqualifying, but I couldn't care less if I'm allowed in the USA or not.
Jim Cramer could play the CEO.
Tech companies aren't buying scarce titles that weren't mean to be speculated with. They are bank customers. That is the main difference.

That doesn't mean we shouldn't be concerned about those who lost their jobs because highly speculative investment companies went under, but it is clearly not the same.
Open source is by volunteers if you count it by volume. But probably not if you count by impact. Especially not if you include all the accompanying things like maintenance, packing and running software.

I think what is lacking from open source is reciprocity. Traditional copyright is extreme in that it reserve almost all rights. Open source is extreme in that is reserve almost no rights. The result is the same, the middle men gets all the power.

It isn't going to happen though. Because what is going to happen already is and it isn't that.
he’s literally made a career out of it.
Indeed. The difference is that there are actually people living in Scotland.
Walls == focus.

Leave your walls, collaborate in the collaboration areas, care less about how loud you're being when you get animated about something you're enjoying working on or your new ideas; because you're not killing the focus of the people in their focus areas.

Good work requires variation, collaboration and focus. So, for me how it sounds when you say this is: "people who are given the capability to focus really bum me out"
Your message is somehow undermined by your use of “--” in place of “—”.
https://www.youtube.com/@getoffmylawn6692 is an upcoming channel which covers many obscure DOS games. It's cool to see old games which are usually made by one or two people.

It's also one guy who posts 5 times a week and has ~2000 subscribers, which IMO makes it deserve views on its own
Domestic flights within the UK (e.g. London / Edinburgh) require positive ID checks, since around 1995 or so.

So nothing changes regarding flights from NI to GB. There are usually few checks on the ferries, but one is advised to carry proof of citizenship, as one can be asked to prove that one is entitled to use the CTA.

Separately, it was recently announced that third country nationals traveling from Ireland to NI would not require prior authorisations. i.e. the UK will not police travel across the intra-Ireland brder.
Why? This is so frustrating.
> FDIC insurance exists to stabilize this part of the financial system.

Up to $250k per account holder per bank.
There are hundreds of billions in assets owned by SVB. The accounts with grocery assets likely contain companies that will be future unicorns.

What is there to burn? A large bank will likely purchase the assets/debts outright, the shareholders will get screwed, and the depositors likely be made whole. There's no bailout in that scenario
> Steinbach gave a short speech of her own

She refers to having prepared remarks/written notes because she was nervous. Seems interesting that she prepared a speech to give at someone else's invited talk — almost as if she coordinated with the protestors to allow her to take the podium.
I'm not a Thiel fan, but I see no reason to suspect insider information. Their stock was already down Wednesday night. Articles about SVB's conference call started showing up almost immediately it happened mid-day on Thursday.[1] I'm not much of a finance person, but the SVB CEO's comments[2] set off alarm bells for me as soon as I saw them on Thursday.

Withdrawing their funds was the action that both short-term game theory and act-utilitarianism would point to,[3] so it seems like a no-brainer that Thiel would have his organization pull their funds immediately. If they saw transaction oddities as well, it's even more understandable.

[1] e.g. https://techcrunch.com/2023/03/09/silicon-valley-banks-share...

[2] "If everybody is telling each other that SVB is in trouble, that will be a challenge.", "stay calm. That’s my ask.", etc.

[3] I'm more of a rule-utilitarian/long view person myself, but it's a lot harder to use that approach in this kind of scenario.
Dont confuse the issue. No one has a problem with creditors getting as much of their money as possible by selling assets. The problem is that SVB's book value of assets is far smaller than the debts. Imagine their value on a firesale.

the creditors then take a haircut. It's basic bankruptcy.

What people oppose is taxpayers absorbing the losses beyond $250 000 as promised, and there's a very good reason for this: its another example of privatizing profits and socializing losses. In other words, it encourages risky behavior because they're gambling with the house's money.

Some argue, and they have an excellent point that if SVB's creditors aren't bailed out it could trigger a contagion. Thats a formidable risk. However, we already did mass banking sector bailout less than 15 years ago and it turns out all it did was incentivize irresponsible behavior.
dont forget multinational processed food and snack vendors benefit immensely from the perception that hyperconsumption of sugar salt and fat is normal and good, and that your obesity is a shameless wonder to cherish unto the grave.

look at the sons and daughters of branded food conglomerate moguls and their top executives. youll likely find them quite trim.
> People and businesses need banks no matter what, and they shouldn't be required to do exhaustive due diligence on every bank.

They're already required to do KYC/AML due dilligence on normal human beings. Why shouldn't they be required to do the same for the banks they trust their fortunes with?
That sounds like just another cost of doing business.

Companies RAID-stripe the data on their hard drives, they can pay somebody to spread the risk in their finances.

(At a certain scale this eventually becomes inevitable. Google actually has a huge real estate and finances arm precisely because they have the kind of money pool that is impacted by things like nation-state failure and changes to the tax code in 50 states).
Because the current overinflated housing market is a direct consequence (in the US) of loosening credit requirements for mortgages, the product of a herculean lobbying effort by investment banks in the late 70s to get the government to allow them to securitize mortgages (that is, immediately sell the off after origination), with the mortgage interest deduction (a subsidy to banks) the cherry on top.

Mortgages used to be boring and conservative, house prices were rational, but financial middlemen didn't make any money on it so it had to stop. It took the Reagan administration installing the Merrill Lynch CEO as head of Treasury to get it done.

The 2008 financial crisis and today's overinflated shitshow of a housing market are the direct result, along with tons of wealth creation for the rentier class.
>Is it lossy? Yes, of course. But so what?

"But so what" is missing the entire point of intelligence. You as an intelligent creature only work because of this lossiness. Reality presents far too much information to process and instead brains, especially in higher lifeforms have evolved to filter out as much useless information as possible in the most energy efficient way, while not losing important context.
Your company is the equity holder. You loosing last months paycheck is no different than what happens in the rest of the country any time an employer declares insolvency.

Also, I don't think people in SV appreciate how much rancor and resentment their behavior has generated in the last fifteen years.
> Is there a federal bailout waiting for the immigrant? Or the immigrant’s employees who might also be family members?

Why shouldn't there be? As long as they weren't utterly reckless up to some reasonable standard, IMO they should be. This has the same empty tenor as arguments against student debt relief on whatabout/fairness grounds.

> The purpose is to show we are playing by the same rules. And that somehow, it is not always the poorer, the more uneducated, the ones born to the wrong parents who do not get bailed out.

Two wrongs don't make a right. I get that you're bitter. So am I. Doesn't mean we need to fuck over a bunch of people who are not at all at fault and possibly trigger systemic economic problems, contagion, recession, etc.
It does. In the context of the financial services and reinsurance industries, $42 million is not an enormous amount of money.
well linux is just a implementation of Unix.
Worry about exercise later once you're at a healthy weight. You can lose it solely by watching what you eat. "Snacking" is the single worst dietary habit of the past 100 years. Eating all the time and having your insulin constantly elevated is not good for the body.
...that's an emulator.
On Friday’s thread someone posted that the average return SVB bought was ~1.5%. If the average 30 year rate today is ~7.0%, an ~80% discount sounds correct.
He was just asking a question, man. We’re free to ask questions. Why are you afraid of the question?
Especially for the startup end of things, where we are aiming to disrupt other businesses.

Should we have a strong safety net, so that people who lose their jobs due to market disruptions or executive mismanagement do not suffer? Absolutely. And if it's currently inadequate, by all means let's improve it.

But I think it's wrong to try to protect jobs through government subsidies to industries where execs made bad choices. Which is exactly what a lot of people are apparently asking for when they're asking for depositors to get retroactive free deposit insurance here.
Cool. I wonder how they'll continue their "items must be bigger". Next up: Having to scroll to fully view a single cover.
It's called risk management, it costs money and it's something anyone running a business should be familiar with. Don't run your company like a multimillion dollar lemonade stand.
Ask HN: How to not get sucked into online discussions?
I am trying to learn to not reply to comments in online discussions. Especially, comments which are clearly wrong (imagine 2 + 2 = 5). So far, I have only been able to comment and then delete after a few minutes. Once I delete them, I feel much better; realizing other people's viewpoints are not my problem. I find replying to comments as negative to my mental health regardless whether I agree or disagree. I want to get to the point I can control the urge.
But if your neighbor’s house is currently burning down, you probably want the fire department to put it out before it spreads to your house…
When I saw this in the release notes a couple versions ago, one of the questions it brought up for me is, "What is the right level of specificity for meta-programming abstractions?"
I.e. this lets you do transformations on graphs for modules in this ecosystem, but not for arbitrary python. Does that narrower focus give a better power-to-weight ratio, or will it close off a lot of uses?
Right there's over/under fitting. Train SD on the same data too many times it over produces it in results. Just because they tailor it to get more nebulous results doesn't mean the data doesn't exist in some form.
In the case of Hogan, I think you can find photos of him in the 1980s where he looks overweight. He was muscular enough that it didn't matter much, but he was far from being "ripped". He downsized in the 1990s and I think he looked better for it.
Yes it sucks but rules are rules. Existential risk management.
> Content costs money to make

Some content costs money, other content - and how I dislike the word 'content' which turns that which makes the 'net interesting inside-out to make it into a money-making scheme - costs time to make. Not all time is money, lots of it is time spent on activities which people do without the need for payment since they enjoy it. Call it a 'hobby' or 'pastime' if you want, something to do when you're free to do what you want. Some people like to go and watch sports games, others like to sit on the sofa and watch televised drivel while others park themselves in front of a computer to create something. Much of what is created is interesting only to the creator for the act of creation but some of it has value beyond the experience of the creator. That is indeed how the Linux kernel got started, it is how a lot of music is made, artwork is created and more.
Looks nice but a few things are a bit confusing:

1. I'm not sure what's the difference between -i and -s, they seem to work the same for a few examples I tried

2. It renders every paragraph in a different color, which seems... unnecessary

3. There's a [-] at the beginning of every paragraph which I'm not sure what it is for (seems to suggest that it is to fold the paragraph but I don't really see how to actually fold it).
If you have an account in need of insurance in excess of the FDIC limits, you can speak with your CFO about depositor bonds or contact the appropriate party about any of the other methods in the links that were posted in this thread.
> I reckon you need a special set of glasses to appreciate these kind of articles

Well, yes. Just like one would need a special set of glasses to appreciate an article on threads vs coroutines. Historians write at other historians with the same short-cutting assumptions about loyalty to the author's position as software engineers writing at other software engineers. If we want to get the right understanding then we need to start with the right base frame of reference.
So blame the VCs, but I don't see why of startup founders and their employees should suffer for doing what their investors told them to do.
For one, this seems to integrate with OIDC setups, which makes it easier to use it with existing company credentials (rather than manage accounts for every tool you use).

The naming conflict is unfortunate. At least the old repository is archived, but it'd still be better if this tool could be renamed IMO, especially since it's so new.
Having more people with leftwing/progressive politics involved and less libertarians would help.
As people such as Martinez fill Stanford and rise through its ranks, each subsequent president becomes more likely to endorse such actions, instead of demanding apologies for them.
Yes. There’s a reason that MBAs are a thing. The actual MBA degree is worthless but if you’re trying to run a company, you need to understand that you have to know all of the material that is typically taught in an MBA.
Losing deposits means losing cash flow to fund runway. Many tech companies just spent the last year optimizing to get 18-24 months cash runway. If they just lost several months of that, they will need to recover it somehow. That will come either from layoffs or increasing prices.

Similarly, companies raise capital to achieve goals. If 10-20% of that capital vaporizes, the ability to achieve those goals will be harmed. Some companies will not achieve those goals, and may be unable to raise future financing.

We're talking about operating cash for these companies. The hit to equity holders is not the problem right now.

Of course my comments above refer mostly to venture backed tech companies, but that represents a significant share of SVB's clients.
The title could be "everyone's redesign isn't going well", I am very glad news.ycombinator.com is staying with a tried and true design.

How many here, when they go to reddit, use their new design ? IIRC slashdot tied one too but reverted. And need we mention dejanews --> google groups.

If it works, stick with it.
If you start from scratch, used mirrorless bodies are good value as well. Lenses tend to be on rather expensive so. I consider myself lucky so, old screw drive AF Nikkor lenses don't auto-focus on mirrorless, and thus rather cheap atm. The old AI-s lenses on the other hand are manual focus anyway, and since they are optically really good, are becoming more expensive now.
Stable Diffusion is trained on 2.3 billion images. It would take a human ~220 years to decide if an image should be included in the training set under the condition that a decision takes 1 second and the human works for 8 hours straight year-round.

GPT is even worse in that regard, it was literally trained on the whole web plus other sources. I'd be surprised if a judge would follow the argument that the training data was make by creative choice instead of raw crawling power. I'd argue the size of training data makes it impossible to call for a creative selection process for the data.
You are describing https://www.buildt.ai/
(which uses ChatGPT among other technologies, and was also featured on HN a while back.)