skysight-inc/HackerNews huggingface dataset:
The answer of course is nothing. But it's worth it to read the article to get to this gem of a final sentence.

"Larry Summers, a former treasury secretary, has said that so long as the state steps in, there is no reason to worry that svb will harm other parts of the financial system. Lots of people will be hoping that it does, and that he is right. fS"

Nevermind that no one outside of the "tech" company crowd cares what Larry Summers thinks, the sentence is cringingly ambiguous. What does "it" refer to: (a) the state stepping in or (b) SVB harming other parts of the financial system. Did ChatGPT produce this article.

Not only is there no need to worry about SVB harming other parts of the financial system, there is no need to read "articles" like this one. The amount of useful information is negligible.
You are making the assumption that that $1 in a company's checking account corresponds to $1 of their market cap, which is not even remotely the case.

A much more believable hypothesis is that investors saw the headline, went "Roku is affected by SVB!!" and panic sold.
You should read the ruling. If anyone deserves the finger it would be this dude and his family. After one of them assaulted the victim, multiple threatened to hit their kids, they accusing his flipping the bird at them as being a death threat with a "throat slitting" gesture.
I agree that its unlikely that SVB can call in the loans at any moment.

The bigger issue is that the loans that they made are not properly collateralized because SVB accepted startup equity as the collateral. After all, startups and their founders typically don't have a ton of assets to offer up as collateral on loans at the beginning. If the startups are unable to operate because they no longer have access to their funds, then the value of that collateral is unknowable and the borrower has limited (if any) ability to make regular payments. That would mean that any institution interested in purchasing the loans from SVB would have to go through on a case-by-case basis to assess the true risk associated with each loan. IMO, that makes it very unlikely that we'll see a major institution step in over the weekend. Over time, perhaps those loans will eventually make it to stronger banks, but it will take time, that many startups don't have.
What is the largest office building that has been seized by a lender? How do you go about re-selling such a building or does the bank just have to become a landlord and rent it out piece by piece?
What was the question for which the answer is no?
I have to avoid the electronic parts and 3d printing aisles. I get nerd sniped every fricken single time
Ally? Seems good enough
The WSJ article in Nov 2022 turned out to be pretty accurate, I would be surprised if this one wasn't. This year's Meta layoffs were reported on in Bloomberg as well a few days ago, and Meta hasn't denied either of the reports.
Aren't we talking about hundreds of millions/billions of dollars? At that scale, not a lot of baskets available.
I've said elsewhere I am surprised they didn't launch a 10x bar made in the cantons with pure dark chocolate nougat and keep the mountain on it, with the more prosaic Slovakian the current bar in "new coke" branding
Aka operating cash
David Mou should really have his license to practice revoked. What a fucking clown
While the internet and platforms are important, the underlying tools that make it run are even more important. That is what China is painfully finding out.

That ASML and LAM Research are what enables Facebook and Google and Tencent to exist.

They want to focus more on tools than on platforms
The reserve requirement ratio is the amount of money the bank needs to hold at its account with one of the Federal Reserve Banks per dollar of deposits. A literal pile of cash would not count a single cent towards that requirement.

Modern requirements are based on core capital ratio, which is basically the ratio of a pile of cash that is set aside to deal with losses of assets as a fraction of the assets (weighted by risk, so, e.g., you don't need to set aside any money to protect against a literal pile of cash but you need lots of money to protect against a shitton of shitcoins).
It would be awesome to go back in time and see some of these remote port cities in their heyday (such as Marquette, Duluth).
Coinbase recently "unified" USD and USDC on Coinbase Exchange, trying to pretend they are the same thing. Absolutely boneheaded move. I expected it to cause problems for them eventually, but I'm surprised it was so soon...
I am really unsure what was going on here - it seems the crown made no attempt to find the victim guilty, and the police had formally rejected charges (and as the ruling says literally told the complainant that if anyone had committed crimes it was them).

The judge also seems to believe that this is what the crown was wanting, so is there some reason that they could have been required to bring the case?
The zero sum property also makes it really easy to just add up along (any subset of) each column and find most errors. Not so important now when everything's stored in a computerized database anyway, but a lot more relevant to actual books with actual writing in them.
If your net worth is high enough, then most banks offer a private banking service which is night and day different than what most consumers are getting.
Big 4 and TD
No, the bank they worked for is no longer in business. The FDIC created a new bank, the Deposit Insurance National Bank of Santa Clara, and transferred all of SIVB's deposits to the DINB. On Monday, all of the physical branches of SIVB will open as branches of DINB

https://www.fdic.gov/news/press-releases/2023/pr23016.html
I can't edit this anymore, but: there are multiple articles explaining that SVB owned mortgage-backed-securities, which is what I meant by "getting greedy".
But the federal government (fdic) will pay them, pay their accrued holiday pay, etc.
Dollars to donuts they’re a “sound money” kook who wants the Federal Reserve not to be able to manipulate the money supply to achieve societal objectives like “low unemployment” and “inflation that closely tracks growth in economic activity and population” and “preventing a deflationary spiral because economic activity shut down due to a global pandemic” because all of that is interference with the Holy Free Market.

Because after all the purpose of society is to serve the market, not the other way around, right?
This is not what it is, this is how you specifically use them.
> this nutjob is absolutely paranoid

If COVID's social experiment (especially masks, on both sides, as some bizarre litmus for "Are you crazy or sane?") taught us anything, it's that we should remember to measure ourselves by our communities.

If 9/10 of my neighbors think I'm a paranoid asshole, then I'm probably a paranoid asshole.

I should then spend some time reflecting on why they think that, rather than rationalizing and conspiring with my immediate family about how the rest of the world is out to get us by tagging the street with chalk drawings.
Unsigned integer overflow is not undefined behavior in C++ so won't be caught by UBSan.

Also, UBSan is more overhead than turning on Rust's overflow checking.
> A court is supposed to act impartially and emotions kept in check

What are you talking about? The whole point of a court is, by very definition, to judge
A notebook is a human's best friend (2022)
We need money for economic growth. Creating money causes inflation. So instead we borrow money from tomorrow to build/invest today. There is nothing inherently wrong with this system, and it has worked perfectly fine for hundreds of years (probably longer).
Just get away.

It makes no sense to be poor in the most expensive city in America. Go anywhere else.
> bans practices like DRM and intentional incompatibility

more restrictions on the road to copyright freedom

if restricting what people are allowed to do with software is bad, why does that make it acceptable to create more restirctions on what people can do with software.

once we have 1,000 pages of restrictions closing all the interop and drm loopholes - our software will truely be free
Kind of cool from a boating perspective they were able to get their situation handled mostly on their own. But also potentially not great seamanship on their part but whatever.

This does seem like a great case for using a chat bot - language translations, searching for a technical answer from a non-trending corpus, and looking for locations/phone numbers.
Musk is paying 40 billion for this publicity.
Their banks also have to follow Basel III regulations, unlike SVB.

Exempting "small" banks with hundreds of billions of liabilities from globally agreed upon regulations is a uniquely American issue. Yay lobbbying.
Oh, I was in no way suggesting that Gtk+ pushed Qt to more permissive licensing, but instead that both KDE and GNOME did. And even then, that it's just my feel of the situation from long ago :)

And it's certainly a valid claim that Qt is more omnipresent than Gtk+ today.

Thanks for the lovely chat, I enjoyed going back ~20 years :)
> commercial institutions larger than the personal-trust threshold are attested as far back as written history goes

[citation needed]? I don't necessarily doubt you but I'd like to see an example. The only thing I can really think of would be governments, but that was definitely personal trust (mixed with a little bit of threat of summary execution if the king didn't like you).
People pay rent for land use. Solar panel income on marginally productive land which actually increased yield of different crops with reduced sunburn, bolting and watering costs combined with revenue in rent, might be better economics than high yield, high water, high till, high fertiliser crops.
Lesson learned from a Show HN (2022)
> I wonder if there is any money to be made shorting companies wrapped up in this mess.

You are two days too late for that.
I've started referring to it as artificial untelligence
hold up hold up. there's a key distinction between the two categories of things you list in your examples. The first three are items that are consumed to meet Alice's specific desires, with features that match these desires-- a specific car, a specific house, a specific vacation. Alice buys them because she wants to use them.

In a sense Alice also buys physical capital to use them, but she's not using physical capital because of its specific qualities but instead because of the money the products it produces will fetch when sold on the market. Alice wants a vacation because she wants to go to Paris or New Zealand or whatever. Alice wants a machine part because she wants the money it will make her. Two very different categories of thing!

I bring this up not exactly as a critique of your analysis, but instead because none of the discussion in this thread is particularly tethered to the process of production, and it's specifically the disruption to production that makes the SVB collapse troubling.
Pilots should have flown the Blackbird single seater.
The forces museum in Beijing with the U2 parts is wonderful. Well worth the visit.
I'd say not majority of the banks or anything like that but top ones like Goldman Sachs (Apple's choice) is more stable than all 3rd world countries and their CB too. Because GS has money printer on their side, literally.
Now I don't think any bank is your friend, but WF is probably one of the least bad options (among the big banks -- there are arguments to support a small local bank instead, although today's news put that somewhat in question). I've been customer of them for 20+ years and there were few irregularities (all, except when I distractedly left $200 at an ATM were resolved). They also signed me up for a new CC without me requesting such. As it turns out, that new CC had better conditions, so I don't mind at all. Not long ago there was a banking error (I suppose) -- a _substantial_ wire transfer from an unknown to me source, right around the time I expected a background check. That was resolved, but it took quite a while to get the wire fee refunded (a small amount, but why should I fund their mistakes?), in the end it was a local branch which paid me from some allowance they have to keep customers happy. Last year a woman unknown to me bought her cell phone with my funds using an ACH transfer. That was resolved and WF stated in writing that I "was not at fault" (well, I knew _that_). That's as far as their apologies go.

I do like their web site. It's comparatively simple and efficient (Captital One's is better, Citibank's is a whole mess last time I had to use it). Citibank also froze my account while I was abroad. Goes w/o saying that I severed my ties with them once I returned.
Learning Humanoid Locomotion with Transformers
More money for me, I don’t mind the office.
A Window into the Medieval Mind
70s Surfacing Challenge – 3D scans of iconic 70s designs (2022)
The federal government pays a vast number of people a vast amount of money every day. Not all of them are employees.
I agree that protecting desert ecosystems is important, but isn't desertification more of a problem than "rapidly disappearing" desert?
ChatGPT can’t access the internet, even though it looks like it can
Really sad about the extended work hours, but still happy about enabling women to work in late shifts.....dunno why this was not the case until.
The Oscars’ Knack for Being Wrong
Just to note that interest percentage is a prize fund and most deposits get nothing.
https://nmgl.org/great-lakes-historical-society/ has some content and photos but it wouldn't be anything like actually being there.
> a library’s main goal is to preserve information over time

That is absolutely not a library's main goal. A library's main goal is to provide access to information, not preserve it. Archive.org is thinking about what an archive is for. That's is understandable, but don't let their confusion confuse you.
Splitting hairs.
Thanks to many VCs asking all of their portfolio companies to withdraw at once, SVB had $42b in withdrawal requests on Thursday. On Friday there would have had many more billions if they hadn't ceased taking them.

I wonder if any US bank could muster up $100b in 24 hours.

(On most days with lots of withdrawals, like on common pay days, banks will see lots deposits too. They aren't one-directional and out of the blue.)
How? I have a laptop and the clothes on my back. Where do I go and what do I do when I get there? I don't have family or friends. My skills are web development, and office type work. I can read and write. I'm 37 years old and not strong or sturdy enough for construction. I'm single with no dependents. I'm a straight white male that isn't dying of AIDs so I don't qualify for any preferential vouchers.

What do I possibly do?
https://www.google.com/search?q=stupidest+elon+tweets

For a supposedly smart man he says some INCREDIBLY stupid things.
https://www.youtube.com/watch?v=1G0tfb8ZefA
You need to extend your metaphor.

Imagine instead that the government was paying car manufacturers more than the cost of installation for every seat belt in a car.

You wouldn’t need to have a policy requiring seatbelts: every car would be liberally festooned with them.
Its not strange at all, you have a ratio of bots mixed in with people, and quite a number of them seem like those broken Chat-GPT narratives you see.

Political warfare is nothing new. Any intelligent person knows, if it doesn't have sources its not credible.
USDC Loses Peg to the Dollar
I was in a similar situation as you, and found a software engineer job. But I also benefitted from timing, as I was able to find a job before the market starting turning down last year. Basically I was able to find a startup willing to take a chance on me, perhaps for lack of better options. Unfortunately that will be the case for those coming from non-traditional ways and entry level.

FWIW, the Who's Hiring and Who Wants to be Hired threads here on Hacker News had led me to a few interviews each month, when I was looking. That's all you need, plus maybe brush up on LeetCode.
No it isn't according to the definition everyone else uses for "gerrymandering" (drawing specific electorate boundaries with partisan goals).

What he's complaining about (that the system of one representative from each electorate biases against candidates who could never win in one electorate but have a modest amount of support in the entire population) is worth contemplating, but isn't gerrymandering. New Zealand addresses this problem by giving everyone two votes, an electorate vote and a party vote, and members are chosen from electorates and party lists. New Zealand only has one chamber. Australia has two. Australia's Upper House is elected at a state level with multiple members from each state, so this is where minor party candidates get elected.
How to Understand the Problems at Silicon Valley Bank
Why did the sheep not already have access to a shed or other form of shelter from the sun/rain?
No their bounds are worth fundamentally less than they paid for them.
A HN comment for the ages.

Reply to two basically correct statements, make a claim that's completely false, and then — and here's the genius — say a bunch of true statements that come around to support the view you're disagreeing with!
40% of American SEs need to realize there are people in India and China that will do the same job for 1/6 the wage. If a company is going through the hassle and problems with remote workers, they might as well do it on the cheap.

It’s not the same as it was 15 years ago. My interactions in general have encountered well educated individuals familiar with American culture.
They fired Vic Gundotra
as pointed out, both Jetson and UM do this, but the upcoming Grace does it at higher bandwidth than the apple chip.
Like, Team Skull was interesting! I really liked them, they worked really well as a red herring to distract players from Aether. Then there was Team Yell, who I guess was a little funny? Not endearing enough to be worth a lack of a genuine villain. And I haven't finished SV yet, but Team Star is looking like they're the same route. I just want a bad guy again! https://pokemoninfinitefusioncalculator.com/pokemon-infinite...
Related discussion: “Soft Electronics - Household Appliances from 60’s, 70’s and 80’s”.[0]

[0] https://discourse.mcneel.com/t/soft-electronics-household-ap...
Since 1990, a party has won a majority of seats without getting the most votes four times. In the US House it’s happened just once.
Good points, and it sort of overlaps with themes in one of my favorite modern sci-fi novels “Freedom” by Daniel Suarez. In it a billionaire game developer creates an alternative “dark net” sorta DAO tailored to bring out the best in communities of people. It’s less mathematics based, but still based on algorithms setup to reward healthy communities. Sorta fascinating idea.

The notion of a DAO designed by a genius game developer also highlights that much of the problem can’t or won’t be “solved” by mathematics. The DAO was supposedly successful because the game developer understood human communities and psyche. We just don’t have the statistical data or computational power yet to solve problems of that nature, IMHO. Though better mathematical tools would be great ways to tune our systems.

Mainly mathematical tools miss out on the inconsistencies of human cognition. The best thing we can have is a well educated populous with a culture and belief system conducive to democracy. Also prosperity and abundance of natural resources help as well.
What a great link!

Reading about the topsites really takes me back. STH, ET, FS, HDS. These were famous acronyms! It was hard to get an account and you had to work hard to keep it. As a courier, I remember ending up in all sorts of groups so I could "pre" (be the first to upload) new releases. It's nice too to re-read the Netmonkey Weekly Reports. This was a weekly scene 'zine that kept score and documented all the drama.
The omniscient debugging in this article was new to me. Sounds like this could be quite useful. Does anyone here have experience using this?
So they build an incredibly convincing lying machine? is it always going to be like this because there is no algorithm for truth ?
I dunno. I've seen management be sketchy on transparency before. But when it comes to people's money getting into their hands, I've actually never had management do the "whoops, it will be there next week" thing. It's always been straight forward with what happened and with expectations. Which makes sense, as you said, people won't show up if they don't get there money.

It's all circumstantial anyway. I don't think it's fair to call this a case of a "typical startup". Although it's definitely a stereotype of startups.
How long before a Lua implementation of gdb for neovim outperforms gdb in Vi-mode?
Source?

I agree that we need more long term study of mRNA. It’s super promising for sure and probably safe, but I worry about auto immune consequences.

A mRNA vaccine against skin cancer for example seems particularly desirable for me, but also particularly dangerous potentially, given that skin cancer cells are very close to normal body cells. What if the vaccine goes slightly wrong sometimes and your body learns to destroy your skin?
It's the difference between shining a flashlight in your eyes and not shining a flashlight in your eyes.
Oh, and the Akshaya Patra initiative is charitably funded.
It is an initiative by the Internet Society of Krishna Consciousness (ISKCON), a religious movement in India.

They do great work, but have come under flak for not giving eggs to the children...
That sounds like a username/password with extra steps
DAI also depegged. Apparently DAI has 40% of its reserves in USDC... stupid kids.
If you are willing to sell at a discount, you can sell faster.

But more importantly, you probably don't have as many highly paid bankers, lawyers, accountants and regulators trying to push the deal through. Nobody could afford that.
Another interface for programming is a graph that shows the flow of data (like a circuit), like Blender nodes. Problem is, it only really works for functional programs, and don't work for higher order functions either
Not using proper pronouns is putting mental strain on a mentally ill person. Imagine blowing smoke in the face of an asthma patient.
Could a tech company have split their accounts into separate $250k accounts? I'm not sure if the bank would offer that.
I assume the person to whom you are replying was thinking more along the lines of end-to-end encryption. Email is very rarely end-to-end encrypted, and none of its standards relate to end-to-end encryption so you have to do it with other methods which are notoriously difficult to use correctly.
Well, and we should have projects for running “fuzzers” against said laws to find exploits before they’re accepted. ;)
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If I find my HP printer upgraded in this way, I literally will build a trebuchet in the back of my truck and hurl the now worthless paperweight through the window of the local HP division, which happens to be their printer R&D department.

I will happily face any resulting criminal charges, because I am pretty sure there would be enough sympathy here alone to raise bail and legal fees.

If they want to behave like criminals, then they should expect tit-for-tat retaliation.
If they lost $3.3b, it's what, .9175 : 1 ?

So nominal price should be $.9175 on the dollar presumably.

Add in another couple bips for the uncertainty.

Edit: It would be actually hilarious if USDC failed because the banking system. I doubt it will happen, you'd have to see further contagion from the other banks Circle uses for their dollar reserves. I figure the tipping point for a bank run is quite high?