skysight-inc/HackerNews huggingface dataset:
My little brain sees this as a reason for failure here.

SVB had liquid assets (bonds) that it could sell to meet the demands of the depositors, but those assets fell in value creating losses. The bank was forced to crystalise those losses because it had no cash buffer to fall back on.

If some substantial part of the liquidity had been held as cash this wouldn't have happened.
So if I'm reading this right, 65B at 4bit would consume around 20GB of VRAM and ~130GB of system RAM?
Don’t forget about all the accolades he left on Facebook stock before it had its massive crash.
I don't see myself using a non open source solution for such a critical part of my app

Why not open source it and use an open core model?
>> Those numbers at the bottom of a cheque? Yeah, they include your account number.
> Yes, as well as the routing number.
>> There's no inherent information risk to giving out an account number …
>Of _course_ there is. In the US, the account + routing number is sufficient to perform a ACH transfer, write checks against that account, etc.
The risk is enormous.

So… how does writing a check remove this risk then? That was the original point, that writing a check is safer than giving out your account number.
Why would you expect that? It doesn’t seem to follow at all… If banking was less profitable, they’d more likely want to try and increase volume (issuing more loans) to try to make up for it and make more profit.

(Which is why bank regulation is incredibly important, because without strong regulation banks often do start to chase profit by lending to more and more risky customers, and when that unwinds you get what happened in 2008)
As someone who speaks English poorly but has a little bit of experience with the subject, I surprised the proper name is systems programming, not system programming. Why it is so?
There's no profit to be had in giving shade to the sheep.
Your calculation on AGM batteries is false, AFAIK.

AGMs (basically lead acid batteries) have a much lower lifetime (about 300 cycles, not 5'000 [1]) versus LifePo4 (Lithium iron phosphate, ~2'000 cycles [1]), to the point where it doesn't make economical sense to buy an AGM today [1].

As an example, you could get six 12.8V, 200 Ah LifePo4 incl. BMS from a US supplier for 3'5000 USD [2]. That will give you 15kWh (not w) of storage, so, more than the 'Powerwall' you cite and much more than your AGM batteries.

Your calculation has another mistake, I think. With AGM batterie, you can only use 50% of the labeled energy [2], so your calculation is off by another factor of two. With LifePo4 you can use about 80% of the labeled capacity, if you want to get a long lifetime out of your LifePo4 battery.

From another Source [1]:
[LifePo4] Up to 6 time the cycle life

AGM Deep cycle – 300 cycles @ 100% DoD

LiFePO4 – 2'000 cycles @ 100% DoD

Benefits:

Lower total cost of ownership (cost per kWh much lower over life of battery for LiFePO4)
Reduction in replacement costs – replace the AGM up to 6 times before the LiFePO4 needs replacing

[1] https://www.sealedperformance.com.au/faq/what-are-some-diffe...

[2] https://ipowerqueen.com/collections/12-8v-series/products/12...

[3] https://www.crownbattery.com/news/agm-vs-flooded-batteries-w....

(edited for formatting and typos)
The oldest privesc: injecting careless administrators’ terminals using TTY push
Good thing that wind power is stronger in the winter, thus complementary to solar energy.

> They are not, not even close, and this is even ignoring how nuclear power in France subsidizes solar/wind in a deliberate, systemic way.

Source? Do you also want to tell us about the subsidiaries of nuclear energy in France?
It would be nice to have an ARM workstation to quickly experiment with this.
It's funny because just this week I moved some BTC from a wallet I hadn't touched since 2013. And I used it to pay for something pretty mundane. In retrospective, the idea of someone whipping their "10 year old wallet" just to pay for something trivial is a bit amusing to me.
I think that only holds up while people still have faith in the coin. Once that faith is gone Coinbase can buy as much as they want the coin is worthless.
I disagree. The poster has an interesting point and contrarian perspective. Is it a grandiose metaphor? Probably. Can we learn from the discourse? Definitely.

Even if the hyperbolic claim you made was true (it's not - see below if you want), why should we all be polite, pious disciples of Silicon Valley? It's ok to critique things, even when they provide some good.

N.B. I think it's more accurate to say the actual majority of tech we use is born from government funded research à la the entrepreneurial state. One should not confuse R&D with commercialization.
I tried this, using https://makepad.dev our GPU accelerated UI and renderstack. And unfortunately it wasn't a great experience. Text popping forward for whatever reason is not really an improvement (i tried indent depth, syntax highlighting reasons, cursor behavior). Maybe 'veeeeery' subtly could do something, but otherwise you dont want it to break visual symmetry as we are used to
In practice since 2008 even if the theory is that it’s up to 250k in practice banks get acquired from the FDIC basically on the unspoken condition that all deposits are maintained at 100 cents on the dollar
What reason is there to assume spousal abuse and abuse from a boss is comparable in either frequency or severity?

Not to mention that one relationship seems much harder to get out of than another.
$250k is not the most an account holder can get back if a bank fails, it is literally the minimum.
Hmm you're right about the Circle balance sheet. It is/was indeed short dated bills not notes. https://6778953.fs1.hubspotusercontent-na1.net/hubfs/6778953...

Although, still room for losses with those numbers ($50B) https://ycharts.com/indicators/3_month_t_bill, and make them more likely to want to hold to maturity.
This is why I think the most powerful abstraction for framework with extension points is c++ template meta programming. Wait! Hear me out!

Template meta programming is an entirely separate, incredibly complex, programming language distinct from c++. The only people I have ever seen use it in production are exceptionally skilled programmers. Everyone else flees and cowers. If they try to change it it will not compile. So why is this good? Because it only allows the framework to be extended in the ways intended by the original designer. Anyone wanting to update this unholy beast will be a master programmer who’s investing significant effort. That implies the updates will be good.

Good code is easy to change. Great code is near impossible to change, but easy to extend.
Silicon Valley Bank dies but its disease lives on
There's open-assistant.io, which is doing RLHF directly on the open
An article from long ago about this problem:

https://mako.cc/copyrighteous/google-has-most-of-my-email-be...
Oh yeah there's definitely plenty more than I mentioned. But I just wanted to highlight that his reputation as this sort of accidental Grim Reaper of companies originated in the GFC back in 07/08
> And don't fall back on 'they were bailed out'. They were bailed out by other banks buying their assets + liabilities, and by the insurance payments they were making.

Is that true? I'm not sure it is. The U.S. government gave hundreds of billions of dollars direct to banks and other institutions. The total actual cost has been estimated to be around $500 billion, despite claims that the loaned money was all paid back.

https://en.wikipedia.org/wiki/Emergency_Economic_Stabilizati...

https://mitsloan.mit.edu/ideas-made-to-matter/heres-how-much...
Y Combinator is 18 today
Glass-Steagal separated commercial banks from investment banks. As far as I can tell, SVB was just a commercial bank and the way it went bust has nothing to do with conduct that would have been prohibited under Glass-Steagal.
> 4-day work week

I would never pick Friday for the day off personally; I do Mondays. In the weekend people have been thinking and fretting and recharging, so, at least in my experience, people want most meetings, calls, discussions on Monday. On Tuesday it rapidly collapses until its tumbleweeds on Friday. So Monday is a great day to not be available imho.
> The original idea with a 100% collaterilised peg was that the entire reserve would be cash.

What is cash? Banknotes? You can't store 500 million pieces of $100 banknotes easily or safely.

Cash usually refers to deposits at accredited financial institutions like banks. Effectively this is an amount of money that the bank owes to Circle. The bank deposits money elsewhere, and the central place where all the money is distributed is the Federal Reserve Bank, the central bank of USA, that can never go bankrupt. OTOH, treasury bond is money that US Treasury owes to Circle, so they are not fundamentally different than cash, and in some cases it's even safer since US Treasury bonds are usually regarded risk-free.
Look at the graph in the article.

The share of big U.S. banks deposits not covered by FDIC at the end of 2022.

94% of SVB's deposits are uninsured.
I used to use it, but its extremely font and glyph-sensitive wether or not it works. And if it doesn't work there is no easy fix (or ability to recognise it nonvisually)
Actually, we don't need cheese.

It's more that we want cheese
I don't think that's true, it's hard finding comparative figures that aren't out of date (one below is mostly ~2004), but it indicates European countries generally have more SMEs per 1000 people than the US, and a couple of more recent articles say the UK still has more.

Anecdotally, I live in Europe and know plenty of entrepreneurs, albeit mostly either in the tech space or as incorporated side gigs.

Source: https://www.nationmaster.com/country-info/stats/Economy/Micr...
I'm sorry... when did hackernews became SVB news?

90% of my feed since yesterday contains the word SVB from hackernews.

Is this some kind of US thing? Can we just move on to other things?
What do we know about the reciprocal busy beaver series?
Right, when you get out before the Inverse Cramer ETF gets to short itself, no? After that it should be priced in.
If you borrow money from a bank, you have to cover your loan with something. If you fail to give the money back, they liquidate those assets and recover their money and interests.

If you are borrowing the bank through deposits, why isn't the bank forced to cover the loan so you can recover your money if the bank fails to pay you?
Except a $100 bill is likely accepted. I’ve been to developing countries that will accept local currency, dollars, and euros. I doubt they would accept any pounds, tethers, or other fake electronic currency.
Leeson is an example of a bank completely failing to use controls whose purpose is to prevent exactly what happened. The bank should have another employee who is in effect marking Leeson's homework, and instead he was allowed to mark his own, so when he was down a million dollars he could say he was up a million dollars, and keep his job. And of course it's quickly not just one million. This isn't hindsight, these were normal controls, but Barings just didn't bother.
In other cases of "what's old is new again", riot police look like ancient soldiers employing ancient battle tactics.
Hey, nice straw man. Of course I think banks should cooperate with the government. I just don't think banks should be more powerful than the gov, which in the US, arguably they are in certain contexts.

And I never said crypto anything was stable on any level. I genuinely believe crypto has 0 usefulness for anything other than very specialised cases, usually to do with avoiding regulation.

The point I was making was that the banking system literally caused the large catastrophe. The fact that people seem to twist this into suggesting it's stable is just absurd.

Just like if your entire SAAS product horribly crashed, deleted and/or leaked a bunch of important customer data and so on, the fact that you were able to fix it doesn't magically mean the system was stable before.
I guess the financial sector understands recursion, with all the intellectual prowess it employs?
If you're so good, why aren't you making 600k at BigTech?
It's something of a meme to say talk about shorting what he recommends his viewers buy. Sometimes people will come up with data showing that if you did that over such-and-such a period you'd be up like 50%, but I don't think that's necessarily worse than anyone would do if they had to pick stocks on national TV every day.
What is the alternative? Bad code?

It's exactly same as arguing you should not educate your workers. Cause they might leave. So you get only the least knowledgeable ones.
Generally agree. I run a startup and we have a few bank accounts. Luckily we were able to pull what we had in SVB (around 35% of cash reserves) on Thursday.

I think a lot of startups are in this situation. They have SVB accounts, but likely don’t have all of their money in there.

One thing to remember, SVB is very founder friendly. Often giving companies favorable lines of credit, giving founders favorable mortgages, etc. They helped us tremendously with our PPP loan, and are also deeply integrated with products like Stripe Atlas.
>For Edward I, filling his army with criminals made perfect sense.

But it works even in modern times.
Wagner group used to enlist criminals who were pardoned if they chose to join Wagner. Many didn't live enough to finish their conscription period.
You have trees?!?
Even in Britain, which has had a similar instant transfer system for 15 years, it's not unusual for payroll to use the slower system.

Though in searching for statistics, I found several payroll processing companies advertising that they would use the Faster Payments (instant) system. The business can keep the money for an additional couple of days, which is presumably an advantage if money is tight.
How founders are reacting to Silicon Valley Bank’s collapse
Not going to lie, I spent 5 minutes on this, I dont understand anything you posted and I am getting big time cube vibes.

In the nicest way possible, take a deep breath and go fishing.
Context matters but don't blame the messenger: https://www.cbc.ca/newsinteractives/features/yuri-bezmenov-s...

Amazing video in the backdrop of a divided nation. Where are the united Americans?
Reading this conversation is like watching Casey skillfully and lovingly jailbreak Uncle Bob's GPT personality prompt, yielding a new and exciting performance focused alter ego which I admiringly dub "SPEEDY BOB".
It's just an anecdote but I think the emoji picker problem they explored is really what it is about. You can debate all day about whether Bob's clean code principles are valuable but the reality is that no pattern from any of his teaching will ever make a text editor get slow after just 300 typed characters in a single line.

I bet I'm Casey's life it happens often that he has to dismantle clean architecture in an application that is already quite fast just to squeeze out some extra performance. But that's not in the same arena of these every day performance annoyances.

It's some sort of variant on Amdahl's law. You could have a million lines of fairly performant code, and then in 3 lines someone fucks up and introduces an accidentally quadratic function into an emoji picker and your whole application will feel slow.

That's also the take away conclusion from this discussion. After listening to 8 hours of uncle Bob going on about clean code, he should pause and tell you to check over your codes performance when you're done. Since the clean code made you so productive, and your code so readable, it should be an easy thing to quickly check your performance.
Why Architects Put Trees on Buildings
You won't get anywhere with a $100 bill in many developed countries, outside of some very tourist-y areas maybe. At least not in regular shops, of course you can exchange it at a bank. But if you try to order a coffee with US dollars, you won't get one.
So you were thinking about doing a million dollar solar install, but you couldn’t come up with $10k for land to do the install?
Without us ‘there is no Google’: EU telcos pressure to pay for the internet
Systems programming : application programming :: B2B :B2C
Ask HN: Which Newsletter tools that you use along with your newsletter platform?
I use substack for my Newsletter and notion to document my research, is there other amazing tools that you guys use ?
The original claim was that C++ "objects" and C PODs and primitives are the same. It's a rather odd claim, and the questions whether C++ "objects" are true objects, there is even a definition of true object, or was object oriented programming a good idea to begin with, don't seem to be closely related.
Needs merging with https://news.ycombinator.com/item?id=35100086
How is that a big "fuck you" to them? More women to rape late at night? You think if they scream or call the cops they will stop the rapist? Doesn't work that way, even in the US.
Why not K8s? Or other stuff?
> FDIC can insure up to $100k (before 2008) and up to $250k (post-2008), so that's at most one person can get back

This is wrong for two reasons:

(1) The insurance limit applies per owner per ownership class; its possible to have accounts in more than one ownership class, and thus more than $250k insured.

(2) Recovery of the insured amount is guaranteed by the full faith and credit of the US government. Recovery of additional amounts is possible, and FDIC will make an effort to make it happen, but that's no guarantee.
Silicon Valley Bank had no official chief risk officer for 8 months
Mrs Smith sues his neighbour for calling her cow publicly all the time and wins the case. On the end of the ruling the neighbour asks the judge:
- Does this mean I cannot call Mrs Smith cow from now on?
- That is right.
- But can I still call a cow Mrs Smith?
- Yes, that you can do.
The neighbour turns to Mrs Smith with a big sarcastic smile:
- See you later Mrs Smith!
On the other side of taking Muratori advice too far, is the story of Mel. Or to be more precise the guy that comes after Mel.

You have a ball of highly optimized mud, that quantum collapses if you glance at it too harshly, and we need it to be USB compatible. By Tuesday. Good luck!
Looking more into this, I found this document with details about the popularity of different alternative directory names: “Project Layout - Survey Results and Updates” https://vector-of-bool.github.io/2018/09/16/layout-survey.ht...

There is also a separate proposal from around the same time, dated one month later and very focused on C++ which I find less useful for C: “Canonical Project Structure” https://open-std.org/JTC1/SC22/WG21/docs/papers/2018/p1204r0...
Yes, I don’t understand what systemic forces are making this not the standard practice.
Where can I order custom designed key caps, for a reasonable price?
>They're immediately doing payouts through JP Morgan Chase

And is JP Morgan safe from having similar issues with SVB?
> YC startups tend to be on average more successful than others, so number probably much higher for other startups.

Is there actually any evidence that YC startups tend to be more successful than others, and on what metrics?
Show HN: Shared cross-platform shopping list via link
AI avatars grace the cover of Vogue Singapore's March Issue
It's not a new technique at this point, but it still blows my mind that you can quantize a model trained at fp16 down to 4 bits, and still have coherent inference results.

> While running, the model uses about 4GB of RAM and Activity Monitor shows it using 748% CPU - which makes sense since I told it to use 8 CPU cores.

> I imagine it's possible to run a larger model such as 13B on this hardware, but I've not figured out how to do that yet.

Naively it seems like you could repeat the same process outlined in the article but with "13B" in place of "7B". What's the catch?
You're still free to use whatever version you're currently using under the terms of the original license.

From an ethical point of view, it's worth thinking about whether you'd like to respect the wishes of the author(s) of the software, even if you are not legally required to.

IANAL.
Let us construct IceCreamGPT. We take a corpus of text written by people who like ice cream and have provably demonstrated their joy while eating it. We then fine tune GPT 3.5 and the resulting model is called IceCreamGPT. Does IceCreamGPT like ice cream or is it only seemingly liking ice cream? It obviously likes ice cream, since it shares the same intentionality as humans responsible for the training data.

Now do the same with people who don't like ice cream but lie and write that they like ice cream. The performance of the second model is identical to the first model. Does this mean IceCreamGPT2 likes ice cream? Of course not, IceCreamGPT2 doesn't like ice cream despite it saying it likes ice cream! We know it doesn't like ice cream because it has the same intentionality as the humans responsible for its training data.

Now we have entered a magic world in which anything can mean anything.
Since an increasing amount of people now has experienced what social media can be like without ads and algorithm-driven feeds in the Fediverse, monetizing these social networks this way will be increasingly difficult.

The ethos that has formed among people communicating on top of the open and free ActivityPub protocol is a strong stance against everything that has made Meta so much money. Any company wanting to introduce ads or user tracking/profiling into the Fediverse would most likely be blocked by a large majority of existing communities.
> It is, in fact, extremely high.

Not in Europe it's not, which is
monodeldiablo's point: there's no inherent risk to giving out your account number. It's only the primitive US system which makes it a risk.
How We Knew Space Was a Vacuum (2021)
The ability to have assets that can't be frozen by a bank or government beaurocratic fuckup is utility.
Plenty of clearnet businesses accept crypto.
4% APY on USD presumably? twic was talking about interest denominated in GBP.
That aggressive approach to get money out is what appeared to have caused a run on the bank and it’s actual failure!
Yes, it's been eye-opening to witness this transformation!
or rare, though I have three of the original ones. :-)

https://moth.social/@lispm/110004084752959978
Wow, an excellent article making a very important point, and well worth reading if you can handle the supercilious attitude.
Who cares about the financial system? What does it mean for the startup sector and companies that trusted SVB with their money?

And what if SVB is just the tip of the iceberg?

Maybe the governments should start better regulating and supervising the banksters and offer no bailouts using public money. Let the wrong doers be the only ones suffering from their mistakes.
Even if we did make it clear which is which, what's the gain from being able to make a clear distinction?

Exactly. I mean, what will you do differently at work tomorrow if your job title is changed from "Systems Programmer" to "Application Programmer"? Approximately nothing.

Is it any more productive than fighting over who got the best text editor?

The text editor discussion is probably more productive!
It's a good idea: it does not protect shareholders at all.