skysight-inc/HackerNews huggingface dataset:
I guess your system works, but I hope you’d agree it’s quite the hassle! It also seems you’d be ok with paying fees for pure money storage, though hopefully you can see why the average person would hate such a setup.

I think from your POV that banks are horrible, thinking that even depositors should lose their money is in fact a defensible argument. So I concede that your view is one I can respect despite disagreeing.

But in my view, banks are a useful fiction because of the utility they provide (specifically easy storage of and convenient access to money). Even if a person can buy property to reduce bank risk (again, a super inconvenient workaround!), I’m not sure I want _businesses_ to be doing so, especially in light of the likely resulting impact on property values. I acknowledge a system relying on banks indeed has risks, but to me that’s a stronger argument for better regulations and protections to mitigate the risks than it is an argument to dissolve the system and lose its benefits.
The great financial crash and the socialization of losses that followed it have a lot to do with this populist attitude
susurrus or susurration is a very literary word for a whisper/whispering. The usual adjective would be susurrous or susurrant, rather than susurrential, but in any case it would mean “full of whispering sounds”.
I fell for the hype that Textual always gets on HN and actually used it for a mid-sized commercial app a few months ago. I figured it was a 'safe' choice, given all the developers here who seem to like it, and it was the only TUI library I could find with corporate backing. Here are my notes.

1. Considering it has actual paid developers working on it for quite a while and VC funding, it still lacks a great many features that I took for granted in all the non-commercial TUI libraries, e.g. menus and dialog boxes.

2. The async nature of the library is unpleasant. Can never be sure when/where your code will run.

3. Lots of 'magic' Python variables and methods that you have to override, but there's no way to discover them in your IDE through the type system.

4. Using CSS for laying out a TUI app makes no sense (unless you are a web developer and have Stockholm syndrome from using it for web apps?)

5. It seems to leak memory.

Eventually re-wrote the app from scratch using a different library that gets far less hype and spends no time marketing itself. The result was much better in every way.
> the developer "Robbat" who claimed to have old tape backups never replied

Reminds me of that old story of a company that was diligently putting tapes into their tape writers every day for backups, and stored the backup tapes securely so that in the event of disaster they could recover from the tapes.

One day disaster strikes. They fetch the most recent backup tapes and attempt to restore their data but the tapes are blank. They try the tapes from the day before. Blank. And the day before that and the day before that. They try all of the tapes. Every single tape is blank.

They had been putting backup tapes into the machine for years. But the machine had never actually written anything to any of the tapes. And no-one had checked to see if there was any data on the tapes until the day when they needed the data and it was already too late.

This story is meant to teach people that having a backup routine is not enough. You need to verify that the backups are actually working. That all of the data is actually being backed up.
The Transaction Account Guarantee Program was industry-funded. There is precisely zero moral hazard in protecting depositors, who have no ability to gauge the risk in any particular bank on an ongoing basis, particularly with an industry-funded program.
1) Because cost of living is hard to solve

2) The investor class isn't allow to steal all the profits and live like modern kings.
The Fed, creates magic money from thin air then lends it to the government at interest to sell as T bills. Guess who is on the hook for the interest? The US taxpayer.

The Fed is owned by its member banks which are for-profit corporations. Imagine paying interest to a third party to access your own wealth! That's the USA. There is no technical need for the Fed. We were fine without it till 1913. It just makes a lot of insiders rich.
Is the US at war?
I’ve gone back a few times in the last 2 years and watched his startup school talk on “Competition is for losers”. A lot of his theories and principals sounded brilliant at the time. As each year passes, a lot of his ideas quickly seemed silly.

For example, he compared an airline stock to Google. Google was worth more than the airline, but he believed the airline provided a much greater valued service. He asked the class to imagine life without the airline, or Google. He said he could live without Google, but not without airlines.

Fast forward to today, I would argue that Google provides the greater service. We couldn’t live without Google today, but I can think of a number of ways to travel across the country without using a plane. Greyhound, Uber, rent a car. Heck, there is even an app for cyclists to find a backyard to camp in overnight.
Funny to see this here now. Just a few days ago, I was telling someone about how the CS280 class I took in my first semester at UMich involved writing Pascal running on MTS. We started the semester with $20 of compute time in our accounts and it was possible to blow through all of that if you weren't careful about how you wrote your code.
Here's the citations:

https://en.m.wikipedia.org/wiki/Conservation_of_energy

https://researchblog.duke.edu/2021/03/24/duke-researcher-bus...

I got back to a healthy weight by losing 15kgs. It can be done.
Social media just spreads fear and uncertainty. We don't even know if it's an authentic bank run. But again I'd move $$ out regardless, not because of the social media post though.
You cannot compare the regulation aspects of a bank to FTX, and the crime behind it.
In this case the gains are the interest rate of the checking account.
> People support capitalism for only one reason—they actually really do believe they are temporarily embarrassed capitalists

That's not true. I support capitalism because it objectively produces more wealth than competing systems.

(But I also think that capitalism needs to be regulated. Capitalism is a tool, and like any tool, it can be used both constructively and destructively.)
Others have mentioned here, although I am not sure if or to what extent this is true, that depositors may have had an exclusivity relationship with SVB in order to secure loans or other financial services, which might account for depositors maintaining more the $250k in their accounts. If this is the case, then the risks of their banking relationship was manifest, and I feel there is an argument for taking no special action to reimburse depositors in the full amount. If not, then I agree with you. There is a level of due diligence that is simply unrealistic for individual depositors to perform.
and what percentage of software developers are "staff engineers at well capitalized unicorns"?

0.01% of all developers?

Whatever the number is, that is firmly in the "elite" side of the distribution
You’ve won me over.
I made a fzf-powered tool that makes cd'ing into deep directory trees quite fast and easy. It's somewhat reminiscent of ranger/nnn/broot, but in my mind, it eliminates the mental context switch of entering/exiting those tools.

Some gifs (with speed comparisons) here: https://github.com/dp12/probe
Here are a few:

https://www.pbs.org/newshour/politics/tucker-carlsons-scorn-...

https://thehill.com/homenews/media/3889058-tucker-carlson-sa...

https://www.thedailybeast.com/tucker-carlson-on-trump-i-hate...

https://www.washingtonpost.com/media/2023/03/09/tucker-carls...

https://www.bbc.com/news/world-us-canada-64886188

The messages just recently became public and so have had a fair bit of recent coverage, so Google "tucker carlson hates trump" or similar to get many more.
With a lack of labour, comes a lack of medical care.

While there was a problem with health care funding in Canada, current issues are more severe. There are not enough doctors, nurses, and so on.

And this problem will get worse and worse, as it will everywhere. For example, even with covid numbers way down, hospitals in many areas of Canada are constantly overrun. Hospitals overrun is made worse, because many people have no family doctor, and must go to a hospital for minor issues.

There are not enough beds, with people often stuck in the halls, or being discharged early.

And this is just at the start of this employability crisis.

Now imagine how life expectancy looks, if you cannot get surgeries which extend that life, or, even have issues getting basic blood work done, and preemptive tests.

Most of the population stats you see, are predicated upon life expectancy staying the same, not crashing.

Secondly, China has been lying about population numbers for years, and recent numbers show it is far worse that they admit.

An ominous note here: this is not a temporary thing. With some reproductive numbers approaching 1 per two people, we are already slated for half a century of this, at least.

And if we try to bring those numbers up to "replacement" levels, as some areas have urged/begged their citizens to do? If we try to return them to at least 2.2 per couple?

It means a generation or two of people still caring for the excess elderly, and also caring for the excess young. Squeezed on both ends.
> key about naps: no need to sleep. brain never fully on, never fully off. If I took a 20 minute nap and didn’t fall asleep, i just took an excellent 10 minute nap!

When a person doesn't sleep properly, this is exactly the kind of rubbish they post on the internet
Me x4!
I am kinda shocked that the focus is still on hedging against a 100% singular (riskiest) form of T-bill investing.

Shouldn't we be looking at the implementing Basel III capital requirements for ALL financial companies, and not just toward banks (thus exempting non-banks such as SVB)?
I recently wrote about how ngrok-like functionality is easily implemented in Go via SSH port forwarding: https://eli.thegreenplace.net/2022/ssh-port-forwarding-with-...
In additional to not getting any new VC money anytime soon startups now need to buy a pillow to hide their cash under.
I work on a <500kB RAM embedded project currently (and similar constraints in previous ones), and I can pretty much mirror what you said. The current project is in the planning/early development phase, and it's like everybody forgot the multi-month entire-app refactors we had to do twice to save some small fraction of total RAM in the previous project. But when you're pushing for another release with another too-tight release schedule, suddenly RAM savings are not an immediate but a future problem.

For us the day will come where we atone for our sins and have to again put off feature updates for months of RAM optimization. But in the PC/server/mobile space, that day gets pushed off whenever people move on to better hardware. So why not continue to bloat your applications, really? There's little incentive to do otherwise. If clunky abstractions make your developers ever so slightly happier, what's the reason not to embrace them?
Can you mention some of these footguns? I don’t encounter footguns.

Once you set up the config and write your scripts, you are good to go! Its functionality and key management are very useful. OpenPGP is also battle tested, well supported.

But yeah it has too many options, and you need to know what options do, and set it up correctly.

Sequoia keeps OpenPGP but provides a better UI.
"In its majestic equality, the law forbids rich and poor alike to sleep under bridges, beg in the streets and steal loaves of bread." --Voytec

It's funny how we just keep rehashing the same issues and abuses over the last 200 years.
If this isn't a reference to "Snowpiercer", then you should really give it a watch. The movie I mean; I haven't seen the TV series.
I wish there was an even faster way to get that stupid piece of paper. I don't even care about what the degree is, just anything.

I am doing ok now without one but i could easily be unemployable in a few years if the job market in the US goes the way of EU and most other countries where a decade+ experience is still 0 value without that degree.

I avoided right out of highschool to avoid debt and wasting my time learning stuff that will not help me in my career. Now I can afford it but no time and I still have a ton of stuff to continue to learn.

I really wish college becomes free like the rest of public education (at least at public unis). The US gov can easily fund public online universities to compete with WGU that are free. I would be so glad to pay more taxes for that.

Internationally, what I have seen is (pure guesstimating based on observation) 60-70% of people with masters know shit/almost-nothing but the rest make US workforce look like they're in grade school. My point is, the talent gap and global competition from asia and eu mostly is very significant. Free college is how you compete with china, not just $800bn (biden just asked for $20bn increase!) military budget.
It wouldn't matter even if they weren't of the same maturities, since you'd have to buy bonds with better interest rates, and you'd want the capital outflow to be spaced out.

The mitigation to interest rate risk is by buying them spaced out so principal returns are being re-invested at changing rates, and you are never tied to a specific rate. https://www.investopedia.com/terms/b/bondladder.asp

Here you see https://www.cnn.com/2023/03/11/business/svb-bank-collapse-ex... their average yield at 1.79%
I do mention D-K, actually.
I think the 3rd point is different for each person. Some people do like "tough love" - being told that they are in a bad place and need to improve will motivate them.

Others, on the other hand, will be pushed further back into the hole by such talk. This is very individual.
From a technological perspective those are neat. But AI (or any computer program) hallucinating entire experiences that never existed is kind of disturbing even if said experience is actually nice.
what library did you end up using instead?
I don't think 10-year T-notes are up 250 bps from 1.56% (might be mistaken -- looks like 235 bps to me), though 10-year MBS might be, and my impression is that SVB's average maturity is more like 6 years than 9. Those would both soften the impact on market value.
This post made me chuckle. It's basically: I don't know about it, therefore it's scary!

But like, what do you know about the FDIC that you don't know about the NCUA? I suspect to most people they're both just opaque blobs of the US Federal government that insure deposits up to $250,000, and that's the limit of most people's understanding of either organization. If you're not confident in the NCUA, I'm not sure what extra information you could possibly have that would make you suddenly confident in the FDIC.
I wish. Not completely. I do make every possible effort to move wealth off of banks though.
> Though I do worry that I may wake in the wrong place

Or they lose track of your pod and find you a dried husk in a warehouse a few years later.
Yes, the NCUA enforces regulatory standards including auditing for credit unions to remain insured.

Actually in many ways the NCUA is a bit more open about their work.

Here's the NCUA informing all credit unions back in 2022 that risk assessments are changing to factor in the sharp rising interest rates affecting asset values.

https://ncua.gov/regulation-supervision/letters-credit-union...

Want to know their enforcement history?
Bam https://ncua.gov/news/enforcement-actions/administrative-ord...
Dey took er derbs
> If a company with 25+ million in cash has to manage more than 100 accounts

These products already exist. That is why I mentioned IntraFi (https://www.intrafinetworkdeposits.com/) and MaxSafe (https://www.wintrust.com/maxsafe.html). There are standard cash management accounts, https://www.moneycrashers.com/cash-management-account/.

> But most tech CEOs/founders of tiny startups probably don't know much about finance, and I can't really blame them for just putting their cash in a large bank.

Completely agree. But this is exactly the type of area VCs should be there to assist with, even if just purely for self interest.

> There's a startup opportunity to build this product right now, a pure custodian-style cash-management "bank" for small companies.

Again, these already exist, and are literally called "cash management accounts".

Also, though, it wasn't just SMBs. Roku had nearly $500 million, a quarter of their cash, in a plain old SVB bank account!! Why they wouldn't put more of their money in 3 month TBills earning nearly 5% is beyond me.
I'm not sure if something like this also happened here, but I have sometimes a document shared with a few coworkers. While discussing it by email, I have to send them (again) the link because otherwise they can't find it.

Each time, gmail says that "John" will not be able to see the document and offers to make it readable/editable for anyone with a link. It appears in a modal window that blocks sending the message. I must read carefully the modal window to click the correct button. "John" can see the doc because he has a google account, but I'm sending the message to his yahoo email because it's his preferred email.

Anyway, I only have a draft of a math midterm for next week. If a hundred of thousands of dollars were in the line, I'd be very nervous.
This is insightful and totally true. It's going to take a long long time to ween off cows as a choice for meat. Impossibly long (if ever). Sad state of affairs. I do like my steak and hamburger though, and I recognize that I'm part of the problem.
"So if you want better wages, it is simple, get people skills that are in high demand."

It's simple in theory, but in practice it seems difficult. How do you provide people in low skill jobs with better skills? I'm sure many of them are capable of learning higher skills. However, I would guess there are many others already operating at their top level. They would likely be able to learn other lower skilled jobs, but I don't see them jumping to a higher level. How does that work in Germany?
Yes. It would just be a constant in the code somewhere.
Parentheses are for grouping. Curly brackets are for creating a new script block. If you would have wanted to write "function foo() {}" in another language, go for curly brackets. It's really not that complex.
Agreed, in an ideal world you'd do them all. Cardio is useful but won't protect you from or prevent a fall. Strength training will.
If one were to combine the concepts of “cooperative” with “zone,” they might have something very interesting.
I agree and have heard the same as you have, but SVB's website still does say a 4.5% yield. So the yields were quite attractive.
> VC friends use that credit as investment in startups who are told they must use SVP.

Maybe, but I was talking specifically about startups themselves being given loans by SVB then requiring the startup to bank there. But I am sure investors also pushed startups to SVB... if your investor (who maybe is highly invested in SVB ... ) says "you should use this bank" are you going to say no? The pressure is immense.

> Is there a social graph of SVP and VCs involved? Are these people pals, friends, "effective" ideologues, etc.?

I'd be more surprised if they weren't.
As others have said, there exist many jobs teenagers can already work and grocery store jobs are among them. This is about working in a meat packing plant. Imagine how different the environments are, one is already safe and made for families to navigate around in and the other one is ... A meat meat packing plant.
I don't really know much about venture capital but this sounds like a gross oversimplification.

More like, the startups that are saved will be a mixed bag of worthwhile startups and dead-end startups. Meanwhile some worthwhile ones will sadly be left behind with the dead-end ones.
Blocks always use braces. Expressions use parentheses for grouping sub-expressions. It's the same as many C-like languages. I can't imagine any situation where you would be confused which one you need to use.
Agree with you.

I am damn sure that GPS satellites are a military target! They are even owned by a military organisation. It just so happens that organisation is the most powerful military power in the world. Given that, the next best thing is to jam GPS signals on the ground and I would be very surprised the Russians are not doing it at some scales.

I highly doubt Americans gave the Ukrainians the keys for the special modulation that bypasses usual jamming abilities.
Maybe the solution is to explain in plain terms what's going to happen. In other words, how much money there is, where it's coming from, and where it's going.
What are these assets? I'm assuming they include the loans that will be called in. When a bank calls in its loans, do they have immediate access to the money, or do the customers in turn have to sell their own assets to pay back the loans?

On the other hand, if the bank had sufficient assets to make their depositors whole, how did they fail in the first place?
Ok, what about my bmi?

The point in using extremes and then a more modest (and probably realistic) example of myself was that BMI is a potential trap for anyone who has muscle (even if they are, in fact, very fat). They will most likely be rated a category or two above where they should be, and a weight loss regimen for someone who is “extremely obese” versus someone who is merely “overweight” will probably look very different. Specifically, one will probably be a major intervention or lifestyle change, while the other is most likely a small/medium lifestyle change.
I watch reasonably long content typically in the philosophy/sociology space, though not exclusively. Here are some of my favorites:

Philosophy Tube has pretty good rundowns of different areas in philosophy. A year or so ago she came out as trans and that has really elevated the show to a new level, but perhaps also narrowed the focus somewhat.

Alice Cappelle makes down-to-earth video essays about structural and social issues we all encounter. I enjoy hearing her European perspective.

We're In Hell is your pot smoking neighbors lefttube video essay channel that frequently sidetracks about reality TV. I don't know what else to say about that. His takes tend to be well thought out.

jonasceikaCCK makes really good videos about philosophical concepts, their origins, and their counterparts. I would say the same about Then & Now

Unlearning Economics is the left-tube economics channel. There are others that will touch on economics, but this guy is much better informed and presents more thorough analysis than the rest.

Maggie Mae Fish is an excellent media critique video essayist. Her videos tend to reveal the social pressures which shape media into what they are, whether that be patriarchy and bigotry or something more specific to the creator. She also provides different perspectives on (or different readings of) the text that tend to differ pretty wildly from what you'd get on other similar channels.

Noah Samsen, Tara Mooknee, and Tiffany Ferg all make content showing different subcultures on the internet and usually how they're harmful. I like watching channels like these because it helps me understand at least a little of what's going on in the side of the world that participates in that form of social media.

https://www.youtube.com/@PhilosophyTube

https://www.youtube.com/@AliceCappelle

https://www.youtube.com/@WereInHell

https://www.youtube.com/@jonasceikaCCK

https://www.youtube.com/@ThenNow

https://www.youtube.com/@unlearningeconomics9021

https://www.youtube.com/@MaggieMaeFish

https://www.youtube.com/@TaraMooknee

https://www.youtube.com/@NoahSamsen

https://www.youtube.com/@tiffanyferg

https://www.youtube.com/@SMN

https://www.youtube.com/@Tom_Nicholas

Almost everything here is at least somewhat leftist so this list may not be for you.