skysight-inc/HackerNews huggingface dataset:
Isn't there goodwill value left over because of relationships and institutional knowledge, even after SVB is stripped of assets and after debt is accounted for? Might some larger bank retain that operation and return some value to taxpayers?
If you’re a startup founder, why would you stash your cash in a small, weird bank like SVB instead of a big safe bank like JP Morgan Chase, or in T-bills? This is actually the biggest mystery of this whole situation.

I bet there's a lot of people right here at ycombinator that could help Noah with this mystery.
> When one freaks out, remember that at least some of the docile faces and people around them are rooting for them to continue.

And others are rooting for security to remove them as quickly as possible so that they can get to where they’re going without additional delays.
Sometimes I write A->Z.
Winamp, iTunes, Amarok, and Foobar2k.
Gaming Historian https://www.youtube.com/@GamingHistorian
Humans are seemingly absolutely obsessed with technology trying to replace humans and reality

i think the idea is that by trying to replace humans we learn more about what it means to be human.
> In relative terms yes, in absolute terms, they'd be lower.

Not really. The Loan-to-Deposit ratio is usually lower than one so if both double that means that deposits grow more than loans in absolute terms.
From your mouth to god's ears, but this isn't what Tan, Cuban, Sacks, etc. have been asking for. They want a 100% commitment from the government.
None of the mortgage backed securities are particularly risky. This is purely interest rate risk from what I understand, the mortgage debt assets have not meaningfully deviated from their predicted earnings. They just have low interest rates.
So why do there seem to be runs against other banks being encouraged now? It's the induced panic that can do damage... in stampedes or bank runs.
I don't agree. Depositors aren't necessarily at risk of bankruptcy/collapse. Depositors wouldn't be bailed out. Depositors would be made whole.

SIVB is 100% at risk of bankruptcy/collapse. Saving SIVB would be a bailout for sure.
Big enough bank should be more safe as they are too big to be run. Also there is other options to hold safe enough amount of cash.
The earliest Federal Registry is this Federal Reserve Notice, dated March 14, 2014.

"Finally, the Board has determined not to impose enhanced prudential standards on nonbank financial companies supervised by the Board through this final ($50B stress test) rule."

Note the word "non-bank". And pre-dates any 2018 actions.

https://www.govinfo.gov/content/pkg/FR-2014-03-27/html/2014-...
I imagine they were not fans of hers before this incident, but they weren't calling for her to be fired.

I thought it would be valuable to include this link since the original National Review article didn't have much background, and honestly I didn't understand what had happened until reading several other articles about the situation.
The FDIC already exists to make sure checking accounts aren't a pit of snakes for 99% of the population. The entire economy can continue to rely on it just as it always has.

Does this mean that rich people have to be more careful managing gobs of cash? Yes, but that has always been the case. Treasury management is a thing that exists both as a thing people do professionally and as a service you can buy.

I understand that some people are young enough that they have either not heard about bank failures or did not feel like it applied to them due to being in a period that was very good for banks. But they are and they do: https://www.fdic.gov/bank/historical/bank/
If SVB collapsed because of corruption in the federal government, then that just makes a stronger case for federal institutions doing whatever they need to do to make the depositors whole. The solution to failing to protect depositors is not to snuff them out, it's to make things right.
MH-139A Grey Wolf helicopter to guard US nuclear missile silos
> (Beyond the 6x monthly limit on savings)

Hasn't been a thing for three years.
What? You were the one that equated cultural impact with quotable lines. The fact that memability doesn't equal cultural impact is exactly the point I was making.
I actually just opensourced a personal project/tool I've been using often.

https://github.com/robswc/docker-essential-aliases

When deep diving into containers, I got tired of typing/tabbing out container names and docker formatting lol

Nothing revolutionary but it has saved me a ton of combined time.
You're putting much less passengers in the same plane - the extra fuel takes up the space where ~100 passengers would sit if it was done as two flights with a refueling stop.
So you think the government should step in to add regulation to ban fractional reserve banking, and that that would be more capitalist? Your Mises link doesn’t even mention the term.
> Are you implying that traditional filmmakers don't? How is that constructive?

They don’t at anywhere near the same level of choices involved in animation.

That’s just the simple reality of making something that is a simulation. You choose the way light bounces even if it breaks physics. You can’t do that in real world content. You choose silhouettes and shapes that can’t exist in reality.

I’m not saying they don’t make changes. But your statement implied that Animation wasn’t filmmaking. It is. One isn’t better or worse than the other.

And CGI is already indistinguishable, when we give it both the budget and art direction that is required. It’s been indistinguishable for most non-biological things for a decade now. We can already make completely realistic creatures and in some regards, also humans. Humans are hardest to still do but creatures have had that milestone crossed ages ago.

The hurdle is having the time and desire to do so.

I think you are going out of your way to segment things, and place them on a ladder. These are all tools to make content.

Saying that CG is best when augmenting practicals is just reductive. Especially when you keep bringing up Jurassic Park where the CG elements were largely the stars, and practicals filled in the rest. Practical effects, CG in VFX, full on animated features…they’re all tools for a creative. They can all suck or be amazing.

This whole “practical vs CGI” battle is literally just a construct of marketing that people are fed as a form of virtuoso. The people who actually do the work aren’t concerned with this kind of putting one technique on a pedestal over another. They’re all just tools.
> They might as well have taken the money and thrown it into a black hole.

It entirely depends on the circumstances, and those circumstances are extremely important to this discussion. A bank with sufficient liquidity wouldn't have a solvency issue holding these assets - they would exist and be paid out in time, and nobody would no the difference but the bank's accountants.

That is extremely important because it means the money exists - it was not lost. That makes purchasing SVB viable for a bank that can handle the securities' long maturity. That would not be the case if they head actually lost the money.

> That also includes literally any measure that could conceivably increase inflation which is an indirect way of making us all pay for it.

I would encourage you to read about Spain's economy during the late 1500s. Specifically, why they were advertising across Europe to convince Jews to move to Spain - you'll get to learn why the Jewish banker stereotype exists (racism meets fiscal policy meets religious doctrine) and see an interesting example of how a society changes with proto-moderm banking introduced.

In my experience, most proponents of "inflation is theft" propose financial systems that fail to account for critical problems that were addressed in modern finance so long ago that they've been mostly forgotten
Perhaps we ought to stop paying off the hostage-takers and let things follow their natural course.
I like Clickspring - https://youtube.com/@Clickspring

The series for his build of a Anthikythera mechanism is great to watch.
They could have limited withdrawals before it started, but not after. Banks used to offer savings accounts, where the bank could impose a delay on withdrawals. That delay was once 30-60 days, then 7 days, and now it's mostly gone. This allowed small banks time to sell off some assets in the event of a sudden increase in withdrawals. In exchange for that, savings accounts paid higher interest. This was part of the dull and boring banking system designed in the 1930s.

See "Savings and Loan Crisis" for how that ended.[1]

[1] https://en.wikipedia.org/wiki/Savings_and_loan_crisis
The issue is whether checking accounts at chartered banks are “market choices” for which there should be “consequences.” The banking system is so regulated because when we lived in that world, it was a bad time, and collective action to make banks reliable was in everyone’s interest. If we are back to “stupid depositors deserve what they get” then what exactly is bank regulation for?
Tech is a very high risk-high reward; its not so much that low interest rates favor high tech, but rather that high interest rates decimate high tech.
Adam Duff (LucidPixul). He does Art talks - talks about stuff while drawing, but something in the way he speaks and presents his stories clicks with me.

His channel: https://www.youtube.com/@AdamDuffArt

Example video about procrastination: https://www.youtube.com/watch?v=LJlJC6yjLpw

If anyone here knows similar YouTubers - please let me know.
> the value of images of all types is likely to plummet soon if it hasn't already.

The price might, but the marginal value having them or not has to other products which incorporate them likely won’t as much. So, say, if you are a TTRPG publisher, the value of art to your business doesn't change, but the cost of moving farther along the no art -> scattered sketches & tangentially relevant public domain works -> ideal quantity of art, specific to the product, goes down. So, you are, in effect, making money on SD.
If you're a small or medium sized business and you just saw SVB evaporate and depositors take a substantial haircut, why wouldn't you open up an account at JPM on Monday and never again bank at a regional bank of SVB's size?

SVB was undone by a bank run, not because they were doing anything particularly risky. Something like 1/4 or 1/3 of all their deposits tried to exit on Thursday - no bank can survive that given how fractional reserve banking works.
Except the previous owner gets a Snickers bar instead of, say, the cash equivalent of the house.
This is a very strange take. You’re arguing for the consolidation of wealth into a few giants? These giants then in turn will own a significant portion of the economy, will be subject to far less competition, will stagnant any given area based on what they’re willing to invest in or what they’re not (as a service and in the economy), make them extremely capable of owning politicians and setting the directions of the country, and enable few to gain the experience and opportunity that comes with going up the banking ladder because few seats exist.

Local community banks make it far easier for farmers and coffee shops to get loans. Local community banks keep money locally and grow locally. The consolidation of banks is a problem to avoid, not desire.
> Are they? This reads as petty reasoning of someone who refuses to admit they were wrong even though that data screams in their face, and instead try to grab hold of nonexistent data to justify their personal beliefs.

Oh, absolutely. In fact, I am rather confused which of the items in the list are even in question by you. Health issues - does anyone deny that many other health issues were not dealt with over lock-down [eg. our dentist refused to deal with anything not emergency level for over a year], or that elderly were left unattended because of lock down? Mental Heath issues - this has been discussed recently on HN, but it is pretty obvious, IMO. Business effects - China sets a perfect example, but why do you think all these relief bills were set up? Societal effects - also alot on HN, people are interacting less, and it is reflected in multiple ways.

The data is literally in your face on this, though I am always happy to see if there is something I am missing. Do you have links?

> This reads like a rebranding of the whole "Fauci wants to take over as dictator" conspiracy theory.

Wibber, wat? I don't mean Fauci. And hypocrites in politics exists on all sides of the spectrum.

Many are the country and county where the one in charge used lock-downs as a way of getting the subjects be much further under their thumb. China is a great example.

> the people most vulnerable to their propaganda are now disproportionately hit by the disease

Nope. I actually happen to have facts. In one heavily tracked city [Jerusalem], the community that was most lax about lock-downs also had the least deaths per age overall.

Vaccines are a whole other story [my family was vaccinated, and for better or worse, one got sick from it] - not directly related to the article.
Nushell.sh ls | where size > 10mb | sort-by modified
Yes, sometimes people pretend to like something just to be polite, and that can be disappointing. I don’t know if it’s worse than a lack of enthusiasm? I think as a performer you’d rather have polite applause than none at all. But it can be more confusing.

Assuming that’s what they’re doing seems like a bad habit to get into, though. Someone who’s experiencing something for the first time is going to have enthusiasm for things that are old hat to an expert, and in that case cynicism just kills the moment. (See: https://xkcd.com/1053/)

I think you just need to learn to live with ambiguity.
At the end of the day did everyone walk out of the deal knowing they made a boat load of money or were folks wondering if they would be able to offload and hedge the garbage they bought fast enough.
20 hour flights suck a lot, however, I'm not sure if 20h straight is any worse than 2*10h + a few extra hours in an airport.
Is this actually true? Tether has remained pegged at $1 USD since its inception (i.e., stable).

Why all the Tether hate? Is it because a US company doesn't own it, or is there more to it?
> Bang: that bank just became insolvent. Is this actually the model of the world you want?

I'm not sure what the problem is, this model to me actually seems reasonable. The alternative is to claim that "We are solvent as long as our clients keep deposits in our bank and are happy with an interest rate lower than our competitors for 30 years".

In fact the scenario you're describing is basically what happened to SVB except the interest rates increased more.

I guess the main issue is that generally banks do take a risk by borrowing short and lending long, and hope that things work out in the end.
There's a popular internet myth that junk food is cheaper than veggies. Of course it isn't true; junk food is more expensive by weight than anything in the produce aisle, with possible exceptions for exotic imported fruits. How this myth survives people wandering around a grocery store looking at price stickers is beyond my comprehension. A 5lb bag of potatoes costs less than a half pound bag of potato chips.
Capitalism is as capitalism does.
> which is readily reversible by even primitive algorithms.

Not true unless you know beforehand the exact kernel. Besides, there's 0 reason why a camera software be programmed to, or attempt to revert Gaussian blur.

And finally, he downsampled the image, and you can't recover from that.
Consider that some cases of overeating are driven by the dopamine bump food provides. Perhaps you are depressed, or bored, or insecure.

If you are shamed for your body, you feel even worse; you may then eat even more to feel better.
It's all so tiring.
I prefer not using anything than bad ux. I uninstalled the app because the android app ux was bad and i couldn’t tune the recommendation engine. Now autoplay? Good luck if there are no settings for this.
Same applied to fb, insta and similar apps btw.
Stop carrying water for these people. They didn't say "we don't know", they said clearly that masks won't do anything and even advanced explanations for why that was e.g. people touching their face. This meme that scientists are never wrong or deceptive and it's all just the listeners fault needs to die. They lied, they lied a lot and the first step is to acknowledge that.
Diet has been strongly linked to mood, focus, and sleep. Consequently, the hormones Dopamine, Serotonin, Epinephrine, and Norepinephrine all have receptors in the brain as well as the gut and this should not be too surprising because consuming calories, vitamins, and water is fundamental to survival. In fact your gut has 100 million neurons in it, more than a dogs brain. While it’s not “thinking” in the way we know as consciousness, it does make decisions and pull levers to motivate you to do stuff. It should come as no surprise that dumping refined sugar into this system, something we did not evolve to process in its current form, will cause issues.

ADHD is a sort of misnomer, it doesn’t describe a deficit of attention but rather intention. It messes with the wiring of your prefrontal cortex to limit the effectiveness of executive functioning which handicaps your ability to make decisions based on importance (because everything seems just as important) and the brain makes it very unpleasant to start tasks that non stimulating (to the point of withholding dopamine and dumping cortisol into the bloodstream).

There is plenty of ADHD in Africa but you need to find it in the places where non-ADHD brains are rewarded. I suspect that as African nations become more metropolitan and the workforce demands shift to meeting the needs of a city, we will see even more ADHD diagnosis in this part of the world.
Great editorial reference: https://www.holloway.com/g/editorial-style
This is the kicker when it comes to the advertising industry. Advertisers pride themselves on slurping up all the personal information they can get their hands on, telling their customers it will help make their advertisements more effective. But anyone who uses the internet (without an adblocker) can tell just how poorly implemented, targeted, and ineffective those ads often are.
On top of it being incredibly difficult to measure advertising effectiveness.
It very much feels like a whole multibillion dollar industry (which created several megacorporations) is selling a whole load of bullshit, and causing great harm to a lot of people in order to justify it.
These are my observations from playing with this over the weekend.

1. There is no thoughput benefit to running on GPU unless you can fit all the weights in VRAM. Otherwise the moving the weights eats up any benefit you can get from the faster compute.

2. The quantized models do worse than non-quantized smaller models, so currently they aren't worth using for much use cases. My hope is that more sophisticated quantization methods (like GPTQ) will resolve this.

3. Much like using raw GPT-3, you need to put a lot of thought into your prompts. You can really tell it hasn't been 'aligned' or whatever the kids are calling it these days.
If practices like these are widespread, it could explain why some VCs are pushing hard for a government backstop. It would be embarrassing to them if these clauses came to light, and they could arguably be on the hook for damages in lawsuits by shareholders of their portfolio companies.
There is zero political appetite for bailing out depositors in Washington. (Paying depositors with SVB’s assets is not a bail out.) There might be in Sacramento. But the current VC showboating appears aimed at deflecting blame, not actually lobbying.
I don’t have any inside scoop because I’m not in that world any more, so take this purely as my personal opinion, but I wouldn’t be at all surprised if that happens.

A lot of seemingly successful business models are hard to distinguish from the beneficial effect of ultra-low rates and a stable, growing economy[1] so the sudden raising of rates is going to hurt a lot. I also think the full effects are taking a while to filter through into the real economy so I personally don’t think we’ve seen the worst impacts yet. I see a lot of empty office and retail space and know that someone took out a loan to build or buy that building and now don’t have the rental income to pay back that loan. Like I say just one person’s opinion so take it with a pinch of salt.

[1] Hence the famous Buffett quote. https://www.goodreads.com/quotes/43237-it-s-only-when-the-ti...
Artem Andreenko on Twitter reports getting the 7B model running on a 4GB RaspberryPi! One token every ten seconds, but still, wow. https://twitter.com/miolini/status/1634982361757790209
How can you fight fake news with the blockchain?
Is that so? I often get headaches after excercise, that only go away after taking anti-inflammatory drugs like ibuprofen. So I always thought exercise triggers inflammation for me (especially if I go harder than usual).
I know that my anecdote is largely worthless at scale - but I've been with Spotify since high school and there isn't much, if anything, that will get me to leave.

It has my entire life wrapped up in the platform through all of my playlists - but the real value, for me, is still being able to access the profiles and playlists from friends that are no longer here that are preserved forever(.) - our stories are saved in the both the playlist name and songs within it that have never been removed from their catalog.

I, like most everyone else at my school, was only using Pandora (in high school) - but it was not widely loved as it had been steadily going downhill (before 2015); when Spotify was released it, nearly instantly, captured me with the design [1], catalog, and ability to discover adjacently related artists. My 'Daily Mixes' are all very, very good - and I understand that is because I've spent the better part of a decade curating my experience.

UI is whatever at the end of the day - sometimes changes are abrupt, clunky and non-intuitive (looking at you, Reddit Redesign ::middle finger::) but the underlying truth, for me, is that I'm fully adopted to the service - I've 'been there', so to speak:

- I remember in 2014 when '1989' by Taylor Swift was released and her music had not been added to the Spotify catalog; it was a waiting game but it eventually got there

- The 'Spotify Wrapped' was really fun to share with friends - and it still is! It was pretty funny to see 'Reddit Recap', along with other services, follow the format. Plus, I still have access to all of my old 'Wrapped' playlists since 2016.

- They sent me a 'Car Thing' for free, I was able to have Hulu in undergrad, they've sent me some gifts for being a 'superfan' over the years which was fun.

I hear what you're saying about uninstalling apps - the /spotify sub is kind of an echo chamber of complaints - which is okay and is their prerogative - but I just don't feel compelled to participate because I've been with it so long and it has consistently achieved the singular goal of what the service is, and does it very, very well (in my opinion).

[1] https://community.spotify.com/t5/Community-Blog/10-Year-Evol...

(.) of course Spotify will remove those accounts at some point; but I've made my own backups of them so they are "immortalized" for when that day does come eventually.
Absurd finger pointing without any self-reflection. If this represents the thinking of powerful people in silicon valley then I'm glad their world is burning down.
> https://youtu.be/GC-0tCy4P1U

That was a beautiful rant :)
Tom Scott‘s:

https://www.youtube.com/channel/UCBa659QWEk1AI4Tg--mrJ2A