skysight-inc/HackerNews huggingface dataset:
No.

Those are short term liabilities. The ability of depositors to withdraw their funds is part of the liability.

If the bank wanted to raise long term deposits it would have had to pay much higher interest rates.

Once they withdraw the bank can not raise additional funds because all other depositors have better interest rates in other banks.

No amount of time will cure this situation, the values of those bonds will not recover. This is not some temporary panic.

The only way for the situation to improve is if interest rates go down in the short term. Unless that happens, the bank remain insolvent.
Often ICs stay for 2 years in a company, start a project, but aren't happy with org/management/career progression and move to the next company before having to deal with the problems they have created. Eventually other developers who weren't assigned on this project now also need to maintain this project, without having the detailed knowledge of existing mechanisms and prevalent tech debt. Those developers did work on their own project and now need to care about both or even more projects.

The developers are basically invisible to upper management. PMs are the point of contact which translate between higher managment and the devs. Higher management often operates on such a high level, that they are disconnected from reality and work on a abstract level, basically using the inputs of the PMs. The PMs often also were never that technical, instead they realized soon that career progression is only possible in mgmt. This leads to the incentive to spawn new projects a PM can lead.

Eventually there are too many (poorly defined) projects with too few (original) developers. New developers are unhappy since they have to work with legacy code and the devs who are spread over multiple projects and still have some original knowledge, don't have enough time/incentive to properly take care about project development (plus, spent a lot of time in "agile" meetings for each project). Adding no career paths for devs (since the company only focuses on mgmt), this leads again to the starting point, where the ICs leave the company.
Just to add my thanks too. I saw Steve Furber do a presentation about the first ARM CPU in 1986, never thought I’d be typing this on an Arm powered device 37 years later.
Based purely on the amount and timing, it looks pretty typical for him compared to the last 20 years:

https://www.secform4.com/insider-trading/1259867.htm
This is what dams are for.
I should add that you need to manage your energy as well as your time but that will follow naturally from a virtuous cycle of day planning and review.
always increases, check really old stuff.
Well, that's just taking the iss
SVB bought long duration bonds, they could not wait until maturity to get the money back. Keep rolling short duration bonds would be less risky.
> But Amazon didn't delay it

Yes, they did by their choice if provider. Services are end to end, you don’t get to pass off responsibility for things like that.
> turns out USDT were more cautious and diligent with their funds

This refers to facts not in evidence.

The potential collapse of USDC is not a reflection on the Tether fraud in any way. Outcomes in one are not evidence for or against anything in the other and it is a mistake to conflate them.
FDC Willard (Published physicist and house cat)
> A Bank Insolvency Procedure would mean that eligible depositors are paid out by the FSCS as quickly as possible up to the protected limit of £85,000 or up to £170,000 for joint accounts

That was still £85k in the 2008 Financial Crisis.

Why does the Bank of England ignore inflation when it wants?

It makes Crypto safer, if it wasnt for the massive amounts of funny money aka fiat currency thats inflating crypto and then taking it down again!

>If I deposit a dollar in my bank account. Do I legally own that money? Or do I have a legal contract with the bank that they’ll give me back that money?

In the UK, no, the money becomes the property of the bank its been deposited with upto the £85,000 deposit protection scheme which has not gone up since the 2008 financial crisis.

https://www.bankofengland.co.uk/prudential-regulation/author...

Its the same in the US and other countries, the money on deposit is the property of the bank, which is why these central bank/Govt protection schemes exist in various countries.

Europe has the largest banking sector in the world, bigger than the US as its been established for longer.

Whats interesting with SVB is they chose to go in the opposite direction to what some call Basel 4 which others call Basel 3 or Basel 3.1.

Basel 3.1 is an international banking accord which came into force on the 1st Jan 2023, which forces banks to have more money on deposit in an attempt to compensate for the viral nature of the internet and modern day communications.

Todays Banks Runs are examples of the viral nature of the internet, and the US freedom of speech makes the US banking sector more vulnerable than the rest of the world when it comes to banking stability.

Throw in the US mindset typified by Facebook with their slogan "Move fast and break things" and this mindset is exposing and weakening the US banking sector.

Banking should be boring.

It will be interesting to see what big name US tech companies have been affected by SVB besides the lessor known unicorns, but right now I'm shorting the US tech sector in general.

If you are selling property in Silicon Valley and have had an offer, get the contracts signed and deal completed asap, Silicon Valley is going down.
Been there and love the place and likely would end up there if I could.

Incidentally, decades ago when I first went there I instantly fell in love with the Kaikoura Coast—palm trees, the Pacific Ocean and snowcapped mountains in the same scene. I've been to no other place on the planet where that combination ocurrs, NZ has it all.

Question, why then do you mob so frequently go west and end up in the Emerald City? You should know by now it's only a chimera—'emerald' when viewed from a distance.
This seems to be just a support thread with two comments? Was kinda expecting a full bug explanation or something with a bit more substance as to why this is happening beyond 'it's just very odd'.
Who needs to move? I work for companies on the East coast of America, and the Philippines, and I live in NZ.
He did not use the word 'Nazi' at all, he compared the language used to the language of 1930s Germany - a comparison which is justified.

The asylum "issue" is being exaggerated by right-wing media to distract from the many bigger problems that have either been caused by or exacerbated by the Tories mis-management of the UK.

Personally, I think that refugees need to be shown some empathy and kindness. In terms of solving problems, I'd much prefer that the financial crimes were prosecuted more harshly and that tax loopholes were closed.
Lots of people in the US that start companies are well-off, too, and they don't "desperately dream" of escaping their life situation. They just have a very different risk profile, and are happy to risk failing for a better chance at success.
Not nearly the same kind of losses, I don't think. The drop in value of bond-like investments is heavily affected not just by the change in interest rates but also the duration: long duration bonds drop much more heavily because the total amount of interest people now expect over their life is much higher. The interest rates on three-month Treasury bills has barely increased over the last few months (which is obviously the longest they could've been holding any for), and then taking into account the duration and the interest they're receiving they shouldn't be looking at mark-to-market losses at all really.
It's about as fast as chatGPT when chatGPT first launched. Not as fast as the new "Turbo" version of chatGPT, but much faster than you or anyone can read (so I'm not sure the difference matters).
> Deserts are important ecosystem

Are you using "important" to say "have a function beyond being inert matter"? Then sure, but that information is already conveyed by saying "it's an ecosystem", adding that kind of "important" doesn't add information.
If you mean "rank above many other things in a similar category" then I'm skeptical.

The first one isn't helpful in this context because we need to put PV somewhere, we might as well look for a place of less relative importance.
The title isn’t even correct - the problem seems to be entering the letter p, not authenticating if the password has the letter p
What a ain
This must be to prevent users from using "password" as the password (and instead making them use the less likely to be guessed "assword", assuming of course that the attacker doesn't have a HP computer).
This reply is gold but I’d flip the second part of 10 on its head; less really is more.
> people are actually using ChatGPT for their jobs/lives and claim it is valuable to them.

This is true for spreadsheets, word processors, and hydraulic presses.

It does not make them AGIs, or has any bearing to Chomsky's argument (especially since he acknowledged that explicitly).
Well what do you expect from a company whose acronym stands for “Hates P”?
Read the comment from the other user who chimed in with the same issue: it occurs in other obscured password boxes as well, has the problem typing 'p' either with physical keyboard or onscreen keyboard, but accepts 'p' input via copy and paste. If this is really an accurate bug description that is a doozy!
Why not use Semrush?
It has +1mm cash (asset) and +1mm liability to depositor
In the above situation you should be able to refinance. SVB's problem is that it gave out loans it can't quickly recall at very low interest rates and these loans are now worth less than their face value.
I absolutely loathe those condescending corporate fluff responses "Welcome! I understand you're having issue with x, try doing y and z, all the best!"

So much bullshit in one paragraph, why aren't they trained to type like human beings?
I’d be curious to hear why such a cadence (let’s say 15 years) is an acceptable price to pay in your book. Do you think this system leads to such substantive increases in American standard of living that it’s worth giant banks toppling do often?
What's the tokens/s on those?
You have to have liquid dollars in inventory to manage USD redemptions. Banks have to keep 10% of deposits on reserve at the Fed, so $3.3 billion in cash out of $40 billion is actually on the low side.
Wow, massive logic failures on show in replies here.

Necessary but not sufficient. https://www.txst.edu/philosophy/resources/fallacy-definition....

For Arnold to win and get famous, steroids were a necessary (but not sufficient) condition. Arnold can be as wondrous, beautiful, tall, wise and shrewd as possibly imaginable but he doesn't win body building comps without them. From there no toe-hold of fame to get to hollywood and beyond. Same for Dwayne Johnson, no way he's in hollywood if not already famous. Are we sensible enough to mention pro-wrestling's steroid issues without going silly about it? This non-acting fame achievement coming first is not so much true for Judy Dench, Brad Pitt, Meryl Streep or Bruce Willis, for example. No idea of their drug habits or lack thereof but hard to see them as necessary whatever they are or aren't.

Just like Lance Armstrong. Every cyclist you have ever met (and indeed every cyclist you haven't) doesn't win like he did even if they took the same drugs, blood doping and whatever else, with teams of doctors and pharmacologists to make it all world standard. Like his teammates didn't win. Like all the other Tour de France entrants didn't win. Lance doesn't win you've never heard of him. Lance didn't take all those performance enhancing drugs he isn't even hired as a domestique at the Tour - as amazing as his abilities are.

Necessary, but not sufficient. It's a thing really worth knowing whether you venerate Arnold S. or Lance A. or both or neither or not.

Separate to that. Working out your answer for why you think Arnold and Lance should be thought of differently is instructive and I stand by that recommendation.
"things live there" can also be true about gamma-ray sterilized canned food[0]. That doesn't mean it's important to the continued functioning of the ecosphere.
Also, some deserts are more lifeless than others.

[0] https://en.wikipedia.org/wiki/Deinococcus_radiodurans
And the second comment seems to imply it's an issue with password input fields, not wifi in particular
"assfrase" should be more secure.
I think the key point was this line;

>> it should be constantly rewritten

There's nothing wrong with writing good code. Ideally it should be good the first time, not the 3rd or 4th time. If you are writing code in a well architected system, using consistent techniques and styling, then it's not a mess, but it doesn't need to be perfect.Good enough implies good.

To follow your cleaning analogy, there's some cleaning to do regularly (maintainence etc) but you don't raze the building and rebuild every 5 years just because a new kind of brick comes out.
Apparently, Only 2.7% of SVB deposits are less than $250,000.

Meaning, 97.3% aren't FDIC insured.

Source: https://twitter.com/GRDecter/status/1634208652595699713
Actually with redux it is trivial to record, replay, even filter actions.

That's one reason I like redux so much. I expect this functionality from any other state management solutions I encounter. Some others indeed do have this.
You're confused about what's going on here. Only depositors are being bailed out.
This was quite common in communist built cars, in Romania at least. There were very few brands, models and colors available and the keylock patterns had also a very small variety between them, meaning there was always a high chance that some drunk guy at night mistaking another car that was same model and color as his own and his key would also work to unlock and drive it.
Not how it works. How it works is that there are a number of constraints and metrics placed on banks that they need to satisfy and prevent them taking risk. At any time it could be any one of these that is the limiting factor on risk. It may not be a measure of "reserves" that is the constraint.
Nope I said developing world like Central and South America. Lots of tourists places will accept Euros and dollars as long as the bills are not damaged.

Mexico, Costa Rica, Panama, Nicaragua, Belize, and Colombia are places where I’ve done this personally and lots of Europeans were doing the same.

Friends and family in Costa Rica even advised that local currency wasn’t necessary and suggested bringing crisp bills from my bank.
I'll believe it when I see it - that is, the results verified by some 3rd parties. Now it's just a company pitch with some cherry-picked results put up together for a demo.
If you have $5 million why do you need it in demand accounts?

Treasuries (notes, etc) are backed by the full faith and credit of the USG and are available in effectively unlimited amounts.
Also, while USDC is like a deposit, legally it isn't. So they are under no obligation to produce USD in exchange on demand. They can (and have) shut redemptions. So they could just wait 36 days for those treasuries to mature instead of taking even that small 0.4% haircut.
Why? Because corporate boilerplate is quite a lot quicker and requires infinitely less thinking.
See also: Excited delirium

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

I first learned of this story from excellent reporting by The Village Voice many years ago:

https://www.villagevoice.com/2010/05/04/the-nypd-tapes-insid...

Absolutely harrowing.
I only know Cramer from the fun and others meme is been the originator. But that statistics should be taken with caution. Being long equity since 2008 was not really a proof of creating a alpha ( aka adding superior return than the market).
That's the long term low interest rates environment that incentivize W Buffet to make his famous 10 years long sp500 won't be beaten by any HF.
In my country, we have some kind of "popular tribunals" (i.e. tribunals where nobody is a professional outside of the lawyers) for trade disputes (although there are professional tribunals for appeals).

My sample is anecdotal at best, but the single instance in which I ended up in a position to witness a judgement and its rationale, the result was... laughably wrong. It was quickly overruled in appeal by the judges who actually know the law.

So... I'm not optimistic. Perhaps some AI could help, I guess? But that comes with lots of risks, too.
Sure, but this isn't about it being fair or not. This is about a group of professionals making an investment decision that turned out to be wrong. Laymen then saying "let the government eat their 25% loss" based on the (wrong) idea that it isn't a real loss doesn't make sense.

Because then even more people that did not cause this would be paying for it.
My personnal pet peeve is the one where every thread on Microsoft support forum gets answered by a long response telling the person to do a scandisk.

> So much bullshit in one paragraph, why aren't they trained to type like human beings?

I'm pretty sure this is because most of the message is copy pasted and they just have a line here and there where they need to reword the users' issue to pretend its personnal.
Not completely sure about that:

"A risk officer typically anticipates and manages regulatory, operational, competitive or other risks faced by a firm."

That looks like _non-financial_ risks. If that was the role of the CRO at SVB, the risk for this event probably should have been with the CFO?
> The fact that the compiler knows the type doesn't help me understand the code if I have to scroll two screens up to see what it was.

Doesn't your IDE allow you to effortlessly see the type of a variable, either through inline hints, some sort of keyboard shortcut or at the very least, by hovering your mouse over it?

Admittedly I haven't professionally worked in C/C++ since university, but my understanding is that small functions can be (are?) inlined, removing the function call overhead. If that's the case, couldn't you write a 1-line function like "maskMantissa", which would clearly communicate what the code is doing without overhead?
By definition, a system is something comprised of multiple parts that build a whole. Thus systems programming would be combining and architecturing systems out of other parts, making them connect, designing interfaces etc?!
> I have uploaded to archive.org everything I scanned.

Oh, that's kind of awesome. :)

Is the stuff you uploaded in some easy to find list?

Asking because a friend was recently looking for one of the sci-fi art books he had as a child, and we've been looking through Amazon (various countries), Ebay, etc.

Still haven't been able to nail down exactly who the author was, etc. "He'll know it when he sees it" :)
Let me bite here.

I think flying could be made cheaper and massively more convenient by getting rid of airport security the way it is done right now. Imagine planes being boarded like trains: there might be a security tradeoff but it would be offset by the massive time benefit for everyone involved.
I know I would take that risk, I consider my own time to be more worthy than TSA considers it to be
i mostly use Bing on my phone now with mixed results, it cant always tell what you want to know with your question, and you often reask the same questions because your previous Bing instance closed.

bing chat really feels more like an assistant with memory loss. Itll be way more useful when it learns about you over time.
That was still part of the Levine quote. He references [1] in the footnote as an argument for that claim.

[1] https://archive.ph/gmJxU
So, you’ve been arguing for using switch statements, instead of Clean Code’s suggestion of using object-oriented polymorphism, in a context where polymorphism doesn’t exist?
God should be written out of the Constitution.
I didnt realize the UK and Australia were developing countries but I guess post Brexit changed things.
BigTech paying those absurd figures is I think only a thing in the US. In Europe they pay well but no way that much compared to the national (or continental) average.

And if you think the work you're doing there in SF is boring then you need to be aware that most of the boring stuff goes to "low cost regions" usually. For the US that also means Europe, for BigTech especially.
This is a Windows issue and not unique to this case and only relevant like 4-5 years ago.
Am I the only one more shocked and outraged that Tesla's corporate email is bouncing mail saying it's full?

Certainly people shouldn't ever be able to get into somebody else's car, but it's the kind of bug that I can see happening. Your customer being unable to report it as your email is full is ridiculous.

Luckily they can bring the issue up with the dealership...
When I was a teenager I wrote a simple visual basic app to globally detect the letter 'e' and immediately send a [backspace] to whatever application the user was working in.

It was a background app and named something like system32.exe which I installed on my girlfriends computer.

The frustration she endured while trying to write an essay for school was next level. I faked trying to help her :D She eventually resorted to copy and pasting 'e' every time she needed one.

For the record, 18 years later she's my wife so she did eventually see the humor in it.
Some customers get rude if you don't talk to them a certain way.

While I'm not particularly impressed with the response either, especially repeating what the customer said back to them like that somehow makes the customer believe you actually understood the problem, the rest is kind of mandatory to set a professional tone so that emotions don't get involved so quickly.
On another note: The administrative officer of SVB is ex-CFO of Lehman Brothers.

https://www.svbsecurities.com/team/joseph-gentile/
I don't think it is even chicken or egg. I think you have it wrong here

I contend there is no private entity credit that would go near SVB because precisely they realized more losses than they had more depositors, and such credit would have never been secured at the top of the pile with the FDIC lurking nearby.

No credit facility would save a doomed bank after the realized losses. It was a matter of time.

The panic was not the cause. The panic was always going to happen. A public company would have never been able to do a firesale/equity raise without inducing a panic in the first place.
no, the font does have a very subtle shadow. you can see it better when you highlight the text, at least on FF on linux
What developing countries are in the EU?
Good point. Australia isn't, but yeah Brexit has kind of set the direction for the UK. ;)
>How much would a PC that can do that currently cost me and can I have it by tomorrow?

At the moment, seems like Apple has an edge here. On PC for single GPU you need an NVIDIA A40, which used prices for is about $2500, and not at retail stores.

If you don't mind having two GPUs then two $800 3090 GPUs works, but that's a workstation build you'll have to order from Puget or something. That's probably faster than Apple.

My gut instinct is that there's some low hanging fruit here and in the next couple weeks 64B Llama will run comparably or faster on any PC with a single 4090/3090 and 64 or 128 GB of system memory. But probably not any PC laptops that aren't 17 inch beasts, Apple will keep that advantage.
>Not like you could do anything about it, seeing as the monarch took the guns!

This is silly. Canada is free to legislate however it wants on gun ownership. King Charles has nothing to do with it.