skysight-inc/HackerNews huggingface dataset:
What’s the substantive difference between the people in this industry who got fucked and the startups and their employees who might get fucked next week that makes you (or the SV online community at least) care about one and not the other.
This is self-interested scaremongering.

The public does not owe a bailout to depositors who made bad loans to banks. Regardless of whether they thought it was a loan or not.

Bank runs are adequately avoided with a lot of the existing safeguards.

Converting to a system where private deposit insurance for large accounts is normalized is the fair approach. And that won't happen if people think their losses will be socialized anyways.

The uninsured depositors didn't bear any costs, direct or indirect, for insurance.

So being gifted insurance is a bailout.

If we are going to be giving gifts, let's give it to people who actually need it.

People with more than $250K in liquid deposit accounts are not in that category.
> I don't know how the financials would work

Therein lies the rub. There is not enough of you who would pay for such a flyer. So your local guy asks the businesses to help him out with the print and mailing costs and says in return I'll print your business' name in bold. At that point arguably we crossed the threshold into advertising.
Do they even define startup? The 2-year old neighborhood pizzeria is a startup.
But not increasing it as fast as the loans increase.
Yeah, it's MUCH harder to use because of the lack of tuning.

You have to lean on much older prompt engineering tricks - there are a few initial tips in the LLaMA FAQ here: https://github.com/facebookresearch/llama/blob/main/FAQ.md#2...
> According to the press release, SVB had $206B in assets and $176B in deposits.

Those numbers are from December 2022. They had $161B in deposits prior to Thursday's $42B in withdrawals. And that $206B figure is somewhat fictional hold-to-maturity accounting. The $80B in 1.5% bonds aren't actually worth $80B at market prices.

They were shut down for being insolvent on Thursday ($950M in the hole). It's not just a liquidity problem.
I think you can feel and show emotion and still be very in control of your words and actions. Certainly looked like the administrator was acting very intentionally and in accordance with their values.
I used plausible and it was great. Then I found Beam analytics, which is a copycat with a better free plan.
I switched in no time to Beam Analytics now.

I would be more worried about copycats. When you share your success, other developers want to have it too.

Even if you believe you are for the long run you lose money in the short term because of your ego.
But not increasing it as fast as the loans increase, hence, fractional reserve.
Not exactly taxpayer funded: https://www.fdic.gov/resources/deposit-insurance/deposit-ins...

> The DIF is funded mainly through quarterly assessments on insured banks. A bank's assessment is calculated by multiplying its assessment rate by its assessment base. A bank's assessment base and assessment rate are determined and paid each quarter.
Instead of paying with cash, couldn't they pay using shares of SVB ?
SVB becomes Silicon Valley Bank, a bank for startups, owned by startups.
Yet Thiel took no action until Thursday.

Find me a potential scenario and I'll find a random newsletter or tweet thread predicting it.

Things like this remind me of the hindsight lens of many conspiracy theorists ("We're wrong 99/100 but look at this one we got right") or even people (mostly playfully) saying things like "The Simpsons predicted 9/11".

To say that the average startup founder/team should have taken action based on a random newsletter or tweet thread predicting this (storied 40 year old bank failing) in January is pretty absurd.
Actually according to studies BMI underestimates body fat. And by a substantial margin too. About 40% of people classes as not obese by BMI are actually obese.

Very few in the other direction; this study doesn't mention them

>Mean BMI was 27.3 (SD = 5.9) and mean percent body fat was 31.3% (SD = 9.3). BMI characterized 26% of the subjects as obese, while DXA indicated that 64% of them were obese. 39% of the subjects were classified as non-obese by BMI, but were found to be obese by DXA. BMI misclassified 25% men and 48% women. Meanwhile, a strong relationship was demonstrated between increased leptin and increased body fat.

https://journals.plos.org/plosone/article?id=10.1371/journal...
> couldn't care less about you as a person

Precisely. They care about my credit card number and enough of identifying details to impersonate me to the credit company...
I second your point and add: what's at stake here is not just SVB's customers, but the reputation of the entire US Banking system.

The shareholders should lose all of their investment, that is a no-brainer, but the depositors should not lose 1 penny, and their funds be available on Monday morning.

Here's an overlooked deadline: 6:00 PM EST, that is when Sydney (Australia)'s stock market opens. If that opens a lot lower, it will be the start of a free-fall cascade of stock markets worldwide.

So, we have less than 5 hours as of this writing for an official FDIC/Federal Reserve statement.

Wait for it.
I was not able to find any filings indicating what fraction of FRB's depositors and deposits are or are not insured. Do you happen to know where to find those?
Which groups are working to reduce the impact of $ on laws?

One I've seen is https://represent.us, who else?
It doesn't even need AI to be problematic. Pinch-zoom has no business being used in the courtroom as it inherently can introduce issues. However, a fixed integer ratio blowup of the image shouldn't be problematic. (2:1 is fine. 1.9:1 inherently can't guarantee it doesn't introduce artifacts.)
> And follow the financial results of all of those banks in order to find signs of weakness?

Well no, if all your deposits are below the 250k fully insured limit, then you don't have to worry about the banks collapsing.
If I split between SVB and FRB, have I reduced my exposure by half? I agree with GP that using a too-big-to-fail bank seems to be the more practical option.
Why Is a Day Job Seen as the Mark of an Artist’s Failure?
So if the SVB had been running a Ponzi scheme. Would you still say this? Even if the depositors had been earning unrealistic gains on their deposits? As that is where making everyone whole will eventually lead.
> When you deposit money with a bank (in the United States in 2023), you basically never consider the possibility that you might not get it all back.

This is an assumption which desperately needs to change, in my opinion, otherwise the risk of bank runs will be a think ad infinitum.
>All to chase a couple extra basis points (1/100 of a percent) of yield to increase the bank's profits.

Source? My understanding is that they fucked up by buying long dated bonds/MBS rather than short dated ones. Surely the difference between a 5 year treasury and a 1 year treasury would surely be bigger than 1 basis points?
One thing to remember about your last point is that the startups and VC’s that DIDN’T cause the bank run are the ones that will be hurt by this. So if anyone is in here thinking “they shouldn’t have tried to withdraw their money, thereby creating a bank run, if they didn’t want to lose their money!” You have to realize that there two separate groups of people here: the ones that withdrew their money and caused the bank run, and the other ones that didn’t cause the bank run and lost their money.

That said, I don’t blame anybody for causing the bank run. If I had a reason to believe that my personal bank might not be able to give me my money if I didn’t get it out right now, there is zero chance that I would leave my money there to vanish just to avoid causing a bank run for other people. Morals break down when my life savings and livelihood are on the line.
The way to prevent bank runs is to prevent banks from becoming insolvent in the first place. Making it illegal to take funds out of an insolvent bank is not the answer.
The entire article is about the process of completely adapting the buildings so that they can be used for apartments.
I believe nobody is confusing Arnold or Hulk Hogan as obese.
https://archive.ph/n0162
Every bank exec is a fat cat to some extent. People and businesses need banks no matter what, and they shouldn't be required to do exhaustive due diligence on every bank. This is the whole purpose of regulation; everyone benefits from oversight.
How much of a haircut do the assets take during the process. I’m assuming nobody is paying market rate so how much under is the bid? Like 80% or like 30-40%
There is a hazard, but it's low:

(1) small depositors, in general, aren't in a very good position to evaluate the risk of a bank very well. So they won't be exerting much positive force on banks anyway.

(2) even if they could evaluate risk well they still wouldn't exert much pressure because that requires an organizing force (even if the aggregate amount of deposits is high)

(3) Understand that the FDIC is a nation-wide program and that the funds the FDIC pays out do not come from tax payers. They come from premiums paid by member banks. Banks get the money for the premiums by reducing the terms they offer depositors. That is, the banks directly, and depositors indirectly pay for the risk taken on by the banks directly and the depositors indirectly.
This breaks down at higher dollar amounts though because banks and depositors aren't really uniform, but at lower levels of money it's a good approximation. At higher levels of money, depositors and banks will apply increasingly sophisiticated measures to shift reward toward themselves and risk away. That is, they will find ways to work the system. At some level the insurance program becomes a way for more sophisticated players to profit less sophisticated players. A cap of $250K puts everyone at approximately the same level of sophistication and makes it harder to run some con at scale.

BTW, insurance for amounts higher than $250K is available. It's not that popular, though, because it's expensive. It's expensive, of course, because of the risk.
> If your payroll is $1M every month then it may not really be practical to split deposits across many accounts.

Why not? That's only four accounts' worth of full protection.
Myths About FDIC Insurance
The company is unlikely to lose all but $250,000 as SVB (reportedly)still has plenty of assets it’s just some of the bonds they hold are under water due to interest rate rises

You should question why $5mn was kept in a normal bank (with an unusual customer profile) rather than being placed in money market funds etc., or why the company didn’t insure the funds above $250,000
> Idk what else they can get out of this

Mining for extremist attitudes or behaviors
The parent comment was fine, it just sounds like you're upset about what they said rather than how they said it.
Only certain times and places, just as apparently Stanford’s rules only require decorum in certain times and places. An inability or unwillingness to abide by those restrictions is useful evidence for likely future behavior and should be considered by character and fitness committees.
I agree with your specific example as well.

I think the demographics are changing, more so in higher visibility articles, but generally too.

I think the best part about HN has always been the comments discipline. People generally only respond when they have some knowledge (not just “I watched a YouTube video).

That has faded sadly.
The challenge is what is the closest hack to get around it, as most people, admittedly myself included, are not willing to exercise? Semaglutide seems to be the best bet right now.
Punctuation matters in publishing. In comments however, errors become style.
Who would you cast for what roles?
Remove "and Python 3.11" from title. Python used only for converting model to llama.cpp project format, 3.10 or whatever is fine.

Additionally, llama.cpp works fine with 10 y.o hardware that supports AVX2.

I'm running llama.cpp right now on an ancient Intel i5 2013 MacBook with only 2 cores and 8 GB RAM - 7B 4bit model loads in 8 seconds to 4.2 GB RAM and gives 600 ms per token.

btw: anyone knows how to disable swap per process in macOS ? even though there is enough free RAM, sometimes macOS decides to use swap instead.
As a long-time tech person and someone who has started multiple companies, including one venture-backed one, I'm happy to explain why I think uninsured depositholders should not have their losses subsidized by taxpayers.

One, anybody with a bank account has heard about the FDIC and the FDIC insurance limits. Presumably anybody smart enough to raise millions of dollars know that if part of something is insured, the rest is uninsured. There are in fact good systemic reasons both for the FDIC to exist and for the limit to be high for individuals but low for companies.

Two, the tech industry, especially the VC-funded end, is forever crowing about the power of the marketplace. How regulation stifles valuable innovation. How government intervention is a problem, not a solution.

Three, among startups, market-driven disruption is practically a religion. Startups destroy existing companies all the time. Quite often it's an explicit goal, where startup X lists existing players A and B as companies whose lunches will get eaten because they are making bad choices.

Four, there has been endless puffery and chest-thumping among VCs and tech startups how their genius justifies pocketing billions and billions of dollars when times are good. Best and brightest, incredibly hard workers, blah blah blah. Including a special tax exemption for VCs, because they're just such amazing financial wizards.

Five, startup go under all the time. Which, having experienced it, definitely sucks. But when a startup goes under due to bad choices or bad luck, that's the game.

So when I put this together, I firmly believe that startups with bad treasury management should not be subsidized by taxpayers. If we're so smart and amazing that we get to reshape segments of the economy, we're smart enough to follow basic financial advice like "don't put all your eggs in one basket". If we choose to play the game that might make us rich, we should not suddenly complain about the rules when we lose.

In practice, the likely outcome here is that depositors either take no haircut or a modest one. Anybody going out of business because of that was already on the edge. And that will be partly because their investors will not see them as worthy of a bridge loan or an accelerated next round.

Which, again, sucks for the people involved. But it's not a problem for taxpayers to solve. If we're going to spend billions of dollars on improving the safety net, I think startups are way, way down the list of priorities.
> Like a whole lot of people here, I've worked at startups for my whole career. People here are effectively suggesting that I shouldn't get my paycheck and that the company I work for should lose most of its money because our CEO used a well-reputed bank?

Cynicism reigns supreme on social media right now, and HN comments are a type of social media.

There is also a deeply engrained “us versus them” mentality baked into a lot of the anger. The SVB scenario has more people identifying the “us” part as taxpayers (who would presumably foot the bill for backstopping losses) and the “them” part as VCs and investors.

Interestingly, if this was rephrased as an “Ask HN” post where someone was concerned about their next paycheck because their startup’s bank failed, I suspect the sentiment would be completely reversed. The more relatable the story, the kinder the comments.
>Whoever is buying it is doing so to get the customer list.

Not a bank or in the financial sector, but this makes no sense to me. It is likely fairly easy to get the list of VCs who used SVB. If nothing else, startup businesses which SVB catered to are significantly less appealing than they were one to two years ago. What fraction of those clients required low interest rates to keep the business viable?
I was thinking more about legal consequences. Could I realistically be forced to undergo skin grafts. Legally - at least in my country - medical procedures without consent require the patient to be a danger to themselves or others, or it has to be an emergency. And even if the court said yes, would any medical professionals agree to do it? I kinda doubt it.

Would be an interesting court case though.
Ahh, the schadenfreude. I'm rubbing my hands together in glee at the thought of these parasites getting what's coming to them.
When you show me a true Scotsman. (I was attempting to make a wry joke.)
Oh that's cool.

On a separate note I never understood why NVIDIA was always so stingy on RAM.

Give us a GPU with 256GB of RAM already. It doesn't need to be that fast, it just needs to be big enough to hold a huge model.

Instead they're still selling RTX4090Ti with 24GB of RAM while the free GPU I got from them at a raffle a few years ago has 32GB. WTF? I would have expected the RTX4090Ti to have 64GB minimum, being the highest-end consumer GPU.
Have a look at the BL808 chip, on the sipeed M1s board. (https://www.aliexpress.com/item/1005004970779483.html)

I've never seen an MCU with access to 64mb RAM - makes for a great target chip for a simple computer. (https://btashton.github.io/bl808-notes/soc/memory_layout.htm...)

There are 5 processors on the chip, which you can optionally use as required:
NPU (neural processing unit https://github.com/sipeed/TinyMaix/blob/main/benchmark.md)
H264 video codec
RV64 application processor capable of running linux
RV32 radio processor for the 3 radio protocols it supports - wifi/BT/zigbee
RV32E low power core to manage the chip

The radio and application cores should run fast enough to be able to bitbang digital video signals, there is 32K VRAM which I guess might be used for the bundled touchscreen display.
Because shares in an entity that owes more than it owns are worth zero.
> provide a platform or legitimacy

The dumber the stance, the easier it is to demonstrate it as such.

The people behind "deplatforming" are merely trying to protect their own dumb stances from intellectual scrutiny. Remember the church and e pur si muove? Same exact thing.
Sure. As far as I‘m aware the Gedankenstrich is usually set as en-dash with spaces in German, though [1].

1: https://de.wikipedia.org/wiki/Halbgeviertstrich#Gedankenstri...
In fact BMI actually underestimates obesity for most of the population.

> BMI characterized 26% of the subjects as obese, while DXA indicated that 64% of them were obese. 39% of the subjects were classified as non-obese by BMI, but were found to be obese by DXA.

https://journals.plos.org/plosone/article?id=10.1371/journal...

Discussed earlier this month: https://news.ycombinator.com/item?id=34854496
True enough, but even subcutaneous fat is not benign.

Sumo wrestlers have extremely low visceral fat and extremely high muscle mass. But a good margin of subcutaneous fat. They have a markedly lower life expectancy than other elite athletes and than other Japanese men.
Apparently a 'hacker' used 'social engineering' to pull this off. All they did was know how to spreadsheet.

So I guess I should just add 'knows speadsheets' to my resume instead of studying and sitting for yet another overpriced exam. Today I learned.
My apologies @Const-me, are you referring to the module "convert-pth-to-ggml.py" in that repo? That appears to be the only Python in there.
Whoah! I knew Merit network was an early leader in educational computing access, and I've been in some of the former-mainframe rooms at MSU, but had no idea what was going on at UMich.
How many businesses have less than 250k though? I’m surprised that the insured limit isn’t higher for businesses. Depositing your money in a bank doesn’t feel like it should be a risk/reward decision, like investing in the stock market
The difference is that if a bank is solvent but illiquid, you can find a buyer to assume the deposits and the depositors will have access to all their money ASAP. If they bank is both insolvent and illiquid, then there's no way that could happen. Either the depositors have to take a haircut, or the government has to bail them out. I agree that both cases would cause a crisis that might cause a company to miss payroll, but the latter case is obviously worse than the former. The best analogy I can think of is having your server explode and having a backup, and having your server explode and not having a backup. Sure, both cases will result in downtime, but the former is obviously preferable to the latter, and it's not exactly "a distinction without a difference for pretty much everyone except [computer] nerds".
Except, I didn't write I hadn't seen them. "I've never seen them in business or personal writing".

We can discuss that I chose the word "seen", when I meant "noticed", but there is no doubt that I didn't write what you intimated. I have seen the dashes in formal writing and in newspapers.

A too-hurried reading is worse than not reading at all.
Although I wouldn't 'blame' startups that are having issues due to the bank run, They could have been in a better position if they understood that deposits are only insured up to 250k. If they had multiple accounts, their insurance would have been better and would also sustain less risk if any bank had permanent or temporary liquidity issues.
The "unlikely to increase in size or scope" is the big one. It basically eliminates almost all uses of shell scripts (as it should).

I would add a 4th condition: you aren't going to share the script with anyone else (including CI) - it's going to stay strictly on your computer and nobody else will ever read it.
> there are plenty of people who have "healthy obesity", on account of muscle mass.

There are _very few_ people who have a BMI over 30 purely by having an extreme amount of muscle mass and most of them are on steroids. Also, there are weight related issues for which it is irrelevant whether the extra weight is fat or muscle mass.
I've been seeing a lot of people talking about running language models locally, but I'm not quite sure what the benefit is. Other than for novelty or learning purposes, is there any reason why someone would prefer to use an inferior language model on their own machine instead of leveraging the power and efficiency of cloud-based models?
I will answer and you can answer this question:

Why is the government involved beyond that limit in this case? Could it be they want to give the average person peace of mind while retaining the flexibility to handle a restructuring however they deem best?
I think everyone running LLaMA on "cheap" Macs are using this: https://news.ycombinator.com/item?id=35100086

I've had success running the 7B model on a 16GB M1 Mac Mini (purchased in 2020!). I didn't bother to try but pretty sure the 13B model works as well.

I suspect you could grab one of those for less than $1000 these days.
Why believe anything msnbc/cnn says? Russia, Covid origin, vaccines, etc.

You should decide for yourself what to believe in than anything said on left and right leaning channels.
These days though, that could be solved with things resembling bittorrent for websites etcetera though.

I think some fairly complete solutions already exist in the video space, like peertube.
SIVB's issues were outlined far before that Twitter analysis https://seekingalpha.com/article/4565388-svb-financial-blow-...

Dec. 2022:

"Unfortunately, the flipside of the tech bubble is fairly ugly for the company with added pressure coming from higher operating costs, higher costs of deposits, and unrealized losses in its htm (hold to maturity) fixed income portfolio. Both these htm losses and potential losses from the loan portfolio could wipe out book equity value."