skysight-inc/HackerNews huggingface dataset:
There should be debuggers for interpreted dynamic languages that can be scripted with strict type systems. Possibly like eg prolog; like if I have Python code that has a Person class defined in it, I could just check for invariant violations with the debugger, eg check self.parent != self.child and whatnot. Then if I come up with a nice check while debugging I should be able to save that as a unit test for the project straight from the debugger, etc.
It's a minimum of 85% uninsured from a recent regulatory filing: https://time.com/6262009/silicon-valley-bank-deposit-insuran...

The equally bad part is that lines of credit that startups were drawing from are wiped out.
It seems like you can by using the PIV applet found in yubikeys:

https://www.procustodibus.com/blog/2023/02/wireguard-yubikey...

You can read more about the type of cryptography that wireguard uses here:

https://www.wireguard.com/protocol/
Oh come on.

Comparing truck and ship horns with closed circuits for 22 hours or more a day to "music from a summer festival" might not be the MOST disingenuous comparison I've heard, but it's pretty close, if not.
Same with startups. If you are an investor and not that company’s first call, then one of two things happen: email saying not exposed, or silence as they work through things.
93% of the account holdings were uninsured. Many startups burn more than the FDIC’s $250K limit in two weeks. That’s equivalent to having 50 employees making $125K each, and zero other expenses. I’m guessing anyone with more than 20-30 employees is staring down missed payrolls.
> I’ve seen solar installations in India overgrown with vegetation.

I wonder what the institutional setup behind that is. Whoever gets power from the solar installation has a clear incentive to keep them from being overgrown, so I assume there must be some horrible corrupt principle-agent conflict style stuff going on in the background. (Very typical of India, alas.)
Yeah... Definitely not correct and pretty misleading in it's incorrectness. Also that font is a bit nightmarish. .
Don't get me wrong, it's really decent overall but that variable as a container is the first thing you see and that font is awful.
It would be cool to see photovoltaic's manufactured into shade spheres like these things:

https://youtu.be/mEmwJzQjwyw

Maybe they could combat algae blooms at the same time too
bitcoin's main utility seems to be using an utterly absurd amount of joules per transaction.
im sorry, im just repeating what was said. i dont know it. i misunderstood that item to be a fact
Peter Thiel’s Founders Fund, Coatue Management, Union Square Ventures, Founder Collective, YC, and I’m sure many more.
While I agree with most of your comment, I don’t think the application of emergency necessarily contradicts fundamental rights.

For example, a truck may be allowed to park on a road for a while. They are allowed to honk occasionally as needed while driving. This is completely legal. However, that doesn’t mean they have a fundamental right to park private objects in public space and disturb the peace by honking unnecessarily for extended periods of time.

Laws allow people to do a lot more than just what fundamental rights allow. Often those laws will never consider scenarios that are not fundamental rights but are possibly hurting the fundamental rights of others, and then for practical reasons, an emergency would be the only way to resolve the situation in a reasonable amount of time.

If the emergency was abused to suspend fundamental rights that can be opposed in courts and at the ballot box. Emergencies don’t give the government carte blanche to abuse citizens’ rights. They give government a reprieve to act quickly, and let the legal system get involved later.

In most jurisdictions (I don’t know if this is true in Canada, but it’s certainly true in the US, where courts required governments to overturn emergency laws during the pandemic), people can still petition the courts that their rights were suspended illegally.

Emergency laws don’t eliminate rights. They suspend them and courts absolutely have the ability (at least in the US) to get involved and penalize the government if it finds the suspension of rights are unwarranted.

I don’t believe any Canadian court has found that to be the case in the truckers blockade, which probably reflects that fundamental rights were not suppressed.
>How can we fix this problem?

You're being called upon to fix "stupid".
HN has a dark mode?
That's a very prescient thought. But isn't there a fiduciary duty that is legally mandated to disclose in times like this?
> Unless the loans are forgiven, in addition to making the depositors whole, SVB will still take a whole bunch of startups down with it.

This is fine. Healthy even. There are risks inherent with investing whether that’s a startup or otherwise and so letting them fail leads to better, safer, and more innovative business models that don’t rely on low interest rates and excess cash.

Ultimately SVB isn’t contagion because SVB unlike many other banks was heavily reliant on investments and securities that were highly exposed to interest rate increases. Shit happens. Businesses including banks and startups fail. World keeps spinning. Any argument for bailing out investors here is an equal argument for bailing out homeowners or any other person who was affected by high interest rates for any reason.
Excellent illustration. Thank you.
Incorrect. In fact, you can use React as the 'V' in MVC. That's how it was orignally designed. See here: https://github.com/facebook/react/tree/015833e5942ce55cf31ae...

I am done with this thread.
Roughly, ten plus year old asus is what I go after.
Anecdotally, I realized I was doing something like this when I was having trouble understanding people speaking in a noisy room, in a language I’m not so proficient in.

As you listen to someone, your brain is constantly matching the sounds arriving at your ears with a prediction of what the next few words might be. Listening in a non-native language, my predictions about what comes next aren’t very well tuned at all, so if I can’t hear every word clearly then I can easily get lost.

Another signpost: sometimes you mishear someone — “oh, I thought you said xyz” — but the thing you thought you heard them say is never gibberish, it’s a grammatically and contextually valid way to complete the sentence.
Yep, it's the Prisoner's Dilemma. The rational decision for the collective is different from the rational decision for the individual.
I like the graph idea, but I might be missing some of what your saying... Although I think that it should be more than just people as nodes. Anything that can participate in the economy via signing contracts woukd be my first approximation. So, businesses, cities/states/nations, etc...

Also, I think it's reasonable for individuals to inherit edge weights from their governments, as a way to model taxes, national debt, etc.
This post claims that the answer to "why white" is because of the beneficial effects it has on the disposition of the writer. But that's hardly a reason to write, that's just a helpful side effect. The reason to write is that you have something to say, and you want others to hear it.
I'd really like to know where people are withdrawing their money from these banks to. They're not taking suitcases of cash, so it must be flowing to some other financial institutions. Is it going to traditional big banks (BofA, Wells, Chase, etc.)?
>An employee spinning their wheels getting nowhere for a month

I get aggravated when juniors ask me questions right off the bat without researching. It's because they are lazy and want a quick answer and of course submitting to this just leads to more questions more often, which leads to me getting less work done.

This is also bad for them because they don't learn how to figure it out for themselves through google / code research / debugging / etc. Learning how to learn is the essence of growing in the field. I've been dumped into codebases I didn't know before with little to no help, and it sucks; but you certainly learn how to learn.

I think spinning your wheels for a month is the opposite of that. If it takes someone a month to not figure something out, that would be a red flag for me.
> doing so was listed as a covenant of their debt!

why??
The assets they were holding do regularly trade and could easily be valued. They knew that the value was down. The problem was they didn't actually have to do anything about it.
I mostly agree. As an aside, growing maize for ethanol in the US is only really viable because of subsidies and tariffs. Otherwise, Brazilian ethanol would be cheaper.
We're talking about a 1-2 working day delay, depending on recipient bank. You wouldn't bat an eyelid if it weren't already in the news, I've certainly had pay delayed or incorrect longer, for non-big-news reasons.

The title is perhaps yes strictly speaking accurate, but it's still clickbait, it deliberately implies trouble pouring on an already flaming fire, when actually this sounds like an extremely minor symptom - some ash in the hair of the stoker.
One of the YC partners tweeted it
I don't know how terminfo works, but if possible turning off colors in xterm should change the terminfo to say it doesn't support colors. If that is possible, I would consider that a bug in xterm.
I’ve read some comments that BingGPT isn’t that great, because they effectively neutered it too much. I’ve been using it for a couple weeks though and have been really impressed. I’d say I do at most 50% as much searching as I used to. I will predict that the anti-llm crowd will be on the wrong side of history. At a minimum, I don’t see how this won’t massively disrupt search. I think the capability is already there, and it will only get better. And on a side note, I’ve found bing search is way better than I realized. Not google, but just as good for 95% of my searches. Kinda shocked. Microsoft has won me over to bing!
The 2-day shutdown is hence critical for the functioning of the financial system. Same for reporting earnings afterhours. Those calling for 24/7 trading are aloof of how entrenched systems need change management
Yeah, I would not have done it. You always go short maturity at low rates.

Unless you are borrowing, then the opposite.

Depositors weren’t getting anything. I’m guessing SVB wanted yield for shareholders.
I would assume they attempt to monitor any communications to someone like Putin. It's not about Tucker. Why assume any communications to Russia are secure?
In the past, the FDIC has always made depositors whole. If that changes, then many, many people will start moving money around to compensate.
I think there is a little more to it. I don’t know about SVB but Deutsche Bank had a solid business doing pretty unexciting banking. Then the CEO got a big ego and pushed for larger returns which made them do more risky stuff and eventually fail. So it’s basically a big ego or just plain greed
"has to delay payouts" -> "the only delay is because"

so there are in fact delayed payouts.
If a bank is noticing they are getting more deposits then they can safely make returns for (like SVB in 2020), can banks "simply" return deposits to customers and/or decline new customers/deposits? Is there a precedent to doing this? Or does everyone decide it's better to take risky bets to grow with the increasing deposits and we'll keep seeing runs when those bets go south?
Ask HN: Select Article from HN where title contains “searchTerm” and upvotes > x
I am looking for an article. I remember it had a specific word in the title and a good number of upvotes and comments, but I cannot find it. HN search returns more than 10.000 results.

I should be able to find it if I could filter out articles with less than x comments or less than x upvotes.

Has anyone made such a tool?
The longer-than-A4 option is intriguing. I’m wondering if a print shop would be able to cut off the top binding and change it to a glue edge along one of the long sides?
I used brave browser and that overlay is hidden. Give it a try once, its a beautiful browser with ad blockers and what not.
> The Fed has shareholders, pays dividends, and are partially owned by the biggest banks.

Those statements might technically be true, but the implied conclusion (ie. that the fed is beholden to banks because of its ownership structure) is not. The federal government essentially controls the fed because the president appoints all the board members, and nearly all of its profits are paid to the treasury.

>The federal government sets the salaries of the board's seven governors, and it receives all the system's annual profits, after dividends on member banks' capital investments are paid, and an account surplus is maintained. In 2015, the Federal Reserve earned a net income of $100.2 billion and transferred $97.7 billion to the U.S. Treasury,[22] and 2020 earnings were approximately $88.6 billion with remittances to the U.S. Treasury of $86.9 billion.[23]

https://en.wikipedia.org/wiki/Federal_Reserve
I'd rather have a bank do that, than go and invest in subprime packaged mortgage loans. Except SVB got punished for investing in long-term maturation US Treasury
OMG. If anyone wants to fund it I could build a far better Tree language to replace this XML junk that they are using.
The 7b model specifically is not quite "ChatGPT-level" though, is it?
I think you seriously misunderstand the complexity of something like the 17th largest US bank along with its 8500 employees and global offices vs a code base. And if you're right, maybe they did know about the risk and were actively working on reducing it.
Counterpoint: This WSJ Article [1] and their latest 10Ks confirm that:

- Their actual assets market-to-market (sold on the fair market) is about $26 bln less than the amount they're carried at on their books. This is as of year end 2022, probably more today.

- This would wipe out all their equity, loans, and start hitting depositors.

- If there was a bank run, First Republic probably would not be able to meet all depositors.

- First Republic in some ways is in worse shape that SVB. SVB had all their assets in medium duration (10 year) treasuries. First Republic has a lot more 30 year mortgages they gave people at ultra low 2% interest rates. Today 30 year mortgages are 6%, which means if they tried to resell these loans they'd get more than 50% off.

- Personally, I know of at least a couple of HNWIs who pulled funds other than $250K today. Who can blame them -- what's the upside if you have more than $250K in? First Republic relies on wealthy deposits, and these are not insured.

[1] https://archive.is/QuOSD#selection-335.147-335.315
We're in a semi-fraudulent housing bubble now. Well, maybe not fraudulent, but unethical, and similar to what was going on in the '00s.

Big banks are holding onto large, mostly unoccupied housing developments to create artificial scarcity and drive the prices up. Then they're selling with huge loans to buyers that are going to see value plummet and be unable to pay anything back.
If people don’t get their access to their cash by Monday (or a week later at latest), then any rumor of liquidity issues at any bank will lead to a bank run. Once you know / experience it, bank runs feel like a legit thing to do.
Note they have only done this to contain fallout in their own stock. Banks usually reserve this information as competitive Intel.
Regardless of the correctness or legality of the advice, it's a bit odd to wade in and give it at all isn't it? Why not steer well clear? Seem friendly/helpful and buy goodwill I suppose?
It’s misleading at least. At best this means _some_ payouts are delayed, but definitely still coming. Given the rest of the news today that’s practically a non-issue.
The cynic in me says they're participating to shun the US and give more clout to China, not because they're interested in an agreement. That said I really hope the talks are productive.
On Reddit they call this phenomenon beetlejuicing. (Subreddit, Know Your Meme, Urban Dictionary)
Uhhh, are they next?

Their balance sheets says $17B assets more than liabilities, but $120B of those assets are in consumer loans and only $4B in cash... What kind of liquidity is that? $42B was just pulled from SVB. What are these banks doing?

https://www.cnbc.com/quotes/FRC?tab=financials
https://archive.vn/o5ClM

It's a short note. Full text:

March 10 (Reuters) - The chief executive officer of failed Silicon Valley Bank, Greg Becker, is no longer on the board of directors at the Federal Reserve Bank of San Francisco, a spokesperson for the regional Fed bank said on Friday.
Becker's departure was effective on Friday, the spokesperson said. Earlier on Friday, Silicon Valley Bank was closed by regulators.
IANAL, but I don't think fiduciary duty requires you to disclose SVB exposure. If anything, disclosing it might trigger another run on an otherwise easily survivable state.
It's a per bank amount. If you're floating 300k in cash as an average person, split it between institutions.
Buy low! Now’s your chance!
This reminds me of one time I had a co-worker explaining to me how awesome is the logging system he wrote. I expressed my skepticism about using a complex one-off system for debugging purposes on the basis that the said system itself needs debugging. Then no more than couple of months after that conversation a test breaks. The test switches between two code paths over some condition and emits different message via the said logging system, both messages should be appearing but now there is just one. This implies either condition is not detected or it just does not happen, perhaps a system issue? Could be the new hardware revision we switched to recently is faulty? Nope, the older build of the same test runs fine.

Git bisect to the rescue, what do you know, it breaks on the commit adding another improvement to the logging system. The second message is getting eaten by the logging system, that's all.

I don't think this persuaded the co-worker to stick to the more common tools, but definitely fortified me in my belief that a buggy tool you made yourself is no way better than a buggy tool that thousands use all the time.
Yes -- all the people I know withdrawing from small banks are going to Chase or Morgan Stanley. These largest banks have to mark-to-market their losses and have a lot of cash (short duration) assets, and are literally too big to fail.
On the topic of good open-source webfont sources. I like the ethos/aesthetic of the League of Moveable Type.

https://www.theleagueofmoveabletype.com/

Also, most of their fonts are OFL licensed.
Back in 2021 short term T-bills gave you less than 0.1% yield, hitting an all time low of 0.04% for some timeframes. The bonds they bought gave them 1.5% annual return. The banking regulations didn’t prevent them buying the ones they did. So yeah. That’s why.
SVB created a run on themselves by betting against rising interest rate.
You (Probably) Don’t Need Gigabit Internet
> and you want others to hear it.

Harder then writing I think lol, especially when you are in the beginning phase
It's newsworthy because Canada has taken a stance as being the arbiter of free speech in other regards, such as misgendering pronouns

https://www.them.us/story/canadian-court-rules-misgendering-...
Rough week. Everyone's trying to get as far away from him as possible. He'll be okay though. More time for golfing.
I thinks lots of small companies with a sudden $4m influx of cash are not in a good position to open accounts at 16 banks.

Now that said, there are hot money managers that will do this for you.
> It didn’t take a genius to predict interest rates were going to rise. Locking cash away for 10yrs in very low % return vehicles seems stupid?

Everyone is a genius in hindsight. You could have made millions out of a few thousands if you were able to predict an interest rate regime change. But where are your millions?
Show HN: Visualize the vibe of your community in real-time with AI summary
For full instruction please check this page: https://www.bcad.one/project/5

We trialed it with our co-living community and we were having a great time.

It has two component - question page where users can submit and answer questions anonymously, and a vibe board where users can visualize all the answers and use AI to summarize the vibe of the community.

The intention for building this web app is not just rebuilding the Google form. We want to create an easy environment where people can do a vibe checking with their bonded community, ask the questions they always wanted to ask, and get authentic responses from other people within the community in real-time.

There are also a lot of other use cases, we'll leave it to the audience to decide.
You seemed to have made it clear:

bridge loan or bailout?

Hmmm, that's a tough one.
> Consumer deposits have an average account size of less than $200,000

Whoa! FRB has wealthy customers. US average cash in savings accounts is $41,600.

And this is pure cash too - not total net worth.
What does a bank run look like at this level of corporate holdings? They can hardly ask for a few hundred million in cash.

Are they moving money from one bank to another, spreading money across banks to reduce single points of failure.

Maybe buying bonds, gold or other more secure investments? Roll the dice on crypt as if it does have a moment to shine this is it.
So, how many put options have you purchased against the financial sector? If the answer is zero, I don't think you really believe it that much.
What years of tourist rides do to an elephant
> I really believe we are about to experience a financial crisis worse than anyone alive has experienced...
Or maybe a few banks will get bailed out and it will be no worse than the savings and loan crisis.

I think right now it looks more like the latter (S&L crisis of the late 80s/ early 90s) than it does the Great Recession '08. Wasn't a huge impact in the economy at large from the S&L debacle. It will have an impact on tech so that this might look kind of like the tech wreck of the early aughts - again, while that impacted those of us who were in tech at the time it had little effect outside of tech. If it were to start spreading outside of tech to other sectors then I'll reconsider.
No bank is safe from a bank run.
The risk of driving a car is thousands of times greater than any mRNA vaccine.
> Offending someone is not a crime

except when in Canada, you do not acquiesce to calling someone by their chosen gender pronoun

https://www.them.us/story/canadian-court-rules-misgendering-...
Tachyons – CSS Toolkit
$3.3B of the ~$40 billion of USDC reserves remain at SVB
Reminds me of the time a cop hassled me on a really bad day and I gave him the finger as I walked away. "You're lucky I can't arrest you for that!" I didn't look back. Thanks, Canada, for being a bit better than your shithole neighbor.
I think this shows that scaling like that isn't even needed if you run on your own hardware, you can spend the same amount as you would on cloud services and have 4x the capacity
Yes that's true, but since then I've had the same discussion with other brokers, although they weren't as adamant. The basic terms around this seem widely misunderstood (at least from my own experience).
I suppose you’re right, there’s nothing they could have done differently. They were forced to offer just about the highest, unsustainable, yield rates and otherwise attract and hold unmanageable amounts of capital. No other choice! Inflation was unforeseeable. Despite 40 years of startup banking experience and $3-10M yearly exec comps, how could they be expected to consider high inflation and a tech downturn happening at the same time? We are asking just too much of those poor execs, risk management must have been someone else’s responsibility. Biden must be to blame.