skysight-inc/HackerNews huggingface dataset:
> You can take an interest free loan out against your Ethereum

Well, you do have to pay to take out a loan. Closing a loan is free, and redeeming LUSD for ETH (if it's not your loan) costs _at least_ 0.5%. And being liquidated costs you money (10%?) as well I guess.

> What happens if many people do that and never repay the loan?

Nothing? What do you think is supposed to happen?

> you are suddenly dealing with real like risk that cannot be ignored.

The only risk I know of is a cascade. If a trove drops below 110% because the ETH price drops, and someone liquidates the trove and gets the ETH at a 10% discount, and then _sells_ the ETH, the price drops even more causing other troves to be liquidated, etc.
This https://plugins.jetbrains.com/plugin/14767-time-travel-debug... gives time travel debugging for IntelliJ. (Disclaimer, I work for Undo.)

I don't think there is a solution for PyCharm.
I imagine if they just said we had 8% of our reserves in SVB, now we have none.
It would probably be interpreted as they didn't lose money and no body would notice.
This is what boggles my mind. How did they not consider and hedge against this risk? Why did their advisors not raise an alarm about this?
Must be nice to have access to the kind of info where you can act before others.
Images need more space than text because images encode far more non-textual information.

Sure, an image of standard font/m face/size/weight/color text has low information, because it's only using asymptotically 0% of it's expressive power. Just look at how a logo conveys more information just by styling text.
Being a hack is rewriting the same story with the nouns changed. Keeping the audience in mind means you can target your writing in a focused manner.
The lack of advertisements, popups, cookie consent, propogandist language and fluffy content makes for such a pleasant reading experience.

It's a real pity that this is not more common with modern websites, especially in the "recipe" or "news" domains. I am grateful for Wikipedia however.
Every model is wrong but some are useful
Great, let’s pick up that metaphor.

35 year old dies BASE jumping. 34 year old BASE jumper says, “yeah he was taking on too much risk — that’s way too old to be BASE jumping.”

56% of assets in long term fixed rate loans is fatal. 26% is also fatal. The latter is not in a position to criticize the former’s excessive risk taking. A 5.6% hole in your balance sheet (20% loss on 28%) is still very bad for an institution that needs to satisfy demand deposits.
I see. So useful for companies who are considered too high risk for "regular big banks" --- but they're all clumping together so it should be your second choice, only if you couldn't get a loan from a regular big bank.
Bodybuilding.com forums got me interested in nootropics. Those guys are trend setters and some of the first people I would consider biohackers
"South Koreans already toil more than many of their overseas counterparts. They work an average of 1,915 hours per year, compared with 1,791 hours for Americans and 1,490 hours for the French, who have a 35-hour workweek"

Oh no. Being in France don't know which is more embarassing : thinking that somwhere, someone is expected to work for 69 hours a week or being acounted for the country working the least hours per week and possibly being considered as lazy.
Not me, no. I decided to be formally educated in sports science precisely because the internet is awash with disinformation regarding fitness, bodybuilding.com included (and, honestly, HN). There are some posts there that get the science right, but there’s a lot of falsehoods too, or unindividualized, “over-engineered” advice.

On a more on-topic note: I’ve never consciously held ExRx in high regard, but considering how exhaustive and encyclopedic its curation of exercises is, perhaps I should have. One also couldn’t argue that it contains false content because it merely collects exercises instead of prescribing them (unless of course they’ve added some section where they do, which I don’t know of and cannot comment against).
What? Anybody with financial sense has noticed that rates have skyrocketed, and if you're still earning less than 1%, you're throwing money away. The more money you have, the bigger a deal that is.
Well, the needs of people include food and shelter, so if they can't meet those (because they followed some "passion", which for many young people is a BS fashion "lifestyle" thing that they don't even fully care for and don't really want to pay their dues to get there, just want it because it looks "cool") capitalism wins even more...
In this case the fact that you're going to act might be the "info"
I often try to explain this concept to people that want to work in IT engineering jobs. They see qualities like: high salary, work from home, no physical labor, no college degree. I explain to people that read less than one book a year that you have to read a lot, every day. Or that you're going to have to change your lifestyle to balance out the negative health effects of sitting for 9+ hours. Then they ignore me and get Security+ and complain no one wants to hire them. I should just send this article in the future.
A few years ago I was staying at an AirBnB in Carlsbad/Oceanside. I wandered down to a little coffee shack/breakfast place across the street from the beach. As I sat out front, enjoying my cup of coffee, I thought, "this is exactly what I want to do with my retirement... I want to buy this shack and pay some 17 to 20 year olds to make people coffee and pancakes". While that sounded great in my vacationing mindset, the reality is far more soul-crushing. Upon returning home I started doing some back of the napkin math on what it'd actually take to run a place like that. 3 or 4 employees at $20 an hour (this is California), plus insurance, plus... well all the other stuff it takes to employ a human. That's before I even consider food and supplies. Coffee at 2 dollars a cup, pancakes at 8 dollars a plate. Could we sell enough even to make payroll? Forget any profit.

I believe this is why we're seeing the sunset on the little mom-n-pop businesses. There's no way these folks can pay living wages. Now if this were Reddit I'd be angrily shouted down and told, "then they deserve to be out of business!". Fine, let's put all those evil family-run donut shops out of business. But let's not complain that we only have even more evil McDonalds-style franchises that own everything.

All this to say, I wish there were some middle ground. The truth is, I'll probably have to figure out how to like Starbucks.
USDC != UST, it is backed by assets. Some of those assets were in SBV, which is why it is down... but 90% of the assets were not, we know the number because Circle is transparent, and has 3rd party audits.
> > The ability to redeem LUSD for ETH at face value (i.e. 1 LUSD for $1 of ETH) [...] create a price floor

That is not entirely true though; it costs money to redeem LUSD for ETH. Earlier today it was 2%, so not particularly cheap. That would put the floor at 0.98 at least momentarily.
Germany -- 5.529,00 € excl. Apple Care which is 149,99 €/Year
If you want foreign currency accounts, there are two options Silicon Valley Bank or HSBC. HSBC requires deposits of $2mn to open foreign currency accounts, svb does not.
I used to use examine to find direct links to medical journal articles about the latest supplement research, but they've locked away all the details so I have to run dual monitor with examine as a lead generator and search for articles on real websites in the other window.

Regardless of the above usability issues, examine is a pretty good supplement research site.

Edited to add: I don't like examine's pricing. Examine is essentially the "consumer reports" of supplements and I'd expect to pay magazine subscription rates, not a month of gym membership annual rate. Its not that I can't afford it or it doesn't fit in the budget, it doesn't fit in the worldview of this is how much you pay for that kind of service. Even $50/yr and I'd sign up, but two hundred? Really?
I was searching for a note/knowledge/plans managing app just yesterday, and wasn’t satisfied either.

What I think I’d like to use is some sort of a wiki-based app that also allows to organize and present “pages” in a columns/grid format with some tabbed control around it. So I could store notes, links, tasks, snippets, everything in there, categorized visually. And add them with a simple “+” command. Something in spirit of https://new-tab.vlad.studio/ ( https://news.ycombinator.com/user?id=vladstudio )

Right now I use OBTF.txt (one big text file) in a repo, with vim folds around sections. And Trello for task-y things. Pen and paper for ongoing “designs”.
https://archive.is/paHUk
One doesn't need to go as far as to Sardinia, our everyday food like sausages is not pretty at all.

People literally take animal intestines, fill then with other pieces of meat and leave them to dry...

If you think about it, sausages are as strange as kiviaq.
How do you know it’s a business insider article? It uses “freaking out” in the headline.
… none of which is to say that this made SVB particularly irresponsible or deserving of what happened this week. It really does look like a confluence of bad timing w/r/t increasing interest rates and some unfortunately timed bond buys. IANAB, but it seems like all the money is there, just tied up in bonds that won’t mature for ten years, leaving them illiquid.

If I understand this correctly, SVB will be bought by a larger fish, and we’re back to business as usual, albeit more consolidated (enormously bad, imo, but a different bad).
Because a lot of legacy stuff is written in Matlab. And Octave is not so much slower than Matlab. matlab’s killing features are all those libraries for everything.

And I for example don’t like using matlab - it’s not free (as in freedom), it’s very bulky, GUI is slow and heavy, there’s no way to use it as a console app in linux afaik.
Steroids don't make anyone more muscular, all they do is increase the capacity for recovery. You still have to put in the work lifting weights and progressing, steroids just helps it go a bit faster and increases the ceiling. That's all
A pixel is equivalent to character in complexity.
Well, thanks for clarifying, TIL that "(...) since 1933, no one has lost money due to a bank failure (...)" in US, according to FDIC.

I wonder how this situation looks outside of US in more distressed economies ie. Argentina.
Have you tried WunderGraph for APIs? (I'm the founder)

We abstract away all the complexity of CI, Serverless, generating an OpenAPI specification etc...

Follow this guide and you've got an API deployed in a few minutes, with OIDC integration and everything you need: https://wundergraph.com/blog/never_write_openapi_specificati...
Is this is the source of that 30% number?

> 30% of YC companies exposed through SVB can’t make payroll in the next 30 days.

https://twitter.com/garrytan/status/1634286688922132481?s=20
This is what happens when a major metro area has no representation in Congress.
I believe this is more a bet on the FDIC, than circle.
One thing that always surprised me about SVB was how bad the UX/UI of the site was, for a company so close to all these companies at the forefront of web technology. The signup process was abysmal.
I think the Atlantic is just assuming that since Reagan was an actor, who became California governor and then went on to the White House, so naturally, Arnold who follow this template.

Also, the California governorship is not an effective model since the Legislature holds so much power and is so dysfunctional.
While I’m not saying positively that LLM are the way a brain works, it is worth noticing that the meme argument structure you are using is very often absurd because Turing Machines can be made out of all the things people usually list. People trying to accuse of category shift are very strongly overestimating the strength of that argument in much the same way that people commenting that people who thinks money were cents, nickels, pesos, and dollars are not quite managing to articulate true dissent by pointing out the letters are different.
I have a very strict policy. No pay, no work. Only once in the past was it nearly invoked. We'll see if this is the time.
> an implicit ability to wage/counter war and aggression.

In other words, money.
> With GPT arriving, expect that spam is going to increase 100x, and that it will be eerily personalized, invasive and persistent.

This needs a justification. Spam is already invasive and somewhat personalized. I'm not seeing how ChatGPT change much of that
Yeah, it seems like the SVB reserves are being treated as lost, even though my understanding is that most of the uninsured deposits should be returned (it’s not like SVB was a scam—they had substantial assets, even if not quite enough).

This is the most tempted I’ve been to buy a stablecoin, but I will stay on the sidelines and just watch this one. Edit to clarify: USDC seems like one of the most “above board” stablecoins, but I’m still extremely skeptical stablecoins generally, given their collective history.

Edit: one issue I see is that, given herd mentality and skittishness, it is possible that > 90% of USDC gets withdrawn quickly enough that you could get left holding the bag. Even if USDC is 99% backed, that doesn’t help if you’re left with the last 1% of it (unless the backing company decides to make you whole, at their own loss). I could see that scenario playing out in the crypto world, so I’m happy with my decision to stay away.
Honestly, it hasn't been true ever.
> It winds up teaching you that the needs of people are irrelevant, and only the needs of the market matter.

The market is simply people's wants+needs in the aggregate
I don’t understand how this wasn’t already implemented, it seems like such low hanging fruit
Agreed, I have a similar thought process. I've found it very hard to come up with an idea simply because I think that something like this already exists, even though I know I can build or at least try to build almost anything.
I didn't say "general" artificial intelligence. Nor did I refer to "deterministic algorithms".
I think getting paid every two weeks (eg every other Friday) is more common. This makes it easier for everyone to plan. Also how you get the payroll situation where every few years, people get an additional pay period [0].

[0] https://www.thebalancemoney.com/paying-employees-in-a-year-w...
How to Become a Serious Reader
>>>don’t know how it all shakes out, or at the end of the day where that money ended up and where it went,” he says.

I'm going to take a stab - the money ended up at the issuer tbill or mbs, that has been funding the profligacy of the feds with very low interest rates.

In the meantime, fed stakeholders will declare a dividend and pay themselves for the priviledge of keeping musical chairs going
You can hedge the risk of your own bank failing by purchasing put options on its stock, assuming it trades publicly and has an active options market. I don’t know anyone who has ever done that, but it’s a neat idea.
Why do you think humans are the most complex minds?

Humans minds can't even process infrared imagery or carbon dioxide levels in the air like insects can.
I absolutely love coffee. I love drinking it, trying all the different preps, roasting my own beans, all of it. I started and ran a coffee shop in college. 2 friends and I basically convinced our business school to foot the bill and pass it off as a learning experience for us and have various classes do final projects helping (marketing plans, web site, etc). Even removing the need to turn a profit, it was a slog. Getting to the shop at 530a multiple times a week to get it opened, dealing with employees, dealing with shitty customers, dealing with suppliers, even simple things like managing cash. It was a great learning experience about business and I often want to open a shop again to get away from software development, but it's really not glamourous.
SVB announcing their equity raise was public info.
Actually I don't think the author was trying to be super prescriptive. His writing is actually pretty muddled, but the main points I got were:

1. Focusing on your idea of ideal business rather than just running the business can be constraining in a way that kills the company

2. Maybe that's ok, because maybe your team doesn't want to optimize for business at any cost vs. a defined mission

I think some rewrites would have helped with this article
Dunno about that, I feel like this dichotomy is too often repeated to cover the original malice in the first place. I strongly doubt that those people got to where they were by being that incompetent.
It’s a crutch. I was first burned by Python back when 2/7 == 0 and avoided numpy etc for years.
I don’t think it’s so much “high risk” as it is “non-traditional.” In a normal new business, you have a factory, and all the machinery is assets, and if it goes under you can sell the physical trucks and widget presses.

That’s just not how America has worked for a long time now, and I don’t think most folks would describe American businesses as any riskier than in say Serbia.

This isn’t a “bad guy” story, as far as I can tell.
DAI is far from it's lowest point right now.
FWIW, big tech companies do pay for relocation for rank and file engineers. Meta paid for packing/moving + roughly $20k incidentals when I joined last year.
I expect that over time, we'll see:

- More automation

- More self-service

- And more labor-intensive services and things people want that can't be delivered at the prices mainstream consumers are willing/able to pay
If you have nothing to hide I suppose you wouldn't mind posting the following information in a reply to my comment:

Your full name, address, and phone number(s)

All emails you use and their passwords

Links to all of your social media accounts and their respective passwords

Bank account balances and transaction logs

Phone call and text records

Contact and address books of your friends and relatives

Edit: I suppose the people down voting do, in fact, have things to hide
One thing you have to remember about modern CPUs is that they are not fast 6502s.
Once you have done the hard part and come up with the great idea, you can then do the HARD HARD part and build it.
2 dollar coffee is quite cheap :-)
As a brewery owner, yes there are some people who like to drink beer and started a brewery but those are very few. More common is homebrewers who like making beer and decided to go pro.

That is where I came from.
And The Man in Seat 61: https://www.seat61.com/
I just drop the "worthy enough" requirement and work against dumb ideas.
If the definition of singularity has such low requirements, I think we've probably reached singularity somewhere back at the dawn of human civilization when we started making lots of predictions, for sure, and the overwhelming majority of them terrible. We carry this old tradition with ourselves to this day.
the youtube video description has a link to the javascript app
Bank failures often come in waves.

Washington Mutual wasn't just a large bank failure, but it was also one of a large number of other banks that failed at the same time.

During that time, a lot of other huge financial institutions were bailed out "under the table", and were not allowed to fail. Sometime by buying their crappy assets, sometime by rescuing their counterparties (e.g. AIG).

Let's hope SVB is not the start of a large wave of failures.
if it’s a nice spot and good coffe, I would happily pay $4-5 for a cup of coffee. most of the other times i’ll make it at home to offset
Summarized as "making a hobby your job might make you no longer enjoy your hobby".

Hobbyists photographers quickly discover this when they do a paid shoot for a wedding for example.

It turns out that running a business involves a lot more of "running a business" than the creative hobby part you thought it would involve. Doing Sales, marketing, accounting.. dealing with suppliers, employees, landlord.. etc. All the things that have nothing to do with the hobby you thought you enjoyed & were good at.
There’s a danger for first-time founders buying into this 100% — having special knowledge in a subject gives us a big advantage, we can’t all just hire experts like Levchin and other successful repeat well-funded founders can. We have to be the experts (or team up with them). That expertise is probably coming from either a love of (or at least a familiarity with) a subject.
Look into Orgmode.

The challenge you are describing is of the cost of context switching between multiple tools as all your information that you need to recall to do your work (say about a project or a topic of what have you) is living in different places. Your tasks may be in todoist but it’s not great for writing notes to preserve context. Trello etc all have similar problems. Notion is too powerful in the way you can do a lot with it and it’s easy to fall into the paradox of choice there. Unfortunately there is no good solution today. Even orgmode that i mention has its challenges (mobile usage for 2023’s world is pretty poor)

Most of the time you end up using something setting up a system to take notes manage work only to move on to the next thing which is when you realize that data portability matters and you don’t like being locked into a tool. Enter plain text which has its own limitations in terms of tooling ,collaboration. Etc.

Not the answer you were looking for but a long winded way of saying there isn’t one tool/silverbullet. Start with something simple and stick to it. The more data in there the more valuable it starts to become.

The real question you want to ask and answer is why do you take notes. And the answer more than likely is going to be you need notes for different things which result in realizing you need diff types of notes and that note taking is more nuanced. And that you may be able to use something like orgmode as one solution to it all but it lacks mobile, collaboration support etc. you may then have more clarity on which tools you need to use for which type of notes. Or if you can live with one tool that does it all but trading off some other qualities you desire.
There was always one instruction that made r14 special: BL, branch with link. Both r13 and r14 are special for exception handling and SWI instructions, because they have extra versions in the register banks, specifically for the supervisor mode stack pointer and exception return address.
My instinctive thought is that the responsible thing to do here is to pause redemptions for a while to see how the SVB thing plays out and then lower the face value of the usdc to align with their reserves.
Maybe don't be so dismissive of people who think differently
You don't seem to understand. In the Olympia completions its a grey area and every one knows that they have to do it . Being illegal doesn't matter they don't have to appear clean .

With cycling competitions it's very regulated and they try to do substances that don't appear in the tests
That's fair. By the time I retire, 8 dollar coffee will probably be quite cheap.
Yes but here the author mixes tool-making and product de-risking. I was talking about tool-making which seemed to be the unique part of the article. Everyone designing hardware products designs some hardware.

You can almost always make tools and test equipment with general-purpose hardware. There are companies that design hardware intended to be used like that. People tend to (understandably) try to drag problems into domains where they are comfortable solving them. In this case they tended to draw solutions from hardware but a software team probably would have solved them a different way.
The company I work for only said our next payroll is safe. The rest of the statement was wordy without saying much which is a pretty big red flag to me. Here's hoping we didn't lose the entire extension round we just raised.
Bank run was triggered by extremely poor investment decisions of SVB and not by people acting on that public information.