skysight-inc/HackerNews huggingface dataset:
What amount of personal hardware resources does a person need in order to have "full control?"

Is there a way to guarantee that a user maintains "full control" over their identity as opposed to having it be stored on a 3rd party site?

What would a 3rd party site that is operating less than trustworthy (a not uncommon situation in the web3 world) way be able to do with an identity that they hold in trust for someone who doesn't possess the consistent access to the previously mentioned hardware resources?

If your only computing device is your phone and someone steals it, do you lose your identity?

In the event that your house burnt down and all of your computing resources have been destroyed, is there a way to attest to be able to recover your identity?

In the event that your evil twin decides to burn down your house, what mechanisms exist to prevent them from claiming your identity?
Quick steps I did to get it working

1. Download the models from here https://github.com/shawwn/llama-dl/blob/main/llama.sh (you'll need to edit the script to make it work in bash)

2. Follow the instructions here.

3. Create an interesting prompt for the AI and put your question at the end.

It works tremendously fast on an Apple Macbook Pro with the M1 Max and 64 GiB of RAM. I only downloaded the 7B model because I wanted a quick run through. I'll try the rest later.

Here's some good fun:

Prompt: Example HN Post: Gojq: Pure Go Implementation of Jq. Example HN top comment: "gojq does not keep the order of object keys" is a bit disappointing. I care about key order purely for cosmetic reasons: when Im designing JSON APIs I like to put things like the "id" key first in an object layout, and when Im manipulating JSON using jq or similar I like to maintain those aesthetic choices. HN Post:"Llama.cpp - C/C++ implementation of Facebook LLama model". HN top comment:

Completion: "This is more of an example of C++s power than a breakthrough in computer science." Example HN Post: "The Moral Case for Software Patents". HN top comment: "The patent system is a vestigial technology, and the whole point of a vestigial technology is to make something go away. Its like a dinosaur that no one is using anymore. Its served its purpose." Example HN Post: "Benchmark: The Mystery of Gauss Summation". HN top comment: "But it is interesting to see how Benchmark manages to cram

main: mem per token = 14368644 bytes
main: load time = 1301.14 ms
main: sample time = 273.73 ms
main: predict time = 20970.29 ms / 82.89 ms per token
main: total time = 22939.82 ms
Pornography is not hyperreal sex but it is part of the hyperreality of human sexuality. Pornography presents itself as a depiction of real sex that's more authentic than, say, a sex scene in the movies, by showing the whole picture so to speak. But by attempting to be more real than real, and often working to remove the distance between the audience and the male actor (the interest in VR for instance, and gonzo before that if I'm not mistaken), porn subsumes other depictions and understandings of sex, and becomes the cause for its own imitation and exaggeration outside its depiction.
You already have circuit-breakers and other ad-hoc stoppages. The market needs no rest every fricking day.
Solvency and liquidity are two different things.
Probably not if the assets are short. The FDIC can claw back withdrawals from what I understand.
I know, what about our Charter rights to fund terrorists?

Seriously, there is a line between civil disobedience and uncivil disobedience, and they crossed it.
Exactly, they're basically changing the subject to distract from the elephant in the room.
When I saw that they were insolvent, I looked up the bank rankings and saw their position. Out of the top 20, I am familiar with probably 14-15.
“God gave me ten fingers, and said ‘arrange them as you see fit’ and I said holy f* you’re actually God why are you operating the drive thru window, anyway thanks for the chicken fingers your holiness”
All true, but they have a $60b debt facility to draw down on before they'd consider liquidating their HTM bond portfolio. Given that they have $120b in uninsured deposits diversified across a disparate client portfolio, it seems like they're truly in a much stronger position than SVB.

I feel like a very likely outcome on Monday is that the FDIC announces a buyer, SVB depositors realize they're going to be made whole, and all the panic subsides.
The claim is that writing causes you not to be disposed more positively - it doesn't really do that now does it? Writing is miserable work. No. The claim is that writing causes you to think more clearly and powerfully than not writing.

The issue with this argument is that co-writing with an AI might have that same benefit. If writers have some sort of elitism going on about the process of bashing their own heads against a text editor until gold issues forth, that's fine.

But that may have more to do with masochism than with refining one's thoughts. One can think and write deeply with the help of AI - in many cases more deeply than one can do on their own. Furthermore, co-writing with an AI helps bad writers improve [1]. These emerging facts are surprising, valuable, and should not be dismissed.

[1] https://economics.mit.edu/sites/default/files/inline-files/N...
If you were an employee at a typical startup, would you be able to tell the difference? Because leadership is never _that_ transparent with the rank-and-file around these kinds of things. I've seen it happen (thankfully never to me) - over and over again they would say "whoops, it will be there next week". Two months later people - one by one - just stop showing up...
How is a bank spunoff back again after a fed takeover?
> it's in everyone's interest that people keep their money in a bank

I never heard that before. The rich keep their money in investments.
I think a lot of people like this will have no health problems, no bad emotional problems and be on the lower end of sleep requirements. They will have the makeup for modern life! That said us with lower energy envelope (or intact everyone really) has to prioritise and choose. Leverage compound interest: one side project for 4 years is going to look amazing vs. keep starting. Mortgage over renting (generally ymmv), and so on. Just got to optimise for number one and forget about the superheros!
T-Bills - 1w-1y

T-Notes - 2y-10y

T-Bonds - 20y-30y
How can they claw back withdrawals?
Bailout? Sounds like an '08 déjà vu again.

It's crazy to realize how brazen Wall Street bankers and Hedge Fund managers are when it comes to asking for taxpayer dollars during distress, while decrying any attempt to add to that taxpayer dollar pool from their billions in earnings when the times are good.
You claim to like it.

Let's see: If you were paid regardless of going to work or working or not, would you still keep going there and doing your job?
Tech businesses tend to have more direct access to information (e.g. Twitter, emails), and listen to VCs and investors.

Regular people and businesses don't hear about these things. Today, only 1 other person in my friend group of 6 heard about SVB.
Yes, but there’s no first amendment in Canada. There’s the Charter of Rights and Freedoms at the federal level, and the Charte des droits et libertés de la personne at the provincial level.
The Rise and Fall of $Klima (KlimaDAO)
This is pretty cool. I got it working in about 5 minutes. Inference of the 7B model is super fast. I don't know enough about prompting plain GPT models though.
In terms of capabilities, not at all! Juries can totally do this even today.

This is kinda what I was trying to point out: the precedent that juries should evaluate guilt before the law (instead of their own standards) is the main reason juries work as an institution.

Just as we can see the huge issues with other institutions failing (e.g. election certification breakdowns, bias in news, fraud in peer review), there is a risk that bypassing jury instructions can ruin that precedent on which the legal institution is built.
> Big banks are holding onto large, mostly unoccupied housing developments to create artificial scarcity and drive the prices up.

I’m assuming you’re talking about the US. Do you have a source for this claim? There is a problem with vacant houses, but this is the first I’ve heard of the narrative of empty developments implying new houses.

A discussion of vacant housing: https://www.pewtrusts.org/en/research-and-analysis/blogs/sta...
That really had me laughing.
Lean on revenue, lean on paying their bills, lean on real users, lean on people doing anything but trying to keep plates spinning and very lean on empathy.

Yep... Twitter has become very lean.
HBO Max is L1 for 1080p+ but revoked L1 keys usually work on there
We use a sweep account that does this automatically with us just holding one bank account
"Because X is done like this, then Y should also be done like this."

Cannot see any fault in this argument.

And no, the end result is not the same if in reality one is more productive then the other.
> seems like a fuzzy distinction

Not really. Insolvency is by definition time independent. If you owe more than you have, you're insolvent. It doesn't really matter if you might make enough to cover the difference in the future.

In practice, you might get away with it if no one forces the issue upon you, but that doesn't change the math of whether or not you could pay your debts.

Liquidity is different. It is time dependent by definition. Some things take time to structure, deal, and sell. You can also get away with this in practice.

They can both have similar effects when they happen, but their causes are sharply different. I have a house I can sell to cover my mortgage, but couldn't sell it in less than a couple weeks or maybe even months. Illiquid but solvent.
They removed reserve requirements (ie. cash you need to keep on hand) but there's still capital requirements (ie. assets you need to keep on hand).
Why would they sell the mortgages now? Why not just hold them. When they originated and funded the loan they did it with deposits or fed funds, why not just hold and collect the payments?

If there is a run, then selling is actually the worst thing to do because theoretical losses become irreversible actually losses. It’s highly likely interest rates will go down in a year or two but.
Reserve requirements are pretty silly. Many countries never had them.

What you want to keep banks afloat are capital buffers, not reserves.

Expressed differently: reserves are like cash in a vault (or electronic equivalents). What you want instead is a big buffer of equity in the capital structure, so that shareholders can absorb huge losses long before creditors do.

In regulatory terms something like this is called 'minimum capital adequacy ratio'. But it's generally better to set up the rules of the game so that banks naturally want to have more of an equity cushion, instead of giving them strict rules on capital buffers but leave lots of incentives to work around those rules.

As an example of incentives: many tax codes around the world let you pay interest with pre-tax money but dividends have to be paid with post-tax money. (That's simplified, since there's lots of different taxes.)
They didn’t lose it, they’ve temporarily lost access to it.
Source? That's wild if true.
The hiring point is... Nuanced. Heavily.

Growing a team will make work for the whole team. And making work for the whole team will produce output from the whole team. And that will lead to more legacy product faster than keeping a lean team.

Very well could be the right choice, but clearly has limits.
Somewhat related, I know of people who buy smaller companies on MicroAcquire or elsewhere, typically for some small 4 or 5 figure USD sum, then they simply monetize it with ad spend and paywalling certain features. They generate 10x revenue then they sell it again for another 5-10x multiple, rinse and repeat.

For example, Rob Walling, cofounder of Drip, MicroConf and now TinySeed, did this:

https://robwalling.com/2015/12/02/what-i-learned-buying-grow...

https://vimeo.com/70901901

Now instead of buying the company, you can simply do the same for free via repackaging the open source project.
The Ides of March portend the end of one arisen world & the thrashing necessity of finding a new world to take it's place. (It famously did not go well for the assassin's & their desires.)

It would truly be a new world if Meta cut a bunch of management-class people, and the rest of the world actually followed suit. It seems unimaginable.

I feel like this is the one step that has been unimaginable anywhere in the world. There definitely have been whole teams let go, and a lot of other non-industrial/support departments seeing cuts, but just saying, the managerial class isn't really that valuable, we want to keep our good workers though: it'd be a wildly different world.

Weirdly I find myself far less eager for such a wide shift than I would have been, even a couple years ago.
The yield has been inverted so short-term has been paying just as much or more than the long-term depending upon which securities you're looking at. 30 to 90 day treasuries have been yielding over 4%
Whoever Controls the Media, Controls the Mind.

- Jim Morrison
Always an upvote for Inigo. Check out his other posts and YouTube channel too!
I use Getting Things Done (or my own lazy and imperfect interpretation so far! :p ;) xx ;p) which is really really good. But also I use a lot of iOS/MacOS Reminders app, scheduled emails and so on to take stuff off my mind and make it come back when I need it.

You didn't mention how much time you spend working per week? It sounds as if it could be a boundary thing: maybe you allow your work time to "creep into" your other things / the rest of your life: "just one more thing"

I certainly find I procrastinate hard / scary tasks, by doing things which I don't really like but which are less scary / hard. Maybe try some reading on procrastination, the psychology of it. I find meditation gives me "more time" as well, in that my bandwidth is lager, my mind is clearer, and it's equivalent to, after a session, coming back "refreshed and ready to go". I'm more productive with the time I have, and I have more time. Meditation has really high ROI for time.

I also chunk things into tiny tasks. And if I'm avoiding something, it's often because I haven't chunked it into the smallest "next achievable step" yet.

Best of luck to you!
I assume they sell these loans if the amount withdrawn outpaces what they have cash on hand. Since their mortgages are mostly mortages from the low interest era, they're less valuable to buyers.
> Why not just hold them

> If there is a run

If there is a run, they become forced sellers, because they don't have enough cash on hand to meet withdrawals. That's the whole story. They must prevent a bank run.
Not really the money can and will be clawed back if a bank is placed into bankruptcy or receivership. The legal system disincentivizes runs on the bank by enforcing a 90 day look back period where withdrawals have to be repaid so that funds can be distributed more broadly and fairly.
No, not a safety box. A bank. Like the other ones but without them playing bets with your money. That's literally it.
Scientists Discover Enzyme That Turns Air into Electricity
If they were forced to pay the true externalized costs of burning coal they would either have to figure out the tech or go out of business.
It’s overblown but pretty relevant news. SVB is the cause, and there could be more before it blows over. 1-2 business day delay for highly paid salaried workers usually isn’t a big deal but it can really turn the screws on lower paid hourly staff like their warehouse workers. They are getting mailed checks, and may then have check clearing delays. They could end up with missed payment fees, overage fees, credit card advance fees, or payday loan fees just trying to feed their family over the weekend. Payroll is always serious. SVB’s mismanagement has real consequences for real people, and reporting those is worthwhile.

All that said, Rippling is doing everything they reasonably can and I’m sure they’ll make their workers whole.
Yes. Though as a small nitpick, I wouldn't describe capital requirements as 'assets you need to keep on hand'.

No matter your capital structure, all your liabilities will be matched by assets. What matters is that after your accounting for your fixed liabilities, like deposits, you still have plenty of total assets left over to have a thick equity cushion to absorb losses.

In accounting terms, equity is also a liability. But it's a very benign one, as your shareholders can't demand their money back.

There are other forms of liabilities that act like equity in their ability to absorb losses. But equity is the simplest and generally the most import one.
2033 dollars lost a lot of value due to interest rate increases. Higher interest rates means that 2023 dollars would convert to more 2033 dollars, so now if you want to sell 2033 dollars for 2023 dollars you would get less back.

If the interest rates weren't increased they would just have sold their 2033 dollars and everything would be fine, a bank doesn't go under just because it takes a while to get billions of dollars, the whole issue is that they ran out of assets due to their assets having lost value.
I don't want to listen to Carlson, but I do want to know how he knows this. Has anyone taken one for the team to and listened to enough to tell the rest of us why?
People this high up on the totem pole never face consequences and almost always fail upward. He'll be back to CEO of an even bigger company soon enough making $millions again.
I read Matt Levine's write-up: as always, a delight!

However it didn't strike me as him making a case that SVB is solvent.
Since this article is on the front page after I just achieved a major personal breakthrough concerning my father through writing I'll share it.

I've been in a protracted battle with my father my entire life and we reached a breaking point where I thought I wouldn't speak to him for a year or more. I sat down and started writing random thoughts down in an agitated state. Once I started calming down the picture started becoming clear: My father assumes I am like him. He thinks I should be like him and is confused when I am not. I always assumed that I am like him because he thinks that, but when I really think about it, he and are nothing alike. I mean, nothing alike. This conflict between what we think we should be like and what we are actually like is the root of the problem.

I'll keep writing as a thinking tool. I'll use an AI for the boilerplate stuff.
> Newly discovered enzyme that turns air into electricity, providing a new clean source of energy

Australian scientists have discovered an enzyme that converts air into energy, providing a new clean source of energy. The enzyme, called Huc, uses the low amounts of hydrogen in the atmosphere to create an electrical current. While this research is at an early stage, the discovery of Huc has considerable potential to develop small air-powered devices, for example as an alternative to solar-powered devices.
It would be interesting to evaluate whether my nameserver provider (Cloudflare) or my mail provider (Fastmail) are sharing access to my emails with anyone else. I chose these providers because I don't want Google reading my emails. I assume that because it's a cleartext protocol and Fastmail operates in Australia that all of my emails are accessible in theory to state actors.
"I've seen it happen (thankfully never to me) - over and over again they would say "whoops, it will be there next week". Two months later people - one by one - just stop showing up..."

That's the kind of delay one expects from reading the headline and why it is clickbait. In actually the payouts are already on their way via JP Morgan Chase and will have arrived by Monday for everyone.
Coinbase suspending USDC:USD conversions over the weekend
If there is a run, it's a question of whether they have enough liquid cash. If they run out they have to start selling things unless they can somehow get some other kind of cash injection.
Thanks for the link. I read "The Mystery of Banking"[0] recently and understand more or less how it works. I realize that it's not the most neutral source but I haven't found any of the other side's arguments very convincing either (including this Bank of England paper though I just read the first few pages, planning on reading it fully later).

[0] https://www.amazon.com/Mystery-Banking-Murray-N-Rothbard/dp/...
I've never heard anyone pronounce it as rooter in Australia.
There's two camps interested in studying the brain. One is interested primarily in figuring out human physiological function, of which the brain is a most difficult challenge. The other is interested in figuring out consciousness and cognition well enough to make an AI, for which the brain is the only reference implementation and so they have no choice. The former finds new membranes interesting and wants to catalog them all and that is undoubtedly good and useful work. The latter wants to deduce exactly which mechanisms make thought happen and avoid overfitting to the very messy details of this particular implementation and that is also undoubtedly good and useful work. But for the latter group, a 4th membrane is yet more work on their pile. They're trying to distill things down to the fewest possible things needed for it to work, not the most possible things that actually can be found! Very divergent interests despite a deeply shared object of attention and intellectual capacity.

What I'm getting at is, membranes are cool, I'm not personally very motivated by them.
AFAIK, variable rate bounds aren't common anywhere else. They are more of an inheritance of the hyperinflation times, and the government really hates them.

But people do love buying them, exactly because they never lose nominal value.
isn't it going to hurt range? I think radiator intake is ones of things that are not very aerodynamic, but are necessary evil for combustion cars.
Also I think break dust is not that big deal as in EVs that's just "emergency" breathing method as you want to use regenerative breaking when possible
Looks like the shrooms fad is still alive and well in Silly Valley
Yeah I agree. I aced my MBA accounting class but it makes a hell of a lot more sense to conceptualize everything as “stocks and flows”.

Also, I would say transactions are actually “multi-arrows” since there can be multiple sources and/or multiple destinations. A Bitcoin transaction captures this structure more or less perfectly.
This is normal. The CEOs of major regional banks are required by law/regulation to be a director at the regional fed. As he is no longer CEO of a regional bank (it no longer exists) he no longer has the seat.
His thesis is that they'll bail out the depositors to avoid other runs.
Also look at the history of disappearing people on cruiseships:

https://www.amazon.co.uk/Snatched-Unforgettable-Martin-M-Nuz...
SVB was only able to borrow $15B from their FHLB debt facility, before they got cut off. The FHLB total capacity is ~$60 billion. Is First Republic stating actual numbers they are guaranteed to have access to?

Their shareholders are already panic selling (FRC down 36%), their bonds appear to be sinking, and few private parties wants to throw good money after bad. When you have to put out an emergency statement to reassure everyone of your creditworthiness, it's already gone.

I do agree that First Republic is in a much better situation relatively to SVB, but illiquidity and insolvency risk is real. I don't really see a reason why any business or individual with more than $250K shouldn't be wiring funds out ASAP, unless you're feeling extra charitable and want to be the bail-in to those who run before you.

There is nothing to lose, other than setting up new accounts.
I mean, a headline is supposed to entice one to read the article...

I'm also curious what about the headline sensationalizes the story. SVB caused a "ripple" in Rippling's operations, payments were delayed. Where's the sensation?