skysight-inc/HackerNews huggingface dataset:
If/where non-profits are effective, I would expect that's largely through the time and effort of people staffing them, and unless it's all volunteer labor, I would expect those people are paid. And if they're effective at solving social problems, they're probably pretty talented and providing social benefit, which would likely leave us with below average or above 2σ salaries as outrageous.

So... I wouldn't expect that I can make effective judgments about the sector based on people being well-paid, which means I should probably try and focus on impacts.
I thought Signature bank failed even before that ?

Bank Runs! What's Going On? – Patrick Boyle :

https://www.youtube.com/watch?v=kxcwn7xoXhU
this is so weird but I love it
Yes, we are going to be repricing and giving amazing terms to vested employees
Why would lithography not scale? We've got plenty of mass production lithography with microchips.
The major one that came to mind were cloud providers (AWS, CGP, Azure, etc.). Even if you manage to build in resilience to a major outage, I'd wager that many services your business depends on will not have the same levels of redundancy.
They are a society manipulated heavily by propaganda, run by rich elites and pushed into an unproductive war by a political dictatorship supported by the elites. Perhaps everyone should have stopped doing business with the USA for the last few decades for the same reason.

You can creatively frame a problem any way you choose.

All countries have a problem with media, elites and politicians. We should aim to solve those problems, not cut a large chunk of the planet off. They are people too.
The frontpage changes constantly and quickly. It doesn't give a accurate view of what the community at large cares about, as 1 day old stories gets buried relatively quickly (the ones who would upvote a story mostly already upvoted it by then, and the time factor moves stories down quickly).

The "bestpage" gives a much better overview, as it changes less often: https://news.ycombinator.com/best

From that list of 30 "best" stories, ~10 of them are about or related to the SVB drama. That's an usually high ratio of "best" stories for one theme. That doesn't happen very often, so by HNs eyes, the SVB failure was a huge story, spanning multiple HN threads.

As another note, the SVB drama is very US/US-tech related, while the audience of HN is much bigger than that. Not just internationally, but lots of non-tech related areas as well, although it's definitely a bit oriented to US and US-tech. Some people on HN simply won't care about SVB, as it doesn't impact them in the slightest. While maybe they are a developer, so a tiny C compiler is something they want to see discussed.

> Edit: and no more than 3 mins later after I posted the above and this this reaching the top of HN it was immediately dropped down to ranking #88. In the span of 3 mins. You want to know what group think there is. That right there is the group think you should be worried about. People aren't even comfortable with being criticized about what happened this weekend.

You might want abstain from commentating on systems you don't seem to yet understand. Any story on HN that receives more comments than upvotes quickly, gets ranked lower as the system will believe that the comments are getting too heated or there is something else going on.
Except if fdic simply distributed assets, most depositors would not lose everything, just around 25-30 percent.

Not sure why people are acting as If, without government intervention, depositors would lose everything

Svb is insolvent today but they weren't assetless
I wish there was something comparable to Apple when it comes to performance and battery life.

Are there any corporations working on something that could compete with M1/M2 in laptop space?
China plans to revamp finance, tech oversight
"> And what have non-profits done for me as a consumer or user, putting aside the ones I work at—namely, George Mason University and the Mercatus Center? That is harder to say. They might have helped with my health care, except I haven’t been sick. They have contributed to the social fabric in ways I don’t always see directly. Without non-profits, perhaps my community would be more fractious and less generous and the streets would be dirtier. Maybe! But that is not as easy to see as an Amazon package left on the doorstep. Churches I will consider later."

Um, yeah, I don't find it very surprising that Tyler Cowen, an academic, influential writer and famous cultural critic isn't directly getting help from his local food bank. Oh, and I love the "putting aside the ones I work at". Let's cherry pick and say "non-profits have do nothing for me personally" if you exclude the ones that do a tremendous amount for me personally. Even with the above, I find this pretty disingenuous. Surely Tyler Cowen has visited and enjoyed some famous art museums? Perhaps he has taken his kids to a local science museum? Perhaps he has benefitted from research done at universities, as pretty much everyone alive has?

That said, I can agree with him on his point that perhaps certain non-profits (e.g. hospitals) don't really function like most people would think a non-profit should and probably shouldn't be getting tax exempt status.
> The regulation of SVB doesn’t seem to have been particularly lacking. The shortfall is not very large and should be covered by asset sales and some fairly small industry levies. What exactly is the moral hazard here?

If regulation wasn't lacking, the shortfall isn't large, and (I paraphase) SVB and the sector can sort itself out, why would Yellen and POTUS need to hold press conferences?

If you hold cash in a bank and your balance exceeds the FDIC insurance limit, it's at some risk. This isn't new, yet seems to have come as a complete surprise to a whole bunch of people, many of whom really should have known better.

They've been loudly demanding a bailout for having been on the wrong end of their risky decision. Isn't that pretty much the definition of moral hazard?
Sacks is both far-right and intelligent enough to know that the Trumpy far right is devoid of culture. Sack's mission is to create an image of cities as dirty and dangerous, so fewer people will notice the unread, incurious, culturelessness of the lumpen right. Or they'll feel better about themselves. Or something. But without Elon's charisma, nor his bot farm, nor Peter Theil's smooth Dark Enlightenment moves.
Printing money (whether that's relevant here or not) is simply not what inflation means.
Banks will extend all the credit you need if you have billions of t-bills as collateral. No need to actually have millions (let alone billions) in actual deposits.
They were already at $1M FDIC insurance. I was in process of transferring money out when I got the email about this. Still going to transfer a little out, but less then I was going to before.
yeah the irony... i have just fixed this, i think.

i have also just scanned the URLs underneath the left-wise expansion slot and it's still a 404 on my phone.
back to work.
Russia wants to push the narrative that the war is about NATO or Ukrainian nazis or helping suppressed Russians or whatever they're claiming today. The truth is they started the war in 2014 when the Ukrainian people made it clear they wanted to get closer to the EU and further from Russia. Putin wants his empire, he mourns the dissolution of Soviet and calls it "the greatest geopolitical catastrophe of the century". He published a weird manifesto about Ukraine in 2021 about how Ukraine isn't a real country without Russia. He can't stand the thought of a free Ukraine that's part of the European community, it has nothing to do with NATO expansion.

As further proof of this he has said that he's not concerned about Sweden and Finland joining NATO after their applications, even though Russia threatened both countries with military actions previously. And you also have to remember why these countries in eastern Europe are part of NATO: to protect themselves against Russian aggression. The Baltic states remember clearly what it was like to be invaded by Russia, as do Poland.

Russia is not some innocent victim being attacked from all sides like they want to paint themselves out to be. They're imperialists and in their own official propaganda they claim to be saviours against the decadent west. Lavrov called gender neutral bathrooms dehumanizing for instance.
* Discriminating women in tech. Recent conversation with a friend in Google:

- How many women do you have on the team?

- Well, not many

- But how much?

- None

* Looking for a "culture fit"/"perfect fit" while hiring. Surprisingly realized that as immigrant, I have better interview performance while interviewing with other immigrants. I had Facebook offer because other folks were from China, India, and so on. However, white males almost always look for a "fit". If you can't make friends with them in one hour, in most cases you gonna hurt their "subjective feeling". Many many times I was getting response like "everything was good, but it's not just a good time". Hello Roblox, Gopuff, Coinbase, etc. Interviewing with immigrants is such a relief, like it or not!
I had a Zenith tv growing up. I beat the hell out of that thing. It was indestructible. I was always hooking and unhooking my game systems to it and I’m told often you would hear loud crashes as it went slamming into the ground but it never broke. Eventually we changed over to flat screens and we got rid of the tv, and I’m not sure what happens to that tv. Someone might still be using it today. I wonder if the downfall of Zenith is that they made their products too well.
I really hope that you've been horribly misinformed. I have no words otherwise...
>So much of our economy is built on the assumption that not everyone will want to withdraw their money at the same time.

Even worse, many countries seem to be working on and passing legislation to limit access to cash/withdrawals partially for this outcome, further feeding the beast.
The Cloud. Not only is it costing companies an excessive amount of money but it’s only a matter of time before something happens that causes large parts of cloud providers to go offline for a significant amount of time.

SVB collapsing was far less likely than AWS going down due to a cyberattack.
Many here seem to purely be blaming the VCs for what happened. I would think the bank has the primary blame for making unwise investments with their depositor’s money. And I get the VCs caused the bank run by wanting to protect the startups they support. I don’t blame them for reacting to the news of the failing bank. Do you blame the general population for the Great Depression in the 1920s when the bank run happened then? I don’t think so? It was a consequence of a greater issue. Just like VCs actions were a consequence of the greater issue of how the bank managed the funds.
This single comment has made me decide to move away from Google cloud before I launch my product in the coming weeks.

Thanks.
It sounds interesting to me, and worth trying, but I'd be worried that such a villain would be uninteresting to watch on film. No cackle? No monologuing? They would be pure self-interest, executed calmly and without pity (including self-pity), would do crime but never brag about it, never get caught. Such a one would not be terribly interesting to watch because the villain basically has the mind of a spreadsheet.
I did, and Marty, you will be my slave now.
Because in the real world abstractions are leaky, and small changes in how the database is used can cause 10× performance changes.
.io has some baggage. People working in FLOSS have been suggesting something else instead:

> In short, this TLD belongs to the Chagos Archipelago, which suffered a mass deportation by the UK government 50 years ago. These people still fight for the right to return to their homeland.

https://github.com/elementary/website/discussions/3108
I imagine the point isn't for you to keep on switching the ports out every day.

Rather, it's so everyone can get the ports they want with minimal overhead for Framework the company (fewer SKUs, less spare inventory, etc.).

It's like LEGO: You can put together exactly what you want using exactly the bricks you want, and you aren't expected to take it all apart and build something new the next day just because you could either.
Aside from the frequently mentioned aspects that many times SVB is the only reasonable place to even get an account if you are a startup (something that is changing now thanks to things like Mercury and Brex), many services will push you to use SVB, outside of VCs. For example, accounting and management services like SVB for the simple reason that SVB has basic features like "user groups with different privileges, so that some people can issue wires but not approve them, etc." BofA small business is really hard to work with. Some of it sadly comes down to super basic stuff like that.
Except they are exactly loaning cheap money to all the banks that have not yet failed while claiming moral superiority for letting svb fail
I recently released an open world RPG game I wrote completely from scratch while in high school (I only used OpenGL) to Steam https://store.steampowered.com/app/1009960/Project_Hedra/?l=...

And now I am currently working in a few other prototypes and tools. Would be interested in joining
From this I can deduce that banks with names starting with S go bankrupt.
No matter how advanced we think we are we are still worrying about minutiae like trimming spaces from strings.
the key point is that rich VC's got what they wanted at the expense of the truly wealthy. The ops tempo remains unchanged however: Rate hikes will continue, despite this 'tantrum of the vichy.'

the shot across the bow for other banks was "no investor bailout." in short, this isnt 2008, we will continue to de-escalate quantitative easing through rate hikes, and we arent above letting these banks fail spectacularly in the future with a cold indifference. Your landlords humbly insist upon the crow for supper.
> have a database that knows about all queries in your app, and optimizes collectively

I’ve had this idea floating around in my head for a while: if you could take all the queries and the schema, you should be able to compile that to a specialized binary that only does those queries. I have no idea how to accomplish that but I bet you could do a lot of nifty optimization. Migrations get hard but I wonder how good it would be
SVB vs. European royalty group chat in 1914
> Like it or not, the West generally is in a state of decline.

Europe is in a state of decline. The US is doing fine. The difference between the US and Europe is that we went up the value chain ( Microsoft, Apple, Google, Facebook, Netflix, Nvidia, etc ). Europe did not.

Consumer electronics is relatively low level tech. It was "gifted" to the japanese and then the koreans and eventually the chinese while we moved up the chain to the more valuable internet, social media and software development.

Where is europe's microsoft? Their apple? Their facebook? Their google? There is no "the West". No more than there is "the East".

Edit: Also, it isn't consumer electronics that's the issue. It's the future ( the next rung up the value chain ) - AI, big data, quantum computing, bio-tech, green energy tech, etc. Will europe even participate because currently it looks like it will be only the US and China competing.
Probably reflects demographic changes within the US over the past several years.
Agree. My ad blocker blocks it. https://ublockorigin.com/
Sounds like my opinion of mac users should be dropping.
You can get 50-60k EUR in Eastern Europe these days if you know what you're doing. Sure, it's not a FAANG level salary, but cost of living is low here. So I would definitely not migrate to London if they offered 60k.
It's 2023, the AI winter is over, and we still don't have Knuth-Plass in our web browsers or Kindles!

I'm happy to read that it might finally happen with
text-wrap: pretty.
Group think is pretty normal and a good model in general. It can be misused, but no decision making model is 100% accurate.

But lot of things that most people do are safer than the unbeaten path, even if it fails most likely there is a bigger chance of being saved. Like now, seems like the US gov. is stepping in.

But of course crypto was a huge groupthink investment, all the big investment firms & banks went in just because they couldn't ignore the years of speculation, but not because of growing usage in society leading to increased "real world" value.

I've seen huge groupthink in cloud hosting. Im not sure I really understand it, especially from within governmental organisations they've spend millions moving to the cloud with little to show for, higher monthly costs, lower delivery times.
You need a savings. Probably 3x what you think you’ll need. You’ll need a solid plan. Not just a “this would be a cool game”. You need to be open about the development (not open source, but posting blogs etc). You also need to work with marketing and publishers to get your game(s) out there. You need to think about support and community from day 1.

In the end, the game is its own thing. It better be fun. It better be enjoyable. Otherwise all the above doesn’t matter.
Which one did you end up going with? I’m in the market for a new laptop and as much as I love MacBooks I want to be able to boot into Linux
Unless you have more than 250 k, that was never really a possibility
In Boca Raton. I think they moved the whole facility to Austin by now, but it was a very interesting campus when I did an internship there in 1995. The office I had used to be occupied on Microsoft who just stopped working with IBM on OS/2. Also, it being Florida and me being only 20, no one carded us when we went out for drinks.
IIRC they did before the musk take over, so it'd make sense if that infrastructure was still operating that way.
imho inflation is mostly psychological. In a steady state scenario when today's business is like yesterday's, people feel less inclined to put up their prices for social psychology reasons. When there's some sort of dislocation, they all of a sudden feel those factors are less important and more justified in putting up their prices. A pandemic is just an example of one kind of dislocation. It doesn't really matter the specifics of how the pandemic affected the economy -- that's just some noise on top of the signal that is all about "things are different now, so please accept my new increased pricing".

The same thing can be done in reverse: e.g. BigTech firing gazillions of people and suddenly "Ah, no we're not paying the kind of salaries that were common in the before times".
I'm just going off the research, you can buy whatever you want.

"Health obesity" isn't about staying obese, it is about shifting social stigmas as they seem to contribute (paradoxically) to obesity[1]. Why is this something you feel the need to support publicly and vocally instead of letting people's health be between them and their doctors (who also need to work on stigmas[2])? The more society makes this a social issue, the worse off people will be when external stressors land [3].

[1] https://bmcmedicine.biomedcentral.com/articles/10.1186/s1291...
[2] https://onlinelibrary.wiley.com/doi/abs/10.1002/oby.23266
[3] https://academic.oup.com/abm/article/54/10/738/5901900
This strikes me as more a perspective of someone whose lived so long in a stable system that they consider it a fundamental immoral failing when something does occasionally go wrong. The loaning of your clients money is the fundemental idea that banking works on, if you weren't able to grow your clients money through lending it you would have no reason to accept clients money in the first place.

Bank runs used to happen all the time. The fact that this is the first bank collapse we have seen in basically a lifetime is more of a miracle than anything else, and should be considered a stunning success that a bank collapse is a once in a lifetime event rather than a yearly occurrence that it used to be.
I remember seeing someone linking a React component whos sole purpose was to balance text. Can't remember the name of it though...
Reading this makes me wonder if there is room for something similar to "The Global Chubby Planned Outage". In addition to good comms, they could gradually degrade your service up until suspension as a way of getting your attention.
Its not my problem to solve, that's the whole point. Its a niche enough need that it shouldn't even be part of CSS. people who have a need for it, should figure out some solution on their own, not force their complication onto the entire spec itself.
https://mobile.twitter.com/jonwu_/status/1634250767971532800 sounds like a plausible reason. SVB was offering great deals in return for being the exclusive bank and you parking all your cash with them.
You're right, this place is just Reddit now.
Thinking 400k total compensation to do 20 hours of low-effort work and feeling entitled that you aren't paid enough. Mindset needs to shift to hustle and grind no matter what company - FAANG, midsized, startup, etc. The marginal software engineer will continue to get laid off, and what constitutes "marginal" will be a higher bar each time. Don't rest on your laurels!
Aren't VCs the ones who told people to pull money out of SVB, there by causing this?
Especially considering the fact that most times services go down, they go down because someone tried to change something, not that something just broke out of nowhere. Sure, harddrive failures happen, but it's much more likely your testing/QA process doesn't catch something and that something breaks your platform when you deploy it.

Adding to that, making changes to distributed architectures are much harder to change correctly, than the alternatives, so you end up making it harder for you to change things in order to be more "resilient" against hardware/network failures, but subsequently get a higher "deploy failure" rate.
Which website do you mean? There is no video on that Ars Technica article and the original article just has a standard YouTube video player with no autoplay.
Everyone has access to technology and information. Yet, many scientists and engineers are working hard to achieve better results.
In short, postingshub is the ideal platform for learning new stuff. As a result, you can read and write freely on this excellent platform.
You can read all of the relevant articles and provide suggestions.
Jerome Powell has shown that he doesn't have the skill to be fed chair. Why would you drop rates prior to pandemic when the economy was doing well? Why were they overly aggressive when the pandemic hit? Take calculated actions and measure results. Some actions I don't even get like buying junk bond etfs.
There are multiple threads with 2k+ comments. What more do we expect than that? Not everyone here is a founder or a vc-brain guy. Your workers are nerds who like compilers, we also come here to talk about stuff. The rest tries to come and make money, even as it always crashes and burns eventually.

but compilers are eternal.
To me the bigger takeaway is that if it’s important enough to encrypt, it’s important enough to keep backed up regularly. Even with password-based encryption, if your drive/laptop is stolen you’re no better off than you would’ve been with key-based encryption (potentially worse, as password-based may be more practical to bruteforce).

On the other hand if the data is backed up properly, at worst you’ve lost between an hour and a day of work regardless of if the laptop gets lost, is stolen, bricks itself, or is subject to a highly localized short-lived black hole. You restore and go on with life.
The type where you identify with a so-called nation and then the idea that a member of a different nation is very different from what you are becomes so real to to you the point where you support escalation of a conflict with them that potentially ends in the extermination of mankind.
99 percent of consumers have bank balances below 250k