skysight-inc/HackerNews huggingface dataset:
> now that people got so used to streaming more, its often much easier to pair more effectively

People keep saying this, but the experience of quickly pairing on something is one of the things I feel has degraded the most. I can't point to a single cause, it's more death by a million cuts, but I absolutely dread pairing with a junior to help them over screen share where I would normally be happy to help someone in person. I'm not exactly inexperienced at it either, I worked fully remote for a couple years a decade before the pandemic.
Yes, but before it was down, they had substantially more assets than deposits owed.

> As of the end of December, SVB had roughly $209 billion in total assets and $175.4 billion in total deposits

Say $80B of that is worth 83% of the HTM value on their balance sheet. That would be $14B less, or $195B in assets against $175B in deposits. I don't know the details of their holdings or exact difference between market prices and their HTM accounted value, but the important points are (1) they started with a lot more assets than deposits and (2) different portions of their balance sheet have declined different amounts. It's not all 10-year 1.5% MBS notes; only about $80B is.
> future dividend payments may be made to uninsured depositors

"may"

If they get their get their money back it only reinforces the bad choices here. Let them fail. The world doesn't really need these the vast majority of these YC trinket startups anyway.
what is needed to be done to instruction tune Llama.cpp? like is all that is needed just a few thousand labeled rows of data?
That's why I said "at least some of the time".
I’ve seen some writers have great success on Substack serializing their books. Though I’m not sure how many have done it from complete obscurity.

I’m running an experiment myself to see how successful a normie with no large social media presence can be writing a programming and technology blog on Substack. Check back in 7 months to see how it went
Right, they should bail out the depositors, not the bank. The bank doesn't deserve to exist anymore.
what were the projects ?
For me, when hiring someone, I want to have a track record with them. Having known them over a long period of time helps me be less guarded and more sure of their intentions.

This also applies if the person is a friend of a friend — building a “network” just means knowing people who can vouch for you as a valuable and trustworthy person.

The ability to build relationships and be stable over time is a merit.
SVB got unlucky due to some unique structural problems (massive inflow of cash resulting in high proportion of portfolio with low rate assets backing the deposits and a client base that was shifting to withdrawals all at the same time due to difficulty raising capital).

The fed could have done a better job giving long term guidance and honestly should set up a facility to exchange debt when the interest rate risk couldn’t have been reasonably know.
I'm not sure what you mean, but all the publications are non-profit organizations—none of which I am affiliated with.

Lapham's and The Conversation also don't have any paywalls, though Nautilus does have a soft paywall of two articles a month (this is comparable to the magazines mentioned by other users in this discussion, with similarly fairly relaxed or stricter paywalls).
This is a pure panic run on the bank though, irrational and counter-productive. The bank was not insolvent and could have been fine if everyone didn't withdraw all at once. The issue I have is that this was started by a group of VCs who told their startups to withdraw, that caused others to withdraw and the slowest are the losers. But they didn't have to be. It's a shame that the VCs that caused this will think they were forward thinking enough that they prevented a problem, when they actually caused it. It seems like the best thing SVB could have done was not sell their assets at a loss to make cash available, if everything went into the receivers then eventually everyone would have been made while. Right now there is at a minimum a $2.1bn loss that all remaining depositors will have to eat.
No, I do think it's an informative, well written article. It's quotations come directly from some the most well-known, and respected names in the field of the aerospace. I've even referenced it before on this very site! I just bemoan it's terrible title, and am perhaps bitter from the times when relatives send me links with similar titles (usually of lesser quality) and I have to explain that yes, people in my field do know what their doing. The infamous "bees" quote being a particular bug-a-boo.

I would however critic it's use as an example to prove that we have a history of rationalizing explanations where none exist (and using that to draw a parallel with AI). While the title implies this conclusion, the article itself does not. We do indeed have a very good explanation of how aerodynamic lift works. That explanation just takes the form of a set of differential equations, and isn't something one can easily tell a group of 5th grader, without simplifying to the point of spreading errors.
As I understand it, the FDIC normally steps in early enough that even non-insured accounts get made while.
Thanks for that, but after thinking about it a bit I don't think I have much to offer. Perhaps if we were in a pub and I could understand where you're coming from. The thing about models is that they can be used in a lot of different ways, and can be pushed in many more ways. The model seems so trivial that it must be part of a 1000 other models if it is correct, or it must be well-known why this model fails. I imagine the quants rolled their eyes and didn't even bother responding, like how physics people do when laymen riff on quantum mechanics. (My ego would love it if this is novel, but my brain knows better.)
Exploiting Input Sanitization for Regex Denial of Service
Optimization and Amplification of Cache Side Channel Signals
Analysis of Ripemd-160: New Collision Attacks and Finding Characteristics with [pdf]
The assets in their HTM portfolio did not all appear in March 2021 and it appears most of it was in various (C)MBS which likely paid a few bp more than comparable maturity treasuries. Unfortunately, the duration (sensitivity to change in interest rates) of mortgages extends in an increasing rate environment (less people prepaying) and so the portfolio probably lost a little bit more than comparable treasuries.
That's not what a bridge loan is.
Totally agree it’s the speed of the reversal in rates. Whipsaw is a great term.
If desperate use the index supplied with map, if the order is stable enough.
I sold all my AMZN stock by 2006 when I quit thinking that everyone would figure out the secret to doing your own hardware cheap.

I then went to try to convert other businesses over to doing it cheaply, but as an engineer I just wound up getting into fights with my managers who loved spending money.

It is all about Empire building and managers wanted those expensive VMWare and EMC vendor relationships to manage in order to fluff up their resumes. They want more people under their umbrella.

If you start hiring Directors of Network Engineering you'll find that you start hiring lots of expensive CCIEs and spending a lot of money on Cisco.

It is almost a problem of being too small, since you can't quite easily point out how having single SATA drives in all the servers will save millions over having hardware RAID cards, and having simple networking in your rack design will also save millions over what Cisco would like to push on you. So you overspend by $250k here and there and everywhere, and pretty quickly you're back up to cloud costs.

At a smaller level it isn't quite as obvious how obscenely expensive to your capex these kinds of managers are, and they know hot to talk in ways that make Managment believe that they're buying all kinds of Enterprise-class resiliancy and leveragable vendor relationships and all that kind of nonsense. Hiring smart engineers instead is something that most Managers don't know how to do either, which is what you need in order to get a decent level of automation in place in order to scale the ability to manage it all.

And don't get me started on high priced consultants that can be brought in to overdesign the most complicated solutions possible by never saying 'no' to any kind of requirement that IT management can dream up. I've seen VLAN diagrams that you wouldn't believe...

But anyway, if you can solve that human problem, through hiring the right people and having a corporate culture of "Frugality" (as much as I hate it, that focus Amazon has is what let them do IT cheaply and then resell it). But it isn't a technical problem, or a financial problem, or even really a staffing problem, it is fundamentally a culture problem.

And then the trick in my mind would be to do Frugality right without being as much of a dick about it as Amazon is.
I would add one caveat there - market competition for companies, not people. It has also been used to politically justify low price of labor (especially of the manual and precarious one).

I really like Michael Brooks quote: Be kind to people but ruthless to systems.
It's like night and day from a year ago. I've known some very high quality people who had to do 8 onsites to get one offer (and obviously a lot more applications, recruiter calls, and tech screens to get those opportunities). There are still jobs out there but companies know they can be very very picky right now and will reject you for the smallest reason.
> People shouldn't need to pay attention to what their bank is doing.

There's a really nice threshold for measuring this: if you have more cash than can be spread conveniently amongst a number of banks such that those account balances do not exceed FDIC insurance limits, you do need to pay attention to what your bank is doing.
Do not discount the premium on "not having to network egress"
Nobody said they favored fascists. If you think “supporting republicans” == “supporting fascists”, you’re an uninformed idiot.

It means you have never actually conversed with a centrist who has voted Republican or you have ignored literally everything they said.
By paying interest to attract depositors.

With banks paying almost nothing to depositors, I don’t see why we should be forced to use them. Give us the same deal they get with the Fed.
To start: I agree that reasonable people can work together on a common code base without a strict common ruleset and only a loose shared understanding.

However: some reasonable people also like to use auto-formatters.

If you want to avoid a lot of noise when looking at diffs eg for your code review, you need to deal with those.

The most obvious problem is two people with differently set-up auto-formatters.

But you also get a problem when you mix people hand-formatting vs the auto-formatter. The first time the auto-formatting developer touches a file, you have a massive diff.

(With lots of discipline, they can stick the formatting into a separate commit or even PR, but people seldom do that.)

All that being said, I'm a very selective stickler for whitespace formatting. I like my source to be neat, and my diffs to be easy to review. I'd like people to avoid mixing tabs and spaces, avoid trailing spaces at the end of lines, and end their last line in a file with a newline.

> Brilliant people perhaps, but they better work on their own.

I have the opposite experience: people who don't cross their Ts nor dot their Is are also those who forget other niceties like freeing their malloced memory.

I approach coding from the point of view as trying to make the reviewer's life as easy as possible. So not just 'how do I get the computer to do X', but 'how do I make this so easy to understand that a reviewer has a chance of spotting any mistakes I make' (also so that reviewers and other readers of the code can take over, so I can take a vacation or move on to other things).
This is a bit like saying that you’ve stopped driving to work and now you only walk.

That’s great for you if your home is close enough, then of course you should have been walking. But it’s not exactly generally applicable advice.

The whole point of React is to create interactive UIs, that’s why it’s called “react”. And you can’t do that with a templating system.
No, but expecting their uninsured deposits to be retroactively insured is.

Imagine some homeowner called up Allstate saying, "Hey, my house burned down last week, can I get that covered even though I don't have insurance?" We'd laugh at them. I get that it sucks for them, and they're going to have some Kubler-Ross time ahead. But that doesn't mean that somebody else should bail them out.
Taxonomy is indeed hard.

In my opinion it comes down to the purpose and reason for existence.

To answer your question I don't think selling a single book makes a library less a library. But if a public lending 'library' had a price tag on every book, I would say it is a bookstore with loans.

In your mind do you consider an iron ore bulk carrier in Australia different from a natural history meusum in France or an iron ore dealer in Argentina? They all store rocks and minerals, including iron ore, and so they could all be called "iron ore storage facilities".

But only one of them has the purpose of studying and preserving artifacts and so it makes sense to create a subclass and call it a meusum.
>the gp implied that human sacrifice is sufficient enough to discard any other achievement of the society in question

No they didn’t. You’re just not used to seeing criticism leveled at other things. Something can be simultaneously flawed and quite impressive.
Are the onsites actually on site?
No. Unless you need animation or some interface which is more more complex than can be easily done with SSR, React is a boondoggle.

I was writing SPAs that did really complex things around 2005-2010 including things like knowledge graph editors and geospatial decision support software. Back then there was no async/await and almost no knowledge about how to make such things and it was a struggle to figure this stuff out and communicate it to clients, management and other devs. Frequently I'd get on a project that was a "big ball of mud" and going nowhere and whip it into shape.

People are still writing SPAs that do very complex things such as Figma today, but mostly people write very complex SPAs that do very simple things and I find frameworks like React, Redux, Vue, etc. to be mostly a disappointment.

I write a lot of React at work and feel mostly on top of things, I like how it is straightforward to write things that look and work like desktop apps, but working on my own account I write applications a lot like RoR apps. My "server" is a very powerful desktop computer that is underloaded and the speed is unlike anything in the industry. There are no spinners! Responsiveness is like a desktop app on a fast network and still good on a slow network. There is none of the initial waiting to load that you have with a desktop or React app. I am learning how to use

https://htmx.org/

to get even better speed, D3.js for interactive graphics, but I'm still looking for a systematic approach to CSS that I really like.
1. This really depends on not wanting to sell, because selling and getting a drive is also reuse and puts money in your pocket.

2. Optane is available though, for less than a dollar per gigabyte. And if you have RAM already, you can sell it as above.

3. Encrypt it with a random in-memory key.
Roku had $487 million of its $1.9 billion at Silicon Valley Bank.
250k of that was insured. At some point this is just people being dumb and should be punished.
> No complicated build systems or web pack or dependency management system.

I love statements like this. It's as if things are just complicated for the fun of it, not because they need to be/they solve complex problems.
Anyone making $500k/year who doesn't know this:

a) needs this lesson

b) will also be totally fine when they experience the hardship of learning it

I am having trouble finding sympathy for someone wealthy with no savings who is suddenly going to get some late marks on their credit report (who won't miss any meals and will remain wealthy).

Let them learn.
Prior to joining SVB as Chief Administrative Officer, Gentile worked as Chief Financial Officer at Lehman Brothers' Global Investment Bank. Gentile left Lehman in 2007, just one year before it went bankrupt in 2008.
Even with a layover, it’s better for one to do it because it’s one less hotel room, airport transport, etc.
Even non-average people don't know which one is going to have a run.
No, the problem was that VC's led and pushed for the panic withdraw of all funds.

The bank would have had no problem if it was just the case of fewer new deposits. As to expense draw downs, those would have been ongoing and part of normal business operation.
But HackerNews comments told me everybody makes $300k-$500k/yr working remote
I've been hiring fairly steadily. The level of talent that is applying has definitely increased. My hiring managers are able to be way more picky, and people are accepting first offers at a higher rate.

There's toug competition for those looking to be hired.
> "Are you suggesting tens of thousands of small business customers need to do due dilligence on the investment practices of their banks?"

Yes, this exactly why millions of people, not just businesses, avoid banks like Bank of America and Wells Fargo. They review how they have historically operated and what risks they passed on to their customers.
Almost no one is paid in advance. Most people expect to be paid on a regular schedule, e.g. biweekly, semimonthly, monthly.

If you do the work and don’t get paid soon, what’s your expectation going forward?
This follows on from using props as an initializer - something that should be avoided if possible. Date pickers get gnarly here: is the date prop the initial date or the current one? I think it should be the current one, with a prop to handle date change.
You are only insolvent if you have $160B in withdrawals. If the deposits sat until the bonds matured, the $150B in currently liquid assets would be worth more than $150B.
Moving from multiple banks to one bank is probably increasing your risk here. Especially so if we're talking about more than $250k. And if we're talking about less, then this example shouldn't change anything for you. As the article we're discussing explains, anybody with less than $250k can withdraw that from SVB starting Monday morning, maybe before.
The term meaning varies by brokerage, but my implied meaning here is a service that distributes a large virtual account across a network of banks to keep the individual actual accounts below the insured limit. If this becomes the norm, even large accounts will become effectively insured.

They will pay a fee (or receive a lower return) for it for sure.

You could argue that this is a free market way to adjust from this event, but this was already available yet the failure still happened.

Making it explicit saves the system from future less savvy or inattentive depositors creating a mess again.
In fact, if you have 160 billion in deposits (liabilities) and $159.9999 billion in CASH in the vault (assume no other assets at all, not even the vault) you’re insolvent. Nobody would ever NOTICE probably, but you are.
If you have a low money preference, chances are it's because you already have plenty.
The FDA allows generics to be sold within much looser tolerances than the brand product (variances allowed of +/- 20% of active ingredient per dose.) If you've ever noticed a "brand medically necessary" checkbox on a prescription a doctor has given you, that's what it is there for.
Thanks. I was going to edit my post to include that article.

I also found this 1983 video from the librascope company, which mentions the weight and balance computer in the first minute:

https://youtu.be/nYeERxT1g38
I think it can depend on what that networking is. Is it, "hey I went to college with a guy and we loosely keep in touch over <insert social media>, but I am hardly familiar with his work, we just are alumni." Okay, that is pretty bad imho. However, if it is something like, "hey there is the person I've done work with on a FOSS porject, both myself and them contribute to <some FOSS project> and the person does good work and is looking for work." I don't find that so bad.
When I do that it doesn't make any difference to the Total CO2. I just did Glasgow/London and then added an extra Glasgow and the total didn't change. In any case, as I've mentioned elsewhere, the CO2 seems to be based on the entire aircraft rather than per passenger, whether or not this is a good idea depends on the intention of the person looking at the tool.
I’ve been posting where helpful, but early stage companies are still hiring!

If anyone is struggling and is on the mid/senior/director side of their career (3+ yrs), I'm helping place people at my friends' Seed and Series A companies. Email me at j{at}markovmanagement.com if I can help ya!
exactly.. they chased higher returns at a risk and lost. BOO HOO.
Get a grip on your hyperbole. You’re simultaneously grouping the actions of different groups together and assigning them all to a much larger group that had nothing to do with it.

You are no different than the people who blamed Muslims for 9/11.
I work as an AI research engineer, so I’m having a totally different experience than the others I’m seeing here. Job market is very very strong for senior AI roles. Multiple offers that were >2x what I was making at a BigTech research lab (depending on how you value the equity). Interview process was much easier than I was expecting- mostly situational interviews (although I was referred in for those).

Having said that, many places refused to interview me because I didn’t have experience with LLMs. I was surprised how strict some places were with experience requirements.
I assume this is based on experience, as furniture is likely a pretty important part of a bank's operations. A branch may easily have $100k+ in furniture that is leased to them.
Health insurance now works basically that way.

And some other forms let you actually “come current” before a claim, but it varies.
Right. I meant to say there are groups capitalizing on the situation
SVB blew up chasing yield with risky assets to juice corporate profits. I haven’t seen people calling it an exit scam, just terrible governance. Not entirely unlike FTX.

Not sure why anyone who withdrew should be subject to clawbacks. What law did the break? SVB caused the bank run, it wasn’t some meme driven panic or coordinated effort.
Also interested. My email is in my profile.
Check out the Madoff documentary on Netflix, there are interviews with people who had exactly that happen as they clawed back funds to try to make everyone whole.
Total CO2 seems to be for the flight, rather than per passenger ? That might be a good idea or a bad idea but, for me, it would seem to be more suited to private jets rather than scheduled flights ? I'm really not sure, it's for the writer to say.
> In my personal, subjective and very non-prescritive experience, unit tests aren't very useful for much.

Why is that? In more functional oriented languages, they are great because they allow you to verify behavior of functions. Then in the broader application, you're just composing pieces that have already been validated, and the compositions can also be tested. If you're able to incorporate property-based testing, then that's even better.
FAQs – Late Payment of Wages (California)
Um, I just wanted to let you know that I had never considered that anyone didn't know that slang.

So, thank you for that data point. There's such a big world out there!
I think it makes sense. If some banks are too big to fail then they're too big to lose customer deposits because that means they're a failed bank. The only way out of that logic trap is if the Feds are willing to bail out the bank but not the depositors. That seems like a politically very difficult thing to do.