skysight-inc/HackerNews huggingface dataset:
Regardless of her particularities, I believe this is a risk all startups take. Profits are privatized, why should their losses be socialized?

> The financial future of my company, team and family are at risk w/ the collapse of SVB

This is a risk she took when she quit her perfectly well paying job:

> My husband and I ran the numbers. Even though I was an equal wage-earner to him, I could quit my job and write the first $10K check to start Strongsuit. We could cover 18 months of no income from me. It was a huge bet for us. It had to work.

With current levels of inflation, I doubt anyone in the bottom 50% of Americans have anywhere near $10k liquidity. Nor would I expect anyone in the bottom 70% to have enough savings to be able to live for 18 months without income.

Is it fair to have them bear the financial burden of repaying your entrepreneurial losses?
what's TF?
https://www.smithsonianmag.com/smart-news/first-self-cleanin...
When you can't get gas for your car, it's a large, heavy, utterly useless pile of metal.

When you can't get electricity for your e-bike, it's a large, heavy, but still functional bicycle.

If you build your society around automobiles as a form of transportation, you become critically dependent on enormous supply chains beyond your control. Collapse those supply chains, and modern America would be uninhabitable without the automobile.

If you build your society around e-bikes as a form of transportation, you'll be... Mildly inconvenienced if those supply chains break down.

One of the factors that many Amish groups use when deciding to adopt novel technology is determining how reliant that would make them on the outside world. Automobiles generally have a very hard time passing this test. Bicycles, and electric bicycles have a much easier time.

I've also never heard of having no choice but buying into a predatory 20% APR loan to buy a bicycle.
I'm pretty sure there's a mistake here: https://github.com/cocktailpeanut/dalai/blob/main/index.js#L... , there's a ${suffix} missing

It causes the quantization to process to always use the first part of the model if using a larger size than 7B. I don't even know what this stuff does, but I see the ggml-model-f16.bin files have ggml-model-f16.bin.X as well in the folder, so I'm pretty sure this is a mistake. Maybe it's causing the loss of accuracy?
Related
https://www.aljazeera.com/news/2023/2/22/s-korea-breaks-reco....

https://cosmosmagazine.com/science/mathematics/calhoun-roden...
I have to admit it's been a very long time since I've binged on video games - I couldn't even imagine doing it now - akin to going on a drinking bender. Just no allure or attraction to it. Helps though, not to own a TV, or a console, or a controller.
To many of us, a bailout is whenever the consequences of one's decisions/actions are set aside to avoid the logical negative outcome they would have otherwise experienced. What makes this more galling[1] is the fact that this new platinum FDIC coverage plan doesn't cover everyone at every bank, merely those who are anointed as 'systemic risks' (way to put a new label on 'too big to fail') Then to make it sound like this is all being paid for by all the other benevolent banks is just insulting.[2]

[1] Beyond the group primarily benefiting are exactly the group who should well understand something as basic as FDIC coverage limits and supplemental insurance.

[2] While it is technically true that the taxpayers will not be directly footing the bill, they neglect to mention that as soon as said taxpayers put on their consumer hats, they will in fact be paying for this in the form of increased fees/decreased interest rates on deposits/increased borrowing interest rates, no matter how slight.
When did SVB insiders begin to realize they were in trouble?
Amish have self driving vehicles, while we still struggle to develop anything close to that kind of tech.
I concede that edge case. My dad hides cash in coffee cans.
"Beautiful" is quite subjective... Especially in regard of terminal UI...

Or rather beautiful in what sense? Source code, architecture, or what?
The bank did fail. The OP literally is a press release stating that the bank has utterly ceased to exist as a business and that the FDIC has established a temporary one in its place, while they look for another bank to buy the remaining assets. Shareholders are getting precisely jack shit.

So many people here are just imposing their incorrect assumptions about what's happening over the facts of what's actually happening. There's plenty of legitimate anti-government arguing about regulatory-capture to be done in other threads.
They're The Same Picture.gif
It's not definitive, but AMD also had a capacity shortage so they allocated their capacity to more profitable Epyc.
Yeah, as a non-native speaker, I was a bit confused about “demographics” as well. What did I expect? Nothing. It’s only felt “off” with stars and demographics. A “characteristics” or distribution on the other hand would click immediately. (If we have to nitpick about the title ;) )
Considering how much you like to ask these questions I'm surprised you don't like answering them.

I don't agree that follows from my statement though, no.
> Never mind the fact that low birth rate is a consequence of higher education + extreme hours + bunch of other contributing factors.

Not sure about the extreme hours thing, since Europe is following the same trend while not having remotely as many hours at work as North-East Asia
To continue your cell phone analogy, this could easily be like the 'number portability' regulation that was simply passed on to consumers as a fee that vastly overpaid for the cost and now represents almost pure profit for carriers.

Banks are too smart to make it that obvious, however. They'll wind those fees in silently.
I disagree; if anything, they should lower the limits of coverage back to $100k. Anyone too stupid to diversify their savings across multiple banking institutions deserves to lose their money (over the limit) when the bank fails. Regular people with less than $100k in cash savings shouldn't have anything to worry about; that's why the FDIC exists. For people with a lot more money, it's not the taxpayer's job to protect them from their own stupidity. Any competent financial advisor (who high net-worth people should be using anyway) will tell them to diversify. And by keeping that much cash spread out over different institutions, risk overall is lowered, not just for the individual, but for the whole system.
To play devil's advocate:

Toilet paper consumers should know the risk of not having 30 rolls of toilet paper stashed at all times and should face the consequences for that risk.
$0.79 - $1.66/logo seems really high for AI-generated pics. I think it should be like $10 for 100 logos. Maybe $6 for 50. Bundles less than 20 are too small; AI image generation isn't that good yet.
Is this serious? You started a chicken farm or something?
>One of the big "lessons" of the 2008 financial crisis was the need to mark assets to market value, because otherwise, the banks were reticent to admit that their worthless assets were, in fact, worthless.

This is not about 'worthless' assets. This is about, say, 10 year US treasury bonds, the safest investments in the world, losing current market value because of interest rates raised by the Federal Reserve.

The intent is two fold, not only saving banks, but also making sure that long term bond's interest rates don't go higher because of lack of demand. That will have repercussions like municipal bonds not getting buyers except maybe at high rates, etc.

>So I find a certain amount of amusement in the government saying 15 years later in effect that mark-to-market is a bad idea and needs to be avoided to prevent financial problems

They didn't say that, they're creating a narrow exception in their books. Mark-to-market will continue to be used everywhere else.
There will be no centralizing Asian power in the long run (this century). China has a fair bit of influence now, but with all the domestic problems it has, it cannot remain stable for much longer and is in for a long, irrecoverable decline.
> In some ways, doesn't this put the Amish squarely in the "hacker" demographic?

Yes. You might enjoy this article [1].

[1] https://kk.org/thetechnium/amish-hackers-a/
Try searching for "reinsurance" as in insurance for insurance, Swiss Re and Lloyds of London are the two big names I can think of, I don't know much other than that.
This pointless PCMCIA removal (don't touch it if not broken, typical Linux) is going to leave many machines w/o a NIC.
If you like seeing how other people have extended Emacs, then I recommend reading the source code of existing Emacs extensions. Emacs comes bundled with more than a million lines of such code you could read, and there is another million or so available to download from the package archive. There really is no shortage of examples to choose from.

Also the Emacs Manual and the Emacs Lisp Manual, which come with Emacs, very thoroughly document the Emacs extension interfaces.
I know your examples are intentionally extreme to prove a point, I'm biting anyway.

Parenthetical type grammar with an explicit start character and end character is pivotal for encoding information unambiguously. You can't replicate that with any system that uses the same characters for the start and end, because it would be ambiguous as to if you are starting a nested context or ending the present one. Double, single, and even the rare triple quote allow for nested quotation. In principle a clean open and close quotation mark would also solve this (no subtle pixel hunting). You're right that we don't truly need four redundant variations on bracketing, but reducing it to just one is probably too few as it would be representing too many possible things at once. How about one pair for a narrative context (aka a quote), one pair for linguistic recursion (like I'm doing right now), one pair for collections of objects such as a list or a set. Colons probably could be skipped, everything beyond that is strawmanning me. A certain small number of delimiters / particles / whatever are needed to have expressive completeness. You need to be able to build sequential lists, unordered lists, one of several possibility sets, and / or / not type relations. In other words, a natural language at the very least needs some sort of regex subsystem, but it need not be much more more sophisticated than regex. I'm not a grammar denialist in fact quite the opposite. I want the information coded in simple grammar rules, not ad hoc arbitrary tables continually expanding.

I say this as someone who had a 12th grade vocabulary in 5th grade and its only gone up since, vocabulary is a waste of time.

Actually, I'm almost with you on 'c', but I'd rather throw out 'k' because its one of the few that don't fit on a 7 segment display. Capital letters also don't add much information. Yes actually, I'm fine with all of those going away. I couldn't tell you why the people who design way finding signage avoid serifs like a pox, yet other design fields refuse to read without them. With or without seems to read just fine. I really don't care too much either way. Letters would be better if they all worked more like EFHLT. Right now, too many clashing elements. Some are boxy, some are round, some have sharp diagonals. I'm not saying it has to be a 7 segment design, but it would certainly be pleasing if learning the alphabet, its ordering, how to write it, could all happen much faster by just noticing a few easy repeating patterns. Yes actually, lets do language reform.

>It seems to me that many people seem to draw a line between what is acceptable and what is not based on whatever they are comfortable and familiar with by the time they reach the end of their schooling.

Well I'll agree with you there. All to often pointless pedantry comes down to "my school must be right otherwise I am wrong". Love or hate my reasoning, at least you can't accuse me of doing that.
The bank isn't being bailed out though. The depositors are being covered by FDIC in the short term, while FDIC will sell assets seized from the bank. The bondholders and shareholders will take the haircuts. If that's not enough to cover the depositors, banks will be given a special assessment.

The banks left standing will be made to cover the deposits, insured or not, of other banks. It is rather remarkable and I'm not entirely certain it'll work - at what point the special assessment could be unsustainable. Presumably this special assessment isn't instant, and FDIC could just use accounting to make it politically and legally valid to consider it as a non-public and industry financed private bailout.

shrug will it work? I don't know. It really better.
The moralizing libertarian FAANG employees always come out of the woodwork for these threads.
I don't have the script anymore but when I was an intern at a regional hospital system ~10 years ago they were running into problems with an old wireless system where after a certain global client count and AP uptime APs would stop registering clients or roams. At the start of the day everything was fine, by night some random wireless tickets were coming in, and by next morning everything was on fire and thousands of APs worth of Wi-Fi was useless. The wireless lead was sweating bullets trying to get the vendor to figure out what was wrong but the product was nearing the end of its life plus having transitioned between companies in its lifespan so support wasn't great. As a stopgap he'd stay late and reboot all of the APs from the controller at night. It'd take about 30 minutes for everything to process and the doctors/nurses would still raise hell but a scheduled blip at night was better than everything being broken in the morning.

We had great AP density so by the 2nd night I started working on an Expect script that would log in and boot 1 AP at a time per floor-building combo (multiple areas simultaneously), wait for them to come back, wait about 30 seconds, and move to the next AP on each floor. At first I did a dry run where the reboot was commented out and the "is it back yet" was delayed by a short timer to simulate a reboot delay + make sure the script would really run without a login timeout or something stupid. This would take a couple hours but it was better than taking everything down as clients under the specific AP being cycled would just roam and have a weaker signal for a minute (assuming the system had been booted the night before). We ran it the 3rd night in place of the mass reboot and watched it carefully. It went great so we left it to run every night. We had the nightly notice from an outage to a potential outage and stopped getting complaints because, except for a particularly unlucky laptop in a corner for 1 minute, nothing was really out of the ordinary. At this point we knew we were buying a brand new wireless system that fiscal year (already in the budget) so we ended up just riding the year out with this script.

In all it was a lame reboot script shorter than the table containing the lists of APs to boot 1 by 1 but it probably had more real impact than any fancier scripts/tools I made while I was there.
As an employee of an otherwise decent company who happened to bank with SVB, I was mainly resentful of being stuck in the same boat as the latter group
You'd assume people in a business like finance or health would have rules about what kind of software they can use.

I know people who work for Bloomberg and big banks have strict rules about what kind of software they can install on their laptops (one person at a big bank got permission to use a python package I wrote)

In an environment like that they'd treat using a file conversion web site the same way. But I'm sure somebody out there is running a file conversion site that's there for intelligence gathering and some fool uploads something they shouldn't every day.
they purchased 10 year treasuries and 15-30 year MBS. This is pretty irresponsible, a normal bond manager not yield chasing would have had a decent component allocated to 1-3 year treasuries.

You can literally call up your 401k/403b provider tomorrow and ask for the bond fund/portfolios/allocations available. See if you can find any bond fund with no short-dated maturities.

It's equivalent of having a 100% tech stock portfolio and not hedging sector risk. Maybe it isn't as irresponsible as going 100% into a single stock ticker, but it's still extremely irreponsible
Looking at other banks that maybe be in a similar position and taking prompt action is competence to be celebrated, I view it as more evidence that despite weaknesses in the regulatory framework they are not in a tough spot at all. They know they can act decisively without fear.

A tough spot would be an environment where they let the SVB situation drag out and didn't act on Signature until a run was in motion and had both to deal with at once.. then they would be fighting to restore confidence.

If you look at the numbers from 2007-08 and this stuff, plus the much tougher regulatory environment (despite SVB's ability to fall under a lot of thresholds) there just isn't the sort of systemic risk at play here that folks seem to be implying. Also this isn't a replay of the S&L Crisis of the 1980's because those lessons were actually learned but some institutions are still going to screw up because a rising interest rate environment is still challenging in the current regulatory regime.
I think that's stretching the term. Self reliance is part of a lot of ways of living but central to 'hacking' is transgression of boundaries and repurposing of tools in unorthodox ways and that's very far from the Amish spirit. Hacking inherently has a tolerance for risk and experiment that conservative adoption of tech tries to avoid.
I'd give up arguing with people about it! I agree web tech is going to stay on the desktop, so I'm happy to let them whinge at the moon while I continue to use sofware on Linux I otherwise would have no access to.

And it's only going to get better. Tauri's promising. I don't know any more than the next punter what the future will be, but my own guess would be web tech getting more significant in desktop UIs, not less. The combinatorial explosion of multiple OSs plus fragmentation of UI toolkits on each desktop platform seems to make web UIs a likely continuing target of choice for many apps. No-one will stop using software they like or need because someone they will never meet dupes a sneer about it on the internet.
Popsicle Wisdom with Podcaster and Psychotherapist Helen Garcia
I suspect the poster saying "useless" meant to be ironic.
If I run a company that has a payroll of millions, where do I keep that cash until I can issue all the checks? It's not like I'm going to sell a bunch of bonds every two weeks to meet payroll. I'll never have to worry about this, but with the tiny bit I've learned in the few days... now I'm curious to understand how large amounts of cash are kept on hand for situations like this.
> Just take GTK vs Qt.

You could, but it's not exactly a great comparison. Contrast with Apple's history of HIGs and similar for a company that puts effort into consistency. Where's the equivalent in the TUI?
Terraform, most likely.
No, this has the power to cause the fire to get much larger because the shout gets heard way outside the theater.
Gresham's law: "Bad money drives out good [money]"

https://en.wikipedia.org/wiki/Gresham%27s_law
Since I don't need a lot of HTTPS development servers, but the few that I do need, need to have a fixed domain name, I simply configured nginx on one of our servers (not the production server, of course) to proxy to a localhost port and then do a SSH tunnel to that server and port from my development PC. Good enough for what I do. Though I should look into auto-ssh some day, because the SSH tunnel keeps dyeing.
not to be pedantic, but my understanding is their value dropped because the treasury is selling higher interest bonds. Why would anyone buy a low interest bond at face value when for the same-price purchase a high interest bond?
> The FDIC named Greg D. Carmichael as CEO of Signature Bridge Bank, N.A. Mr. Carmichael recently served as president and CEO of Fifth Third Bancorp.

Thanks for not picking me; I am relieved. I have a terribly busy schedule and couldn’t possibly deal with the inconveniences of such a massive salary and accountability to the American taxpayer.
"Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks" - a "special" money printer?

"U.S. banking system remains resilient ... due to reforms that were made after the financial crisis " - more lies.

Majority of US banks are not required to follow the NSFR or LCR standards at all. Fed took advantage of the fact that the Basel Accords are only internationally agreed to apply to “large, internationally active” banks. While most jurisdictions apply the Basel rules to their entire banking system anyway, the US has a strong and powerful community bank lobby, so only the largest international banks were subject to the full Basel NSFR requirements.
This.

It makes sense that someone with $1.000 shouldn't have to worry about T-bills, interest rates or splitting his risk across multiple banks. The $250k more than covers that.

But someone that has $250m should be able to understand that money is not really the same at such scale and that storing it is not possible without exposure) to interest rates. He can buy T-bills, sweep accounts, or take the risk. But when your wealth is a few millions or you are managing a few hundred millions, you should know (or your money managers) better.

Welcome to the new old world. Crypto is pumping 10% this morning on this news.
Good question, how many homeless people are there in China right now?
It's a great example of how pretty much everything we do is done with some kinds of constraints, even when we don't actively think about them.
> From the perspective of just the people working at SVB

Who had the former CFO of Lehman Brothers just before it collapsed on their executive team? These people will continue to fail upwards with taxpayer support as they always do.

See you in ten years when he's involved in the next one.
> unless you are a web developer and have Stockholm syndrome

Reminder that “Stockholm Syndrome” is not only universally invoked as a dismissive, thought-terminating cliché, it was also literally invented out of a whole cloth for just that purpose, as a pretext for dismissing legitimate criticism by a person with significant responsibility for the decision being criticized.
Request for startups: a bank that doesn't gamble ("invest") with your deposits.
The UK NHS budget has been steadily increasing. You can't plausibly claim that the Tories have defunded public health over decades. Some might claim that the funding should have increased at a faster rate, but there are limits to what any society can spend on healthcare.

https://www.kingsfund.org.uk/projects/nhs-in-a-nutshell/nhs-...
Good poem. Appreciate you giving credit where its due. ChatGPT basically designed two websites for me recently and I gave credit where it was due too lol.
Sweet! Thanks so much :)
To me it seems like it is confirming the quote that he was arguing against.

Also, here is a POTUS tweet taking credit for a literal depositors “bailout”.

[0] https://mobile.twitter.com/POTUS/status/1635080376572956672
Another concerning factor is that many large VC firms sent emails to their portfolio companies (hundreds or more at a time) warning them to withdraw funds, triggering the run.

An alternative could have been for this group of already closely connected individuals to call an emergency meeting and agreeing to send the opposite message to their portfolio companies to avoid the crisis. Given SVBs issue was really about profitability and not solvency without the bank run.

I'm skeptical a real lesson will be learned here, and we lose the opportunity to build scar tissue. Instead, we wake up from a nightmare, brush it off, and move on.
Ignoring of course the very many ways they are reliant on the outside world for their lifestyle to be possible.