skysight-inc/HackerNews huggingface dataset:
> Why on earth is asking such an absolutely necessary question a bad faith thing :/

I think the issue is the way you phrased the question. The use of the word "imaginary" is dismissive. You are asking sensible questions and I agree scepticism is important for new things. But careful use of language so as not to dismiss people is also important so as not to alienate people during an important debate.

It's similar with how you replied to my comment with "please do be careful", you may mean it but it can come off as condescending.
I'm pretty baffled to see so much of this on HN. Like a whole lot of people here, I've worked at startups for my whole career. People here are effectively suggesting that I shouldn't get my paycheck and that the company I work for should lose most of its money because our CEO used a well-reputed bank?

Absolutely wipe out the equityholders of SVB. They deserve nothing, because that's what you should end up with if you own stock in a company that goes bankrupt. Claw back executive pay if that's something you can do. But kill a bunch of startups because of their choice of financial institution? I just don't get where that comes from.
You really think the FDIC limit was $250k in 1933? I mean go ahead and google but you should have been able to intuit this one.
> A lot of people would be willing to..

Sure, for a couple of years, when you're young and just using your house to sleep. Problem is that people who are not willing would also end up in these semi-houses.

> What if windowless apartments had a built-in 12" video wall

That would look really cool, but would do little for receiving the health and mood benefits of natural daylight. Or for the sense of being connected with whatever is out there.
I don’t agree. I diversify by using two small local Credit Unions. I also use a large bank for specific services.

Local Credit Unions and small local banks rock.
The moon’s escape velocity is 2.38 km/s (5324 miles/hour), so it just depends on whether or not the material reached escape velocity or not.
Not in any meaningful sense if you are only looking to park the money safely and hold to maturity.

Buying 3 month T bills won't pay much, but it will pay more than the interest SVB pays on your checking account balance and importantly is backed by the full faith and credit of the us govt.
Doesn't read as AI generated to me, more like English language marketing copy from APAC.
> Anyone arriving at the U.K. border by air or rail without an ETA will be turned away, including if they arrive via Ireland but are not Irish or British citizens.

This is contrary to eg BBC reporting which says that Irish /residents/ departing from Ireland also won’t need an ETA

Edit: which makes sense, because you often arrive as a domestic passenger when arriving from Ireland, with no passport checks (except for a couple of police occasionally, who pick out certain people for some questioning), so who would be checking the ETA?
they'd all set maximum balances instead
Agreed - I've managed to switch for breakfast cereal, but can't quite find something that works as well for coffee. Hazelnut was my favourite, but still not quite as good
In my opinion the article is great meanwhile ChatGPT made 4 significant mistakes in a single sentence. “almost identical” “early humans” “, which suggests” and “searching for food”

I don’t think that says as much about the algorithm as way people are doing evaluations. So yes people might mistakenly use “early human” when describing what was around 3.3 to 1.6 million years ago but that doesn’t somehow make it correct to do so.
Yeah, I can’t blame them at all for joining an ongoing bank run.

I can kinda blame them for starting one because they did it so aggressively, but only a bit, because that’s just how internet banking works these days.

I can definitely blame them for demanding the taxpayers make them whole by 9am next business day.
How are you getting to an at best break-even?

Looking at the most recent 10-K (12/21), if you have more recent figures I’d be happy to use those:

Total deposits: 173.109B
Total assets: 211.793B

Of the assets, those that the government would actually care about in a takeover:

13.8B cash
26.1B available-for-sale (presumably marked to market, so that’s supposed to represent today’s sale price)
91.3B held to maturity securities (these aren’t marked to market AFAIK, so this represents the value if they’re held to maturity not sold today)
73.6B in loans net of loss allowances
Total: 204.8B

There are also a few billion of non marketable securities and “other” which I left out.

Granted, some of this has already been liquidated, but if the government paid out depositors one-for-one, and held the rest of the book to maturity they’d make 31B. That’s basically the same argument employed when stating the government “made” money with TARP.
Yes, like https://pipe.com/ for SaaS companies! In fact, maybe pipe could do just this!

(Assuming pipe didn't have all their money in SVB...)
Nutrition does not equal caloric intake. There's minerals (calcium being an important one) and vitamins (especially fat-soluble ones A-D-E-K) as well as thiamin, riboflavin and vitamin B12. It also contains quite a lot of energy in the form of sugars (lactose) as well as fats but as you already stated this is not the reason why most people use dairy products.
>It is understood the U.K. has ambitions to eventually require all travelers to submit fingerprint biometrics ahead of travel and is working on a scheme that would see this submitted by smartphone.

Wait, can they even do that? Can the government make an app that can beam the fingerprints read from the fingerprint sensor phone back to them? AFAIK the biometric data is stored in the phone's secure enclave and can never leave it (barring any exploits).
Nobody is saying that depositors shouldn't be at the top of the line. They're saying that if there's not enough money to pay back even them, the goverment shouldn't jump in to make up the shortfall (beyond the $250K it has insured).
> Also working from home is not as productive.

I'd like to see your data on that. When covid hit and sent everyone home I was working in the Danish public sector and we saw an increase in productivity. People worked less hours, or at least, they were using their computers for less hours, but they delivered more.

It probably would've lead to reforms if it wasn't because the employee satisfaction didn't do equally well. As you might imagine, covid was hard on middle managers, but it also turned out that quite a lot of employees (public sector might be very different than tech) got very lonely while working from home every day.
Lacan was much influenced by Hegel in his philosophical foundations, or rather, by the French interpretation as by Alexandre Kojève (who was in turn inspired by some, who started rather in a Neo-Kantian tradition, like Heidegger and Alexandre Koyré.) Moreover, Lacan had quite extensive empirical ground (having worked in psychiatric institutions for quite some time) and was informed by the state of art in Cybernetics and nascent AI research. (E.g., his prime example for fascination was derived from interlocking automata.) What all these have in common, is that reasoning about conceptuality, language, consciousness, expression and ethics, even hard along the edges of what is called the "language barrier", isn't exactly new. (Also, I'm personally part of a European tradition and can't help it.) Last but not least, there was already this post-structuralist notion of "text", which emphasized how text was essentially writing itself, without suggesting that this would imply us letting go of our agency.

Anyways, what I tried to suggest was that there is some base for reasoning that what we're encountering here is more like a cargo cult of conceptuality than conceptuality itself at work. And that it is still on us to decide, if want to be persuaded by this to land our planes of reason next to it, or not.
These are start ups and people with connections to VCs who get free money to do all kinds of moonshot businesses. Start ups are basically pet projects of rich billionaires.

The majority of people in the world don't have those connections or opportunities, so there's definitely hate.
How do you become aware of these programs and initiatives and their level of preference in the eyes of the school? Do you happen to have personal connections with people in the school administration or admissions office and find out by word of mouth? Or are you trying to infer what's important to them from some publicly-available information like the school's website/newsletter/twitter/press releases?
I use plain-text files stored as markdown to write notes. I have the note taking program open all the time. I revisit and refine my notes often as needed. I dump thoughts that distracting me from my current activities. I write often and it helps keep me grounded. This feels simple and efficient for me.
> If someone’s bank goes bust they can loose a much larger proportion of their wealth

But only if they decide to hold their wealth in uninsured deposits to save money or effort.
Even as an individual with not a lot of money, I think this is prudent. When you give your money to a bank, they effectively give you back an IOU.

And while most of the time they can make good on it, sometimes the investments they make with your money are risky, short sighted, or just unlucky.

In any case, don’t put yourself into jeopardy by not having other options.
There are literally stickers on the doors of every bank explaining that depositing money beyond $250,000 incurs risk.

These naive smol bean founders don’t struggle to figure out the most tax advantageous way to get paid, let’s not pretend they’re too stupid to read a huge sticker.
Bright Star Catalog–9110 stars visible to the naked eye
Screw that - the other day I realized that it's cheaper to buy an Intel A770 ($350) with 16gb of memory than it is to upgrade a Mac Mini with 16gb ($400) of extra memory.

Apple's optimization here is nice for the people who own their hardware, but it's totally silly to read through the comments promising the end of CUDA.
So now NFT's are being added to the bitcoin blockchain through the use of something called ordinals. NFTs are still dumb but at least they don't have to rely on a third party hosting solution.
Technically very easy. Legally? I dunno, maybe?
The $250k is the protection floor, not the ceiling. The FDIC guarantees that $250k, but SVB has assets well beyond $250k per account.

The FDIC is in the business of protecting depositors. So it will pay out the floor immediately as a matter of course, and then will continue to use the tools it has available and the remaining assets of SVB to pay out more — perhaps 100%, perhaps some amount less — to depositors.
Put down a large retainer on a legal team. They were already insolvent. You can’t just solve insolvency
Yes, issue for the depositors is how long it might take. Digging through the closed banks history at the FDIC is fascinating - https://closedbanks.fdic.gov/dividends/

Sometimes up to ~75% of the funds is paid out within weeks of collapse, but for some banks it’s only 10 or so percent. Most of the time it seems to end up with over 90% being paid out (sometimes it’s 100%), but the payments can come over ten or more years!

Often seems to be one within weeks, one in the next month or two, and then the payments seem to start coming every three or so years.
I have a really dumb question. If my spouse and I have a checking account and a savings account at the same US Bank, does the 250K limit apply to the total of both accounts or each account separately?

Say we have 200K in checking and 200K in savings. Would we get 400K from FIDC or just 250K total?

Thanks
Yep, we are on the same page. No issue with an orderly, open market asset sale and pro rata distribution. That’s how the system is supposed to work.
The cost of the ETA has not been confirmed but it is expected to be in a similar range to those schemes. The U.S. Electronic System for Travel Authorization costs $21.

The European Union is set to launch its own digital travel authorization scheme, called ETIAS, for visa-exempt nationals in 2024. It will enable travel within 30 countries.

This isn't a UK thing, I expect most developed countries to adopt such things in the coming decade. The EU one is supposed to be like $7 and be valid for a bunch of years at a time, but these fees are going to add up if you travel all over.
> Depositing money in a bank is not supposed to be an investment with associated risk.

Says who? Why do all the signs in a bank specify $250k then?

What if the 22 year olds also thought that when they borrowed money to get their degree?
I don’t even have a problem with commercialization, it’s just that the incentives need to be clear. Everyone defaulted to ad supported content because it was just the default. It takes a lot more time to build up your own revenue base but I think this is an important trend going forward. Kagi.com in the world of search is one example of a long-overdue approach to that market.
This is not a good analogy. The infrastructure, e.g. roads, is the one thing we all already do pay for via our ISP. It's the store fronts and movie theatres on the road that we want to be free, that are currently paid for by ads.
I think those ambitions will be downgraded when reality hits.
ooc why is unlimited deposit insurance a bad idea? A quick Google search didn't have many results, except some brief articles about section 343 of Dodd Frank (which itself seemed limited in scope).
The advances of technology allow us to live comfortably in tall buildings with little overall footprint, so that vast areas could be dedicated to greenery and rescinded to nature—which would in theory benefit the climate globally, while also being easily accessible in person (as in a decently planned dense city public transport can be mind-bogglingly fast and efficient).

Yet for some reason many people seem to have a visceral rejection of a future like that. What is it motivated by? How could it be possible to make the idea of high-density living more accepted by the public?
It will be interesting to see who else is struggling as I doubt svb are the only bank that went long duration to try and eek out some yield.

Here in the UK there was a pretty explicit choice to watch medium sized (still huge for a mere human like me) banks fail but to bail out large ones. I guess that's fine from a short term, pragmatic sense. Not sure what it does for long term competition but c'est la vie.

I believe bailouts are usually kept secret as telling anyone (a) makes banks less likely to ask for one and (b) then causes a run pushing up the cost of the bailout. The conspiracy theorist in me wonders who has been given a below-inflation "loan"...
Flattr 2.0 has introduced an alternative that starts with a set monthly payment and splits it to all the (sub)websites you wish to fund.

And compatible with all browsers taking extensions, and 2 years before Brave, but it still requires client-side tracking and monthly upload of aggregated data :

https://www.ctrl.blog/entry/flattr2.html

Also Francis Muguet (RIP) and Richard Stallman have been advocating for a taxpayer(ish) & government(ish) solution 14 years ago :

https://www.stallman.org/mecenat/global-patronage.html
Neat, it's like desalination of ocean water to remove salt but deco2ination of the air!
> what's the purpose of saying "FDIC Insured up to $250k"

The FDIC guarantees up to $250k, but if additional assets are available beyond that, then those will be paid out to depositors as well. It's a floor, not a ceiling
Ask HN: Do you think ML model weights are copyrightable?
With the leaking of Facebook's LLaMA model and the seemingly endless copyright drama surrounding Stable Diffusion (but oddly not DALL-E), I pose two questions:

1. Do you think model weights can actually be copyrighted?

2. Should they be?
That looks well thought out. I use a QWERTY layout with similar reasoning applied to the Option/AltGr levels (but entirely different in specific placements) and I routinely type various dashes and quotes without conscious thought, any more than I consciously think about Shift-level punctuation.
I’m going to guess this has little to do with whether you were watching TV and everything to do with whether you’re a highly connected billionaire.
> pointless rules for insufferable pedants to power trip over

The perfect topic for HN!
Is it accepted as pareve?
All of those VC-backed companies are out there spending that VC money by paying it to employees.
Fascinating solution. does anyone know how much they cost? How do they handle in humid or wet conditions?
I understand your perspective, it's absolutely right to insist on security in a corporate environment. I have also seen the other side as a developer and saw it happen a number of times. Understanding why it seems tempting to developers is probably the best way to fully get rid of it (although you might be doing so already, probably no way to fully get rid of the problem). The reasons I've seen usually were:

- Undocumented or unknown processes. Many enterprises have a discoverability problem regarding almost all information, and as somebody that frequently required some special support for my work, it often took shockingly long to find a person who knew how to find the information in the respective intranet. It's important that not only are the services available, they also must be discoverable and known.

- Complicated processes. A portion of developers that require these services are using them for the first time, or have used them without fully understanding and considering the implications. If the process for requesting support is too complicated (e.g. requiring a form where you either require very detailed information without assistance on how to find it, or - the worst case - a form with fields where the people responsible say "oh, just fill it with random stuff to keep going") it will make some people choose the less secure way to get going with work.

- Long processes. If a developer wants to use such a service and it takes weeks to months to receive support (e.g. overload of tickets, or the only person responsible is on vacation) it sometimes leaves little to no choice.

But again, definitely not advocating for circumventing security!
Or better yet, keep less than 250k at each institution.
Not many people want to sit on slowly-rising gold for 20 years. People are often trying to find high-yield, low-risk compromise so they are trading instruments and switching between them instead.

The point is that it is very difficult, practically impossible to time the market. So the commenter was right - he got lucky that one time.

And if you were trading in the markets for many years, you would see that occasionally you would be lucky too. But unless you employed some kind of risk and money management, the other times where you would be wrong (and those times would definitely happen as well) losses would cancel out all your lucky profits.

I was lucky a couple of times too and it means nothing.
Easy how? AFAIK there's no API to read the biometric data from the secure enclave. The secure enclave will only validate if what the fingerprint sensor reads matches what it has stored internally for authentication.
Tucker Carlson’s Signal account hacked prior to Putin interview
No one is going to touch a bank while people are literally lining up to withdraw all their money no matter what their asset book looks like
Employees Are Feeding Sensitive Biz Data to ChatGPT, Raising Security Fears
From the Face The Nation transcript -

MARGARET BRENNAN: For those depositors, about 85% of SVBs accounts were uninsured. And, as you were saying, a lot of different tech firms relied on them. Do you believe that depositors should be paid back in full? Will they?

SECRETARY YELLEN: Look, I'm not going to comment on the details of the situation at this point. I simply want to say that we're very aware of the problems that depositors will have, many of them are small businesses that employ people across the country. And of course, this is a significant concern, and working with regulators to try to address these concerns.

So that means (if the other numbers above are correct) that there should be approximately $150 billion in assets that are currently uninsured. The risk of contagion may be less than during the 2008 financial crisis if there is less counterparty risk (banks owing other banks assets and no one understanding who owns the underlying). There would be a problem to the extent that VC firms may go bust and this trickles up to hedge funds and larger institutions. That risk is hard to assess and asset holders have every incentive to claim that risk to be high.
The 250k FDIC limit is just what they guarantee. If the bank has enough assets left they will pay over the limit to make depositors as whole as possible. Plenty of information on this topic in threads over the last few days.
My last cubicle had it's own meeting area, 2 chairs and a door. Granted that was many many years ago before open floor plans. Humans want privacy which is one of the reasons work from home is so popular and why people are more productive working from home.
Difficult... but hungry? We're getting there step by step.
I didn’t say that? I asked, what’s to disincentivize executives if the Fed backstopped all depositors money, now and perhaps in perpetuity? (Forgive me if I misinterpreted your position here. I have also edited this post for clarity.)
> Go visit any good law firm or CPA firm.

Do these companies hire thousands of employees a year? I doubt that.

Private offices for everyone just doesn't scale at the same growth rate of tech companies. Where would they realistically fit thousands of new employees per year if everyone had their own office?

> I benefit from my equity holdings in tech companies. They are choosing to give that money to me in valuation instead of building out proper offices.

And you expect the buildings to just magically expand for new employees? I'd rather not take a pay cut, and "settle" for comfortable cubicles. Or better yet, work remotely, and get a raise from the money the company is saving on not having to pay for my office space.
Another proof how smart this guy is ? Or for those who hate him, he might be te reason of its collapse
The InfoMagic setup for Slackware went with a floppy for setting boot and lilo and the cd for the rest. Looking at the CDs now, the 1st was Slackware, and others were RedHat, Debian and what appears to be a dump of mit.edu, sunsite, and also GNU and X. I don't think I ever managed to install anything out of those. In 1995 I had the will but far from the knowledge to do any of that. The booklet also just went through the Slackware setup, and not any of the other distros.
https://ghostarchive.org/archive/dSEmg
there's no incentive for a browser to stop consuming if the OS lets it. If you can open infinite tabs, and each tab takes N amount of RAM, and the OS says here you go... same with photoshop and final cut, you can keep opening more docs and more movie clips.

Imaging getting an OS message "sorry, even though your computer has 12 more GB of ram available, this program has used its max. Allow more?" people would ask for this message to be disabled and the allow more Yes option be the default.
This. I'm afraid that Garry and others are exaggerating the situation to make a case for their bailout. They're freaking people out rather than helping them work the problem.

This has real consequences. The FT reported this morning that companies are selling SVB deposits for 50%-65% on the dollar to make payroll. That is a HUGE mistake, but understandable for some 25 year old naif who's been told the sky is falling.

https://www.ft.com/content/3c6551ff-9778-4713-afc5-f87ba0bb8...
I will do just that. Good idea.
The page banner / preview image shows the Tacoma Narrows Bridge, and so I clicked in hoping to see some wisdom from a building architect or structural engineer. I am very disappointed to just see something written by MBAs to MBAs ...
Roblox has $150M at SVB out of their $3000M cash position. They’re completely fine.
Brex Devalues Rewards