skysight-inc/HackerNews huggingface dataset:
With this being the top-voted sentiment we are so very, very fucked.

In the 2009 crisis the banks got bailed out because we were in the position of very nearly breaking the buck on money market funds. The interconnectedness of the entire financial system meant that we were plausibly looking at a situation where most businesses wouldn't be able to make payroll soon. ATMs could start to not give out cash. The whole short-term lending market was in danger of freezing up solid.

The lesson from that seems to not have been "we need to regulate things better up front so companies cannot make bets that place the system at risk and imperil everyone" but "fuck it, let it all burn down".

And we've got Republicans controlling the House that will drive the financial system into a brick wall hoping that they can blame it all on Biden and take over in the next election.

Honestly starting to think the right idea might be to stock up on food, water, gas and toilet paper like I'm worried about another pandemic and go bury $10k in the backyard. People have gotten fucking insane.
the archive.is 1st snapshot saved it for posterity
Can someone start a counter-petition requesting they NOT get a bailout? I've been talking to deaf ears for the better part of a decade about what I called Silicon Valley Sickness and how it's had some really negative impacts in a lot of sectors outside of tech.
Old title was better
If they were dumb enough to risk that much money uninsured, what does that say about their decision making competency in general? What other decisions are these companies making with my data?

If a company got caught up in this, maybe they were never mature enough to exist in the first place, or got bad advice.

Play stupid games, win stupid prizes.
I don’t think it is either. It’s just an important reminder the end state of letting banks fail.
What? Just about any bank will open a basic small business checking and savings account. It won’t be fancy or high yield but they will bank for you.

Are you really saying BofA would not take deposits for you?
Check out these:

https://news.ycombinator.com/item?id=34341119

https://news.ycombinator.com/item?id=34414716

https://news.ycombinator.com/item?id=34728732

https://news.ycombinator.com/item?id=34340797
Ask around and do internet research. Firms will usually have bios for their partners on their websites which will give you an idea of their caliber. Find the firm that has partners with SCOTUS cases under their belt (preferably winning them), or winning cases for 9 or 10 digit estates. They may cost >=$1000/hour but their skills and network are priceless when you need them.

You don't need a connection to get a foot in the door with them but it doesn't hurt.
It hasn't even been a year. Tech moves fast, but developing real tools takes time.
My Experience with Bing
Recently I used bing chat, and I have to say, I am impressed as hell.
Here's why. I write short stories, flash fiction. No, I am not some great writer, it's just a hobby thing. I was writing a piece about an older person, like me, overhearing a conversation of some young people on an airplane, and a pretentious sounding young man bragging about having kiss some young woman. I asked bing, how would a young person describe kissing a young woman. It refused to do so. At first I was taken aback
If the items can be re-ordered (like prioritizing todos in a todo list) then items' keys will change when they should be stable.
It's about 4 charcters per token. So just over 1 token per word. I just round to 1 token per word since text most people generate does not use larger words and because larger common words are still encoded as one token (e.g. HackerNews is probably one token despite being 10 characters).
>> Didn't the public get paid back, plus extra, after bailing out the banks?

To be totally factual, while the public did get paid back, part of the reason is that the Fed started printing money and buying bonds way above asking price to move the market. If you do this enough, prices naturally correct because everyone knows there is a buyer at a certain price and a floor price.

The downside is, well, all the printed money.
I'll get roasted for saying this, but now that modern terminals like kitty can handle a huge number of colors, why not set the bar at requiring that many colors - which any decently modern PC can handle? Like throw out 16-color mode completely, along with 486 CPUs, PCMCIA cards, and floppy disks.

Then have sane, pleasant color schemes that aren't all harsh and glaring - which 16-color mode often looks like.

Whatever dev is great at logic, but is bad at picking colors, should humble themselves when someone with taste in colors comes along and offers a PR to make the default color schemes better (keeping in mind the higher-contrast needs of the visually impaired, favoring "dark mode").

Take a look at the color schemes which can be chosen from within "theme.sh -i" for great examples of such color schemes. Many are in poor taste, but there are also some great ones - which usability experts would agree are functionally the best, from a legibility perspective.
Banks will almost certainly not let you do this
Or have a quick funding round. VCs are involved. So they should be happy to provide more funds to great businesses that they surely make massive profits from in future.
I didn't like how the text wrote itself out one letter at a time. If it was a real "crazy wall", it would be static. Maybe the animation timing was messed up because my computer is slow, but it felt like I spent forever waiting for the text to write and only a little bit actually looking at the content.
> Almost all of the issues plaguing the U.S. at the moment are due to private interests infiltrating government, policy, etc.

How could a good government exist that isn't controlled by private interests? The alternatives are either the government is run by interest groups external to the government, or it is run by the head of government (in which case it is a dictatorship and you have to deal with the likes of Xi Jinping that is much worse).

To come up with an alternative would be to invoke vague fuzzy principles that have never been observed in practice.
The worst part about this is if SVB does get bailed out by the government, everyone will wire their money out anyway. YC is not going to leave their money if it's back stopped again.

So the message is: "Please shore up and reopen SVB, so we can get our funds out. Then you can shut it back down."
Which REPL? In emacs, depending on whether it's slime or ieml, you can do things like hit CTRL-J to get a line break without triggering an eval. Maybe it works in other REPLs too ...
I work at a startup that may be affected by this situation and even I agree with your sentiment. If the startups affected by this ordeal are bailed out, then at the bare minimum we the public should get 10% equity for every startup saved. Let's go the VC route and get something for our tax dollars(socialize those gains).
Four checking accounts at the same bank and titled in the same name get only one helping of deposit insurance.

> Coverage Limit: All deposits owned by a corporation, partnership, or unincorporated association at the same bank are added together and insured up to $250,000, separately from the personal accounts of the owners or members.

> The corporation, partnership, or unincorporated association must be separately organized under state law and operate primarily for some purpose other than to increase deposit insurance coverage.~

https://www.fdic.gov/resources/deposit-insurance/financial-p...
We can model some aspects essentially completely - that's basically what this map covers, the "obvious" physical connections. Simplified forms of this can probably be simulated very very quickly. Sometimes that's sufficient.

It's not the complete picture though, normally that brain would be in an ever-changing soup of chemicals, which definitely impact behavior... somehow. Simulating that, and even knowing what might be relevant to simulate, will never be complete. Only incrementally better than previous attempts.
Personally, "even if I have something to say, why bother writing? It's the internet, and people will either ignore, lambast, misconstrue, say ackshually, etc."

I find it much simpler to lurk.
Daily Mail really digging in on the bigotry, eh?
Was that before you had an account at SVB?

Would BoA have been more willing to open an account for you if your business already had one?
"we are asking you to save innovation in the American economy."

lol.

be nice if so much of this innovation wasn't about destroying american workers, spying on americans, exploiting developing world labor, and controlling the public mind in new ways.
Web was always less disciplined in this regard, compared to desktop. Being a desktop app developer back in 2000 you’d just pack some widgets together, set handlers for single-value widgets to fire into a controller object, set up data sources for tables and that’s it. No markup concatenation or implicit on-return behavior.

There were thousands of pre-react desktop apps on frameworks from turbovision to *tk to appkit and not a single one of them mismanaged focus because of a missing “key” or required to “update state through slicing an array” nonsense. This old pain you feel is historically self-inflicted and doesn’t exist elsewhere.

I made a bunch of apps and user interfaces with these frameworks myself. It was natural and straightforward. Sometimes it could get clunky and hack-y due to limitations, but usually it was the level when a whole react team would be fired for economical reasons (think of multi-tab forms with settings, dialogs, master-details, complex table input, etc).

Edit: “slicing”
>I do wonder though how did people deal with these problems in the past when neither ADHD or these drugs were recognized and available.

I was diagnosed with ADHD as a child and again as an adult. I was medicated as a child and for part of my undergrad but intentionally haven't been medicated for more than fifteen years. I can give you my own personal picture of this situation.

My understanding of my own now-sober psychology is that I will avoid anything that I don't have to do or don't actually care about (where these are contextually defined). While unmedicated, I focus on the things that I actually want to focus on, but the extent to which I can consciously control what those things are is largely out of my control. In this state, my conscious mind plays the LLM to what my body and unconscious mind are doing, namely my mental narrative is simply justifying and predicting what the next actions will be rather than determining what those actions actually are.

When I was medicated, it was the exact opposite. My conscious mind was seemingly in control. Other inhibitory parts of my brain were turned off and I was able to consciously decide to do something, and then simply do it. In my personal experience though, the results of having "properly" functioning executive action were decidedly negative.

The sober me that is in my body and doesn't require self-talk to actively maintain is content to be an economically unproductive, no-status nobody, merely exploring the world and taking care of my needs and those of my loved ones. The medicated "me" was nothing but conscious ambition, made poor long-term decisions, and created novel stressors with high cognitive loads that required constant medication and self-talk to maintain.

I realized that I identified more with the sober me than the medicated me and accordingly stopped taking stimulants.

To draw on all this to answer your question, I think that in the absence of habitual stimulant use and being surrounded by the "achievements" of those that are habitual stimulant users, the majority of people wouldn't know of or have "these problems" but simply lead uneventful, low stress lives, following their very bodily-determined whims and fancies.

Sure, there'd be fewer Paul Erdőses ("You've showed me I'm not an addict. But I didn't get any work done. I'd get up in the morning and stare at a blank piece of paper. I'd have no ideas, just like an ordinary person. You've set mathematics back a month.") churning out theorems, but equally, there'd be fewer Hitlers (See: Blitzed: Drugs in Nazi Germany), SBFs ("I think they are things that, on the margins, helped me focus a little bit. I wish I had been a lot more focused over the last year."), or Caroline Ellisons ("[N]othing like regular amphetamine use to make you appreciate how dumb a lot of normal, non-medicated human experience is").
Indeed; furthermore, some air traffic control regions have adopted a direct routing strategy, replacing the conventional routing strategy of published airways. This means that a flight from, say, Prague to Bucharest should be ever so slightly more efficient than the equivalent distance from London to Venice because of the direct routing.
Sir you should talk rather firmly to your VC friends who told their portfolio companies to withdraw to maybe not spread FUD next time because things happen. It sucks this time around. Get those founders bridge loans instead of replying to a rando on the internet (though I appreciate the opportunity to interact).
Is it still the case that many folks can’t pick up their script at all independent of the manufacturer? Curious how long the wait is
Can't YC foot the bill instead of making a petition?

It does seem like a "privatizing profits and socializing risks" scheme.
These are deposits at a bank. We're advocating for protection of 37,000 small business accounts, a small number of which are YC.

We discovered about 30% of YC companies would not be able to make payroll even after the $250,000 insured amount if they were to wait months for their payments. That is detailed on the FDIC website currently as the process for remediation.

This petition represents the lived experience of thousands of founders, and this is how we are communicating this is a real problem that DC needs to be aware of.

Again, this is not about saving SVB, the bank that made decisions that led to this, nor their equity holders. This is about saving innocent depositors.
That makes sense. I thought that "technology cannot be stopped" is quite obvious and didn't even think about someone trying to do the opposite.
Wish i could read it in a pdf-like format
I'm sorry, maybe I misunderstand, but they are asking for this 'Small business depositors at Silicon Valley Bank should be made whole', any good business should be aware of the max insured amount, so it sounds like they are asking for more than is specified by law (that they should have known about), and therefore asking the government to give them money that they knew was at risk. Currently given the regulations they would get back up to $250k, yet they are asking for more, from the government. So...they are asking the government for free money to help run their businesses....why is that different from students asking the government for free money to pay off their student debts?
> Was there something particularly incredible about SVB that led so many businesses to use it, and use it solely?

Yes, they allowed non-US founders to open a bank account for their companies. They weren't the only one, but many other banks won't do it.
It's not "parasitic," it's an incentive structure. Bonuses are standard practice in the financial sector intended to reward high effort and good performance.

Unless you believe nearly every employee at SVB down to the entry level is in some way responsible for this, then complaining about bonuses doesn't make any sense.

For the record, I don't think they should be bailed out.
It's per bank, not per account

> Deposits are insured up to at least $250,000 per depositor, per FDIC-insured bank, per ownership category.

https://www.fdic.gov/resources/deposit-insurance/faq/index.h...
Probably very few startup employees can't afford to exercise SOME options, but how many can exercise ALL of their options? Most probably fall somewhere in-between, hence the existence of the high-interest loans mentioned in the article.
TBH I don't support the idea of any bailouts, but the idea that someone of your temperament is "making sure people like you don’t get to crash the economy again" doesn't make me feel any less worried.
> Was there something particularly incredible about SVB that led so many businesses to use it, and use it solely?

Not sure why startups used it solely, but I can see why startups used SVB. One great reason is that they provided lines of credit to startups and "got it", understanding the typical business setup and risks of a startup and was able to underwrite the LoC.

I used Chase bank for my startup and they would have chased me out with a pitchfork if I even inquired about a Line of Credit, even if it was a pull-forward of predicable SaaS revenue.
bun is already faster than esbuild? i don't understand this comment. the bun transpiler is basically a direct port of esbuild to zig.

esbuild is a javascript transpiler. it transpiles typescript into javascript that v8 or another js engine can run. it's written in go which is the main reason it's faster than pure js transpilers like babel. were you thinking that esbuild is for go code? i'm confused

bun is a combined javascript transpiler & runtime & test runner & package manager. it improves performance of many things:

- startup time including transpiling code and resolving modules and initializing the javascript vm
- installing packages
- running tests

it can also improve runtime performance (it is faster at basically every bit of the node api it covers & it has its own versions of some things like http servers that can have better performance than the node APIs)

switching your project to rust would improve runtime performance, but would make it slower to run tests & compile the project & use an ide language server & …

i haven't used go but i've heard it's fast to compile & has better runtime performance than js
Chose to exceed that and also not diversify at the same time. In my mind they have only themselves to blame. They could have gotten one or two more accounts if they are legitimate businesses.
Because you're assuming just as much risk that one of these banks won't lock the entirety of your account for {reasons} while you fight it out with them.
this was just on the front page now I can't find it. was it removed?
Why are SaaSs scammy?
How is the FDIC going to turn a profit?

Every company who has deposits there are going to wire it out once reopens. You can't make money if you have no deposits.
The FDIC isn't letting the bank fail. Quite the opposite. The FDIC stepped in and stopped the bank from failing. Otherwise, the bank's deposits would have been completely wiped out the other day.
I think it was maybe the fastest rising post I’ve ever seen.

That was solely because of the title.
Didn't the company collapse and is now being run by the FDIC?
I agree that the biology is more complex and these conditions are less black and white but I’ve seen people helped by meds as dramatically as eyeglasses.

It can be truly stark with ADD. I’ve seen people have miraculous improvements to their lives from ADD drugs.
You may be comparing what you do in one day to what others do over a longer timeframe. Having three decently involved technical hobbies doesn’t mean you have to do all of them at once. Build momentum over a month or two at least.
Equity in the startups in question.
Or… also to all of the people employed by the startups?
Bet this never gets flagged off, even though every single person who isn't some insane CEO wants this to happen.

Stop privatizing profit and socializing losses.
Yep, and escape hatch is actually a great descriptor.

useEffect let’s you safely communicate with the world outside react (ie cause side effects). It’s the only reliable way to …escape.
The FDIC should have payments working very close to normal early next week if not by Monday. People might be getting paid a few days late and whoever is processing payments will be working overtime but there's a good chance it will be "no big deal" for most employees.

Often when a bank fails they change the sign at the branch to some other name otherwise you wouldn't know what happened. In the 1980s there was a lot of bank instability in New Hampshire, my mom kept all the statements going back to 1971, the name of the bank changed numerous times and she was not inconvenience except when the mortgage was about to come due the bank said the original payment was miscalculated and she'd owe more payments. I told her to go tell the bank regulator about it and the bank came back with their tail between their legs and forgave her the last 6 months of mortgage payments.

When I was a student I was banking with an S&L in New Mexico that went under as part of the S&L crisis, they just moved me to a different S&L, it was no skin off my back.

So there's a good chance that the FDIC will manage this with a minimum amount of disruption... Bank routines are handled routinely.
The ordinary-people depositors almost certainly don't have more than $250k in the bank, so they will already be made whole by the FDIC on Monday.
> Most companies live and die by what most people would call arbitrary choices in things they wouldn't think of.

How true. You can imagine that most people have only a vague idea of what is supposed to happen and why. There are entire professions devoted to many aspects of life (eg Healthcare, law, education, finance, politics, software). Even if you are such a professional, you probably have a mere specialty within the breadth of a vertical. The vast majority of choices people make are gambles based on intuition, localized/anecdotal deduction, and the type of education someone has been exposed to.

Taking stock of what everything anyone knows is true and why, will take longer to explore than a lifetime. A company, as an entity, is worse off.
Two things I forgot to mention:

1. I encouraged you to include more non-software jobs, but you mentioned that you were concerned that your resume would be two pages long if you accurately represented your work history. One solution to that would be to only list jobs going back a certain number of years, and to omit the bullet points for the jobs with no software relevance. You don't need to list everything you've ever done, just enough to give a clear and honest picture of your recent history.

2. I'm no one special and I don't have any expertise in this area, so please take all of this advice with a grain of salt. I just figured I'd share my gut reactions in case they're helpful. You might be able to get more useful resume feedback from a professional resume review service or even an experienced recruiter.
grep -o avx2 /proc/cpuinfo | uniq

If your CPU supports AVX2, the output will be "avx2". If your CPU does not support AVX2, the command will not produce any output.
See the bigger picture here: this is a white swan event that can finally raise unemployment, bring wages down and lower inflation and will cause the fed to finally stop raising interest rates. Yes it sucks for the VC/startup folks but the years have been good for many of these and they can afford a haircut more than anyone else in our society.
Though perhaps the feds should expedite, for businesses with only one bank account, getting them 15%-20% of their funds quickly. This is assuming that it appears very clear everyone is going to get more than 20 cents on the dollar.

Many startups can survive taking the 30-40% haircut on their bank balances. Very few can survive their cash being locked up for many months (especially when there are many startups in the same boat.
To me, the bigger problem is that bank balance sheets are only visible on an annual or bi-annual basis. On top of that, "hiding" assets via HTM/AFS treatment rather than MTM treatment is even worse.

We need to get to a point where asset reporting is weekly, or ideally daily, so risks are out in the open.
That's funny, they're such a necessary tool for making anything more than simple UI's that I wouldn't consider that an escape hatch. Kind of like saying that screwdrivers are an "escape hatch" for hammers.