skysight-inc/HackerNews huggingface dataset:
OpenBSD disabled TIOCSTI in 2017 (https://marc.info/?l=openbsd-tech&m=149866235528186) and then removed the #define entirely in 2018 (see rev 1.17 at https://cvsweb.openbsd.org/src/sys/sys/ttycom.h) after addressing ports issues. Not an OpenBSD boast; just pointing out that OpenBSD already dealt with the fallout from its use in common open source projects.

It's also been disabled in Android, apparently, so that would've also brought its unavailability to the attention of many Linux-specific open source projects. The concern, now, would presumably largely just be any proprietary Linux software floating around that makes use of it.
Ask HN: I’m a founder, which bank should I open my business account?
With the latest bank run frenzy and SVB/Signature debacles I think of opening at JPMC a business account. Where do other founders go while in pre-seed/seed?
What he did was the right thing to do. He realized SVB was having significant issues receiving/sending funds and protected himself and the companies he's involved with by withdrawing all his capital from the bank. He also publicly informed others of the issues and recommended they do the same.

I'm not exactly sure what actions people think he should have taken. Thiel is not responsible for the poor risk management on the part of SVB.
There's a way to upgrade an M1 Mac's memory and storage (2021)
If the money Thiel moved was of interest to other partners, as well as himself, he just did his fiduciary duty, right? It is a real duty.

It sucks to see powerful people getting a better deal than regular people, but the unfairness in this situation was caused by bank (mis-) management, not Thiel.
They realized that loss in their books is what matters.
People have been saying this for literally 30 years now...
Jeez. Google really tarnished the hearts and minds of people everywhere when they shut this down. 10 years on, and people are still talking about it. I used it daily, too, and nothing really came close except maybe Feedly. I use Feedly now.
What would you have had him do? It doesn't seem like his other options would have been logical knowing the bank was insolvent. I guess silently take his money out and not encourage any one else, is that actually worse?
doesn't it work if you put it after the while but before the read?
right but AI was nowhere near passing the turing test in 2017. or doing anything else that it does right now. do you have any proof behind what youre saying? not even hard proof but some kind of axiom or even just some chain of logic. dont point out the limitations of the current systems but actually explain how progress toward AGI is being blocked.
> Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession.

> The Great Depression/Peak global unemploy­ment 24.9% 1933

> Great Recession/Peak global unemploy­ment 10% Oct 2009

Not even closely comparable, thank you for nominating cases as to why the new model is superior.
Printing money has always been the solution to all of America's problems. Not for long. Enjoy while you still can :)
>This would have been "safer", but lost them money.

In a short-term sense, but the point of short-dated maturities is not to produce yield but rather provide liquidity, which allows you to purchase higher-yielding 10+ year notes in the event the interest rate rises.

They would've actually gained money by (1) not being forced to sell assets at a loss, thereby leading to a run and also becoming insolvent and (2) e.g. used the maturing short-dated bonds to purchase 3-year treasuries at today's 4.1% rate, rather than their shitty 1.8% 10-year notes.
*Dec 2022
Rust finally has a competitor for best stack trace experience.
Whew, I saw the animated shorts this year and I am rather surprised this won. The best I can say about it is that it clearly had the largest budget?
Since you have used several backup tools, I wonder which one you recommend.
Startups aren't investing their money. They are drawing on it for payroll.
SVB's problem wasn't that they had too many well informed customers. It had too many lemmings and a few lemming leaders all in the same industry who pathologically can't keep a thought to themselves without sharing it to their many millions of social media followers.
we don't have "socialized losses". Tax payers aren't paying for anything here. The FDIC is run an funded by an interbank consortium. Its essential a union of banks that run a collective risk pool and decide the rules of the risk pool. It works and has worked for nearly 100 years.
The text I quoted applies to a tiny number of people, few or even none of whom might actually be caught in SVB (as they may have managed to exit first!). But unless I'm misreading it's being used to justify that the harm was deserved by a vastly larger class.
So the Fed is creating a fund to stabilize other banks’ bad bets, great…

>The central bank said it would make additional funding available to banks through a new “Bank Term Funding Program,” which will offer loans of up to one year to banks that pledge U.S. Treasury securities, mortgage-backed securities and other collateral. Up to $25 billion from the Treasury’s exchange-stabilization fund will backstop the Fed lending program.

Many of those securities have fallen in value as the Fed has raised interest rates. The terms would allow banks to borrow at 100 cents on the dollar for securities trading potentially well below that value, potentially putting the government at risk of losses incurred by banks. Critics said the move would essentially offer a backdoor subsidy to bank investors and management for failing to properly manage interest-rate risks.
I think you’re missing the piece where “company” means any registered legal entity. This can be a single human to <= 8 employees to <= 50 employees to >= 1000.

You’re getting lost in the current context of what you assume to be SVB’s majority customer; the banger ‘unicorns’ we’ve all read about over the last decade, who would/should have this ‘treasury department’ you’re referencing.

Zoom tf out, remove SVB, and tell the guy who fixed your fucked plumbing last go around that his lack of a treasury department and/or insight into what his primary bank is doing with their deposits is a major problem and they deserve to eventually get fucked because of it. I’ll wait…
Having 4 kids ages 5 and under, while also running a startup, I can confidently tell you that disposable dishes are the true answer to efficient dishwasher management.
At the time Google Reader announced it's shutdown, alternatives didn't really exist -- the idea of creating an alternative and competing against a free product from Google didn't seem too economically feasible.

There were other RSS clients, but Google Reader's web-based, infinitely-scrolling interface was unique. Imagine any utility software you use daily, now imagine it being gone and having to use some alternative you know is inferior.

Fortunately a number of alternatives were quickly developed with different levels of success. But few were available the day the shutdown was announced.
Yes, I mentioned that. It takes about 15 minutes and you do it once.
am I the only one wondering: why is nobody partnering with these companies to create podcasts out of their content and split the ads revenue?
It was on their website, there's a map with stores carrying it. I don't know whether it's current or not but I will find out tomorrow.
Man, I wish I could staple this comment to the top of every discussion of SVB.
you should have just went to a private elite school instead of working hard your while life too. /s
What admins should consider before installing ChatGPT for Slack (article for free subscribers)
Project specific Bash history.

https://github.com/harish2704/dotFiles/blob/master/home/.loc...

This script + SpaceFM file manager saving lot of time for me
And also rallying their dependents to do the same. How noble of them.
> Leave us behind whom or what?

Whom: The corporations with enough money to burn.

What: Technological progress.

Here's a nice video that showcases the same patterns in history and how having free and open tech + breaking monopolies helped move society forward - https://youtu.be/jXf04bhcjbg
Five Robot Trends for 2023
Should have had more regulation - more stringent reporting and capital requirements (easy to say in retrospect, but they were covered by laws repealed in 2018). It should not be possible for a consumer bank to get into this sort of state so that they are so far from being able to return customer funds.
Does it matter? Openai finally built something resembling ai. Big tech wasn’t innovating, I personally don’t care if employees at openai capture a ton of the upside
Interesting.
In Russia, CFO of bankrupted bank will be forbidden for holding offices in another banks for 5 years. For life, if it was conviction.

USA doesn't have laws like this, do you?
It also coincided with a persistent trend of HN itself no longer featuring random blog posts heavily but rather a) mostly popular news sites like NYTimes that finally started understanding the web demanded clickbait/Twitter-friendly high volume articles (where no one reads the article but shares the headline) and b) blogs that went viral via Twitter/FB/etc.

That was the new reality a decade ago. Social media apps was how you found blog posts, not RSS feeds.

I remember Reader dying and within a year finding a replacement but still moving on because the high noise-to-signal RSS simply wasn't doing it for me.

It's possible we all stopped using RSS because of Google but it's also possible we simply found replacements when prodded. Just like how us torrent obsessed pirates eventually moved on from harddrives full of MP3s to lazily curating Spotify accounts and from AVIs to Netflix. Google Reader was a far-too-early end of an era, but the fact we all didn't jump to a competitor like we did with Digg->Reddit was probably not just Google's fault.
also rent, servers, the cost of anything else you have to run your businesses. For broadly generic tech companies, take everyones top line salaries, double them, that is your rule of thumb monthly expense line item that wraps everything up (rent, taxes, the cost of doing business, marketing spend, etc)
And when I'm doing something on my local machine - very often, a more modern tool is required anyway. (Visual Studio in the case of C#/C++, and VS Code is infinitely quicker and simpler to get up and going with when editing other source code).
People are allowed to have opinions.
Most startups don't have a CFO until they reach a certain size.

Additionally many startups had covenants in their financing agreements with investors that required keeping funds in SVB so they didn't have a choice.
I got annoyed with unlocking my
ebike with an app every day, so I created a car key enclosure with a Bluetooth chip to unlock it. So much work! Creating a custom PCB, writing software for the nRF52 chip, learning about BLE, security levels, GATT. Deep sleep and ultra low power usage. I use it every day and am really happy with it.
I honestly have no clue how to even research alternatives to the 10 year T note as an investment vehicle for SVB, but plenty of gigantic funds seem to be able to do all kinds of riskier investing so it doesn't seem like a fair question. There are tons of places to put money that are riskier, even billions, that would have yielded better returns.

30 year T notes, for example, seem to have been at double the 10 year notes in return at this time. Why not go for those if we're assuming greed as the driving factor here?
The losses to the fund have to be recovered via special assessment.

The magnitude of losses to the fund is discretionary.
> 2. "a special assessment" aka a tax on member banks directly

And if some bank doesn't have enough to cover everything they can get freshly printed USD courtesy of BTFP: https://www.wsj.com/livecoverage/stock-market-news-today-03-...
IMO you should probably do business with multiple banks with somewhat separate market segments to try and diversify risks. You shouldn't have all your cash under one mattress ;)
> Those VCs wrote checks into SVB accounts and apparently didn't care to give any advice about protecting those uninsured piles of cash.

Worse, according to others in the thread they had it in the contract that they must use SVB exclusively.
This is the dogma of CRUD, popularized by web frameworks. REST says nothing about granularity.

"a single endpoint relates to a single entity" is not a REST thing. I understand that for 99% the people they are the same thing, but they're actually not.

`GET /inbox` is not REST though, because it implies that the reply varies according to some authorization header. It messes up the "layered" idea of being able to cache stuff by their identification.

`GET /inbox/:account_set_id` is REST enough. `account_set_id` can be a `session_id`, it doesn't matter how you group things, as long as you identify each resource uniquely. It can be a huge resource, containing information about others inside, no problem.

You can even have multiple levels of granularity if you want:

`GET /inbox/:some_id` gets all inboxes

`GET /accounts/:acc_id/mailboxes/threads/by-date/latest/messages/by-author/first/cc/0` get the first cc'd email of the first author of the most recent thread

These two can live on the same application, RESTfully side by side. So can resources that fetch multiple stuff:

`GET /message-fields?list=subject,cc&fromAccounts=123,456&since=2023`

If you can name it, you can REST it. You can REST it even if you can't quite name it using `POST`.

`POST /graphql` is REST. It just isn't very CRUD-y, and by being a POST, it ignores a lot of the REST benefits (but doesn't necessarily contradict them).

TL;DR: CRUD frameworks appropriated the REST terminology and made a mess with its meaning.
The previous comment said, and I quote, "pulling billions out of poverty in just the last few decades".

The "last few decades" are around what I would call the last 40 years, wouldn't you agree?

The entire modern western world got rich not through some capitalist miracle, but by brutal imperialism and subjugation of the third world.
These banks made poor investment decisions and were reckles with customer funds, and are to blame for their own failure. It might be on-brand for him, and surely he acted in his own interest and didn't give a shit about anyone else.

But did Thiel also organize runs on Silvergate Bank and Signature Bank NY? Why did those fail along with SVB in a span of days? His involvement seems to be getting exaggerated here.
Yes, there are rare cases (like, say, <2% of your life) when it would make sense.
The article is blaming people for creating and spreading panic, not (just) for moving money out.

(And in the context of a bank run, there's a pretty good argument that the author is correct too.)
The speaker or broadcast symbol just above right of the the airport code in the middle takes the user straight there.
There is a specific small hotel that will remain unnamed, which my partner wanted to book for a long long time. At any given moment if you check the reservations page, it is most likely booked for two years solid. It is famous enough that people book it all the time, but it has lenient cancellation policy of 100% refund if cancelled before 2 weeks. This is not really a problem for them as these vacancies get booked in a matter of hours (as I found out).

I wrote a script on top of Puppeteer that would be called from crontab on my home server, to go to the reservation page, press the buttons to flip through the calendar and extract days with vacancy (the reservation app is an SPA). When there were new vacancies it would send me a message through one of the messaging APIs about new dates available, so I could see if it aligns with our schedule and book immediately from the phone wherever I am.

That actually worked like a charm and I snatched a very convenient reservation after few days.
> I know this is unpopular with the young childfree techie demographic of HN

On the contrary, I think your dislike is quite popular, hence my comment.

Re your termite colony analogy, yes you can draw a metaphor between humans and pretty much any animal or insect.

You can also draw an analogy between countryside dwelling humans and beavers; is that also bad? Or are beavers inherently better in some way that the analogy doesn’t rub you wrong?

I think we humans are indeed quite similar to ants, termites, bees in the way we are social and cooperative—and living in higher density would in fact be quite in line with that.

> The desire to be left alone is strong.

I feel much more alone and free in a city than in a little town or village (e.g., where I was brought up) where you know—have to know—everyone and engage in a polite talk, or be perceived as rude and subsequently excluded. I can also feel not alone if I wanted to, because meeting with someone I know is easier to arrange due to proximity.
Although inoreader is better now, I have never forgiven google.
But that’s a very standard ratio in banking. And to be blunt treasuries don’t decrease that much. In fact that’s not really what happened here. Instead, SVB had significant deposit inflows over the last 10 years as their VC back clients raised massive rounds. Their deposit base went from something like $60b to $180b. Then all in unison, as interest rates increased, the same inflows reversed and nearly 100% of their depositors started withdrawing. so SVB had to come up with massive amounts of cash and had to sell things at a loss. That would have been fine if panic hadn’t set in and a Run initiated.

To play devils advocate, what would you have done as the CEO of SVB? Imagine over the last 10 years your clients are successful in raising large rounds and deposit the money in your account, you are required to keep those deposits safe and have to buy something. Would buying US treasuries and investment grade MBS be an unacceptable risk? They could have and should have hedged interest rate risk more perhaps but this isnt some irrational exuberance at work.

To your point about skin in the game, a shareholders skin in the game isn’t the percentage of equity in the firm, it’s what that equity represents in their portfolio. If a shareholders entire net worth is worth
> Any normal, non-degnerate bond manager would would keep a significant amount of 1-3 year treasuries in their mix of bonds.

How significant? Is 1/3rd not enough?
“Person I don’t like acts in rationally self interested manner, legally outperforming less informed parties in zero sum game”

Should we feel bad when we sell a stock and it goes down?
Less competition and less risk — the Canadian way.
If I'm not mistaken medical degrees in the US are postgraduate (in the UK it's undergraduate, albeit it takes more years than is typical), which increases the cost of training of a doctor (both tuition and "opportunity cost"). If you studied for 8+ years in university to become a doctor, the prospects of working as a "slave" on low salary is really unappealing.
> Emacs Lisp is probably the worst language for "programming in the large". (After Javascript.)

But unlike JavaScript (and Node.js), I don't know of anyone who uses Emacs out of the belief that Emacs Lisp is a language with which they should be building large-scale applications. It is strictly a client-side language and it is used as such.

In fact, Emacs Lisp is actually a pretty good client-side language. Not that it is perfect, but I find it more enjoyable to use than JavaScript.
even if you had a source for Musk saying this, I'd doubt it would be the real reason. 420 is a reference to weed, not to "42" of the hitchhiker's guide to the galaxy.
I would hope crediting and/or linking LiveATC would be a part of such an agreement. More likely, they are breaking TOS.
I haven’t even taken a position on the issue. I’ve just said that nobody can predict the future and that it seems like you’re very distressed.
Question for someone who follows this space: are there any significant models/tech/etc that OpenAI has made open? Either before or after they changed business models. What they've kept private is well-known, but are there any checkboxes in the other column?
You're confusing cause and effect here. In 2021, even crap 1% 10-year treasury notes cost $100 to purchase, not $80. It's only after interest rates went up in 2022 due to faster than expected Fed rate hikes that 1% treasury notes were no longer as valuable. An intuitive way to think about this is a seller of 1% treasury notes can only ask for $80 when 3% treasury note new issues are available for $100, to compensate the buyer of the 1% treasury note for the lower, less attractive interest rate. The interesting quirk is that it's only the mark-to-market price that is underwater i.e. worth $80. If SVB had the privilege to hold these assets to maturity (i.e. waiting 10 years), they could get their principal $100 back + $10 in interest.

If they did do what you said i.e. "spend $80 to buy $100's worth of treasury notes", then they wouldn't be in the conundrum they're in today. Because their cost basis in that case would be $80 and they could simply sell that treasury note for $80 and they wouldn't have a capital loss at all (in fact, they would be up since they earned coupon payments). It's only because:

1. 2021: they purchased low interest treasury notes before interest rates jumped

2. 2022: interest rates jumped faster than expected

This caused SVB incurring capital losses, which meant their assets to be worth less than their deposits.

If you are curious and want to visualize some of the changes on a graph, you can check out VFITX [1], which is a mutual fund that holds a mix of treasury bills, bonds and notes for an average of around 7-year duration.

-2021 Jan 1: $11.63/share

-2022 Jan 1: $11.12/share = 4.4% cap loss (before factoring in coupon payments)

-2023 Jan 1: $10.15/share = 12.7% cap loss (before factoring in coupon payments)

[1] https://www.marketwatch.com/investing/fund/vfitx
It's kind of ironic for some people in this thread to dismiss meatpacking jobs as "low value" when they have been crucial to keep the supply chain functional. Severe chicken shortages around 2020-2021 were mainly caused by workers in that industry falling ill, because the work conditions there are ideal incubators for respiratory illnesses (cold temperature, indoor environment, lots of people inside the same space, etc.). These jobs exist so anyone can walk into a grocery store and have an obscene selection of animal protein available for purchase without ever having to touch an animal. They are crucial to the modern consumer society and the way these workers have been mistreated have been awful enough without adding god damn child labour to the mix. We need far more regulatory pressure on the industry, not less.

The argument that more pay & benefits for these workers will make meat more expensive is also nothing but a scare tactic. There is already so much automation that the increased cost will hardly be noticeable when it is distributed among purchasing units at the consumer end.
Maybe I’m missing something, but is the suggestion that people leave their money in insolvent banks because it would be mean to withdraw it?
> Confidence in the banking system is critical to its well functioning

Some might say that confidence created this situation in the first place.
Isn't this exactly what Hanlon's Razor was invented for?
1% is quite a bit when you are talking about this much money. That's $2B a year if you have $200B in AUM. They were probably trying to keep their yield up because without it, you can't offer competitive savings rates which could cause your depositors to trickle out to one of the many other banks that are offering a higher yield.