skysight-inc/HackerNews huggingface dataset:
Do you have to be a bad risk officer to be willing to get paid to save whatever is possible to save even if the ship is sinking? Maybe because of them five percent fewer businesses will go under because of SVB.
I feel like investors are taking a calculated risk, though, whereas depositors (not unreasonably, in my opinion) thought their money in the bank was “money in the bank”.
Yeah there is no physical law that prevents that. Except that sunrise is not stable, so now your whole time system needs to slew and skew around to match the changes, and the meaning of day divisions changes seasonally and even daily. Considering all that there might actually be some physical limits to what my infinite life Casio watch is going to handle. Maybe when it gets GPS it could work.
Just have to have them take the next step too. That money stuffed in mattress is at risk from even more reasons. The house could burn down, there might be criminals stealing it or simply the police could get hint and do civil forfeiture.

In the end, bank might be preferable option.
No this is literally the fault of a mismanaged Bank causing its depositors to lose confidence.

Imagine using this excuse in any other situation: "It's not the food poisoning at my restaurant that's causing me to go out of business it's those darned customers who stopped eating here!"
I think the major short sellers already built their positions and are gradually covering by making noises on social media.
Fair enough, I really just meant simple, not crazy websites.
What is irresponsible about placing cash on deposit at a regulated bank?

Capitalism will be much less efficient if businesses can’t trust banks to perform their most fundamental function of keeping their money safe.
No, this is not how reality works.

Asserting that bailouts are simply "part of the system" is just a cop out.

It doesn't respond to points about the behaviour of the bank which was key to my argument. Maybe read and try again.

I will repeat again at the risk of sounding like a broken record. There is no sane, logical way of arguing that the behaviour that led to the 2008 financial crisis is that of a stable, well-regulated banking system. If you believe otherwise, you are either on drugs, or have done no research, or both.
Banks don’t have far more loans than deposits. When they make a loan most of the money is just redeposited, so effectively each oringal deposit gets 10x’d by people just leaving the money in the bank. That’s how fractional reserve banking and “creating money out of thin air” works.

If none of the loan money was redeposited than the bank couldn’t create new money.
For the HTML-savvy, perhaps. But one-liner copy/paste/enter is an easier to instruct and practically apply for many.
That's an incredibly normal amount for a business. That's one payroll cycle for ~50 people making $75k per year each.
Other countries around the world have this figured out somehow? Singapore, portugual, thailand, spain all have local food places, amazing food culture and somehow it seems sustainable. I dont think theyre being propped up by rich tourists
I used to do that too back when I used MATLAB professionally (also circa a decade ago), but I found with each successive release it worked less and less reliably as use of Java spread through MATLAB's internals.
Most stablecoins conform to TRC-20 standard, on TRON network. Ethereum use is being phased out because of high fees.
Labor Market Is So Tight That Construction Firm Flying Workers by Private Plane
https://archive.ph/w7AQH
If you are being paid to launder money, isn't the fee about 20%? My source on that is the Netflix series Ozark. Assuming that 20% is within the realm of reality, I assume that the margin on drip-coffee is substantially higher. Maybe 60% margin on coffee?
It seems clear the author does not have knowledge on the subject, more than glossing over -- the article even emphasises that information is removed by the blur (100% wrong). I agree it may not have destroyed the experiment entirely, but it does mean the experiment was conducted without knowledge of basic signal processing and I would prefer a more through study or analysis before drawing conclusions...
Why does FDIC insurance exist at all?
Python is untyped and untestable. The only way I’ve seen people use it is by importing whatever libraries were popular in whatever year they wrote it, so it’s also arcane.

Also, to understand someone else’s python, you have to read at least 10x more lines of line noise, so it somehow manages to be less maintainable than shell.

Concrete example: Every python code base I’ve encountered has some function named exec that poorly reimplements shell job control and argument passing. As the python code bases grow, they end up with more than one of these, all of which have different bugs.

I usually discover this about 6 hours after the script has been sent to me, since someone who has heard the words “supply chain vulnerability” locked down whatever machine I need to run the script on.

The last ten times this has happened (at multiple companies, with multiple teams) it ended up being faster to figure out what shell commands the python script wanted to invoke, port a few things to jq and then reimplement the rest in a mix of shell and perl.

The result is always 1-10% the lines of code of the python, and actually runs without downloading an entire python distribution, dependency manager, and hundreds of broken packages at runtime.
Slight clarification that doesn't alter anything about your reply: in the "get coffee" scenario I meant it as "go fetch coffee for the meeting". That's a stereotyped role in which women were assumed to be mothers/caretakers to the office in addition to all of their other duties, but which men would think was their primary duty.

He could ask somebody to get coffee without intending to bring up a whole history of chauvinism that you weren't even aware of, but it's also kinda his fault for not thinking it through.

That's just to clarify what I said above, not really a reply to any of the points you bring up. You're right that in the end this is inherently fuzzy. But I do think it's useful for everybody to say "I'm going to do more than just the bare justifiable minimum, because there are real issues out there, deliberate and otherwise."

That's not an injunction; it couldn't be. But it's something to think about, and the people who say "I'm not going to think about it because it's not my problem" are almost certainly the problem.
Runs fairly well on my M1 iPad
Because they planned to hold them to maturity, which meant that marking to market didn’t make much sense.

Of course here it blew up, but even marked to market assets will depreciate in value if a bank tries to liquidate tens of billions of dollars worth.
Bank Runs Are an Unnecessary Evil
Bash is turing-complete, so it's possible to write automated test cases in bash. Example: https://github.com/vlisivka/bash-modules/blob/master/bash-mo...
Did I, with any authority, say GP can't repeat Republican FUD? Or did I merely have a critical response?

Republicans love to point to other countries as boogeymen, "they're coming for your freeeeedoms" all the while: through fear and scapegoat and boogeymen and "religious conviction" they fight tooth and claw to take freedoms away.
I’m saying that bailing out SVB depositors will prevent First Republic Bank (for example) from experiencing a similar bank run and going out of business. So, a bail out of SVB depositors is also, in effect, a bail out of FRB. And, that dynamic creates a long term incentive for risk taking.
Maybe I can get a selfie with my S23 and get a picture of Leo DiCaprio!
I know very little of the subject. But maybe since ads generally arrive from other domains, making them easy to differentiate from the site’s content, while these popup are part of the website and are much harder to distinguish reliably, making it harder to build such a tool (which I assume does exist).
He's a pretty sharp dude.

https://www.youtube.com/@ArnoldSchwarzenegger/videos
So is the RPM format. I like LSB particularly as a reference for obscure ABI details, but I don’t think anybody actually builds either systems or applications to it.
I agree. I'm ordoliberal, as I recently learned.
Why don't humans have fur?
The Webbing of the College Cartel: Interlocking Directorates
It was stupid to not hedge that interest rate risk. I mean, the Fed telegraphed their moves well in advance. I don't work in finance but it doesn't take a genius to see how that dynamic would play out if that's your job. Not something I would've thought about till now but if banking is your business, you tend to think of ways it can break and this seems as elementary as anything if your job is to ensure solvency in all conditions. I just hope other banks weren't this stupid.
I’m not reading that, but I’m using “cash” because that’s what I’m talking about. Yes most of the loan money isn’t cash, but the cash has to be available for withdrawal so “it’s just numbers on a screen” doesn’t actually work all the way down.
Yes, and historically, mom-n-pop style shops (not specifically coffee) made the property costs work by living in the same building or property. But if you own a house and want to turn the ground floor into a cafe: surprise, modern zoning laws don't allow it. Which brings it around to a similar issue as my original comment: strict zoning is holding back what our cities could be.
> The information is absolutely not gone.

Continue to read through paragraphs 4 and 5 of the "Conclusion" section.
Yes, it was a plug for these impressive little beasts that make no sound.
SVB was an incompetently run bank whose major business model relied on outright cronyism. they deserve everything they get.
I tried https://plumbum.readthedocs.io/en/latest/ recently and it was quite good. You might want to write a wrapper function depending on what error or newline splitting behaviour you want.
That it is killing people is difficult to show. You would need a control group.
There are so many factors, there will be criticism of any such study conducted.
We already move things seasonally. Business hours change seasonally. We are active at different times and in different places depending on season.

I'm not putting forward insane counterfactuals. I'm just saying that we can set things up so that noon is very approximately local noon, with no changes at random parts of the year, and we will be fine. As in, the state of things before we started trying to "save" daylight. Why daylight savings time should be the new normal is beyond me, and it doesn't seem that anyone can explain why except that it's some kind of funny political phenomenon.
Intel ones do, I am pretty sure.
If (when?) we start replacing mirrors with cameras and a screen, it’s possible we may go through life entirely without knowing what we look like.
You can't lose money making and selling coffee. Coffe literally costs $0.05-$0.2 to make.
Well, mitigating counterparty risk should be priced into goods, so yes, it's the free market.
Regarding 1., I don't know how much this applies to US, but make sure your other bank is not owned by a first bank in which you have account, or if they both are not owned by the same entity.
I have a bucket of popcorn for the coming week...
Thanks, but I was looking for something like a font creator, not something that takes the closest real font. And the text I am trying to process has some interesting letter glyph variants in different locations
"Kroger and Albertsons together operate nearly 5,000 stores and employ more than 710,000 people"! But I don't really understand the "The deal is expected to lead to a revolution in the supermarket sector, redefining what customers can purchase while they pick up milk and meat". What are we talking about here? Pick up a new car? A new fridge? Redefining is a big word.
I always buy 1 generation behind because it is on typically alot cheaper and more likley to be vetted for hardware/firmware issues and nearly as fast.
But accessing the securities in that account might be delayed if the bank were in receivership -- the FDIC might freeze everything while it sorted out what's what. I don't know how that works.

If the securities are in an account at another institution that certainly wouldn't be a problem.
Patterns (YC S21) is hiring AI engineers
Because except at the equator they do not make even, stable divisions of the day.
No, it's Peter Thiel's fault for intentionally initiating a bank run?

SVB's systemic risk was just that the vast majority of their depositors are startups, and can corralled into action by VCs. Thiel decided all the startups he backed should withdraw all their money from SVB at once, and knew the rest of the VC world would follow suit.
All Polygons and MultiPolygons should follow the right hand-rule
I hacked this together over the last couple of days, I hope somebody finds this useful and am looking for feedback on my MVP :)

Right now its just a textbox and Veronica texts back, in the future I want to add voice support and make lessons where Veronica is driving the conversation instead of the user
"was backed" hehe
Nitpick, but the Fitzgerald sunk in Lake Superior. Also, I am thrown off by an area called Thunder Bay being in Lake Huron.
I think it’s worth reflecting on how you incorporate and use anecdotal stories to broadly characterize 320M inhabitants from one of the most ethnically diverse and multicultural nations on earth.
You’re wrong. If someone took out a loan and withdrew all the money before defaulting the bank would not be able to pay deposits. Insured deposits would be paid by the government and uninsured deposits would go poof.

You can say the loan is a number in a database, but once it’s withdrawn from the bank the bank can’t just go into the database and undo the loan.
Many the mortgage bonds in the 2008 crisis were AAA or AA rated by a "third party". And they were dogshit.

Is it audited by the SEC or some "auditing firm"?
That’s an example of someone swooping in to save the day. Whoever does that would not do it for free as the SVB bond portfolio is worth less than the same bonds bought today (rates go up, bond prices go down). No private party is going to hand over billions of dollars for free so either the Feds do it or nobody does.
Roku, Roblox and others disclose their exposure to SVB in SEC filings
But it costs the taxpayer money that way via the interest payments, whereas one more regulation doesn't.
Startups have expenses. SVB had a customer base that was net unprofitable. This means outflows, and tons of it. SVB depended on a continuous stream of new venture capital being shoveled into the ecosystem to compensate for these outflows.

They needed new startups to bring in new cash to make up for the cash burn of their current startup customers.

This is a textbook Ponzi structure. Not criminal, just a totally irresponsible bet on interest rates staying close to 0 for another 10 years.
Epyc Embedded (512GB) and Xeon-D (384GB) can be used for "desktop" systems that need lots of RAM.
Now You Have Three Problems
And also not 2:30-4...
The problem is that Coinbase probably has no way to say for sure what percentage of the reserves will actually be liquid on Monday. Other banks which held USDC reserves included Signature Bank of NY and Silvergate, both of which are also looking shaky.
The control group is the rest of the year. Plus states/nations which don't do a DST switch.

And there are plenty of studies already; I highly recommend perusing them. I won't insult your intelligence by offering a lmgtfy link.
> There were other incidences like he would go through his wardrobe at like 2am in the morning.

Huh, odd. When I was single-digit years old I used to get sleepwalking night terrors. I don't remember the details about most of them, but this sounds exactly like something I could do then.

My brain would fixate on a deep feeling that something has gone terribly wrong, and only I could fix it by performing something nonsensical, like figuring out how many of my bed would be needed to cover the surface of the earth, and I would start to move it around my room and see if I could tile it neatly with itself in some arrangement (because here is as good a place as any to start counting.)

Aside from these weird ideas I was mostly lucid, though. My mother worried I'd fall down the stairs but I never had reason to suspect I'd have trouble navigating the stairs. My literal perspective was sometimes distorted (things seemed to get smaller faster than a regular perspective transform) but I was careful to account for that.
That's why he doesn't like Rust is so big on C and Go.

I don't buy into this mentality. It's just wasting time. Your user suffers due to bloat and slowness on commercial software (like websites full of tracking and heavy UI design) due to economical reasons (no benefit in optimizing user perf for the company) and not due to system software like one Drew writes.

It's just kind of a LARP of "old school" and "minimalistic", which is fine. Just let's not pretend there's some practical benefit.
Shell has its place as a glue language between commands. I tried writing a good CLI in bash this week and yikes it was hard. The lack of a package manager and good libraries really hurt. If you could “pip” install bash libraries like an argparse equivalent it would help a lot
I always hear genetics this, genetics that. Who is going around sequencing the DNA of athletes?
Cash is fungible so the difference is not important. A bank has to balance its books eventually.
This is very cool! Sometime ago I ended up starting a similar project in Common Lisp, but then life happened and it has stayed as WIP for quite a while already... Maybe now I don't need stress about finishing it since this seems quite handy!
A Tale of Two Caloric Deficits
I'd be happy with that, but as I implied I think of it as a tool of big corps. And those are stil got too much influence by stupid people.
Care to explain what VA and MAID stand for?
What you're imagining is Hyperreality from Simulacra and Simulation and has been happening since the invention of the television, and later the internet.

AI will accelerate this process exponentially and just like in The Matrix, most people will eventually prefer the simulation to reality itself.
I think Stablecoins systems are more resilient than traditional banks in bank runs.

In Case of a traditional Bank Run (SVB), pulling the money out is the overwhelmingly best thing to do due to game theory logic. This means once a bank run starts, there's no stopping it.

But in Stablecoins, the coin "depegs", this gives people a reason to actually buy and support the coin if they think insolvency won't happen.
It's important to note that WorldCoin does not get to see the retinas, whose picture never leave the orb (and are deleted after the fact), but only a hash of them. The orb's hardware blueprints and the software is open source too.

The system attempts to solve an important problem: figure out who's a human (not a robot) online. One could argue Sam is creating the problem as well as the solution, I suppose. Still, it's better than only having the problem.

Right now the problem does not seem extremely pressing, but I believe it might become more so.

Even if we don't see rampant abuse of AIs masquerading as humans, another ambition of WorldCoin is to perform wide-ranging experiments in UBI, and being able to distinguish "real" humans in that context is absolutely crucial. This goes doubly in the third world, where people often simply don't have IDs (and available forms of IDs can be easily manufactured through bribery).

(That being said, I broadly agree with the criticism of OpenAI laid out in the above article. Still, we can have nuance.)
>As far as I can understand seanhunter asserts that bank lending doesn't create money - pointing to the definition of M1/M2 money - and claims that bank lending is not different from me lending you $100 and that the amount of M1 or M2 money in supply doesn't changed in either case.

Right. That is the basic definition of the financial intermediation theory of money. It's actually a predominant view in the literature: for example, the Diamond-Dybvig model is based on the assumption that banks are not special as intermediaries; and it won the Nobel Prize for its authors in 2022.
I can't imagine these illustrations were made by or even in consultation with midwives either. The midwives possibly did have fairly sophisticated models for understanding and evaluation of things like fetal position but they probably would have depicted them differently and I doubt anyone asked them.
1$ is probably at cost. And everything else have extremely good margins. Probably outside the cheapest items on menu. And those are there to build brand loyalty.
venture debt with generous terms as well
Even earlier with Deep Dream
New Raspberry Pi Camera with Global Shutter
Why would they? their long term treasury bills are yielding almost 0% interest rate and current rate is closer to 6%. Ergo, no one is going to buy an out of the money long term asset at par when current yield is significantly higher. No sane rational person would do that.
The $42B that depositors pulled out of SVB has to go somewhere. FRB is the next-best-choice for many startups; they are also startup-friendly, have plenty of branches in Silicon Valley, make it pretty easy to open an account, many of these companies may already have accounts or banking relationships with them, etc.

This is one way in which the current crisis is self-limiting. It was brought about because SVB took lots of deposits when rates were low and invested them when bond prices were high, and now they don't have liquidity without taking a loss. But if banks take lots of deposits now and invest them when bond prices are low, their average cost goes down and it's much easier for them to satisfy customer withdrawals without taking large losses.

It becomes a crisis again if all the banks start failing at once, because then the likely consumer behavior is a flight to hard cash or crypto rather than another bank.
You can't lead a team with a spreadsheet
You’re inferring good faith, which - when dealing with humans - is an unsupported assumption. You don’t have to be an economist to draw the connection between printing money and a rise in nominal prices (irrespective of the interest rates and lending).

The Fed knows that there is no real ongoing inflation. The devaluation of the dollar already occurred and the new price has to propagate through the market. Their actions have no effect on the cause or broader course of apparent inflation only on who “wins and loses.”
I think I had something similar, back in the DDR1 days. Mine was in a 5.25" format about the size of a CD-ROM. It was able to get closer to the SATA bandwidth max than anything I could afford with a RAID array of 10k drives. The IOPS were amazing, at the time. Had a battery backup and would cache to conventional disk. Was great for some DB operations.... with the understanding that it was not ECC ram and was a bit volitional. Main issue was the capacity. SSDs that came onto the market were a match for speed and PCIe drives crushed those I/O speeds again, without all the hassle.
I'm generous, so I might give them a week, and certainly Monday, but even if it's not their fault, if they can't get payroll running in a week, it is their problem. What else isn't going to get paid, etc.

Lots of stories about people working without pay start with explainable reasons and end with a huge missing amount.
Well, a free 8% return over a weekend if all goes perfectly.

Interestingly Tether also reacted to this news by going up to $1.03 briefly. That's not really good either, but it makes sense as a symmetric thing. It'd be an arbitrage opportunity except the market is so broken you can't execute it reliably.
Even if USDC eventually manages to regain the peg, it seems likely this will cause major long term damage to adoption. Who wants to hold a "stablecoin" that can sit at a 7+% discount to par for over a day?
We're not talking about poverty. We're simply talking about restoring the bank deposits of early stage companies.