skysight-inc/HackerNews huggingface dataset:
What is the ycombinator petition asking for that this FDIC statement isn't covering?
PHP, without Laravel, without any framework. There's a bit more work in some areas (you have to think about sessions and cookies and stuff), but it's amazing how quickly you can code without a framework that REALLY wants to be a cooking recipe site (or any generic "CRUD" site) getting in the way.

Also don't throw away heroku/fly.io/vercel/docker/kubernetes yet, PHP works great on all of those.
Lol.. "hey bail us out or we will shut Hacker News down".
I understand that, but your component is now an object that can be mutated via events and it tracks internal state via calls to useState.

You cannot call the component with the same arguments getting the same results anymore AKA it’s not pure. You indirectly mutate it via event handlers, which are effectively methods.
It shows up as [flagged] for me. [1] Enable show-dead in your profile to see it. It happens if multiple people click flag. It could be there are too many of these threads. People could email dang and ask him to merge them.

[1] - https://news.ycombinator.com/item?id=35114009
Well, at least you care more than Zelensky.

https://www.ndtv.com/feature/oscars-reject-ukraine-president...

Btw, the govt is responsible for this mess as they prevented narrow banking. So, nothing morally wrong with a public bailout.

https://www.bloomberg.com/opinion/articles/2019-03-08/the-fe...

In a way, the govt is obligated to bailout the depositors as the govt. prevented safer forms of banking.

And to reiterate the amount will be small compared to US govt spending on allies and internal losses due to govt. corruption and ineptitude.

https://foreignpolicy.com/2021/01/28/report-transparency-int...

https://www.cnbc.com/2023/03/09/how-medicare-and-medicaid-fr...

https://www.concernusa.org/story/foreign-aid-by-country/
I believe FDIC can sell SVB or equity to another bank once it stabilizes (with their help). With the current executive team gone and some adult supervision, it could return to being a valuable company.

SVB doesn’t have to die just because the shareholders get wiped out and management booted. It’s probably better for customers that it doesn’t.
Silicon Valley Bank Shutdown: Implications for Startups and VCs
Punishment for lèse majesty is death
There's a bank run on USDC right now which is probably exceeding Coinbase's cash on hand or risk tolerance.
> It's really hard to test non-determistic code. I'm willing to eat a lot of pain at design time to avoid doing so.

Ironically, this is a lot easier if you unit test the non-deterministic parts. Once you can be sure it's easily testable[1], it also has the side effects of being easier to debug, read, more reliable (in terms of branch behaviors), and more readable. Writing longer functions (his leaning) makes these issues worse, so it's not surprising it's a pain point.

[1] Granted, this depends on language. Each language has different language features that make code more or less testable, from a unit testing perspective.
Sorry, no bailout without ownership. Go borrow money against a percentage ownership of the companies. This is getting absurd at this point.

SV arrogance finds a new high water mark.
FDIC says the bank will be open for business on Monday. I expect the hedge funds are betting on total protection of deposits, not just the guaranteed amount. They’re betting 80 cents on the dollar. I’m with them. The people taking the other side of the bet are letting their nerves cheat them out of 20% of their balances.
We’re not talking about income inequality.

The Gini coefficient always had its shortcomings which is why it’s rarely used in its pure form.
In a functional government, that data is mandated And regulated
Suppose you had a government with better checks and balances than the one we have. More parties have a veto over new laws etc., and it is easier to repeal existing ones. The law against murder stays because ~100% of people want it; the laws against building new housing or repairing tractors are gone because >10% of people don't.

It then becomes more difficult for special interests to enact legislation not in the public interest because legislation only stays in effect when there is near consensus that it should.
It's useful so I doubt it's use will stop since the terms are so universal. A programmer will generally glancing over a page, pick up quickly on the area related to the syntax of a new program or command. If they don't get it right on something very important, it'll be half fubar instead, which is why it's always useful to have working examples also included as part of explanation.
Interesting. I’ll have to look into it, thank you.
Globals are bad, m'kay?
It was flagged: https://news.ycombinator.com/item?id=35114009

I'm assuming people took offense towards its goal. I'm not in favor of bailing anybody out, but it does seem a bit overzealous of a response, as it's still a topic I think we're all keen to keep track of.
It’s such a strange thing. Gov stims everything and the fed drops rates to nothing and it works. Cash flows are coming in. But there’s just so much cash and not enough borrowers so they buy one of the safest assets. The very same entities that created all the cash and low interest rates start rapidly changing the interest rates and then this happens.

Like I don’t want to defend the execs too much as they are the responsible people. But the gov and Fed did this. Erratic economic policy did this. It’s sad so many people think it’s a greedy bank. Being named Silicon Valley Bank doesn’t help.
We have a bad habit as a society of blaming whistleblowers and short sellers for the misdeeds of others.
FWIW, I am a taxpayer and am not a SVB bank account holder.

I don’t want to see this spin out of control on Monday when all those companies can’t make payroll and even more carnage ensues. This could blow up into a much much bigger panic contagion.
You really have this non-answer thing down. If the business thing doesn't pan out you could certainly pivot to politics.
Ted was a different matter, lol
You could try replacing your thermal paste.
Yes Laravel! Its whole purpose is to easily setup quick prototypes that are highly scalable.

Also, Taylor Otwell is incredibly brilliant, and his code reflects it.
This is absolutely spot on. Don't forget sailing, tennis, lacrosse, and some Ivy League schools even offer equestrian. Even sports like swimming, hockey, and volleyball are getting to be more and more dominated by well-to-do kids from families that can afford expensive traveling club teams. When Brown tried to eliminate its men's track and field team a few years ago the decision was reversed when it was pointed out that track and field was one of the only sports adding diversity to the campus.
They have been pretty clear that they want to do this. And the balance sheet as liquidity skewed as it is is healthy, I would be extremely surprised if they get less than 95% back.

These "movements" are folks asking for normal processes to be suspended for the sake of that 5% or whatever and it's going to muddy the waters vs asking for the obvious "give us some liquidity now since you can immediately secure a huge chunk of it and businesses need it"
>Edit: I fully expect the YC sycophants to flag this story to hell and get it off the front page, and the censors here will come along with their canned finger wagging and admonishments of anybody taking them to task.

i have news for you lol.
YC has taken significant positions in their portfolio companies, which they rightfully boast are worth something like a collective $140B. They've also strongly encouraged their portfolio founders to use SVB, which made sense until the precise moment it didn't.

What I don't understand is why YC itself doesn't allocate what appears to be a painful but survivable amount of its profits and bail out its own portfolio companies.

This would cost a few billion dollars... but they have it. Indeed, a notable number of individuals closely associated with YC could do it without breaking a sweat. Indeed, there's a strong argument to be made that this would be an excellent investment in their future hero/GOAT status, never mind ensuring that their beloved startup ecosystem continues to return huge profits long into the future.

I don't share the reductive views expressed in the comments. I strongly empathize with the founders and their employees who are not investors but depositors in a bank that they were told to use. The notion that startup founders could or should maintain a bank relationship for every $250k of operating capital isn't practical or helpful.

However, I don't think that going to the US citizens is a good look, either. This petition's core ask frames it as a binary choice when the third option is that YC itself should 100% step up and take this hit.
I gather moderntreasury.com is private company. It is slightly confusing - at first glance I thought this page and this info was connected to US Treasury Department.
That’s just accounting. They reclassified now because they were having a crisis, but of course they would have reclassified later when it was advantageous.

They weren’t trying to tie up their funds in extremely low-yield assets for the next decade. They were parking it somewhere that made their books work until they could move it somewhere else.
Flagged!? Come on this is extremely topical, I cannot think of a more on-topic thing for HN. It brings together:

- Silicon Valley

- Startups

- Y Combinator

- Current Events

Any one of those is an appropriate submission for Hacker News but altogether, it’s just … there is nothing more appropriate for HN. This belongs at the top of the front page where I encountered it.
You mean 2009? The limit was 100k before then. I wouldn't be against pegging it to inflation, but that's still only moving it up to ~$330k.
What growth engine? How many tech companies founded in the last 15 years are actually consistently profitable? The only one that comes to mind of note is AirBnb even if just started turning a profit.
Or rather, society wants to blame individuals because corporations have been centerpieces in all forums.
Why is this suddenly flagged?
In 2009, I suggested that our banks should have to add "VEB" to their name if they took any public funds. Sadly, nothing came of it.

https://en.wikipedia.org/wiki/Volkseigener_Betrieb
That’s much better explanation and more precise wording than the linked article did. I like the notion of “safe bridge”.
The elites see a sunk cost for the rabble and still a large labor pool doing a job for below-market-rate. Why change anything?

The key to this is simple: housing values. At least in the 'burbs, education is one of the critical things driving housing value. All you simply have to do is threaten white people's housing values and the money will come POURING in.

Also, a huge problem in America is transfer of money from cities (desperately underfunded school systems in cities, whodathunkit?) to rural areas. How about we change this?

You know what would be a fun exercise? Some city in like Texas gets tired of the state funding shenanigans and decides to form a new state. Like Houston. Perfect example. Remove the funding from the #4 largest city from the state coffers. Burbs don't want to join? Perfect, set up some tolls and rake in the money. Oh, the burbs DO want to join (most likely case)? Sure why not.

It would be interesting because if five cities in the midwest or South got sick of their state politics' shit, all of a sudden there would be ten new senators from urban areas in the senate. Look out, totally new political landscape.
This is such an insane fucking headline...

Perhaps the downgrade threat and the demise were caused by the same thing!
> My only other option, I learned, was to work with an employee equity "fund" – essentially, loan sharks – that lend money to startup employees if they don't have the cash to buy their options. In exchange, they would take more than 50% of my payout, if it ever came to pass. After weighing these options, I decided to choke down my fears, cash out my savings and buy myself one big chip, which I placed in front of the roulette wheel and held my breath as it spun.

> When a founder goes to the bank to get a mortgage, it's difficult to explain to someone at, say, Bank of America that yes, their savings and income don't look very impressive, but they do have a lot of equity in a promising company – which, by the way, isn't yet profitable, but it will be! (Maybe.) A Big Banker doesn't look at that story and see a potential high earner. They just see someone who is incredibly cash poor and risky.

> "Boo hoo," you might think. "Pity the poor venture capitalist who can't afford to buy into their fund." But this person did not come from a wealthy or privileged background. They were relatively young. They didn't have family who could advance them the cash.

They offer loans and financial products to employees, founders, and VCs (new to me), that are cash poor but have equity in presumably valuable companies. A relationship that is supposedly hard to forge with other banks.
Yes, but only minimally. Not enough for any human to notice.

However, even this minimal amount can be avoided with GPTQ quantization which maintains uncompressed fp16 performance even at 4bit quantization with 75% less (video)memory overhead.

References:

https://arxiv.org/abs/2210.17323 - GPTQ: Accurate Post-Training Quantization for Generative Pre-trained Transformers
[Oct, 2022]

https://arxiv.org/abs/2212.09720 - The case for 4-bit precision: k-bit Inference Scaling Laws [Dec, 2022]
Home food delivery’s questionable value, for consumers and investors
Haha I can picture you with your glue gun diligently applying layers
Equity that will statistically be worthless?

You might as well say Hasbro distributes more money than most companies because of all of the Monopoly games they sell.
I meant for this to be included in the scope of my comment but I was short on time. You stated it better, and you’re completely right. The problem I was alluding to was related to a hook deciding when to rerender based on dependency lists. It was setup such that some people may expect it to rerender in a certain case and others may not, and it wasn’t an uncommon or excessively complicated use-case.

React can’t win here because they have a hard stance on when to value performance (avoiding re-renders) vs. convenience (ease of abstraction usage).
As an individual, I am keenly aware of deposit insurance - it’s much lower where I live, in Canada - and as such it’s common to spread your savings among multiple banking institutions to ensure you are covered (and to remove risk where any individual bank is impacted, even temporarily).

Are consumers smart for doing that? Or are they dumb for even bothering, since it sounds like they should expect to be made whole regardless? Should consumer deposits not benefit similarly if these SVB corporate deposits are made whole? What dollar limit would you recommend the FDIC or CDIC (Canada) insure going forward?

(I ask because you comment on YC asking to advance banking regulation elsewhere in this thread, and I’m wondering what a good number should be going forward. Like, should the insured amount be $10mm, or $50mm, or what?)
Your edit is exactly what happened, with the line being “depositors aren’t equity holders.” Of course no mention of the fact that depositors are only insured up to $250k and anyone who went to business school knows this and the mechanisms for reducing risks of bank failures. No recognition of the gross incompetence by vc advised startups who are the depositors here.

VC needs a haircut to capital and ego. It’s obvious now that free money is the reason for their success, not skill. Everyone looks like a genius in a bull market and when the bear comes fact and fiction are split.
I'll sign it for $100.
Who exactly are you trying to punish here?
> We're already experimenting with variations that can iterate internally, and therefore think deeper, using still their existing knowledge. And the results change dramatically.

This is still just deterministic except for a bit of noise to vary the output. There is no "thinking" going on. What you get is still just the most statistically likely output based on the training data.
> The cynic in me says this letter is less about bailing out the small companies trying to make payroll and more about the VC's not wanting to lose massive investments.

It's both. VCs don't want to lose their cash accounts and see their investments become insolvent. At the same time, it doesn't help society if all these workers suddenly find themselves jobless. There's also a risk of contagion. If companies suddenly discover their deposits aren't de-facto safe, they'll flee other banks with similar risk profiles, causing more bank runs.

Banks going under and taking lots of funds with them is bad because it undermines confidence in the system. It's financial infrastructure that's supposed to always work. Sure, if it doesn't, you can work around it, but it becomes a drag on the economy, and things start looking like a developing country.
99.99% sure it was flagged by users. It was for a short time [flagged] [dead] that is what appears when enough users flag it and it get killed by the software. Now it's only [flagged]. Perhaps some users vouched it or perhaps he mods unkilled it.

Anyway, the discussion looks nasty.

[Edit: look note at the bottom] The original title was "Urgent: Sign the petition now: Thousands of startups and hundreds of thousands", now is "Urgent: Sign the petition now". I dislike the original and the new title. I'd prefer "Petition: Thousands of startups and hundreds of thousands of startup jobs are at risk" that is better with the dry stile here.

> Goodbye this place has been corrupted

It's strange because the common accusation is that the mods of HN highlight the good posts about YC and hide the post that badmouth YC. But this is the reverse case, it would be expected that they make this post sticky at the #1 of the front page instead of hiding it. My guess is that the mods are trying to have editorial independence and respect the flags of the users and don't give special preference to YC posts.

Edit: It also was posted a few minutes before https://news.ycombinator.com/item?id=35113681 and that is still [flagged] [dead]. Perhaps this story never got [dead] and only [flagged], and the original title was "YC Is Asking for a Bailout". Anyway, this does not change my opinion on the subject.
The March meeting was originally scheduled for 3/22.
US discusses fund to backstop deposits if more banks fail
So what's this, shoot the messenger?

It seems to me this whole debacle was ultimately caused by the fed's aggressive rate rises due to their wrongheaded obsession with inflation.
I agree with this. The consequences are unfortunate.
Did you have more than $250k sitting in SVB? We're you unaware of the $250k FDIC insured limit? Or were you, and didn't act on mitigating this potential problem? Any particular reason?
The problem is, I worked on these, half of my life. And while I agree that declarative rendering has its upsides, I am not blind to downsides and bait-and-switch-complexity tricks. React is pretending to be a functional “not your concern how it’s done” language without any safety nets or execution models these usually provide.
This is a pathetic reply
everyone wants to be heard, and no one's listening.
I hope this is what’s going on because the comments in this thread are wild.

People cheering for thousands of businesses to lose funds and potentially go under just because they chose the wrong top-20 bank to hold their cash??
Thank you for this. I think most people are like this, me included, when we don't have a project that actively interests and excites us.

This whole ADHD thing might be just true bullshit. Some people just chose to do the absolute minimum to survive/provide for their families at times AND also do A LOT some other times when the situation is, well, different.

I don't need gray hair, RSI, headaches, coffe, glasses etcetera to climb the ladder or drive the latest car. But to each their own.

Also, sorry to those that actually can not function and might feel put down by my comment.
Sounds like a problem.

Can you comment on what the many billionaires associated with the SV ecosystem are doing? Sounds like they have personal risk plus social responsibility, and (collectively) enough billions to bail out SVB.
I love this video because it's a long-missing counter to Clean Code. In the software world, often someone makes a bold claim (like "clojure considered harmful") and someone rebuts it ("a response to 'clojure considered harmful'") and someone rebuts the rebuttal ("a response to 'a response to «clojure considered harmful»'"). Sure, we've had people criticize Clean Code before, but never a proper critique.
The default is moderate, which seems to mean "filters irrelevant porn from innocent queries"
Prescreening? yes. Ad targeting that looks an awful lot like prescreening? No.
The days of keeping you money under your mattress are long gone. The vast majority of modern day economic activity takes place electronically, and as such requires partnering with a number of different financial organizations to make that happen.

The government created this mess by lowering the regulations on community banks[1]. They should be the ones to clean it up. There are literally zero reasons why we can't have fully insured deposits. Even better, there are literally zero reasons why we can't have zero risk deposit accounts (hello fed), but they choose not to give it to us so that the bankers can make a profit on our money.

Small and medium size businesses are the life blood of our economy. And modern economies work on trust and specialization. You shouldn't need an advanced degree in financial engineering just to run a small cat sweater shop on etsy.

[1] https://www.cnbc.com/2018/05/24/trump-signs-bank-bill-rollin...
doing what you love for work turns what you love into work.
But note that just because a model says it's using chain-of-thought or tools to come to a certain conclusion, doesn't necessarily mean that it is: https://vgel.me/posts/tools-not-needed/
At that price it's probably QLC, which will be too slow for a busy cache and will probably die in less than a year.
You don't accept it, you deal with the regulators and FDIC and demand they release liquidity as soon as possible, which they are striving to do.
The point of it is to generate arbitrary text locally, like the GPT-3 API does remotely.

It can "say"/talk about anything an average IQ person with knowledge of the entire internet and most books in existence could. So if you prompt it to write 100 pages on the differences between positive and negative law, as a poem, while never using a word with the letter "F" it will spit that out for you without any issue.

It can also program quite well, create recipes, debate with you, impersonate anyone, and lots more. And it does all of this offline, in airplane mode, locally on your PC or Mac.

It's good at translation but is probably one of the least efficient ways to translate text when models specifically for translation exist.
It was a big deal because it seemed impossible before. People have thought a computer would never be able to play at that level because chess required some special human ability. The fact that it became possible was a major milestone. In some sense, beating the world champion may seem an arbitrary threshold, but it is important both symbolically and practically. That it is seen less impressive after the fact by some people is a different issue. Also it was a big gain for chess itself. Although it is a game that has been studied for hundreds of years, the last decades have revealed new lines of play, openings, endgame theory, etc. inspired by computer chess.

It was a big deal in a similar way a machine that can fly was a big deal. I hope this explains my perspective.