skysight-inc/HackerNews huggingface dataset:
Presumably it has to do with methane from cows. This is now beginning to be mitigated with seaweed feed. Otherwise, land-use for cows has been decreasing in the U.S. despite population increase. It has, however, increased in Brazil owing to soybean crops used for feed. That has been contentious because of encroachment into rainforest land, but it's not clear the scope of it really matters. The most cut and dry benefit to alternatives is far and away animal welfare.

When it comes to just flavor profile I'm not surprised there would be some disruption (good use-case for ice cream, a junk food), but there's no real sub for the animal protein (if you care about that). And in terms of calcium content the products are just fortified, so you're paying a premium for what might as well be a supplement.

I've tried a few yogurt alts that tasted alright, and the nutritional content seemed satisfactory fitting into my diet (though nothing for good for kefir yet). Of course I'm not keen to spend more on plants than I would for an animal product, and one wonders how green something can be when it includes coconut transported via cargo ships and highly refined ingredients.
They took over in Apple universe. For some people Apple is everything there is.
And your confusion is completely normal. An insidious action expressly used by the interested, in manipulating language for it's purposes. It has already been nicely addressed by Weinberg in his books.

That is why every dry desert urban development in the middle of nowhere, with hardly any water for hundreds of miles, is called... Watery Creek...That is why employees are sometimes called business partners, that is why private investments funds are in some countries called pensions, and finally the reason why creditors at banks are called depositors. To delude you into making you believe, you are or have more, than what you really are, or might have.

"The Secrets of Consulting" - https://www.linkedin.com/pulse/secrets-consulting-guide-givi...
> Why can't we crack this micro-payments nut?

The nut has been cracked, it doesn’t provide enough sustenance to survive off of.
> he believes the current state of advertising is less profitable for sites now than it was before widespread tracking was in place

When he talks about advertisers stealing the Internet he's talking about how they operate now.

Interestingly, it's become the middle men who have become really rich while the content creators only see a fraction of the money.
It doesn’t say in the article how this was implemented. Was all this simulation done in something like Houdini or is there a custom engine Weta uses?
The vast majority of humans I've met have never produced great works of art or science. We're holding the models to higher standards than ourselves.
can’t people buy private insurance for their deposits above the $250k threshold?

if you buy an expensive house or car you generally pay a lot more to insure that asset. not sure why people don’t think of buying insurance on their bank deposits in the same way if you find yourself in a situation where you need to hold much more than $250k in one account for whatever reason.

But even if you’re an individual holding million in cash (and for whatever reason it is not invested), it isn’t exactly difficult to open 10 checking + savings accounts and putting $250k each. In fact that is the prudent thing to do.
> no company can afford private offices for all their workforce

Go visit any good law firm or CPA firm.

I benefit from my equity holdings in tech companies. They are choosing to give that money to me in valuation instead of building out proper offices.
Ah yes you're right, but still an 8 bit machine :)
Possibly, since the regolith is a good conductor.
Perhaps I can address your point about “generic screeching” against the tech world, by noting that the criticism here is often specific and direct. Not generic.

The usual suspects have been trying to frame it in terms of the regular old startup workers that will be affected.

But what about these entrepreneurs, the taxi drivers who were completely fucked by the onslaught of Uber and Lyft using financial engineering to lose money on each ride and undercut their livelihood:

https://www.nytimes.com/2019/12/23/nyregion/nyc-taxi-suicide...

Or these ones, who saw VC funded delivery services stealing their tips:

https://www.nbcnews.com/business/business-news/why-instacart...

And so on. We would also like to see social media held accountable for the harms done to children and communities and for our existing laws against anti-competitive behavior and collusion to be enforced against search and software platforms.

The chutzpah of the Silicon Valley influencer crowd over this weekend has become seriously fucking unbearable.
My feeds are full of sociopathic libertarians calling for government to make sure they never suffer any consequences for their failure to adequately manage risk?

Many of the people expressing this frustration are in favor of having the government heavily involved in preventing this kind of thing and helping if it ends up happening.

But if we’re going to regulate let’s fucking regulate.

To the tech people unhappy with screeching my reply is that there is nothing special about your humanity here. Your lives aren’t more important than the lives of the children of employees at the Carrier plant in Indianapolis, or the workers at the Amazon faculty on Staten Island.

If your values system only applies to you and your friends it’s not much of a values system.
because the fed is targeting a 2% inflation rate. Laissez faire policy led to the Great Depression. The lesson there was the downs absolutely do not need to resolve on their own without government involvement and LF was abandoned. The reforms from it significantly contributed to the growth and stability from thereon.
Exactly. Rules for thee but not for me.
Why did you write two separate replies to the same comment?
No, they were right—languages change and a single tilde (~) definitely means approximately: https://en.m.wikipedia.org/wiki/Tilde

Most people associate a double tilde with “approximately equal”.
Years ago the motoring media was very excited by the idea that electric cars could have a shared “skateboard” and then a coach-built body on top. Surely this DeLorean would be an excellent application of this - standard platform plus shiny bodywork and fancy doors! Why do they want to build a whole platform from scratch just to cash in on the nostalgia?
Please keep this subthread's context in mind - it starts with

> The only thing anyone is asking for...

And my comment is about what those people are asking for. They're claiming they're not asking for a bailout, while asking for a bailout. They are confused, or lying, or both.
> Money to depositors for amounts greater than $250K is a bail out. They have no right to that money from the Feds.

No. The feds aren't giving anyone fed money, they're selling SVB's assets and giving the people they owe their own money back. There isn't enough money to give everyone 100% back, so they won't be getting 100% back. There's no extra government money making anyone "whole". They're just winding down the assets so they don't all get stolen like FTX.
>Linux happened and nobody paid (in the beginning)

Red Hat started in 1993 and SUSE in 1994. So you got 2 whole years before money entered the picture.
From @commbankerguy | https://twitter.com/commbankerguy | on Twitter on evaluating your bank, where more than one factor should be in play to probably be of concern:

https://twitter.com/commbankerguy/status/1634637082659364866

1. Red flag if cash as % of assets or deposits is below 3%. Meaning can they handle a withdrawal of up to 3% or is cash tied up in bonds.

2. Red flag if tangible capital is under 4% after looking at bond portfolio as % of tangible capital (this one wasn't totally clear, but I think get the idea).

3. Red flag if over 20% of liabilities are brokered deposits and/or funds borrowed from FHLB. If the bank is not well capitalized those funds become restricted/unavailable.

Also:

High concentration of consumer deposits is less likely to face destabilizing run.

For example @commbankerguy says:

"If 50% in brokered/FHLB and capital level of 5%, I would recommend you move your money if over $250k." https://twitter.com/commbankerguy/status/1634764850126520320...

@Citrini7 shorted $SIVB in late 2022 after marking their holding to market and finding their book value was negative. https://twitter.com/Citrini7/status/1583593158738612226?s=20

Then this dude created an SVB recovery analysis that is legend:

https://docs.google.com/spreadsheets/d/13OyOLDePh85Wna5xcyTi...
” Depositors shouldn’t get anything beyond the insured $250,000”. Then what do we do with the billions in remaining assets? Appropriate them, and leave small and mid businesses hanged to dry?

“This is a bailout”. It would be if shareholders were to get their money back, which doesn’t seem likely. The government will use the bank assets to make customers, not owners, whole.

If the bank had sufficient assets to make all depositors whole the FDIC wouldn’t have stepped in. It doesn’t.

I assume, then, you agree uninsured deposits ought to take a haircut proportional to the shortfall?

If so, you have the same position as all the “salty” posters.
This is short sighted. If the government doesn’t make depositors whole then people and companies all over the world lose trust in US banks and eventually US dollars. This is a federal problem.

It makes sense to make depositors whole, they’re innocent here. It doesn’t make sense to make SVB whole for managing their risk poorly.
It makes more sense now. Back then we did not have as many good tools for remote collaboration. My business had certain other constraints that made physical space necessary.
I believe they should be (should have been) Vertu and Savelli phones:

https://www.forbes.com/sites/anthonydemarco/2015/02/14/a-jew...
If this wasn't 2023 I would have taken this for a joke website just a few years ago. It reads like classic google april 1 joke or "not the onion" headline.
I for one welcome back the days of napping at my neo cubicle
I've read some conspiracy theories on Twitter that it might be a clumsy attempt at market manipulation: i.e., he'll hype up stocks that he (or his friends/superiors/whoever else) want to sell and talk down stocks that he wants to buy. Because those actual investment decisions are somewhat sound, you get that amazing "inverse performance".

But I've got no proof for either theory and your's is definitely the more entertaining one :D

Also I guess you have to give some kind of credit to a guy who not just spouts bullshit but invents entire bullshit concepts such as "room to grow"...
I don’t browse much Twitter so maybe I’m just sheltered, but this is the first time I’ve scrolled down and seen extremely explicit pics (presumably spam to make people click). Is this normal or have twitters filters started to fail?
Depositors get deposits back because their deposits are wrapped up in SVB assets. Once those assets are liquidated they get what is theirs. This could end up being less that 100% if the assets end up being sold for less than the total deposits.

The FDIC insures that no matter what you are covered for up to $250k. Let’s say the bank had zero assets then all deposits would get their $250k and likely nothing else since there’s no other assets to sell and distribute. This could have been the case if SVB had larger losses or turned out to be cooking the books or something. But that’s not the case here. They have the depositors money, it just happens to be in illiquid assets that they could’t liquidate fast enough to cover the bank run withdrawals.
It is very feasibly for people to split their deposits into multiple accounts. My mother does it and her savings total are a fraction of $250k.
Not all security researchers are security professionals. A lot of bug bounty hunters and exploit researchers are desparate to be employed at a famous firm (e.g.:project0).

Anyone can fall for a phish and even open the document but the lame part here is enabling of macros. My guess is that people that work with exploits are too focused on exploitation, they don't think about simple social engineering like this.

Having spent several years in this area of security, what you have to understand is that everyone, without exception, once their guard is down it is game over. For example, you never ask a person if they clicked on a suspicious link or email because if the phish worked then in the victim's mind it is still legitimate. I have had people argue with me about the legitimacy of the email after they were compromised. Unless you think about this every day,your mental defenses stop working the moment you are convinced it is all real.

Let me put it a different way, our brains do pattern recognition, they don't do parsing. A sentence could be worded all out of order yet if the pattern matches we read it in the intended correct way. Our brain auto-corrects (and this also applies to vision in general lol). If you are trying to be a researcher at google or microsoft and you have been corresponding with a person you know is from there and is offering you a job, when you see a macro you will probably think "I can't believe a company like this uses macros" not "hmm, what if all if this is a scam" you are too caught up on the reward the social-engineer is dangling in front of you.

The best defense against this is segregation. Use a separate physical machine on a separate physical network (minimal usb drive reuse between them) to separate where you open your email, chat, visit random sites vs where you do research, store important docs,etc...

If this was a corporation I would say the second pc would be a "privileged accesss workstation" (MS term).
Businesses need to pay their employees from the money they have not from taxpayer money. If a business loses that money because their banking partner lost the money, taxpayers have no obligation to help (beyond the 250k)
I read that. I still don’t know what FLOW is.
War of the Bucket
This seems to be a core argument for those in opposition to shareholders getting liquidated bank assets vs depositors, but I don't really understand it because it seems to be kind of arbitrary. So there's fdic insurance, that's nice, but why does that mean anything regarding whether depositors or investors should be made whole first? The more important and real question is which option has what outcomes in terms of future investor behavior, or future depositor behavior?

If it's a question of rigid legality that also doesn't make sense to me, because from what I remember from 2008 was the government's legal options were incredibly widespread.
The 250k is messaging to minimize moral hazard. You want banks and depositors invested in minimizing their own risk.

I'd guess hesitancy to immediately declare full guarantee of funds is also due to these concerns (although there may be other reasons as well). The sweet spot here maximizes the appearance of consequences while minimizing actual fallout.
> "Such floor plans and building shapes translate well to apartments (although, of course, a common bathroom for 20 units won’t do)."

Every floor would have to be completely ripped out and replumbed, you'd also want more insulation to avoid hearing the neighbors, ventilation systems for the kitchens and bathrooms, and probably about a dozen other issues necessitating a complete reconstruction program. It might be somewhat cheaper than building new housing from the ground up, but it's not going to be a quick easy operation.
I believe “you create for free and live poor” vs. “you need to monetize your work via ads” is definitely the wrong dichotomy.

You can simply create out of inspiration, while having a job that pays your bills (that is actually how a lot of OSS happened). Or you could publish some work openly, while suggesting the reader to buy your book, for example.

Over-reliance on ad-based model and the resulting prevalence of double-sided “social” platforms where the advertiser is the customer, actual user needs count for nothing because no one will leave and no honest competitor can compete with “free”, most certainly seems to me to be at the root of a lot of dysfunction—if these platforms make more money from engagement thanks to aggravating inflammatory posts, regardless of whether they are well informed or in good faith, then that’s what they will promote and reward one way or another.

The expectation of “free” is part of the problem, sure, but I don’t think that’s the cause. The cause can probably be distilled to “abuse of information asymmetry in free market enabled by regulatory inaction” (free market is great, but in presence of malicious actors it needs some regulation or it stops working). That leads to the aforementioned platforms, then the expectation of “free” and non-appreciation of work published completely for free just out of altruism or to feel pride/recognition, and generally goes counter to how the market is supposed to work.
I am fairly sure that the FDIC does not want people to need private insurance for bank deposits. This is a big sign your banking system sucks and is expected to fail badly at least some of the time, the avoidance of which is why the FDIC exists.

And, yes, opening ten checking accounts is difficult and inconvenient.
Are all JPEG compression implementations the same?
At work I recently got a bunch of images and their instructions for compressing them were basically to just open them in photoshop and save them as JPEGs. I figured I could automate this process but right now I'm running into issues because photoshop's ExtendScript is poorly documented (ChatGPT doesn't even know it). Id like to use something else but I have to know first, can I expect to get similar results from other implementations or is there something special about how photoshop exports JPEGs that makes it neccessary?
I think the 'help' isn't financial help...

It's technical help and the ability to temporarily ignore certain laws to expedite the process of migrating customers to a new banking platform.

For example, KYC laws might require a signature from every director of a company to open a bank account... But when migrating an account from SVB to another bank, the government might allow that requirement be ignored for 30 days.

Or the government might allow existing SVB computer software and technical systems to continue to operate in certain cases where migration to a new bank is technically a long process.
Well what do you mean by cash?

Keeping cash in a vault is of course highly impractical, and also doesn't produce any money for you or the bank. If that's what you want, I think you could find it but it would be at a security company (security as in guards), not a bank.

The electronic equivalent would be depositing the money with the federal reserve. (What they do with the physical bills I don't know! But most deposits would be coming in electronically these days anyways.) However, up until the passage of the Emergency Economic Stabilization Act of 2008, the fed didn't even pay interest on reserves. [1] Now they do, but until 2022 this rate was only 0.15%. [2]

The first problem with this would have been it didn't provide enough money to run the bank. SVB's non-interest expenses were over $2 billion annually for the last 3 years, so with $200 billion of deposits you need at least to earn 1%, just to keep the lights on. Also your deposits will go up and down but you'll still have to pay your rent, so better be more than 1%. (This is how they ended up invested in longer duration treasuries, to earn more money by taking on greater interest rate risk.)

But the more fundamental problem with just keeing the money at the fed is that I don't think they would let you. It is not, traditionally, the social-economic purpose of a bank to just collect deposits and do nothing with them. Instead, the bank is supposed to take in deposits and then provide loans to the community (credit cards, business loans, mortgages, etc.). Probably this purpose has gotten a little fuzzy over time, since banks are not holding on to the loans, but it is the basic idea.

There is a company calling itself "The Narrow Bank" that actually wants to do exactly this, deposit all client money at the fed. [3] Tellingly, the fed has not granted them approval yet to do so. Maybe they will! But notice that this proposed bank is bare bones: no physical branches, no tellers, no ATMs, no FDIC insurance, just a place to deposit vast amounts of money from institutional clients and earn money from the interest rate spread from the fed vs what you pay out. I do not think such a bank would be very popular with many "regular" people or businesses, who have needs beyond just stashing money under an electronic mattress.

[1] https://www.stlouisfed.org/open-vault/2018/april/why-fed-pay...

[2] https://fred.stlouisfed.org/series/IORB

[3] https://www.tnbusa.com/2022/04/tnb-seeks-to-become-states-ne...
> The VCs would immediately come up with another reason why ALL depositors need to be made whole immediately.

What do we think the end-goal of these VCs is?

Hypothetically, why would someone want to see a run on SVB? How could you benefit from all of this?
The point is that it's able to produce content that hasn't been made before, it's not just giving back examples from the training set. It's able to--yes, with instruction--combine concepts logically to produce something new.

If I ask a random person I meet to write a poem with the same instructions as were given above I'd be surprised if they were able to come up with something as good as ChatGPT.
The Greg Becker of the article (SVB CEO & president) was in SF Fed board of directors until Friday [1]. The current risk officer worked at NY Fed [2]. Previous risk officer was director of Freddie Mac [3]. Yellen was the 11th President of the SF Fed [5] and the current president is her protégé [6].

They knew exactly what they were doing. The Fed looked the other way. They sold a lot of stock in the past month [7]. They are very well connected into the Fed and Treasury. I doubt anybody will get any kind of serious legal troubles.

[1] https://www.reuters.com/markets/us/ceo-failed-silicon-valley...

[2] https://www.svb.com/news/company-news/svb-hires-kim-olson-as...

[3] https://www.linkedin.com/in/laura-izurieta-1370144

[4] https://fortune.com/2023/03/10/silicon-valley-bank-chief-ris...

[5] https://en.wikipedia.org/wiki/Janet_Yellen

[6] https://en.wikipedia.org/wiki/Mary_C._Daly

[7] https://twitter.com/unusual_whales/status/163455502148748083
In that case, we would perhaps still be a millennia from the technology required to get there. Imagine the fuel required to get to Mars with air resistance! The materials that would be required to keep the plane from being destroyed by the heat and vibrations from the speed for such a duration!

The heat dissipation required would presumably be immense with that constant acceleration due to air resistance.

I think we can be glad that space is a hostile vacuum.
The 250k will happen Monday and is not in question, the rest will come in bits via special dividends as they sell assets, it may or may not reach 100% of deposits over time.

If the fdic has any sense they’ll announce up front the exact figures though and announce it is close to 100% for depositors to make sure this is contained, ideally through a sale to another bank, if not they’ll have to run it. Bondholders and shareholders and svb employees get wiped out.
> I think my only hope is accepting anything

This is the answer. Consider it a paid internship, do it for 15 month and then go make double somewhere else.
Maybe we should have a public banking option if the government's going to give everyone their money anyway