skysight-inc/HackerNews huggingface dataset:
Exactly. If you’re forced to use SVB because of your founders, you don’t have a recourse on the bank.

But there is also a risk question that companies are responsible for that I see is glossed over. No, you shouldn’t have to spread your business accounts to limit them to 250k. But you must know it’s not insured above this, just like a money market account is not a guaranteed rate of return or even guaranteed against capital loss.

I’m just spitballing, but for example what was the rate on a “money market” checking at SVB versus other larger national banks? If it was much higher, it immediately indicates higher risk in a business checking account at SVB to get those rates. You can see this way back with the old junk bond / Lincoln Savings fiasco of the 1980s, or with 2008 MBS, or CD accounts in early 2000s.
Not possible to self host though.
1) You can sell your slot to someone else. Bad idea. Now we'll get slot hoarding.

2) Why does the website like need a chat? Not to mention the obnoxious chat popup sound...
I don’t know about caprover.

I like Cloud66 because:

- Pricing is fair. I spend 100$/month for my stack
- They back up db and host it to a different cloud provider (AWS)

- It’s easy to import Db

- UI is clean and easy to use

- It’s easy to switch vendor. Just clone the app and it will install all in a new server.

I have switched from Digital Ocean to Azure in a couple of hours with 30 min downtime.
No. A bank that refuses a demand on a demand deposit account is by definition in default.
Just reuse the entire cast of Silicon Valley. About the same level of competence in this situation.
As Warren Buffet puts it, "[i]t takes 20 years to build a reputation and five minuted to ruin it. If you think about that you'll do things differently."

As more and more hiring managers put Stanford resumes in the recycle bin, I suspect a confluence of decreasing applicants and pressure from alumni and donors will force Stanford to drastically change its policies.

Why would any hiring manager take a chance on a Stanford grad when there are no clear upsides and virtually infinite downsides?
The lack of understanding here about how banks work is astounding. Are these the same people who feel it's their God given right to "move fast and break things"?

Disruption is great. Too bad for the music industry. Too bad for journalism. Too bad for legacy taxi services, etc. Disruption is great, except when it happens to you?

Aren't we all here in the business of managing risk? Or, after a decade of cheap money, has it just become all lip service?

"It's not my fault!" [1]

This recession is going to be brutal, but it's been a long time coming. Thank God money is going to start having value again.

[1] https://y.yarn.co/9c4c1fa3-fb64-4132-b44f-7cde70eafd0f_text....
Holy cow. I never considered this!

I guess it would also explain why the games I would write in 2011 on a netbook ran so smoothly on every other computer I tested them on, despite using the legacy OpenGL 1.1 API, etc. etc.
9 days later and its now possible to run a 65B parameter LLM on a 64GB macbook pro, significantly outperforming GPT-3, OpenAssistant has announced that they got more than 100,000 samples of RLHF to replicate the 'Chat' component, Kobold Horde now supports Llama-33B for anyone to try in a playground with no censorship, and at least 4 other independent projects are spun up to develop at-home LLM tooling.

People want good text models at home.
Over 50% of startups fail. If you factor in acquisitions as failures, the number is closer to 90%.

HN has been around awhile and has been a hotbed of the same starry-eyed startup dream for a couple generations of young people getting on the carousel now, so I guess I'm not terribly surprised if the attitude "welcome to the club, we would print you a t-shirt but our printer startup went out of business" shows up around these parts from the folk who have been on the ride awhile.

There are a lot of folks who read HN who had their dream crushed for a lot stupider reasons.

ETA: that is something I'd like to see more of here though. There's a lot of folks who have been through a bust cycle and survived it and even stayed in the industry. What kept you going? How did you come out the other side? Was it as scary as it feels when you haven't done it before?
Whether we like it or not, there's a symbiotic relationship with the economy at large and the financial system.

This is not limited to a few wealthy companies/individuals, but to the entire economy, and the cascading effect that this might cause.

The shareholders should not get anything, but depositors must be made hole, and soon.

Time will tell.
If they find a way to agree with the creditor to exchange the cash against shares, they won't owe anything. These shares are backed by long-maturity treasuries, MBS and future business of the bank.

Then the new owners of this bank, can decide whether to liquidate long-maturity treasuries at a loss, or raise new capital, or just wait it out.
They manage on presidential election night.

I’d watch it just for the ads. Crypto startups? Top shelf whiskey?
This seems like a better article which explains the context: https://stanforddaily.com/2023/03/12/president-law-school-de...

TLDR from the article: Stanford President and Law School Dean issue an apology to Judge Duncan who was invited to speak on campus by the Federalist Society — an SLS (Stanford Law School) student group — for a speech on “Guns, COVID and Twitter.” [0] In fliers put up in advance of the event, protesters called Duncan a right-wing advocate for laws that would harm women, immigrants and LGBTQ+ people [1]. SLS Associate Dean for Diversity, Equity and Inclusion Tirien Steinbach stepped in less than 30 minutes into his speech after Duncan repeatedly asked for an administrator to help control the audience. Steinbach gave a short speech of her own after Duncan asked for an administrator to come out where she asked Duncan if “the juice was worth the squeeze,” seeming to imply whether Duncan believed his messages were worth the resulting reactions [2]. While leaving the event early due to the disruptions, Duncan said to a protester, “You’re an appalling idiot.” [3] Many have taken offense at Steinbach’s intervention, with some even calling for her firing. The Stanford Review wrote in an article on Saturday, “If Stanford cares about free speech, it must fire any administrator who actively encourages these unruly actions against it.” [4]

0. https://eppc.org/wp-content/uploads/2023/03/letter-from-Stan...

1. https://en.wikipedia.org/wiki/Kyle_Duncan_(judge)#Opposition...

2. https://vimeo.com/806801455/16c79baa14

3. https://twitter.com/chrisgeidner/status/1634791941350064128

4. https://stanfordreview.org/fire-tirien-steinbach/
If you're claiming that startups are so systemically important that they need special protection, then you are also saying that they are so systemically dangerous that they need much more aggressive regulation.

Is that really what you want?
How much disk space does it use?
Have we gotten good enough at jet engines to be able to generate enough thrust in the upper atmosphere to turn planes into ICBMs for an ex-atmospheric inertial jaunt?
almost every online discussion these days seems to get filled with bloodthirsty people, HN is no exception.
You could start here:

https://github.com/jamiebuilds/the-super-tiny-compiler

That converts from lisp-like to javascript. Really though this is a big field, and there are lots of resources out there.

To get started look at your input language; you'll need to lex and parse that. Then massage the parsed structure into the appropriate output.

You can see me convert brainfuck to C, or x86 assembly language here:

https://github.com/skx/bfcc
I wonder how much of this saltiness -- both on HN, reddit, and mainstream media -- is due solely to the name of the bank.

If the headline was "California Regional Mutual Bank and Trust fails" (I made up the name, I don't know anything about banking, don't nitpick the terms) it surely would have still been newsworthy because of the size of the bank, but I suspect there would be less vitriol around the situation with the Silicon Valley connotation removed from it.
"there are plenty of people who have "healthy obesity", on account of muscle mass."

The sheer amount of muscle you would need to exceed BMI 30 (obesity threshold) is pretty rare to see "in the wild" and you have to ask how many such people abused steroids etc. to grow so muscular. Natural Homo sapiens build is fairly lean, we are no Neanderthals.

A very fit guy from a normal city gym may have BMI in the overweight territory (so, say, 26-27), but > 30 is too much.
I'm sure a bank limiting withdraws would have made matters even worse.
Employees should get small, 100sqft rooms with a window and one door. And non-urgent comms over IM. It's basically WFH but from the office.
Your nuance is one of the main points of the article.

«Nor does BMI measure where fat is located, which can make a big difference. Visceral fat jammed among internal organs is much worse than subcutaneous fat stored just beneath the skin.»
Alot of people are rightfully upset because the banking industry cannot seem to get its shit together.
Why do so many banking/financial crisis's keep occurring ?
Why are executives not being put in prison for ruining so many lives ?

People are reaching their limits.
Can I just open a bank account at the federal reserve directly rather than worrying about bank failure?
For me, who’s made the decision to live 1.1 miles from the office, my commute (either biking or walking) is a positive benefit. During Covid WFH I would try to get out for a similar length of walk in the morning, but it’s better for my brain to get into work mode by actually traveling to a different space.
It is a reaction to obese people being butt of jokes and now majority becoming obese. If you can't change lifestyle you can use contra views as coping mechanisms. Also, like anti-science believing in snake oils and flat earth over the internet you can live in an echo chamber custom made for you.
The problem is, this is not true. Look at the history of the stock market. There's a whole science about "Valuation". Like all sciences it has a long history and it evolves.

It has evolved, a lot over the years. And with it, the prevalent valuation of companies has changed, likewise by a LOT (generally going up, by a lot).

So you'll have to be more precise? There are many valuation philosophies, from Nprofit, to value of the physical assets of a company, Nrevenue, Discounted cash flow analysis, Growth stock ... which "reality", exactly, do you mean?

Some people even see the "in the end, we're all dead", as the "reality" at the end of the stock market. Eventually, they're probably right.
I really want to go to the USA to be able to do that.

Where some workers who didn't go to college make more than 6000/month, and are able to store money.

France here, you win 2000€/month (on a 36k/year job) when you graduate from an engineering college. And the government is about to lower social security to have you save in 401Ks anyway.
Yes, to an extent it's in the big bank's best interests to restore faith in the banking system. But mostly that's up to the government.

If Treasury comes in and says "we will make all depositors whole", that pretty much ends the contagion right there.
> If they hold those assets to maturity then everything is fine, and they can return deposits today if necessary because they don't need to sell assets to generate cash.

The federal government will be out of pocket by the interest rate spread if it does that. That is a bailout.
Are you getting useful content out of the 7B model? It goes off the rails way too often for me to find it useful.
> Even if the depositors had been earning unrealistic gains on their deposits?

They have not.

#Straw_Man_Fallacy
> most men who go to the gym frequently are in the category of "healthy obese"

Healthy obese because of muscle mass is the size of an NFL linebacker, not “most men who go to the gym”

ETA: yea, just checked. TJ Watt has a BMI of 30.7 (barely obese BMI). BMI only matters here if you’re TJ Watt lmao
Yeah, locally your data doesn't leak out. So if you're using the language model on any sensitive data you're probably going to want local.
As much as people complain about the TS type system’s complexity, it is just modeling real world JS. The vast majority of its complexity is hardly used in TS that doesn’t interop with existing JS, because you generally won’t write such highly dynamic code when you have to define its types. But it does allow for safer interop.

Even so, JS itself being so dynamic, TS still can’t claim full type safety.

And as much as people complain about the type system’s verbosity, many newer features are designed specifically to allow you to be much more terse while improving expressivity and safety. A great example: the satisfies operator lets you narrow a value’s type to conform to whatever it satisfies, and simultaneously widen it to whatever it adds (including anything optional in the narrower type). This is great for composition, only takes two words to accomplish. And its meaning should be immediately obvious at a glance once you know about the operator.
What's with the weird "2023/12/08" date?
It isn't just the UK.

The USA started with the ESTA thing, previously I'd just fill in the "visa-waiver" form on the flight.

Then (I guess in response) the EU (while the UK was still a member) agreed to the ETIAS scheme. Is has simply been delayed in its introduction - it was supposed to be operating now. Hence affecting US and UK citizens traveling to the EU, and for the latter "regional travelers".

So why should EU (or US) citizens traveling to the UK be exempt from a similar experience?

It isn't related to Brexit, As such. It just seems to be the way the world in general has been heading over the last 15 or so years.

(Brexit obviously has an impact both ways for EU/UK citizens, as within the EU club FoM applied. It doesn't any more - either way. So no-one is being singled out)
I bet that someone like Ned Gulley might be interested in writing a MC blog entry on that subject! He’s super nice/approachable, and can be emailed at his contact info on his profile*

The original generation of MATLAB creators and developers like Cleve tended to come from an academic UNIX/mainframe/HPC type background, and so they were big CL users and lived in vim/emacs. And that carried over to a lot of the programmers working at The MathWorks to this day.
For a lot of engineers I worked with who hack on the “guts” of the products (the language parser/interpreter/JIT, math internals, computational geometry and stats libraries, etc), the only time they’d fire up the IDE was at the pre-release bug bash every six months lol!

In my original post, saying the “majority” of TMW ran this way is probably an exaggeration, but a “sizeable minority” would be true.
Maybe Ned could run an internal poll and include those results in the blog post :)

* https://www.mathworks.com/matlabcentral/profile/authors/1409...
Just my personal, i.e. subjective, aesthetic response. I don’t see how it can be “wrong”, given it is a matter of taste.
The issue is it wasn't pension money. It was VC money, that's money intentionally being gambled in high risk endeavors. It's not right for thr tax payers to bail out rich VCs who gambles their money.

On the flip side, I also have worked in startups much of my career, and think I and people like me should be paid for our work. I think we should help the startups out, bail them out, but without helping the VCs. I think what that means is the startups effected should get their money back, but the VC owned shares of the company then become government assets that can be sold in the future to offset the cost of the buyout.

It's simply not right for government money to bail them out, but fornthe VCs to profit from it years from now.

Edited to add:
In the end the point I'm trying to make is that it's not right for us to take money from average non-rich Americans to pay back VCs (rich americans) who gambled their money. If the bailout comes from people that earn more than 500k a year exclusively then I'm all for it. But taking public money that was taken from a single mom who is barely getting by to do so is wrong.
Comma, question mark, stuff like that. There's an overview at https://en.wikipedia.org/wiki/Amharic#Punctuation
A350-1000 is an amazing plane, but still 20h straight is too much.
Would love to hear more if you’re willing to
Take the time and write it out.
For me the most important thing in a React app is to maintain readability, and I think the functional control flow helps with that. My initial reaction to signals is that they’ll hurt that readability.

But I haven’t used them personally so I don’t know. Will be interesting to see how folks do with them.
Should the browser use all available memory? (2021)
Are you imagining something like the Microsoft Excel Stream[0]?

[0]: https://www.youtube.com/watch?v=xubbVvKbUfY
It's definitely marketing but it's also a collected and analysed aggregation of real data. I read part of the last page as well, and there was an absolutely delightful sentence. To paraphrase:

"This document is an analysis by person X, based on his opinion. That opinion may change at any time."

That's a lovely, if corporatey way of paraphrasing the well-known quip "When facts change, I change my mind. What do you do?"

There's no doubt the document was prepared in a huge rush. Like any large bank, JPM would have had to get it out well before end of business on Friday. Wouldn't be surprised if they had to get it out before lunch! But that rush also means there would have had been far less time to polish it up, and indeed, the author points out that at least some of the industry figures were lifted as-is from an earlier report they had produced.
"My startup's entire cash position is gone and I can't make payroll next week, but hey at least I get these worthless shares of a failed company!"

Although these are all startup founders and VCs, so maybe the strategy will actually work.
It’d be cool to parse the JSON using the same memory holding the string. Intern the object keys and it should fit
How would skipping a stop have a negative influence on emissions? It must be the weight of the extra fuel, but I'm somewhat surprised it adds such a substantial overhead when you're so high up in the sky most of the time.
Can you point to a bank with more loans than deposits in its balance sheet?

(Honest question, I'm curious.)

As far as I can see the banking system in aggregate has more deposits than loans:

https://www.federalreserve.gov/releases/h8/current/default.h...
Then you’re agreeing that it’s an elitist point of view.
Inferior? "Cloud-based models"?

Not being reliant on a single entity is nice. I will accept not being on the bleeding edge of proprietary models and slower runs for the privacy and reliability of local execution.
Context matters.

An open office with 6 people? Likely fine.

Now put 2 of those people on calls all day.

Remove any sound isolation, dividers, drop-ceiling (it looks cool to have the warehouse look with exposed air ducting!), and give them hardwood floors. Is it still pleasant?

Now make it 60 people instead, and make the heavy callers 20 of those.

--

Offices are contextual, I have had offices that are 8 people properly spaced out with a couple of sound baffles in the room and they were described as "open".

I've also been thrown into a room where I was shoulder-to-shoulder with my nearest neighbours in a room that supposedly sat 45 people, with no drop ceiling, no dividers and hardwood floors... which was also described as "open".
Depositors and bondholders get the money first.

The reason SVB collapsed is because there's not enough treasuries to possibly even pay depositors, let alone bondholders or shareholders. If there were enough treasuries to pay shareholders, then the bank run wouldn't have happened in the first place. (The bank run on Thursday was caused by the sudden realization that there might not be enough money at the bank).

A buyout / successful auction is the best case scenario. If some bank out there is willing to buy SVB and make all their depositors whole again, then win/win for everybody.
> And since people need money to live, the people making that stuff need money.

Yes, but I believe advertising is a poor solution for that. Because it seems to tend to lead to optimizing for advertising at the expense of quality.

I believe crowdfunding is a better solution for a couple reasons.

1. Enough people want the thing to be made to be willing to front the cost for it (contrast this with advertising-funded journalism, much of which is just a constant barrage of noise rather than it all being something someone's passionate enough about making to pitch).

2. Over time, creators develop reputations for good or ill, and this enables trustworthy creators to start to bank on their reputation for future, perhaps riskier projects, while making it harder for untrustworthy creators to continue practicing.

3. Related to point 2, over time this optimizes for delivery of quality output (which is the most important way this is better than advertising, IMO). It does require quality pitches as well to convince people to front the money for the effort, but if you deliver a quality pitch and bail on the output, your reputation takes a nosedive.
I read that the FDIC is brutally efficient and, if this is true and SVB opens Monday under a different owner as if nothing happened, this statement will certainly be an understatement.
It's worth what the market deems it's worth, if the SEC doesn't keep dipping their hands in the market and halting trading, Reddit would have a chance to bid up the stock to some nonzero value.

It's not like the valuations of any other tech stock are based on fundamentals either.
I agree that some things are worth spending tax dollars on.

I do not agree that anything is worth spending tax dollars on.

IMO, a taxpayer bailout of Silicon Valley startups -- highly speculative businesses by their nature -- is a really poor use of federal funds.
Thank you! I think I just need to embrace python and get over my hate of whitespace as syntax; People call ruby omasake, but at least I can structure it how I like.
I recently changed over to cloudflare from ngrok. I followed this guide https://vitobotta.com/2022/02/27/free-ngrok-alternative-with...
I think friction is a big part. I’ve never paid for a website subscription but I have several subscription apps on my iphone because the payment (and cancellation) process is streamlined.
There are other methods to recoup the cost that actually hand something of tangible value to the customer (the physical mediums I mentioned, for example.) Handing over a digital asset for the same price, and then lambasting those who choose to distribute it freely, is 100% the shittiest way to do it.
This is exactly what Bitfinex did. Funny to see the same solutions proposed for actual banks.
It’s a different context to the article, but I think you make a reasonable point in that BMI is often used in stupid ways.

For example, when I went to get life insurance, the rate was affected by BMI, regardless of body composition.
Competitive advantage. If bigTechA and bigTechB discuss merging there will come a point in the due diligence where certain employees are asked to review competitive secret sauce of the other company with the understanding that if the merger unravels for some reason they will have to take a package and stop working for their current employer. I can't imagine the mbs/loan portfolio is that proprietary though.
Also so the maintainer can't stealth-censor the model.