skysight-inc/HackerNews huggingface dataset:
The assets are rolled into the new bank, to back the deposits. FDIC probably won't pay in very much in the end.

https://www.fdic.gov/news/press-releases/2023/pr23019.html

Several banks were wiped out in 2008. Other banks exchanged large amounts of equity for government funds. Establishing systemic stability by injecting large amounts of government money was seen as better than letting the entire mortgage system collapse (which is what likely would have happened if all the banks holding mortgage backed securities were left to unwind). The shareholders didn't get off scot free, the government ended up their major partner and sold the assets for more than they had injected into the system (which doesn't necessarily represent a profit).
Yeah, during the panic over SVB, I saw lots of argument that people with millions of dollars in cash shouldn't have to worry their pretty heads over managing that money. Lots. And I think that's true in the same sort of abstract way I shouldn't have to worry about how what I'm eating affects my health. All desserts, no vegetables, right?

But back here in the real world, arguing for eternal and unlimited taxpayer bailouts implies eternal and unlimited interference from the people paying for the bailouts. Capitalism is about risk and reward. It's about a cycle of gambles and consequences, good and bad, that helps society discover what works and what doesn't. If you take away the consequences, it's not capitalism anymore. Maybe you end up with socialism for the rich, maybe you end up with gray, bureaucrat-run playpens. But either way you lose the engine-for-progress part of capitalism, which I see as the heart of it.

I was talking with my retired aunt yesterday and she asked about the reaction here in tech-land to the SVB bank run. When I explained to her that there were people with millions or tens of millions in cash in one bank, she was gobsmacked. She is just getting by, and even she keeps accounts with two separate companies. In her words, "You never know!" The question she had that I couldn't answer: "How do people think history doesn't apply to them?"
It's called macOS, now that it's no longer on version 10, and it ain't perfect but it is miles beyond Windows when it comes to respecting the user, as far as I'm concerned. And, yes, I'd rather have an operating system that makes things easy for me -- "treats me like an idiot," pejoratively -- rather than one that's unnecessarily convoluted and full of crap.
Do Americans on visa get to benefit from universal healthcare? Surely not. They pay for it though.

Edit: I was wrong. Thanks for correcting me.
My group has gone through a few systems and we still refer to it as a "D&D" group and just understand that as referring to TTRPGs generally. I wonder how many there are like us.
oh shape right, like for bulldogs (artificially created by humans)
Relevant book: The Case Against Education https://www.amazon.com/Case-against-Education-System-Waste/d...

Written by an economics professor, this book argues that much of the value of education is signaling, and that we greatly over-school many kids.
Every Complex Banking Issue All at Once: The Failure of SVB
>The question is not whether Caesar was popular. The question is whether he could have been removed from power by political means if the people had wanted to.

This plays into the status games endemic to late Republics. To quote another maligned general that was merciful to the vanquished and cruel to the recalcitrant: "Your pretended fear lest error should step in, is like the man who would keep all wine out of the country, lest men should be drunk. It will be found an unjust and unwise jealousy to deprive a man of his natural liberty upon a supposition he may abuse it."

Caesar didn't proscribe his opponents. They killed themselves rather than be in sufferance of his mercy. He didn't attempt to become king or imperator. Augustus grasped his "inheritance" himself. Caesar revelled in his well-earned and legally-entitled glory that overshadowed those of his older, wealthier peers. What he did extralegally in the aftermath of the civil war, like Augustus, he did to conform with the facade of legality to protect the commonweal. Like Cicero, he lived to take the blame of necessity personally. Had he failed in the public eye is a pointless exercise however; He did not fail.

It's informative to ask: Was FDR a dictator? He had an unprecedented scope of power, illegally enlarged the executive branch multiple times, engaged in extralegal economic redistribution, defied informal term limits, and was beloved by the masses.

Yet, if FDR had lost any of his presidential campaigns, would he have left office and transitioned accordingly? There's not a shred, not a whisp, of evidence to suggest otherwise.

Sometimes, and I know well that we live in all too human times that make such people and their circumstances mythical, people do struggle to do good for their own honor and the sake of the public good.

To crib from the eulogy of a would-be American Caesar, executed amidst similarly trying times: "Few men are willing to brave the disapproval of their peers, the censure of their colleagues, the wrath of their society. Moral courage is a rarer commodity than bravery in battle or great intelligence. Yet it is the one essential, vital quality for those who seek to change a world that yields most painfully to change."
Financing startups is not the roll of banking. Banks are low margin and high volume.
i think all the post-manufacturing problems you describe with lead — dimensional instability, thermal creep, plastic deformation, incompatibility with hot high pressure environments, vulnerability to wear — are even worse with this filament

maybe an exception is that petg's maximum elastic strain is larger than lead's
SKonsole: Streamlining PR and Commit Message
What company is big enough to insure a $230 billion payout if just one bank fails, let alone more than one?
>Something similar exists for slavery (and Jim Crow) in the US, but we as a nation do not have the fortitude to confront our past in a way the Germans have.

Germans have no such fortitude. It was imposed on them through a victory that cost tens of millions of lives. Even then for many Germans its a surface level confrontation for the sake of political correctness.
>If you mark to market the bonds these banks are carrying you can see they are insolvent.

Do you have any sources/data for this? I saw something for BofA that indicated a $110b mark to market unrealized loss, but they have roughly $200b in equity so that wouldn't make them insolvent. I don't know if that $110b included everything or just a subset of their hold-to-maturity assets and would love to see more complete data for all big the banks if you have a nicely consolidated source for it?
Whoa, that explanation is really cool.

> capable of at-least C++ "constexpr"-style compile-time computation, which shouldn't even be possible if one presumes GPT is "just" a giant database storing only multidimensional word similarity scores and sequence distribution from text inference

I don't see how being a giant word-DB necessarily disqualifies compile-time computation. You can view computation as applying a series of term rewrite rules to an input until some sort of termination condition (or indefinite loop). In the case of these AI, the input is the prompt and predicting the next token is a limited form of term rewriting (where the rules are probabilistic and based off the network), and because code and explanations were probably included in the training data, it seems reasonable to me that the "rewrite rules" of Python bled a little bit into the AI.

It makes me insanely curious about the internal structures though. I gave that site 2 similar examples: one produces a correct explanation while another produces an incorrect explanation. The difference: a deleted line of insignificant whitespace

* https://whatdoesthiscodedo.com/g/dd2af89

* https://whatdoesthiscodedo.com/g/45ea060

From those 2 examples, I think its pretty clear that the AI's "rewrite rules" don't always coincide with Python's, but I would expect this to be mitigated by targeted training (like Copilot).
A friend of mine recently had an issue with PayPal and couldn't find a way through the support robots.

I think they've entirely outsourced their first line support to taxpayers via the CFPB and have no process to fix anything without you filing a complaint against them to get the ball rolling.
My entire identity growing up was L0pht, cDc, 2600 magazine, defcon, etc.

Even the "original" Hacker News was ran by a guy from L0pht.

Fond nostalgia for that era.
> And then when a dependency of one of your dependencies is broken agains the latest version

How is this any worse than Java? My most vexing dependency-hell issues have involved breaking API changes to Hamcrest matchers and Apache Http Client; more recently Jackson-databind. All of those are Java libraries, brought in via transitive dependencies, usually from Java libraries.
Not every bank massively grew by taking in billions of dollars of deposits that they didn't know what to do with in just a couple years.

Banks were only technically solvent before all of this, it isn't a big deal if they are now only technically solvent.
Zettelkasten is for facts you want to be easy to look up. Anki is for things you want to remember instantly without looking them up. I use both.
Dont forget the selective sharing of inside information and bailing out of only certain banks and investors, that just happen "by pure coincidence" to make large political contributions and extensive lobbying to government officials that make those choices.
Why don't banks charge to hold your assets? They're liabilities. You should have to pay the bank interest if you expect to be made whole. Rhetorically speaking, where is the restitution money coming from?

If you're making money in interest, dividends, capital appreciation, market value, etc., that's because your capital is being employed. That's risky and the profit (or loss) should be a function of that risk.

Banking as a pure store of assets feels decoupled from that objective.

I do think SVB depositors being made whole was good, but a hypothetical widespread failure event across dozens of big banks would be catastrophic. There should be easy liquid stores of value that are essentially zero risk for this type of failure, even if you have to pay for them.
There were definitely different cultures within the BBS world. I was on a fairly small-time but professionally run BBS that wasn't really part of the warez/hacker community. One thing that was different a lot of the time from Usenet was that, given you were dialing up from home at a time when telephone calls were expensive, if you were into BBSing, you tended to get a subscription to a local board, so it was fairly natural to form a local community around the main board.

I guess Usenet had some local forums but my Usenet experience was that it was mostly locationless. (The bigger BBSs like the one I was on had relay boards like Fidonet but there was definitely a local vibe on the main board.)

There also just wasn't a lot of overlap between BBSs in their heyday and the people who had access to the Internet from school or work.
I vouched for this to bring it back from being auto-dead, but I'm still not sure if it's a ChatGPT experiment or a new real user. It's a not a bad comment exactly, but it seems slightly off. Goldenpreppy8, can you speak for yourself?
Insuring balances is not 100% fine. Spitting money across banks decorrelates the risks. And presumably whomever is picking the actual banks involved is choosing them with some care. So the FDIC is surely fine with people opening multiple accounts.

But insuring 100% of the balances at a single bank creates moral hazard. It gives executives a bigger incentive to gamble knowing that their losses will be covered. They'll be less sensitive to long-tail risk. Their customers will be less worried about bank failure, and so more likely to place their money with banks that are taking more risk.
Anecdotally: I do a decent amount of DS work and use GPT to help me move faster through the mundane data tooling work like ingesting new file formats or updating schemas. This enables me to spend more of my time and energy on the interesting science parts (research, algo dev, experiments, etc). I don't see it as threatening the role, rather empowering it.

[usual disclaimers: LLMs hallucinate, never trust their output without review and testing, etc]
Here another illustration of how slices sometimes alias each other, sometimes not. https://mobile.twitter.com/erikcorry/status/1561635841495236...
It’s not the most realistic game, but I think my personal project Farmhand would fit here as well: https://www.farmhand.life/

It’s a GPL-licensed farming game where the value of crops and seeds fluctuate every in-game day. It’s inspired by the classic game Drug Wars.
I went to the medical center and then a hospital multiple times while on a month long trip in Spain and Portugal -- came down with a weird bronchitis thing affecting my breathing.

It was 100% free. So I definitely got free health care on a tourist visa as an American.
Many people have many reasons. Lots of prepper types. Personally I just think it’s cool and fun. Much more satisfying than just seeing a number go up on a website. It’s very cumbersome and dangerous to have a lot of gold though. There isn’t a great solution to storing it. Even a safety deposit box at a bank isn’t insured to more than I believe $200 of precious metals. So if the bank burns or floods or the feds seize it or it goes bankrupt then you probably won’t see that box again. I wouldn’t buy more because of that and also since it’s physical there are a lot of fees - shipping, insuring, storing, mining-refining-minting cost, fees from sellers, low ball offers when you sell yourself, etc. Big headache for larger amounts. But having a few thousand dollars in that form is neat. And it’s a bit of a hedge against any bad event - you can put a few in your pocket and land in any major city in the world and cash it in immediately.

Plus there are not really any other things that have held significant value for thousands of years. Other than perishables - so great for time traveling too
> Today, colleges and universities enroll about 15 million undergraduate students, while companies employ about 800,000 apprentices. In the past decade, college enrollment has declined by about 15%, while the number of apprentices has increased by more than 50%, according to federal data and Robert Lerman, a labor economist at the Urban Institute and co-founder of Apprenticeships for America.

So in the last decade:

Apprentices Undergraduates
2013 400,000 ~17,600,000
2023 ~800,000 15,000,000

Edit: Looking at these rough numbers, there are 2.2 million people unaccounted for, far more than increased the ranks of Apprentices. Where did they go if not into Apprenticeships?
I will scrub you as a marketing bot with my filter.

If they win the problem is not with them, but the legal system.

And you had just wrote their name in this post, giving them free marketing.
Good. Human scammers already exploit these weaknesses in our personal trust models. Important things are already verified in robust ways. What we've had for the past 20 years is a gap between people's old fashioned law-enforcement based trust models and modern ones like cryptography and DNS. It's people that need to catch up with how trust works. You even suggested yourself that you trust digital things as authentic. Don't! It's already untrustworthy and already being exploited.
Hey Hacker News community! Today, we're excited to share a unique and unconventional eBook that's 100% written by an AI writing model developed by OpenAI. "AI Scribbles: The Accidental Guide to Investing in Artificial Intelligence" is an experimental eBook that offers a fresh and playful perspective on AI investments.

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Practical Cybersecurity for Early Startups
I 100% agree that is the optimal way. But it can be useful to memorize 300 questions and answers in 72 hours if you have to.
Banks use deposits to fund loans and profit by the difference in the rates paid by the loan and the depositor.

It's a pretty good business model with a stable deposit base, but SVB got a huge influx of deposits and mismanaged it.
The Wall Street Journal is just News Corp.

We should not spread fake news here.
No extension. It should work by default. Two page view is in the menu at the top right.
In most EU countries if you get a job you will have access to universal healthcare immediately

If not, private healthcare is peanuts compared to the us (think $200/month no deductible no limit)
Gardening is my new thing after moving to the country side, i started growing all sorts of things now on the 3rd year we have 4 different gardens producing 80% of what we eat in the summer, its super rewarding and it gives me a break from those harder problems and suddenly after a few hours in the sun i can figure out what my issue was.
Nah, not a fan of the trades, sorry.

Worse job prospects, lower wages, and also debt too. People think trades are cheaper. They are not. You incur a cost because of training, and also opportunity cost from not finding work as easily, and time spent training, which may be unpaid. And then lower wages. You are better off with a generic 4-year degree from a mid-ranking school than trades, imho. Student loan debt has way more payment options, lower interest rates, and forgiveness compared to trades debt.

I'm assuming you are able to graduate from college. Dropouts would generally be better off going into the trades.
The Economist covers the topic of banks pretty much every week. Individual articles are mostly written to be short and approachable; depth comes through multiple articles over time.
On one hand, we can keep acting like companies are good stewards of digital information or we can look at the reality that the industry (books, movies, media, etc) does a reliably bad job at keeping sources around.

Now it is possible to keep media around longer as a primary source which seems extremely valuable given the technology that exists. Copyright laws are due for an overhaul, and maybe we'll see something that embraces the fact that we have a new Gutenberg press capable of spreading information.

Anecdotally, I'm a bit tired of subscription services add/removing videos or books from their catalog. I have cancelled, since I don't want to pay to be gaslit that I saw something that "doesn't exist". I know, I'm not paying to have everything forever, I'm renting etc. However, whatever their licensing problem is, it is Not My Problem (tm), and so I voted with my wallet. I don't like when companies exploit object permanence in a way that makes me feel like I'm the crazy one.

Lend like print is a good model, but that creates more DRM, which on the long haul has not panned out in the technology world as a good thing. There has to be a balance, but what of the long view? Publishers need less execs/admin, as publishing costs are dropping very deeply.

I think Brewster Kahle and team are doing a great work, and I hope they win.
“The set of queens of England is a singleton set.”

Hmmm.
The self-taught path can also lead to another kind of deficiency, which is someone who knows all the concepts but doesn’t know how to talk about them efficiently. This ends up being the type of person who spends 5 minutes describing a component of their design where items are stored based on a key and can be looked up by that key so another process can stash and retrieve those things rather than recompute them but the things only stay stored for a certain amount of time or based on some other criteria like how much space is available or how frequently they are fetched and—- and you cut in and say “so a cache.”

I used to have a particularly brilliant (not sarcasm; he really was brilliant) colleague who “invented“ lots of things that had already been invented and would have saved a lot of time by just bouncing things off others who would say stuff like “oh, so it’s RPC” or “oh, so like a distributed queue” and stop him from reinventing the wheel.
Storming of the Bastille
I did my Master's degree solely for visa. Nothing else.

What little I learned in Master's, I could have learned from online MIT/GaTech/Michigan/Stanford courses with much more flexibility, and for free. And a lot better quality, too.

All the "network" I built that was of any value to me was made in mailing lists, Twitter, Google Groups, and later Discord.
Prices at the supermarket keep rising. So do corporate profits
yes, after I posted that, I had the same thought.

but we spend a lot of time here talking about the lack of openness in AI, and some justified fear of the companies that own it smothering many other sectors the way search and cloud computer got smothered and centralized. a chatGPT@home large scale group effort would be sort of cool to participate in... but then I think, so many opportunities for mal-actor exploitation
Ghost of Tsushima Could Be Announced for PC Soon
Ever since Ghost of Tsushima was released on PlayStation 4, PC gamers have been hoping for a PC version of the game. While there has been no official confirmation from Sucker Punch Productions or Sony Interactive Entertainment about a potential PC release, there have been some hints and whispers that suggest it could happen soon.One clue came in the form Amazon, the removal of the ‘Only On PlayStation' label from Amazon was originally what tipped us off about Horizon Zero Dawn and Days Gone coming to PC in the first place. It seems Sony has decided not even bother with it this time round - perhaps they've accepted there's no point hiding something which everyone already knows? It certainly makes sense given how popular these games have become since launching on Steam and other digital storefronts.
Hopefully people will eventually see that the same way as they see a salesman saying "sorry, I forgot my uniform and business cards, but I really do represent XYZ insurance company, give me your money."
Yeah, outside of finance, it would seem like it's the opposite, signaling lower status and conformity.

Nowadays that's just not the case. Between credible certifications, blogs, gihub portfolios, open source projects, etc - I can get a TON of signal on you that would be more valuable than your college background.

But this is just a tiny subset of jobs though.
> hackernews, social media, television, sports, and even drugs

Aren't these also hobbies, just not very esteemed ones?
What I want to know is who was behind it. "You can't drive to the library therefore copyright is suspended" is a feat of such mindbending idiocy it had to be driven by a single powerful individual or a small group. I want to know who, because now there's somebody in the IA management that nobody should ever trust again, and until that info comes out the entire organization is suspect. Can you depend on them when they might decide to play legal Russian roulette at any moment?