bostik

29 ms·

391.
by bostik 3y ago
> Though people sometimes pretend otherwise, a lot of research is dressed up informed opinion, put into a formal setting with standardized argument styles so that it can be compared and assessed against other informed opinions. None the
392.
by bostik 3y ago
If you're doing any kind of science, recording provenance for your inputs should be table stakes. Bad science isn't about hiding or obscuring the origin of the data, it's about being sloppy, incompetent, or even flat out will
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by bostik 4y ago
> There is ~zero chance that you actually are Mr./Ms. Special, who your employer will happily treat differently. Except when you are. When I turned in my notice (in writing), I noted that according to my contract my notice period
394.
by bostik 4y ago
The Maltese gambling regulator did something like this back in 2016. While the idea is good (and I support the practice in principle ), it was a dismal failure in aggregate. Devil's in the details. The regulator pre-negotiated approv
395.
by bostik 4y ago
At least in the book, PayPal Wars , there is a notion that Musk effectively bought his way in to PayPal. He was running a competing payment service, named "X" or something like that. PayPal had better mindshare and tight eBay int
396.
by bostik 4y ago
I would say that open source as a movement sprung up from the principles of early netiquette[0]. Which themselves were built on the foundations of sharing your knowledge with your peers. Whether you were trawling Usenet or just a presence i
397.
by bostik 4y ago
Do we have a HN Hall of Fame for comments? Because this one surely would belong there.
398.
by bostik 4y ago
Those will be a huge part of the actual due diligence process. I've been on the receiving end of a very intrusive one, and it was essentially an arduous multi-week long audit. (IIRC four weeks of evidence collection, followed by ~8 d
399.
by bostik 4y ago
Reminds me of the classic aerospace joke. Q: In the age of Pentium, how do you pronounce IEEE-754? -- A: AAAAAAIIIIIIEEEEEEEEEE!
400.
by bostik 4y ago
Yeah, terrible places. You should visit an established one some day. Helsinki. Stockholm. Berlin. London. Amsterdam. Prague. (Oddly enough, the parts of Madrid I've seen were less mixed.) You don't have residential and heavy ind
401.
by bostik 4y ago
Let's preface this by stating that I'm looking at things from outside the US, but nonetheless mildly affected by SVB's collapse. There is already talk about rules being changed so that in case of an implosion like SVB, the ex
402.
by bostik 4y ago
As much as I dislike FB, and I certainly abhor their activities related to the genocide - I think this is far too different. Rohingya is a textbook example of blind optimisation and lack of context awareness. FB looked at a region, and peop
403.
by bostik 4y ago
I'll turn that around: if as a bank your risk modeling does not account for outlier events, you're dead. Because the way banks and bank accounts are used these days (eg. payroll providers), the society is not willing to accept the
404.
by bostik 4y ago
And SVB were one of the banks lobbying for that amendment. At the time they were falling close to the $50B limit themselves. So they certainly would have known at the time that being subject to the stricter regulations would have hurt their
405.
by bostik 4y ago
From all the information I've gathered, there is an unstated aspect to this. If any number of HTM bonds are sold to cover withdrawals, then all of them must be revalued and losses realised on the whole lot.
406.
by bostik 4y ago
Yes. Every big bank[x] has to submit daily risk reports. If those reports are late by more than (IIRC) 48h, they feel the consequences. Then there are end-of-week, end-of-month, and end-of-quarter reports too. The daily reports may take a c
407.
by bostik 4y ago
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
408.
by bostik 4y ago
I'm going to copy-paste a good chunk of my answer from an earlier thread. (Original: https://news.ycombinator.com/item?id=35101797 ) - the article "The Demise of Silicon Valley Bank" wasn't on the front p
409.
by bostik 4y ago
It's not an accident that the "V" is often read as "vulture". The only way to prevent someone from stabbing you in the back is to stab them first. People often equate finance to gambling, because even the terminolog
410.
by bostik 4y ago
What a strange game. The only move to win is to cheat.
411.
by bostik 4y ago
Funny, I usually blame the courier first. Some have an established track record of delaying deliveries, or claiming that they tried to deliver but nobody was at home. (I call the latter the "Finnish post office" strategy.) Repeat
412.
by bostik 4y ago
In this case they created a new bank. From an outsider's perspective, it implies the bank run was either too sudden, or SVB would have been too expensive, for FDIC to be able to run an expedited auction. In one of the earlier two threa
413.
by bostik 4y ago
The article gave two numbers I didn't know about, and both came as a surprise: > As at the end of 2022, it had 37,466 deposit customers, each holding in excess of $250,000 per account -- and -- The bank does have another 106,420
414.
by bostik 4y ago
The best practices are built on solid first principles, and you can get a pretty good grip on them from the High Scalability archives. Back when they posted actual tech articles, their content was some of the best available anywhere. Since
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by bostik 4y ago
I want a faster horse, or at least one that isn't saddled [sic] with the weight of all the crap hoisted on it. The winning formula may well be something like... "OK Google, now repeat that search with all the SEO spam and content
416.
by bostik 4y ago
There's a wonderfully blunt saying that applies here (too): you are not in the business you think you are, you are in the business your customers think you are. If you offer data volumes, the low water mark is how EBS behaves. If you
417.
by bostik 4y ago
> For the most part they don't need to know about concurrency [...] In my opinion, this is the part that Go got mostly right. Concurrency is handled by the runtime, and held behind a very thin veil. As a programmer you don'
418.
by bostik 4y ago
Or, you know, just rebrand the unemployment office and expand its mission. Call it Logan's Run.
419.
by bostik 4y ago
Getting to the point where the disease is really gone is not an easy state to reach. Polio has been eradicated, yet we have small, latent pockets pop up every now and then. London in 2022, for instance: https://www.bbc.co.uk&#x
420.
by bostik 4y ago
> artificially manipulating supply (liquidity) is at direct odds with a free market's ability to do price discovery. [...] there are an infinite number of buyers and sellers willing to transact at any moment. No, there are not. Th

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