twblalock

9 ms·

61.
by twblalock 4y ago
It's incredibly tiresome that the first post on HN whenever a company does a press release is going to be from someone who will never be happy no matter what was said. "What does take responsibility mean?" "This is just
62.
by twblalock 4y ago
A few years ago the NYT editorial board argued that inflation was going to be transitory because "it's not the 1970s." It was a smug, dismissive, and ultimately incorrect argument. Appealing to the past doesn't mean much
63.
by twblalock 4y ago
You don’t need to learn or use any of the new features. Most devs seem to still pretend they are writing for Java 8 anyway.
64.
by twblalock 4y ago
A library is able to lend out physical books because it bought the books. The publisher got paid when the book was purchased. Plus only one person can borrow a given physical library book at a time.
65.
by twblalock 4y ago
That's going to get easier too. Stanford can already get this far for $600, so soon after the major GPT-based chat AIs were released. Imagine how much better it will get with just a little bit more time.
66.
by twblalock 4y ago
There are lots of places to get compute, including Chinese cloud providers... The genie really is out of the bottle now. This is a lot like pharmaceuticals. The initial investment in a new medication is enormous. The price of each pill is t
67.
by twblalock 4y ago
Governments are really bad at limiting the spread of digital content.
68.
by twblalock 4y ago
This is why it's not possible to slow down or "stop" AI: once the problems are solved the solutions turn out to be trivial to replicate. All it takes is compute.
69.
by twblalock 4y ago
And yet AWS is pretty reliable overall, and certainly better than most in-house systems even at large companies. I know multiple people who have worked on AWS. There is definitely some manual stuff going on, but there is also considerable i
70.
by twblalock 4y ago
The web is a much wilder and less controlled place than it was a decade ago. All kinds of stuff the government doesn't like is being published all the time.
71.
by twblalock 4y ago
If this had happened in 2008 I don't think the government would have reacted as quickly or as well. We would have seen a wave of bank failures. One of the lessons learned from 2008, especially after the collapse of Lehman, is that acti
72.
by twblalock 4y ago
Yes but as an individual depositor, if you moved money this would not impact your decision. You got the safety you wanted.
73.
by twblalock 4y ago
> If even the Swiss can't keep it together financially we're in real trouble. The Swiss banking industry has been overrated for a long time. In this case it's not like a competent, sensibly run bank failed. Credit Suisse h
74.
by twblalock 4y ago
The big difference between now and 2001 is that we aren't seeing a lot of tech companies completely fail and go out of business like we did then.
75.
by twblalock 4y ago
This is a return to sanity -- businesses need to control costs and be sustainable, product ideas need to actually make sense, you have to prove you have a good idea to get investment, etc. This is good for the long-term health of the indust
76.
by twblalock 4y ago
Yes, most people cannot figure that out, but also it would not occur to most people to consider that when opting for a PIN over a password.
77.
by twblalock 4y ago
> Is it safe to rely on a 4 digit PIN? Obviously not, when there are only 10000 possible combinations. You shouldn't need Bitwarden to tell you that though. Most people really don’t know that. It is not obvious to a normal user.
78.
by twblalock 4y ago
Exactly. This is why every tradesman I know wants their kids to go to college.
79.
by twblalock 4y ago
All banks that were not in the “too big to fail” category were at risk as panicked depositors would have flown to safety in the arms of Chase and the other big banks. They would have done that even if their own smaller banks were just fine,
80.
by twblalock 4y ago
What you described is what happens during a normal bank failure. That happens fairly regularly to small local banks and it's not normally even newsworthy. That's not an adequate response to a systemic risk against the entire banki
81.
by twblalock 4y ago
It's not unusual. Only about 60% of deposits in US banks are insured.
82.
by twblalock 4y ago
We've effectively had 100% deposit insurance at the "too big to fail" banks since 2008 and the lending restrictions you are predicting have not happened. The fundamental problem is that we had effective 100% insurance at the
83.
by twblalock 4y ago
At the moment SVB stock is worthless and SVB does not legally even exist anymore. The government didn't buy the shares. Every shareholder got wiped out, unless something changes.
84.
by twblalock 4y ago
The systemic risk to the entire banking system was real and still is, and VCs banding together to save a single bank would not have helped. The systemic risk became real simply because a lot of people realized that SVB was not the only bank
85.
by twblalock 4y ago
That's not what Carter did. He inherited a bad economy from Ford and Nixon and failed to fix it. We expect our presidents to fix problems whether they caused them or not. At the end of 8+ years of a bad economy, oil embargoes, and lead
86.
by twblalock 4y ago
The rewards are socialized, because the small players would not have existed in the first place if not for the big players. All these small companies that were impacted by SVB only existed in the first place because VCs invested in them. Th
87.
by twblalock 4y ago
Culture matters too. Americans want different things than Europeans and Japanese people. We see this in most areas of life and it's not always because of marketing. There are also an increasing number of SUVs and automatic transmission
88.
by twblalock 4y ago
Yes, if you want good people you have to pay market rates. Some people in the medical profession may be willing to work for less money for a charitable cause, but not enough to run entire hospital systems.
89.
by twblalock 4y ago
Saying things doesn't make them true. He does not make a convincing argument. Trucks are much nicer than they were 40 years ago and our culture has changed as a result. 40 years ago few people would have considered driving a truck, the
90.
by twblalock 4y ago
The article splits out stats for urban and rural areas for all vehicle types. Notably all vehicle types become more dangerous in urban areas but even buses on rural roads are more dangerous than light trucks on urban roads.

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