ummonk

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751.
by ummonk 4y ago
The U.S. Copyright Office seems to be living under a rock and completely unaware of how much creative work goes into prompt engineering, as well as selecting the subsequent image and applying variations to it until it meets the human's
752.
by ummonk 4y ago
Really? As far as I know, Rust’s borrow checker was a newly developed approach to memory safety. There have been other non-GC/RC approaches to memory safety in e.g. Cyclone or Ada but Rust’s system is novel. Likewise, Julia’s use of ju
753.
by ummonk 4y ago
I’m sure a stochastic parrot model could be trained to exhibit reasoning, but the issue is that there isn’t any automated loss function which can discern whether the output of a large language model exhibits reasoning or is illogical. When
754.
by ummonk 4y ago
I don’t have a massive pool of skilled slave labor I can delegate work to, but I can delegate work to ChatGPT.
755.
by ummonk 4y ago
Cutting off water to your own citizens because they’re under foreign occupation is certainly a provocative move that will put the legitimacy of your government into question, yes.
756.
by ummonk 4y ago
Damming water to Crimea and shelling civilians in Donbas for 8 years is hardly “unprovoked”. It might not be sufficient justification for such a deadly and destructive invasion but it’s certainly provocation.
757.
by ummonk 4y ago
If anything it’s the opposite issue that could be the nail in the coffin - wealthy Chinese are pulling their money out after Switzerland decided to adopt sanctions against Russians.
758.
by ummonk 4y ago
Fractional banking has been a driving feature of capitalist growth for several centuries now. As to "exceptions", there isn't any exception here. Standard practice in every bank collapse after IndyMac has been that depositors
759.
by ummonk 4y ago
What gains? Depositors weren't getting gains, they were storing money in very low interest (far below inflation or money market yields) checking and savings accounts.
760.
by ummonk 4y ago
The banks get their money from their profits. Same as how they would have taken an even bigger loss to their profits if this contagion had been allowed to spread.
761.
by ummonk 4y ago
Nobody asked for bailouts to crypto banks / exchanges though.
762.
by ummonk 4y ago
Libertarians invested in FTX and other crypto banks. They haven't demanded government bail them out. Businesses putting their deposits in reputable regulated banks is a different matter. Nothing libertarian about that. They're fol
763.
With Signature Bank’s Collapse, US Reformer Barney Frank Watches His Bank Fail(bloomberg.com)
2 points by ummonk 4y ago|1 comments
764.
by ummonk 4y ago
Given the way this post title was compressed, it’s rather apropos that the post showing up right next to it on the HN front page is “Punctuation Matters: How to use the en dash, em dash and hyphen”.
765.
by ummonk 4y ago
Naturally aspirated.
766.
by ummonk 4y ago
They can move their accounts to credit unions (which won't get taxed by the FDIC) if they're so upset by these higher fees.
767.
by ummonk 4y ago
Well it's voters across the US, especially in urban areas with booming economies. Some places are trying to construct housing but can't cope with the influx of new homebuyers. Since there are no internal immigration restrictions
768.
by ummonk 4y ago
No that's exactly the lesson that they (the banks and the government) don't want people to learn. That lesson had started causing a run on every single bank except the very largest mega-banks. Stability and trust in reputable bank
769.
by ummonk 4y ago
Regarding the workers of SVB itself, I'm not sure what will happen once the receiver process is finished, but for now workers are being given 1.5x pay by the FDIC for staying on. Hopefully they'll be able to stay on afterwards via
770.
by ummonk 4y ago
Possibly, but Dodd-Frank wouldn't have prevented what happened at SVB.
771.
by ummonk 4y ago
That and the Federal Reserve is offering extra capital to other banks to help them weather the runs currently happening.
772.
by ummonk 4y ago
Bank market caps had fallen something like 100 billion last week. Compared to that the cost of any special assessment will be miniscule.
773.
by ummonk 4y ago
Signature Bank going under is proof that contagion was indeed happening, contra what some people (e.g. Paul Krugman) were saying. This decisive action by the government (both ensuring depositors will be made whole immediately, and the Feder
774.
by ummonk 4y ago
People would have been paying much more through their bank deposits and mortgages if this contagion had been allowed to spread unchecked. Banks benefit from stability in the financial system. They'll happily pay a small special assessm
775.
by ummonk 4y ago
Yeah it's an investor who invested in a debt instrument offered by the bank. So CD holders will be made whole but holders of any corporate bonds won't.
776.
by ummonk 4y ago
They'll be less affected than they would have been if contagion had been allowed to spread unchecked. All banks have a vested interest in the stability of the financial system in general.
777.
by ummonk 4y ago
That just moves the source of risk to the company selling you that insurance. If they go under as well, then that insurance is worthless.
778.
by ummonk 4y ago
Without the run there is a decent chance that the bank would have been able to complete its stock offering, recapitalize, and remain in operations despite past mismanagement. So while information about the mismanagement is what caused obser
779.
Venture Capital Statement of Support for SVB(docs.google.com)
3 points by ummonk 4y ago|1 comments
780.
by ummonk 4y ago
It doesn't have the HTM red flags around unrealized gains but it has similar red flags about a panic-prone undiversified and uninsured depositor base. Solvency is irrelevant when depositors panic and start a run on the bank anyway.

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