[gr1zzlybe4r]

Any humility gonna be considered in the tech community? Like any at all? You're part of the establishment now and should be thankful that big brother stepped in and saved you.

Seems like tech is systemically risky and should be highly regulated.

[ishjoh]

> big brother stepped in and saved you True. People should be very thankful the government did this to allow people to keep getting paid and to keep these businesses solvent.

But depositors didn't cause the initial problem, which was a large hole on the balance sheet of SVB. That was done by bad investments made by SVB. That was not the fault of tech companies but bankers.

> Seems like tech is systemically risky and should be highly regulated. This goes beyond tech businesses because the risk is there are lots of small businesses with high cash deposits in bank accounts. If the same thing happened to a different sector would you also call for highly regulating their industry because they had high deposit amounts in their bank accounts?

[bilekas]

> Seems like tech is systemically risky and should be highly regulated.

What do you mean tech is `systemically risky` ? It's an investment and holdings bank, designed to take on certain levels of risk in order to facilitate fast growing startups.

That's why their market was so large, the OG banks who may be far higher risk avoidance couldn't supply the demand.

But that's a financial risk, not a tech risk.

> You're part of the establishment now and should be thankful that big brother stepped in.

This seems strangely targeted to make much sense of, are you referring to someone in particular ?

Regulation can be a very good thing, but highly regulated can be more of a hindrance than a help.

[1attice]

Ironic that on a post about groupthink, the one post that did not properly celebrate and idolize tech got downvoted.

So, I'll add to the OP's asked-for list: Hacker News.

Hacker News is the home of groupthink, because it's where smart people go to appear smart to other smart people. Its tendency towards homogenous opinion isn't a side-effect, it's the point -- because the nicer way of saying 'groupthink' is 'synthesis', in the dialectic sense. (Thesis + antithesis.)

I will go out on a limb and say that groupthink is what happens when the signal-to-noise ratio gets too good. When everyone hears exactly what they want to hear, because annoyances have been downvoted and greytexted.

Parent's tone is admittedly jagged, but, in a year where the ML thought products of my industry now routinely threaten to disrupt not just other industries, but whole social and political order, I cannot disagree.

Regulation is not fun, but we have it coming. Adolescence ends when you discover your fallibility.

[gr1zzlybe4r]

Thank you for your comment even though you disagree with my tone. It is admittedly a little jagged, but I really hope people think about the extraordinary (in the literal sense of that word) measures that have been taken here.

[1attice]

HN is willing to call out any consensus other than its own as groupthink, policing its voices and members all the while. Willing to champion free speech, but not those who dare to speak freely.

In a just & perspecacious universe, this would be the source of derision.

But, you know, Elon does it, so it must be ok, right?