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Comment Re:So what's up with those bitcoins? (Score 1) 104

If you're thinking "but wait, that means there wouldn't be enough bitcoins in existence to allow everyone to withdraw their deposits", then congratulations, you understand how banking works.

With BTC denominated accounts if everyone tries to withdraw their BTC at once the bank has a big problem. They can try to buy BTC to cover the withdrawals but there is no guarantee they will actually be able to.

Now you understand how banking works. That's now a flaw in the system, that is the system. A savings account is a sort share in the bank, it's not at all a bundle of money in the vault.

Comment Re:So what's up with those bitcoins? (Score 1) 104

Sure, all that's true, but most modern recessions aren't caused by lack of money supply, but instead lack of demand. If businesses don't see any worthwhile investment opportunities at any interest rate, additional supply won't help. You can't push on a rope. Stability (and its counterpart, uncertainty) is the chief concern for most recessions: when businesses and consumers reach the point where they believe they understand the "new normal", can cope with it, and have survived, only then do they start spending again.

Comment Re:Samzenpus got hit in the head this morning (Score 1) 528

I know better. Absent strong AI there will be no truly autonomous cars.

We don't even have a working theory for making a strong AI.

All we will have is driver assists, which will make people so much worse drivers the overall safety situation won't change. Just like slushboxes, they should have more focus for driving, but in reality automatic drivers are the worst on the road.

Comment Re:They should make them all core subjects (Score 1) 131

Trig is pretty basic math. Intermediate math starts after calculus.

There is a reason that Engineering school is different from law or medical. They have found testing predicts success. Engineering school has had much less luck with testing. Hence they let anybody interested in and flunk out 75% freshman year.

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