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Comment Re:don't believe his lies (Score 1) 163

Nope. Doesn't work like this:
1) Flash memory in iPhones is encrypted with a strong random key.
2) The key is contained only in RAM and inside the TPM module that also does fingerprint recognition.
3) The key can be released if the correct PIN is entered. However, the key is irrevocably destroyed by the TPM module if you try more than 6 wrong PINs.

In conclusion, pretty much the only way to unlock a modern iPhone when its owner is dead is to have the fingerprint available.

Comment Re:The technical problems with this are immense. (Score 1) 345

No, it doesn't work like this. A disconnected rotor acts as a parachute with the same area as the area swept by its blades. It's usually (always?) not enough to slow down to survivable vertical velocity. To actually survive the landing, a pilot has to reduce the pitch of the blades to speed them up and then just before crashing increase the pitch again, trading the stored kinetic energy for a burst of thrust. And you need to have enough altitude to pull this off, so all helicopters that I know of have this nice fun "you'll certainly die" zone.

Comment Re:The technical problems with this are immense. (Score 1) 345

It's much more complicated than that. You need to compare the weight of fuel and the weight of the engines. Electric motors can be made very lightweight, gasoline engines - not so much.

Modern Li-Ion excels at power density, it _far_ exceeds small ICE engines. And this solves the main problem that prevents practical VTOL flying cars with ducted fans, the amount of power required for a takeoff is literally an order of magnitude more than power required to support horizontal flight. That's why companies like Terrafugia are working on "hybrid" systems now - a fairly small Li-Ion battery for takeoffs and landings and a gasoline engine for cruising. I've crunched numbers myself and it appears to be feasible.

And then, of course, Li-Air batteries that are pretty much the holy grail. If they are ever developed, a flying car will be _easy_. Just add enough ducted fans, a control system and you're good to go.

Comment Re:Boat still hasn't left port (Score 1) 267

Austrian approach does not view economics as science, rather as a deductive study.

Well, yes. It's a religion, or more appropriately a cult. It has a set of pre-determined conclusions and finds excuses for them. E.g.: "Economy is doing great - a good time to cut taxes on the rich and reduce social safety network!", "Economy is sputtering - need to reduce taxes on the rich and kick poor people more, so they work harder!", "Economy is crashing - that's because taxes were not reduced enough, cancel taxes on the rich and force all those lazy poor to work for slave wages!".

So answer this simple question: when is it a good time to raise taxes and improve social safety net?

You probably wanted to say "recessions happen because customers do not have money". Deflations (in the sense of falling price levels) occur in other situations too (for example increases in productivity that outpace the increase in the money supply) and don't necessarily have the effects associated with recession.

No. I was precise in my description. Deflation happens ONLY when consumers have no free money to spend. I've actually studied ALL the documented episodes of deflation in the last 120 years in all of the countries. Out of 60 cases there was only ONE exception (Sweden, 1992) where a nominal deflation coincided with economic recovery, and that's only because deflationary processes had been arrested by a quick and decisive stimulus actions, helped by increased export revenue.

Deflation does not always lead to Depression-scale slowdowns, but it's never associated with good times.

1. There are situations where a falling price level does not cause a recession (say in the consumer electronics sector, or the examples from the Atkeson/Kehoe paper I linked)?

There are no such situations.

Comment Re:Look at past innovations (Score 1) 267

Secure?? How? If your Bitcoin wallet is compromised through buffer overflow in that nice NFC-handling code then your money is GONE. There's no way to rollback BTC transactions. If my credit card gets compromised, I get all my funds back and receive a new card by mail in a couple of days.

If a bitcoin merchant sends you a bobcat, you're screwed. If a credit card merchant sends me a bobcat, I simply issue a chargeback and get all my money back.

Where exactly is security?

Comment Re:Boat still hasn't left port (Score 1) 267

Austrian religion (it's not a "school"), as usual does not make predictions. It doesn't use models so it can't do that.

According to mainstream economy, deflation happens because consumers DO NOT HAVE MONEY to spend. So the producers have to cut prices to sell at least _something_. This in turn leads to wage decreases and layoffs. And this in turn leads to consumers having less money. Rinse, wash, repeat.

Reality is often a little bit messier - wages rarely fall in nominal values, they tend to stick at zero growth. So nominal deflation doesn't appear, instead no-flation (1% inflation) happens. See: "European Union", "Japan".

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