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Re:Show HN: WordPass – password generator giving over 90 bit... by aggie on Saturday May 24, 2014 @04:02PM (#7794228)
The number refers to the capacity of working memory and has indeed been revised over time. It's a complicated issue, but 4 units of information is now considered a more accurate approximation. But if you're remembering a password, you're dealing with long-term memory, which doesn't have this limitation.

http://en.wikipedia.org/wiki/Working_memory#Capacity

Re:Show HN: WordPass – password generator giving over 90 bit... by miga on Sunday May 25, 2014 @12:49AM (#7795462)
Long-term memory usually accepts most information from short-term memory not direct sensory input, so it is easier to memorize when you break down things in chunks first.