Comment by rayiner
3 years ago
> In the short run, technological progress is much slower than anyone hopes, but in the long run it is much faster than anyone expects.
But it doesn't happen in predictable ways. A particular area of technology hits a wall and plateaus all the time, for myriad reasons. In 1950, you might have thought that by 2022 we would have done a lot more with nuclear technology or supersonic airplanes than we have.
Yeah. There's a lot of variance in the timing of milestones, which leads to people drawing all sorts of overgeneralizations from the few examples they happen to know. The most popular example being "Moore's Law and FAANG market caps prove that everything in technology develops exponentially, which is a word that means super-fast"