Let’s take the number 0.001 and double it continuously.

0.001,0.002,0.004,0.008………..

1,2,4,8,16,32,64,128………..

What did we observe?

1)Rate of change is accelerating.

2)The first part is Deceptive that is the numbers 0.001,0.002,0.004 are so small that it seems that the growth is linear.

Following this analogy exponential technology are technologies which grow

exponentially in their performance.

Why?

Well for a simple reason that when going to next phase, evolution uses all of the resources of the previous stage,thus a self reinforcing feedback loop is created.

Evidence?

The biggest evidence of this phenomenon is clearly The Moore’s Law which refers to an observation made by Intel co-founder Gordon Moore in 1965. He noticed that the number of transistors per square inch on integrated circuits had doubled every year since their invention.

Implications

A mere few million years ago our ancestors were still swinging from the branches in the African canopy. On a geological or even evolutionary timescale, the rise of Homo sapiens from our last common ancestor with the great apes happened swiftly. We developed upright posture, opposable thumbs, and—crucially—some relatively minor changes in brain size and neurological organization that led to a great leap in cognitive ability. As a consequence, humans can think abstractly, communicate complex thoughts, and culturally accumulate information over the generations far better than any other species on the planet. These capabilities let humans develop increasingly efficient productive technologies, making it possible for our ancestors to migrate far away from the rainforest and the savanna. Especially after the adoption of agriculture, population densities rose along with the total size of the human population. More people meant more ideas; greater densities meant that ideas could spread morereadily and that some individuals could devote themselves to developing specialized skills. These developments increased the rate of growth of economic productivity and technological capacity. Later developments, related to the Industrial Revolution, brought about a second, comparable step change in the rate of growth. Such changes in the rate of growth have important consequences. A few hundred thousand years ago, in early human (or hominid) prehistory, growth was so slow that it took on the order of one million years for human productive capacity to increase sufficiently to sustain an additional one million individuals living at subsistence level. By 5000 BC , following theAgricultural Revolution, the rate of growth had increased to the point where the same amount of growth took just two centuries. Today, following the Industrial Revolution, the world economy grows on average by that amount every ninety minutes.

The economist Robin Hanson estimates, based on historical economic and population data, a characteristic world economy doubling time for Pleistocene hunter–gatherer society of 224,000 years; for farming society, 909 years; and for industrial society, 6.3 years. 3 (In Hanson’s model, the present epoch is a mixture of the farming and the industrial growth modes—the world economy as a whole is not yet growing at the 6.3-year doubling rate.) If another such transition to a different growth mode were to occur, and it were of similar magnitude to the previous two, it would result in a new growth regime in which the world economy would double in size about every two weeks!

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The implications are staggering.

There has never been a more exciting time to be alive.

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