"One of the things that’s very misleading about acceleration and exponential growth is that it’s slow at first and then it’s fast, and so the future happens more slowly than people expect and then it happens more quickly." Peter Thiel in a May 2008 interview by Reason Magazine.
Take a look at the Peter Thiel interview linked to above done by Ronald Bailey, Science Correspondent for Reason Magazine. Thiel talks a bit about things like PayPal and why Bill Joy's got it wrong in his Wired interview, "Why the Future Doesn't Need Us". More importantly for me is Thiel's description of exponential growth and singularity where he makes the important observation (IMHO) quoted above.
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