This is a very interesting theory. But having the target be in 2070, feels a bit much. Looking at the speed of technological improvements the past few years, a lot of things can happen in that time. Generative AI started around 10 years ago. I do believe that Web3 has the capability of bringing massive change, but I would like to think that by 2070, something has already replaced it by then. Something we haven't invented/thought of yet.
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It might be overly pessimistic in terms of the time frame. Of course, how far along is AI technology really. Many feel the singularity will hit around 2050-2060. While many are closer in, some are further out. These are the experts of today.
So we will see how it unfolds. If 2070, I likely will not see it.
That makes sense. I would probably be dead by then as well, or too old to care.