There was a study commissioned by AT&T as to how many mobile phones there would be by the year 2000 (roughly 20 years later). The answer was 900K. What actually happened was there were 100 million, a miss by over 100x.
In this video I discuss how exponential growth is something we do not think about and why we continually underestaimte what we think will happen. When it comes to cryptocurrency, this is going to mean we see numbers that absolutely blow our minds.
▶️ 3Speak
It definitely is tough to expand things in exponential terms. After all the numbers are far too big for us to comprehend in a short term of time.
Posted Using LeoFinance Beta
Well the numbers tend not to get big in the short term. Exponential or compounding gets bigger the further out we go in time.
That is why people can envision a return over, say, a few years. But extend that out over 50 years and they vastly underestimate the results.
Posted Using LeoFinance Beta
Definitely true there's still more progress to come in the blockchain with better improvement and progress.
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