Moore’s law is the observation that, over the history of computing hardware, the number of transistors on integrated circuits doubles approximately every 18 months.
Moore’s Law was first noticed by Gordon E. Moore who described the trend in 1965. Moore’s prediction has proven to be phenomenally accurate. The chart above shows the era of...
Things become more valuable when you connect them. V=N2 … or The value of the network is proportional to the number of connected users. As the cost of the network grows linearly the value of the network grows exponentially. The more members there are in the network, the more value there is in the network.
Access to exponentially more powerful networks will become less and less expensive.
At the same time the real value of these networks will continuously compound and increase.
Moore’s Law meets Metcalfe’s law
This is the phase we are in today. As connections get cheaper the physical network grows very rapidly… and the network effect...
Connection speeds increase by 50% per year. Internet backbone traffic speeds increase even more. Average bandwidth lags, but the trend is clear.
Average bandwidth increases more slowly for three reasons:
• Telecoms companies are conservative
• Users are reluctant to spend on bandwidth
• The user base is getting broader