The Elimination of Middlemen
Moore’s law, put simply, states that computing power will double every eighteen months. This was predicted back in 1965 at the dawn of modern computing and has so far held true. What used to be a precious and costly commodity is now being produced at an exponentially faster rate. Some find this humorous, in a sardonic way. To others it is overwhelming.
The Commodore 64 when it was introduced boasted sixty-four kilobytes of RAM, all within that ‘little’ box. There is the famous quote from one of the pioneers in the industry where he can’t ever foresee anyone needing more than 64k. Only a decade earlier such an extravagant amount of memory would require an entire building. Nowadays memory is so cheap you can easily afford to store a well-stocked bookstore on the phone in your pocket.
It’s amazing how far we have come. When Moses came down from Mount Sinai it took two tablets to hold ten short paragraphs. Nowadays even the most basic tablet or ereader can store dozens, even hundreds, of books in their entirety.
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