>As we know, with exponential curves, they start slow and they get very fast at some point. But when is that point? The question is, where does that kink in the curve happen?<p>There is <i>no kink</i> in an exponential curve, if you think there is, obviously you don't understand exponentials.<p>In the real world, there are S curves, when the finite limits interact and overpower the exponential... those are the ones that determine who makes large amounts of money, and who doesn't. You need to time your ride along the curve such that your organization is firmly on top at that time, the use the resources gained to maintain a monopoly, and thus <i>real</i> profit.<p>(The one thing Econ 101 firmly implanted in my brain is that <i>the only way</i> to make sustainable profits in a free market is to build and defend a monopoly, otherwise you're always struggling to keep up with competitors)<p>Otherwise the only other thing I learned is that there is an organization of venture capitalists called NfX who have some strange ideas to peddle, and sounds like a cult.
Personal view: the idea and importance of 'The Exponential age' is being oversold here. Sure Moore's Law has - with some adjustments - applied for a long time, but lots of things that are really important don't follow this pattern. Is the author really saying electricity isn't as important as Moore's Law because it wasn't 'exponential'?<p>The key issue is at what point does the technology progress to a point where important things that previously weren't viable suddenly become so. The way in which the technology progresses to that point is key, but being exponential or not is not really relevant.
It's all a very appealing sort of "alternate reality." I don't mean that in a bad way. If "virtual" will become a bigger and bigger share of our economy and personal rewards system than I guess it makes sense to think about investing this way. Of course as physical beings we still need to pay for food, housing, healthcare, travel, computers, etc. Investing in crypto and crypto-related projects that may act as viable platforms for some of these things does seem like a good idea.