What do you think of the cards held by TSMC and Samsung?
Skipping 8th grade is also a good option. And taking college courses during high school also good. I did both and finished BS 3 years early.
OK I'll bite. Memes and genes are obvious enough, but why is the rate of technological improvement proportional to the current technological level (or basically zero)? Don't ideas get harder to find?
Well Big Ideas do get harder to find, but if you make a 1% improvement to the US's steel production, then you get an extra 800,000 tons of steel. That doesn't help you think up new improvements but it does mean that the next 1% improvement will yield 808,000 tons.
Basically, any cost reduction or speedup or quality improvement is on top of what you have. How would you save a silicon foundry $500,000 flat, without saving them more money as they expand? Maybe you could get a one-time government grant or a one-time supplier discount. You have to do a lot of one-time things like this for it to add up to anything significant.
Consider a technological improvement that seems to be constant or linear. Say you come up with a voltage regulator that uses 1 microwatt less than its predecessor. There's two reasons this isn't actually so linear. First, the total power consumption reduction is proportional to the number of times that circuit is used across all chips/devices. Second, if someone later finds a 1% power save across all transistors, then your little circuit will probably get that improvement too. It ends up being like a deposit into a savings account with interest.
If your savings account doesn't have interest, then you probably will never be a millionaire from small deposits. If some branch of technology hasn't found a few sequential compounding improvements then it probably won't go anywhere.
I have been using raindrop.io for my bookmarks for seven years or so and it is pretty good. Comments all have permalinks as you know.
Could you say more about where the whole sequence is going / what motivated it? I am curious.
I believe I did explain/decompose the underlying mechanism
A simple way to see this: even a relatively crappy factory will make more goods in a month than it & its employees consume in a month. Likewise for farms, mines, fishing vessels, etc etc.
I could also have mentioned that it's relatively easy for two people to make three.
If someone prints money for themselves, they'll devalue their currency, but they won't be making factories less productive.
Intel makes more stuff than they use, no technical progress required.
I should've said "a dollar's worth of stuff can produce 1.03 dollar's worth of stuff". That would have been more clear.
Easy to say when you're already known by almost everyone in your world, have total career security, and have a full-sized family! I've never really done teaser links, but I can see why anyone would. You're more likely to gain some reputation or a job or a spouse if the reader goes to your website and sees your name there at the top.
Also, in terms of value to the reader: my life has changed in a big way because of a blog post I read two times that I can think of, but never from Twitter, despite spending more time reading Twitter than blogs by now. When I see something important on Twitter, I usually bookmark it and forget about it; when I see something important in a blog post, I often act. This is my own fault, but I suspect it's a common experience. Infinite scroll certainly doesn't help.
What do you think is the ideal use-case for steering? Or is it not needed