[ExI] The run up to the singularity

[Keith Henson]

Years ago I (partly) joked about a sign of the singularity being
immanent being that someone could start a company at breakfast have it
be worth a billion dollars by noon and bankrupt by dinner.

This is not that fast, but it's certainly getting faster.

"Rutkowski cited the company Zynga that created Farmville as being
worth almost $12 billion now and it “didn’t even exist 18 months ago”.

http://www.techworld.com.au/article/383125/facebook_biggest_bank_by_2015/?fp=2&fpid=1

Economics 2.0 anyone?

Keith