Whether the singularity occurs or not, just the expectation of it could significantly change human behavior, says James Miller, associate professor of economics at Smith College.
“Long before there is a singularity, people will come to expect it,” Smith told attendees at the Singularity Summit in San Jose. “And it is very likely that could happen within 20 years.”
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Singularity?
I think the word "Singularity" here is misnamed. I understand that it refers to a future time when technology advances so rapidly that we can no longer predict its outcome with any level of certainty; an analogy taken from Black Hole physics. But isn't the proper term to be used here "Event Horizon" instead?
Cosmologists say that the Event Horizon is not the Black Hole itself -- not the singularity -- but rather the boundary beyond which nothing can escape as it approaches a Black Hole -- not even light. This is the point beyond which everything is uncertain.
The "Technological Event Horizon" doesn't sound as glamorous as "The Singularity," but I think it more accurately describes this concept.