In 1993, professor Vernor Vinge of San Diego State University, published a paper predicting a point in the near future where technology itself would be capable of creating greater-than-human intelligence. This point, Vinge characterized, would see large computer networks and their associated users wake up as superhumanly-intelligent entities. In such a scenario, technology would be capable of improving upon itself in such rapid succession, that from the purely biological perspective, it would be seen as an intelligence explosion. This future point in time at which technological development irreversibly changes the conditions of human civilization, has come to be known as The Singularity.
technology would be capable of improving upon itself in such rapid succession
If I have to isolate the event from Bitcoin, is it really not scary? It is very difficult to follow the development of technology today! I think it is very scary to say that it is capable of own development.