RE: Why The Internet Is Giving Us Exponential Times
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As our world is getting digitised one thing that worries me is how we are going to store these datas ones they get to plutonic rates that would require Incredible storage device. In reality I believe the way we can now move information faster and better, is really amazing, with the possibilities that are around us, people might stay in their living room and everything without moving a muscle. The internet is indeed a blessing one of the biggest gifts to humanity
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Organic storage devices will solve your problem in an instant. The amount of data that can be stored on genetic material is incredible. The problem is it is very expensive to write to and read from organic material at the moment.
That will likely change in the future.
In the meantime, the cost of memory comes down at about a 33% rate per year. So we are getting a lot more memory for the money. Hence why there are huge server farms.
Plus software stacking is getting better where they can store more data in smaller bytes of memory.
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Cost of memory is another thing, I expected it would go higher as there's more need to store data arises but then might even cheaper like you suggested.
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It will plummet. Memory is under the laws of IT meaning it is extremely deflationary.
The need for more storage has been soaring for decades. Do not forget, we have multi GB USB drives. There was a time, 20 years ago, where a large USB drive was 4 MB.
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4 TB not GB.
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I do not know about this until now, that's great though