The observation made in 1965 by Gordon Moore, co-founder of Intel, that the number of transistors per square inch on integrated circuits had doubled every year since the integrated circuit was invented. Moore predicted that this trend would continue for the foreseeable future. In subsequent years, the pace slowed down a bit, but data density has doubled approximately every 18 months, and this is the current definition of Moore's Law, which Moore himself has blessed. Most experts, including Moore himself, expect Moore's Law to hold for at least another two decades
Moore's Law predicts exponential growth in computing power.
Question: Suppose I hire you to do some programming for me. Which payment plan would you choose?
Plan 1: $10/hr x 8 hr/day x 30 days = ???
Plan 2: 1 penny on day 1, 2 pennies on day 2, and so on for 30 days = ???
