I was recently thinking about Moore's Law and if it is truly coming to an end. My initial reaction is that it doesn't matter in itself, if the number of transistors doubles, what might matter is that our compute power is doubling. This led me to think that maybe Moore's Law is looking at the wrong metric, and is there a more fundamental law regarding increased capacity. Some proof of this is in the drop in prices of…
I think technological progress is more like a logistic curve, with exponential-like growth at the beginning and then a leveling off. Look at technologies that have already had time to mature. The speed of airplanes grew tremendously while jet engines and wing shapes were undergoing heavy refinement, but then it leveled off and hasn't really budged in decades.
Or maybe not. It's impossible to predict true breakthroughs.