Why share\u00a021 Terrible Technology Predictions from yesteryear? We need to remind ourselves how wrong the ‘experts’ can be, and that exponential technologies can grow to affect billions of people’s lives positively.There’s no doubt that we live in incredible times with so many technologies accelerating. The possibilities of human potential are endless. where there have been new innovations there have been doubters. and, in many cases the doubters have been wrong. Today many people throw shade onto electric vehicles and the end of oil, cryptocurrencies and the mass disruption of banking systems, virtual and augmented reality, the death of mobile, and so much more.Let’s go!1876:\u00a0\u201cThis \u2018telephone\u2019 has too many shortcomings to be seriously considered as a means of communication.\u201d\u200a\u2014\u200aWilliam Orton, President of Western Union.1876:\u00a0\u201cThe Americans have need of the telephone, but we do not. We have plenty of messenger boys.\u201d\u200a\u2014\u200aSir William Preece, chief engineer, British Post Office.1889:\u00a0\u201cFooling around with alternating current (AC) is just a waste of time. Nobody will use it, ever.\u201d\u200a\u2014\u200aThomas Edison.1903:\u00a0\u201cThe horse is here to stay but the automobile is only a novelty\u200a\u2014\u200aa fad.\u201d\u200a\u2014\u200aPresident of the Michigan Savings Bank advising\u00a0Henry Ford\u2019s\u00a0lawyer, Horace Rackham, not to invest in the Ford Motor Company.1921:\u00a0\u201cThe wireless music box has no imaginable commercial value. Who would pay for a message sent to no one in particular?\u201d\u200a\u2014\u200aAssociates of David Sarnoffresponding to the latter\u2019s call for investment in the radio.1926:\u00a0\u201cWhile theoretically and technically television may be feasible, commercially and financially it is an impossibility.\u201d\u200a\u2014\u200aLee DeForest,\u00a0\u201cFather of Radio\u201d and a pioneer in the development of sound-on-film recording used for motion pictures. He had over 180 patents.1932:\u00a0\u201cThere is not the slightest indication that nuclear energy will ever be obtainable. It would mean that the atom would have to be shattered at will.\u201d\u200a\u2014\u200aAlbert Einstein.1936:\u00a0\u201cA rocket will never be able to leave the Earth\u2019s atmosphere.\u201d\u200a\u2014\u200aNew York Times.1946:\u00a0\u201cTelevision won\u2019t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.\u201d\u200a\u2014\u200aDarryl Zanuck, film producer, co-founder of 20th Century Fox.1949:\u00a0\u201cWhere a calculator on the ENIAC is equipped with 18,000 vacuum tubes and weighs 30 tons, computers of the future may have only 1,000 vacuum tubes and perhaps weigh one and a half tons.\u201d\u200a\u2014\u200aPopular Mechanics.1957:\u00a0\u201cI have traveled the length and breadth of this country and talked with the best people, and I can assure you that data processing is a fad that won\u2019t last out the year.\u201d\u200a\u2014\u200aEditor of Prentice Hall business books.1959:\u00a0\u201cThe world potential market for copying machines is 5,000 at most.\u201d\u00a0IBM\u00a0told the eventual founders of Xerox.1961:\u00a0\u201cThere is practically no chance communications space satellites will be used to provide better telephone, telegraph, television or radio service inside the United States.\u201d\u200a\u2014\u200aT.A.M. Craven, Federal Communications Commission (FCC) commissioner.1977:\u00a0\u201cThere is no reason for any individual to have a computer in his home.\u201d\u200a\u2014\u200aKen Olsen, founder of Digital Equipment Corp.1981:\u00a0\u201cNo one will need more than 637KB of memory for a personal computer. 640KB ought to be enough for anybody.\u201d\u200a\u2014\u200aBill Gates, co-founder and chairman of Microsoft.1981:\u00a0\u201cCellular phones will absolutely not replace local wire systems.\u201d\u200a\u2014\u200aMarty Cooper, inventor.1989:\u00a0\u201cWe will never make a 32-bit operating system.\u201d\u200a\u2014\u200aBill Gates, co-founder and chairman of Microsoft.1992:\u00a0\u201cThe idea of a personal communicator in every pocket is a \u201cpipe dream driven by greed.\u201d\u200a\u2014\u200aAndy Grove, then CEO of Intel.1995:\u00a0\u201cI predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse.\u201d\u200a\u2014\u200aRobert Metcalfe,\u00a0founder of 3Com, inventor of Ethernet.2003:\u00a0\u201cThe subscription model of buying music is bankrupt. I think you could make available the Second Coming in a subscription model, and it might not be successful.\u201d\u200a\u2014\u200aSteve Jobs,\u00a0in\u00a0Rolling Stone2007:\u00a0\u201cThere\u2019s no chance that the iPhone is going to get any significant market share.\u201d\u200a\u2014\u200aSteve Ballmer, Microsoft CEO.I’m going to add in some bonus predictions too that are proving to become very wrong.2016:\u00a0“We would not follow to develop a fully electric car.” Michael Leiters, Ferrari’s technology head (Ferrari are now developing a full-electric car)2017:\u00a0“I think that the bitcoin can eventually go to the millions of dollars when it becomes a means of payment,” Van der Chijs,\u00a0Dutch millionaire and crypto entrepreneur (highly unlikely as the crypto market is currently normalizing)2017:\u00a0\u201cOver time I think we will probably see a closer merger of biological intelligence and digital intelligence. It\u2019s mostly about the bandwidth, the speed of the connection between your brain and the digital version of yourself, particularly output. Some high bandwidth interface to the brain will be something that helps achieve a symbiosis between human and machine intelligence and maybe solves the control problem and the usefulness problem.\u201d Elon Musk (would you bet against him?)Nikolas is a world-leading Futurist Speaker that drives leaders to take action in creating a better world for humanity. He promotes exponential thinking along with a critical, honest, and optimistic view that empowers you with knowledge to plan for today, tomorrow, and for the future.Contact him\u00a0to discuss how to engage and inspire your audience. You can also see more of Nikolas\u2019 thoughts on his Futurist Speaker VLOGs as he publishes them in this\u00a0Youtube playlist.Please\u00a0SUBSCRIBE\u00a0to Nikolas\u2019 Youtube channel so that you don\u2019t miss any as they come up. 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