There isn't that much progress in science or tech or not as much as Silicon Valley likes to claim.

Peter Thiel: "15 years or so often been on the side that there isn't that much progress in science or tech or not as much as Silicon Valley likes to claim. And even on the AI level, I think it's a massive technical achievement. It's still an open question. Is it actually going to lead to much higher living standards for everybody? The internet was a massive achievement. How much did it raise people's living standards? Much trickier question.
But in this world where not much has happened, one of the paradoxes of an era of relative tech stagnation is that when something does happen, we don't even know how to process it. So, you know, I think Bitcoin was a big invention, whether it was good or bad, but it was a pretty big deal. And it was systematically underestimated for at least, you know, the first 10, 11 years. You could trade it, it went up smoothly for 10, 11 years. It didn't get repriced all at once because we're in a world where nothing big ever happens. And so we have no way of processing it when something pretty big happens. The internet was pretty big in 99. Bitcoin was moderately big. The internet was really big. Bitcoin was moderately big. And I'd say passing the Turing test is really big. It's on the same scale as the internet.
And because our lived experiences that so little has felt like it's been changing for the last few decades, we're probably underestimating it."