Accounting in the Age of Moore’s Law - “Instead, this style – which is the approach that drives the Internet – assumes the intelligence on the ends of the network, in my phone and yours. One result is that users can finance new entrants into this kind of telecommunications market, by buying intelligent phone-like devices, in much the way they’ve financed the progress in the computer industry over the past two decades by buying personal computers. New phone companies don’t need to raise risk capital and invest billions of dollars in central office switches to compete with AT&T.”