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knb comments on Eliezer's Sequences and Mainstream Academia - Less Wrong Discussion
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FOOM (AKA Intelligence Explosion) was formulated by I.J. Good about 50 years ago.
...and pre-formulated by John W. Campbell, a famous science-fiction editor.
Maybe it is just me. But as I understood I.J. Good's intelligence explosion is much more "Kurzweilian". Happens as a consequence of some large improvement all over the place. While for the Yudkowsky's FOOM, a right binary string in the RAM of the PC from 2000 would suffice to blow us away.
I think, that the computer may need to be from today, or even from tomorrow, but this does not change much.
You would need improvements in both software and hardware to compete with natural nanotechnology at its best.
Improvements in software would catalyse improvements in hardware - and visa versa. I think most of the parties involved are on the same page about all this.