I don't think either the physics or cosmology communities, or even the general public, have fully absorbed the full implications of this discovery. This is a revolution in the grand historic sense—in the Copernican sense. In fact, if you think about Copernicus—from whom we derive the word revolution—his importance was that he changed our notion of space and of our position in the universe. By showing that the earth revolves around the sun, he triggered a chain of ideas that led us to the notion that we live in no particular place in the universe; there's nothing special about where we are. Now we've discovered something very strange about the nature of time: that we may live in no special place, but we do live at a special time, a time of recent transition from deceleration to acceleration; from one in which matter and radiation dominate the universe to one in which they are rapidly becoming insignificant components; from one in which structure is forming in ever-larger scales to one in which now, because of this accelerated expansion, structure formation stops. We are in the midst of the transition between these two stages of evolution. And just as Copernicus's proposal that the earth is no longer the center of the universe led to a chain of ideas that changed our whole outlook on the structure of the solar system and eventually to the structure of the universe, it shouldn't be too surprising that perhaps this new discovery of cosmic acceleration could lead to a whole change in our view of cosmic history. That's a big part of the motivation for thinking about our alternative proposal.

With these thoughts about the consensus model in mind, let me turn to the cyclic proposal. Since it's cyclic, I'm allowed to begin the discussion of the cycle at any point I choose. To make the discussion parallel, I'll begin at a point analogous to the Big Bang; I'll call it The Bang. This is a point in the cycle where the universe reaches its highest temperature and density. In this scenario, though, unlike the Big Bang model, the temperature and density don't diverge. There is a maximal, finite temperature. It's a very high temperature, around 10[20] (ten to the 20) degrees Kelvin—hot enough to evaporate atoms and nuclei into their fundamental constituents—but it's not infinite. In fact, it's well below the so-called Planck energy scale, where quantum gravity effects dominate. The theory begins with a bang and then proceeds directly to a phase dominated by radiation. In this scenario you do not have the inflation one has in the standard scenario. You still have to explain why the universe is flat, you still have to explain why the universe is homogeneous, and you still have to explain where the fluctuations came from that led to the formation of galaxies, but that's not going to be explained by an early stage of inflation. It's going to be explained by yet a different stage in the cyclic universe, which I'll get to.

In this new model, you go directly to a radiation-dominated universe and form the usual nuclear abundances; then go directly to a matter-dominated universe in which the atoms and galaxies and larger scale structure form; and then proceed to a phase of the universe dominated by dark energy. In the standard case, the dark energy comes as a surprise, since it is something you have to add into the theory to make it consistent with what we observe. In the cyclic model, the dark energy moves to center stage as the key ingredient that is going to drive the universe, and in fact drives the universe into the cyclic evolution. The first thing the dark energy does when it dominates the universe is what we observe today: it causes the expansion of the universe to begin to accelerate. Why is that important? Although this acceleration rate is a hundred orders of magnitude smaller than the acceleration than one gets in inflation, if you give the universe enough time, it actually accomplishes the same feat that inflation does. Over time it thins out the distribution of matter and radiation in the universe, making the universe more and more homogeneous and isotropic—in fact, making it perfectly so—driving it into what is essentially a vacuum state.

Seth Lloyd said there were 10[80] (ten to the 80) or 10[90] (ten to the 90) bits inside the horizon, but if you were to look around the universe in a trillion years, you would find on average no bits inside your horizon, or less than one bit inside your horizon. In fact, when you count these bits, it's important to realize that now that the universe is accelerating our computer is actually losing bits from inside our horizon. This is something that we observe.