That is what some guy said in a A+ book that i read back in the 2000s (Was made in 96) during the time of the 133Mhz Pentium, just only in the terms from the mid 90s. Things like not needing any faster CPU's or more than 32MB of ram, etc. and look at us now lol. I remember the time of people saying HT is all you need. Don't need multiple cores. That is data center stuff. Now look. You can get the more powerful CPU in your home Rig.
The arguments are completely different. The argument you cite is that home users had no need for it. While I think that's
also true of 800 Gigabit Ethernet, my point was that there would be technical hurdles in rolling it out for home users.
Back in the mid-90's, CPUs were made on a 600 nm process node. Now, we're at (arguably) 7 nm. Because that's a linear distance and CPUs are (roughly) 2D, the density improvement is a factor somewhere on the order of 7000.
The situation we're in, today, is that Semiconductor process nodes are already nearing their limits. Also, there's only so fast you can send a signal over a network cable-length piece of copper. So, that pushes networking > 10 Gbps exclusively into the optical domain, which further increases costs.
Put another way, every trend stops at some point. If you go back and extrapolate CPU clock speeds from the 1990's, you'd probably expect us to be in the realm of 100 GHz, by now. But that didn't happen... because
physics.
So, you can't just blindly extrapolate trends into the indefinite future. Not if you care about being right, at least. You have to look at what's underlying those trends and figure out if it has room to continue. Even then, sometimes you're blind-sided by an effect you didn't appreciate, like how Intel got burned by leakage current, with the Netburst architecture of their Pentium 4.
Finally, addressing the "need" side of the equation, just look at 10 Gigabit Ethernet. It's been around for > 15 years, yet there's never been strong enough demand for faster networking among consumers to drive adoption and achieve mass-market pricing. Yet, at least. That's one development I think we
could actually see. Eventually.