Carl Sagan offered up a few explanations about why haven't encountered time travelers from the future.
"One of Hawking's arguments in the conjecture is that we are not awash in thousands of time travelers from the future, and therefore time travel is impossible. This argument I find very dubious, and it reminds me very much of the argument that there cannot be intelligences elsewhere in space, because otherwise the Earth would be awash in aliens. I can think half a dozen ways in which we could not be awash in time travelers, and still time travel is possible.
Such as?
First of all, it might be that you can build a time machine to go into the future, but not into the past, and we don't know about it because we haven't yet invented that time machine. Secondly, it might be that time travel into the past is possible, but they haven't gotten to our time yet, they're very far in the future and the further back in time you go, the more expensive it is. Thirdly, maybe backward time travel is possible, but only up to the moment that time travel is invented. We haven't invented it yet, so they can't come to us. They can come to as far back as whatever it would be, say A.D. 2300, but not further back in time.
Then there's the possibility that they're here alright, but we don't see them. They have perfect invisibility cloaks or something. If they have such highly developed technology, then why not? Then there's the possibility that they're here and we do see them, but we call them something else—UFOs or ghosts or hobgoblins or fairies or something like that. Finally, there's the possibility that time travel is perfectly possible, but it requires a great advance in our technology, and human civilization will destroy itself before time travelers invent it.
I'm sure there are other possibilities as well, but if you just think of that range of possibilities, I don't think the fact that we're not obviously being visited by time travelers shows that time travel is impossible."
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