I definitely expect nanotech a few orders of magnitude awesomer than we have now. I expect great progress on aging and disease, and wouldn't be floored by them being solved in theory (though it does sound hard). What I don't expect is worldwide deployment. There are still people dying from measles, when in any halfway-developed country every baby gets an MMR shot as a matter of course. I wouldn't be too surprised if everyone who can afford basic care in rich countries was immortal while thousands of brown kids kept drinking poo water and dying. I also expect longevity treatments to be long-term, not permanent fixes, and thus hard to access in poor or politically unstable countries.
The above requires poor countries to continue existing. I expect great progress, but not abolition of poverty. If development continues the way it has (e.g. Brazil), a century isn't quite enough for Somalia to get its act together. If there's a game-changing, universally available advance that bumps everyone to cutting-edge tech levels (or even 2012 tech levels), then I won't regret that $100 much.
I have no idea what wars will look like, but I don't expect them to be nonexistent or nonlethal. Given no game-changer, socioeconomic factors vary too slowly to remove incentive for war. Straightforward tech applications (get a superweapon, get a superdefense, give everyone a superweapon, etc.) get you very different war strategies, but not world peace. If you do something really clever like world government nobody's unhappy with, arms-race-proof shields for everyone, or mass Gandhification, then I have happily lost.
Thanks for explaining!
Of course, nanotech could be self replicating and thus exponentially cheap, but the likelihood of that is ... debatable.
Here's the new thread for posting quotes, with the usual rules: