CellBioGuy comments on Open Thread April 8 - April 14 2014 - Less Wrong Discussion
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Keeping in mind the biases (EDIT: but also the expertise) that my username indicates, I would say that is nearly exactly backwards - modifications and engineering of biochemistry and biochemistry-type systems will actually occur (and already are) while what most people around here think of when they say 'nanotech' is a pipe dream. Biochemistry is the result of 4 gigayears of evolution showing the sorts of things that can actually be accomplished with atoms robustly rather than as expensive delicate one-off demonstrations and the most successful fine-scale engineering in the future will resemble it closely if not be it.