“If we can reduce the cost and improve the quality of medical technology through advances in nanotechnology, we can more widely address the medical conditions that are prevalent and reduce the level of human suffering.”
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If you look at the various strategies available for dealing with a new technology, sticking your head in the sand is not the most plausible strategy.
Disease and ill health are caused largely by damage at the molecular and cellular level, yet today's surgical tools are too large to deal with that kind of problem.
If we attempt to block the development of new technology, we effectively have ensured that the most responsible parties will not develop them.
Nanotechnology will let us build computers that are incredibly powerful. We'll have more power in the volume of a sugar cube than exists in the entire world today.