There are certain things that are inherently scarce. For example, there is only a certain amount of beachfront property in California. It is going to be scarce, it is going to be expensive.
More Quotes from Ralph Merkle:
As in any technological revolution, there will be winners and losers. On balance, everyone will come out ahead, although there will be particular companies that will not be able to cope with a new environment.Ralph Merkle
If you have a distributed manufacturing technology, one of the great advantages is that it should let us have a much lower cost infrastructure.
Ralph Merkle
It looks as though yields of over 10 times what we can currently grow per acre are feasible if you control the CO2 concentration, the humidity, the temperature, all the various factors that plants depend on to grow rapidly.
Ralph Merkle
Because of technological limits, there is a certain amount of food that we can produce per acre. If we were to have intensive greenhouse agriculture, we could have much higher production.
Ralph Merkle
If you have a lower-cost manufacturing technology, which can build a wide range of products less expensively, it can build better medical products.
Ralph Merkle
The laws of physics should allow us to arrange things molecule by molecule and even atom by atom, and at some point it was inevitable that we would develop a technology that would let us do this.
Ralph Merkle
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I hate the word gothic but I would like to try doing something like that. A gothic sound, not rock, but gothic. There's a difference.
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Science has explained nothing; the more we know the more fantastic the world becomes and the profounder the surrounding darkness.
Aldous Huxley