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I have no doubt that in the future we'll be able to buy inexpensive "production facilities" like a 3d printer/inkject circuitry creator and be able to access scripts or blueprints for totally new consumer electronics and be able to create our own and share them. For example with a kit like I'm imagining, I'd be able to print out and create the latest, hippest wi-fi gadget. A couple of days later, it'll be sooooooo Tuesday and I'll print out Thursday's hot item. Eventually the component prices will be so low it'll all be disposable.
Lego Mindstorms is basically a really crude version of a system like I've described above. Or am I insane?
But all that is still a long way off - not only are desktop 3D printers still in the $20,000+ range (and that's for a *used* one), but the cost of the materials means that it's still cheaper to buy an object than print it yourself at home. And we haven't even begun to figure out how to combine circuit board printing and solid object creation into a single device. So it's still a long way off, but exciting nonetheless.
There was an article last month about breakthroughs in computer simulations of nano-engineering - i.e. placing molecules right where you want them. I can already imagine future desktop contests to see who can create the "sickest" nano-engineered tchochke.
Yep, sounds reasonable. The rate of change is increasing dramatically, so I expect "long way" off will mean a shorter time period by next year.