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The problem with existing biology is you change only one or two genes at a time.
Craig Venter
It takes 10 kilograms of grain to produce one kilogram of beef, 15 liters of water to get one kilogram of beef, and those cows produce a lot of methane. Why not get rid of the cows?
If there is a race, it is one to bring the benefits of genomes to human therapeutics. We all want to get there. We all want people to have much more meaningful and productive lives as they age.
Preventative medicine has to be the direction we go in. For example, if colon cancer is detected early - because a person knew he had a genetic risk and was having frequent exams - the surgery is relatively inexpensive and average survival is far greater than 10 years.
It's very expensive to treat chronic diseases.
Even with seemingly simple things like eye color, you can't tell from my genetic code whether I have blue eyes or not. So it's naive to think that complex human behaviors, like risk-seeking, are driven by changes in one or two genes.
Once we all have our genomes, some of these extremely rare diseases are going to be totally predictable.
My greatest fear is not the abuse of technology but that we will not use it at all.
The day is not far off when we will be able to send a robotically controlled genome-sequencing unit in a probe to other planets to read the DNA sequence of any alien microbe life that may be there.