Robert A. Freitas, Jr: Limits to Global Ecophagy

Any paper containing the section heading "Minimum Replibot Dispersal Time as a Function of the Number of Uniformly-Distributed Replibot Release Sites" is worth a read:
Perhaps the earliest-recognized and best-known danger of molecular nanotechnology is the risk that self-replicating nanorobots capable of functioning autonomously in the natural environment could quickly convert that natural environment (e.g., "biomass") into replicas of themselves (e.g., "nanomass") on a global basis, a scenario usually referred to as the "gray goo problem" but perhaps more properly termed "global ecophagy."

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However, biovorous nanorobots capable of comprehensive ecophagy will not be easy to build and their design will require exquisite attention to numerous complex specifications and operational challenges. Such biovores can emerge only after a lengthy period of purposeful focused effort, or as a result of deliberate experiments aimed at creating general-purpose artificial life, perhaps by employing genetic algorithms, and are highly unlikely to arise solely by accident. (Foresight.org)