This document discusses the potential risks and downsides of nanotechnology. It outlines several types of risks including known risks from effects that are understood, and unknown risks from effects that are not yet well understood. Some of the potential toxic effects of nanoparticles are described, including increased surface area leading to reactivity. The document also discusses social implications like new weapons and uncontrolled self-replicating nanomachines. Ethical issues around development and regulation are raised.