The technologie itself is a great thing. I often thought about this, the advantages and disadvantages you noted are big.
The point about raping ppl and they cannot notice, seems a little strange for me. If this technologie would be that great (that we can not see where reality begins) there should be something like a volume control. The lower it is configured, the more active are your senses. E. g. like grades of sleeping -> on lv1 the sound of a falling needle onto the ground is able to "awake" you. And there should be some features, that you have to agree to about 5-10 security questions and just if you answered all, the simulation begins. ... but ok, I dont want to bore you with details and suggestions
@ Topic: Don't ban it!
Ppl who take WoW as a drug, can confirm you that virtual reality could be more interesting than the
real reality. And ppl knew that there were risks on the nuklear-power-stations - but they created it. Everything has got a dissadvantage. If you want to be really, really carefull: don't move, don't let the air inside your lungs (the air could also kill u) - NO RISK, NO FUN XD
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I wish guns were banned - they only ever damage people. I wish land mines and cluster bombs were banned - they kill more innocent that those they are left intentionally for.
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I love if ppl say "ban this" - no affront against you

. If the whole NATO and the countries who not belong to the NATO would collectively ban guns, do you think any criminal cares about this?
The only possibility to ban something really, is to ban it before it is made. During construction, or better when it is not more than an idea.
The IESAS sounds really good. Don't ban it! But I think the day when it is fully developed, I'm not alife.