ZetaOfThree said:
I understand that the protein folding problem is a very important problem in the field of biophysics. Any experts on here?
Ouch, you asked for experts. Well, I am not one, but I can tell you from my layman interest in astrobiology that understanding some of protein folding is important there too. How did emergent life handle that aspect of proteins?
If we look at the ribosome and its function, protein folding is often automatic (even if there are derived exceptions). In fact, up to the point that ribosomes can attach to membranes to inject membrane proteins for self-folding.
And we see from tentative phylogenetics of the ribosome that it started out as a generic dimer cofactor producer, proceeded to do unordered protein nests for catalytic metal atoms, and first later evolved a code and hence started to rely on self-folding as expected. ["Evolution of the ribosome at atomic resolution", Petrov et al]
Therefore it would be no surprise if protein folding was under selection for all the lifetime of the genetic code. Though I don't know how it has been received, there is work that seem to confirm that:
"A Rice team led by biophysicists Peter Wolynes and José Onuchic used computer models to show that the energy landscapes that describe how nature selects viable protein sequences over evolutionary timescales employ essentially the same forces as those that allow proteins to fold in less than a second. For proteins, energy landscapes serve as maps that show the number of possible forms they may take as they fold."
"The research reported today in the Proceedings of the National Academy of Sciences shows that when both of the Rice team's theoretical approaches—one evolutionary, the other physics-based—are applied to specific proteins, they lead to the same conclusions for what the researchers call the selection temperature that measures how much the energy landscape of proteins has guided evolution. In every case, the selection temperature is lower than the temperature at which proteins actually fold; this shows the importance of the landscape's shape for evolution.
The low selection temperature indicates that as functional proteins evolve, they are constrained to have "funnel-shaped" energy landscapes, the scientists wrote."
"The key is the selection temperature, which Onuchic explained is an abstract metric drawn from a protein's actual folding (high) and glass transition (low) temperatures. "When proteins fold, they are searching a physical space, but when proteins evolve they move through a sequence space, where the search consists of changing the sequence of amino acids," he said.
"If the selection temperature is too high in the sequence space, the search will give every possible sequence. But most of those wouldn't fold right. The low selection temperature tells us how important folding has been for evolution."
"If the selection temperature and the folding temperature were the same, it would tell us that proteins merely have to be thermodynamically stable," Wolynes said. "But when the selection temperature is lower than the folding temperature, the landscape actually has to be funneled."
"If proteins evolved to search for funnel-like sequences, the signature of this evolution will be seen projected on the sequences that we observe," Onuchic said. The close match between the sequence data and energetic structure analyses clearly show such a signature, he said, "and the importance of that is enormous.""
[
http://phys.org/news/2014-08-eons-seconds-proteins-exploit.html ; my bold]
I know this contradicts some of what has been recounted here, but if evolution and folding can be tied together it looks promising to me. It certainly fits the ribosome history.