Mononoke wrote:To the best of my knowledge there is considerable evidence to suggest that all life on this planet can be traced to a common ancestor. Are there any credible alternative hypothesis.
None that explain the high degree of congruence of living genetic codes, no. There is perhaps some latitude in arguing about whether there was a single
cell from which we all descend ... I tend towards the view that there was. In essence, every DNA base in every organism is there as a result of copying (or miscopying) from a prior DNA (or RNA) template (the only exception, AFAIK, being telomeric repeats). The normal route of base-ancestry is parentage - a chromosome is replicated in its entirety and the two copies passed into two new cells. (In the case of sexual species, two chromosomes are merged into one, and half thrown away). If you follow such parental copy-chains backwards - regardless of whether you are following asexual or sexual lineages - you will get coalescence: the further back you go, the fewer individuals from ancestral populations will be represented in the tree-of-ancestors. This is simply the result of survival at every level being a sampling process, with much the same dynamic as fixation of alleles by selection/drift. Absent HGT, the inevitable result of this is coalescence upon a single individual, just as allele fixation is coalescence upon a single ancestral sequence. If we had two distinct genetic systems, we would get two UCAs. But we don't.
The role of HGT is to crown a different individual, ancestral to the 'mainline' LUCA, as the ultimate ancestor of every DNA base in the modern population. Our 'mainline' LUCA was a member of a broader population, and if HGT occurred between a descendant of her contemporaries and one of her descendants, then we would look to the LCA of those two organisms as the common ancestor of all DNA. If there were other HGT events, we would need to gather these threads together also. The "DNA LUCA" is the ancestor of 'mainline LUCA' and all contributors of subsequent HGT. The same applies to endosymbiosis - the archaeon and bacterium and blue-green alga that gave rise to eukaryotic cells had a common ancestor.
This does not preclude separate origins for Life, but only one variety has left descendants. The commonality of the genetic system (DNA-RNA-protein) suggests it is unlikely that we have received some bases by a copy-chain pointing back to a source independent of 'DNA LUCA''s own coalescent ancestors, unless it too hit upon DNA independently, including one or more of 'our' 4 bases. 'mainline LUCA' and 'DNA LUCA' are both, I think, singularities.