Houdini - Mesh intersections (scene file)
So this is long overdue, like 2 years or so... When I started to migrate to Houdini 2 - 2-1/2 years back, displacing points and particles with volumes was one of the first thing I got into, and this scene file is from back then. It's an amazingly simple setup, but it works really well.
Scene file: https://goo.gl/EHDce6
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