Cypherpunks intend to level the playing field against centralized computer resources with the Fax Effect. If you have the only fax machine in the world it is worth nothing. But for every other fax installed in the world, your fax machine increases in value. In fact, the more faxes in the world, the more valuable everybody’s fax becomes. This is the logic of the Net, also known as the law of increasing returns. It goes contrary to classical economic theories of wealth based on equilibratory tradeoff. These state that you can’t get something from nothing. The truth is, you can. (Only now are a
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