Timothy May: The combination of strong, unbreakable public key cryptography and virtual network communities in cyberspace will produce interesting and profound changes in the nature of economic and social systems. Crypto anarchy is the cyberspatial realization of anarcho-capitalism, transcending national boundaries and freeing individuals to make the economic arrangements they wish to make consensually… Crypto anarchy is liberating individuals from coercion by their physical neighbors–who cannot know who they are on the Net–and from governments. For libertarians, strong crypto provides the
...more
