2.3.1. Strong crypto is here. It is widely available.
2.3.2. It implies many changes in the way the world works. Private
channels between parties who have never met and who never
will meet are possible. Totally anonymous, unlinkable,
untraceable communications and exchanges are possible.
2.3.3. Transactions can only be *voluntary*, since the parties are
untraceable and unknown and can withdraw at any time. This
has profound implications for the conventional approach of
using the threat of force, directed against parties by
governments or by others. In particular, threats of force
will fail.
2.3.4. What emerges from this is unclear, but I think it will be a
form of anarcho-capitalist market system I call "crypto
anarchy." (Voluntary communications only, with no third
parties butting in.)
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