[boramalper]

> Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions. Combined with emerging information markets, crypto anarchy will create a liquid market for any and all material which can be put into words and pictures. And just as a seemingly minor invention like barbed wire made possible the fencing-off of vast ranches and farms, thus altering forever the concepts of land and property rights in the frontier West, so too will the seemingly minor discovery out of an arcane branch of mathematics come to be the wire clippers which dismantle the barbed wire around intellectual property. > > Arise, you have nothing to lose but your barbed wire fences!

[CryptoPunk]

The ability that the blockchain gives to economically coordinate across great spaces and at massive scale without a central authority may make Tim May's predictions come true.

"Crypto anarchy will alter completely the nature of government regulation, the ability to tax and control economic interactions, the ability to keep information secret, and will even alter the nature of trust and reputation." -Tim May, 1988

I would add that limiting the ability of the govermment to tax and control economic interactions does not imply eliminating the government's ability to collect taxes. It would instead mean governments shifting from taxing people's private transactions, which properly belong in the private sphere, to taxing immovable property within their jurisdictions, like land, which properly belongs in the public sphere.