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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