“We’re living in an age of disruption. How deep does the rabbit hole go?
What we’re witnessing is a shift from territorial monopolies on the use of force as a way of ordering civilization, toward a world of borderless civic networks. Or, in the words of Tom W. Bell, a move from nation states to stateless nations, which extend the dynamics of social networks into areas traditionally monopolized by government. Digital currencies like bitcoin are already challenging the state’s monopoly on the provision of currency, and it is inevitable that peer-to-peer technology and smart contracts will begin to challenge its monopoly on law and dispute resolution.
This shift reflects the extent to which the internet has already expanded our range of thought and activity. We can easily make friends with people on the other side of the globe who share our interests, we’re now able to buy and sell to anyone anywhere. We can offer our services on freelance sites like Fiverr and Upwork. All of this is amazing, and unprecedented, and there is more to come. Our social habits and economic opportunities have been transformed, and we’re better because of it. Those who believe that an institution designed in the 17th century is going to be able to adapt to the new world through minor changes in policy rather than fundamental institutional disruption are not processing reality effectively.”
(Via.) Medium <— Read more here