Top Highlights

• What had to come together to make something like bitcoin possible? You need distributed networks, open-source programming, entrepreneurial drive, cryptography, and a world networked through the Internet.
• Name any seemingly essential service that government has offered in the 20th century and you can name a cheaper, more effective, more innovative, and more accessible private alternative. There is nothing that states can do that needs to be done that markets cannot do better.
• The result is political instability. A paradigm shift. Obsolescence of the public sector.
• This is a peaceful path to reform. It is not a certain path, but looking around the world today, it is one that is most productive for human needs and also the one most threatening to the political elite. The ruling elite won’t go without a fight, but increasingly they will be fighting people who are already discovering a better way of life than to...