>    - High transaction costs for various goods and services typically lead
>    to centralization temporal market monopolies (not even talking about the
>    government-sponsored ones)
>    - High transaction costs can be afforded by individuals or groups of
>    individuals who possess capital and accept risk. These players become the
>    gatekeepers and *the* *exclusive *third parties.
>    - As a result, many individuals have little or no mobility within the
>    market as only a few players are capable of handling these high transaction
>    costs. Well known duopolies come to mind: McDonald's vs Burger King, Coke
>    versus Pepsi, Republican vs Democrat, Labor vs Liberal
>    - Revolutionary technologies that folks like us get excited about
>    (e.g. 3D printing, Bitcoin, mesh networks, DIY drones), directly challenge
>    these players and the centralized model they operate under. Fundamentally,
>    these technologies significantly reduce these high transaction costs so
>    that the *common man* can start to provide these services for
>    themselves or for a small group of others. Market mobility is now possible
>    for everyone, rigid centralized models are disrupted.
>    - If we were to take a glancing look at the trends, the explosion of
>    information and communication has catalyzed the development of technology
>    to break-down high transaction costs. Heavily centralized services and *exclusive
>    *third parties have their days numbered. Once the network effect of
>    these decentralizing technologies outpace the existing centralized order, a
>    real, peaceful, and perhaps subtle revolution occurs.
>    - Bitcoin threatens the centralization of the economy by the
>    government and banks, who have long abused their privileged position to
>    oppress everyone else. The underlying high transaction costs of enforcing
>    monetary contracts, protecting vast sums of wealth, loans and high level
>    market operations, are fast becoming within the reach of every human being.
>    If trends continue, I foresee the government being permanently banned from
>    the economic and market order.
>    - Physical security is one of the ultimate high transaction costs,
>    just above money itself. This is, in effect, the high transaction cost
>    service to overcome. For this reason, individuals perpetuate the network
>    effect that is called 'government', in well-reasoned fear of the
>    alternative (chaos, criminal gangs).
>    - I don't know what technological and market solutions will appear to
>    better protect individuals, so much so that centralized protection services
>    like the police and military become unnecessary, but I remain optimistic
>    about the future. I have no desire to use these tools help maintain
>    antiquated centralized systems.