>   * 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.