The Sovereign Individual (1999) is a guide for navigating the current transition from Industrial to Information Age.
Remarkably, it predicted the rise of 'digital gold'.
“If our deductions are correct, you stand at the threshold of the most sweeping revolution in history.”
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1/ "Widespread adoption of public-key/private-key encryption technologies will soon allow many economic activities to be completed anywhere you please."
"Many transactions in the Information Age will not need to be domiciled in any territorial sovereignty at all."
2/ From Monopoly to Competition
"This new economic dynamic directly contradicts the desire of government left over from the industrial era to impose monopoly pricing for its protection services."
3/ The Death of Seignorage
"In the past, megapolitical transitions have been associated with changes in the character of money."
"As cybercommerce begins, it will lead inevitably to cybermoney."
"..this new cybermoney will be denationalized."
4/ "Any individual or firm with access to cyberspace will be able to easily shift out of any currency that appears in danger of depreciation."