The synergy Satoshi created by utilizing a hash based proof-of-work system verified by a peer-to-peer network is not adequately described by any of the previous terms in their current incarnations. Consequently, new rules, laws, business etiquette, security measures, etc. will all have to be built from the ground up, free from the old, cumbersome restrictions and antiquated mentalities lingering in this brave, new world.
Perhaps we could list some of the new rules, laws, business etiquette, security measures, etc. which have already been developed, and what we still need to develop?
New rules:
- Open source coding is the way to go;
- Public auditing (voting systems, government spending);
Business etiquette:
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Nick Szabo's essays are a good glimpse of the future;
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Smart property is amazing too, and it is already feasible;
Security measures:
- Ultimate deterrent protection from extorsion;
- Anonymously paid vigilantes may bring peace to levels never seen before;
Laws:
- Like Gavin said: "I don't think that we will see justice and laws coded within my lifetime." Those who study to be a Judge knows that the field is massive. Once the laws are coded, we have an open-source justice system, both frightening and desirable.
This manifestation of an intangible, archtypal ideal is giving us glimpses through doors that even the least cynical of us have always believed to be locked. Even if Bitcoin does die, it has opened my eyes to wondrous possibilities that will live at least as long as I do.
This. ^
