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Re: Anonymity and Intellectual Capital
> I've ranted about all this here and elsewhere, how falling semiconductor
> prices, public networks and strong cryptography beget the reemergence of
> bearer certificates, this time in digital form (of which ecash is only the
> prima facie example, the existence proof) and what I call, for lack of a
> better term, a "geodesic", instead of hierarchical, economy.
> Bob Hettinga
Agreed. What's more, I'll make a similar claim about the legal
system -- with the rise of alternate dispute resolution systems, it
too appears to be moving toward a system where law issues less from
state authorities and more from private ones. Post's article brings
out this point well.
As for terminology, I prefer "polycentric." Originally coined (I
believe) by Polyani with regard to non-hierarchical societies, it
works quite well in economic and legal contexts. A polycentric
system harbors overlapping authorities in free and open competition.
Tom W. Bell
Law and Technology Program
UD Law School
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