ultimately what cyberspace does in many ways is decrease the "granularity" of economic transactions. you can imagine that an economic transaction has an overhead cost associatd with it needed to manage the bureacracy of the cash transfer. the army of people that have to support check passing, such as the mailman, bankers, etc., the people in the company that have to open envelopes and punch keys, etc. ad infinitum. these vast teams/roles of people are going to vaporize to move into other aspects of the economy. increasingly, the overhead of an economic transaction will move toward the infinitesmal. this radically changes many business models. consider the stock market for example. you have a situation where it doesn' t make sense for a company to be traded on the stock market except after some threshhold has been reached. I suspect this threshhold is due directly to economics that could radically change in the near future (say a decade). what I suspect this might mean is not merely new kinds of stock markets, but a massive plethora of new forums in which business can be transacted in cyberspace. I think we are going to see many new stock exchanges as the capital moves towards the ones that most efficiently handle it. and increasingly, I think you will see very small companies have stocks. you will also see a much better means by which an investor can judge the value of a company. the assets will be more open and thoroughly revealed on public web sites of the company. increasingly the outsider will be able to "peer into" a company for investment or business purposes. the companies with the most open policies are going to be those most favored by their customers. what would be neat is if one could invest in very small companies or ideas. I suspect our economy is moving in exactly this direction. also in addition to this, I suspect that regulations governing stock transactions are going to be challenged and increasingly melt away in the long run. the open market will find its own ways of guaranteeing the safety of its transactions that will make government interference only draining or damaging. so you can imagine that our economy of today is like moving around big boulders-- you need a lot of people and organization to create economic transactions. in the future, transactions are going to decrease in granularity and you will have a system more like the flow of electricity throughout an entire system. the revolutionary implications of cyberspace have barely begun to be uncovered. ultimately it will radically change the nature of our economics and government systems just as the introduction of the printing press did in its time.