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From the Wikipedia:

"Crypto-anarchism is an ideology that expounds the use of strong public-key cryptography to enforce privacy and individual freedom. It was described by Vernor Vinge as a cyberspatial realization of anarcho-capitalism. Crypto-anarchists aim to create cryptographic software that can be used to evade prosecution and harassment while sending and receiving information in computer networks. Timothy C. May wrote about crypto anarchism in Cyphernomicon:

“What emerges from this is unclear, but I think it will be a form of anarcho-capitalist market system I call "crypto-anarchy."”

Using such software, the connection between the identity of a certain user or organisation and the pseudonym they use is almost entirely unprovable, unless the user reveals the connection. It is difficult to say which country's laws will be ignored, as even the location of a certain participant is unknown. In a sense, the encrypted anonymous networks (the "cipherspace") can be regarded as an independent, lawless territory. However, participants may in theory voluntarily create new laws using smart contracts or, if the user is pseudonymous, depend on online reputation." (