That's quiet a different picture from how Techdirt descibes it. Even if it's wrong, you shouldn't have been downvoted for sharing a link that shows how others describe it, which is maybe how it got passed.
As governments become more and more obsolete in their failure to grasp and appropriately regulate rapidly evolving high technologies and their interactions with society, should we expect alternatives to arise? Perhaps global alternative institutions with the internet as the shared region.
The bottom line is the (monopoly?) that nation-states have over the use of force, such as might be used in control over the physical telecommunications infrastructure.
Government and money need to adapt to become high technologies.
