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"I think crypto will slowly percolate its way up and people will adopt it gradually as user friendly, cheap products, become available."
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In this novella, Larry Niven explores some of the social consequences of having unlimited, cheap teleportation. One social consequence is that when millions of people see something interesting about a location on mass media, all of those who think "gee, I'd like to check that out" can get there in the blink of an eye.
At this point in the story, the Tonight Show has reported on an interesting ocean phenomenon at Hermosa Beach.
Displacement booths are the technology that allow teleportation to work.
Niven is not the first person to worry about the social and political consequences of teleportation. In his classic 1956 novel The Stars My Destination, Alfred Bester wrote this about the development of the ability to jaunte (teleportation by mental ability):
You might also enjoy reading about the transo, a commercial teleportation device, from Clifford Simak's excellent 1961 novel Time is the Simplest Thing. Simak also explores the effect that cheap teleportation has on business and society.
Also, check out Smart Mobs, a website devoted to non-sf writer Howard Rheingold's book of the same name. He writes about the use of communication technology (cell phones and messaging) that allow groups of people to coordinate mass action.
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