Yep. I remember when it was published. I was on the Cypherpunks list back then, and it was a fascinating group for a while.

Tim May was a vocal, eloquent proponent of anarcho-capitalism[1], and believed that crypto and the net were crucial tools that would tip the balance of power between the individual and the state, cause an erosion of tax-collection powers, and eventually tip the world into a mode of 'voluntary' interaction that others, myself included, argued is indistinguishable from feudalism.

[1] For those of you who are aware of the various minute distinctions made around these schools of thought, May proposed a very "hard" form, arguing that 'voluntary' agreement to slavery and whatnot were perfectly acceptable.