You are right in that the implications are huge and mostly very positive. However, the ability for terrorists equipped with sufficiently advanced technology to manufacture dangerous weapons of mass destruction easily (like plastic explosives) is a serious matter that cannot be papered over. Some kind of solutions are needed that are not Orwellian and do not stifle innovation but offer some kind of protection from lunatics who could easily kill hundreds aided by having access to WMDs.
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Terrorism is a byproduct of authority. We need to get rid of the authority mindset, of putting someone in control. Nature has existed like this for billions of years. Government can't last more than a few centuries without collapse. The solution is to disband authority, then the need for terrorism will vastly diminish. Without these vast organizations, the amount of damage that can be done will diminish as their size correlates to the size of the ego. Corporate power created the "cult of the self" that Chris Hedges speaks of and it's one of the problems that generates authority.
@adamkokesh has an interesting suggestion in "crime insurance" that actually tries to make victims whole again. This is something that government sometimes pretends to do but in reality doesn't even come close. Once you get used to the idea that there's nothing owed to you and that anything can happen, you will then have the right amount of responsibility to find yourself in balance with nature.
I agree that some people having power over others is a problem. But getting rid of mentalities is a slow process often outpaced by technology.