If we turn the web into an anything-goes bonanza using binary code without any keys, credentials, or permissions, WebAssembly (and Turing complete CSS as well) may be well the beginning of end of the web as we know it, giving raise to a new, leaner and more restricted platform (for which some are already on the lookout, BTW).
[Edit] A small real world example: Client asks me to implement a third party plugin to allow them direct communications with their users via their website. A quick scan of the source code tells in a minute that the script isn't just doing that, but is also tracking user behavior and is phoning home related data. Now I can ask the client, if they really want to expose their users to this. With WebAssembly, there's no chance to do so.