re: Official CryptoTalk Thread

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Iam excited precisely because we do not know what we have created, and more importantly, what you and your friends will create with it. My belief is that terms like “Bitcoin 2.0” and “Web 3.0” will be inadequate?—?it will be a new thing, with new ideas and new culture embedded in a new software platform. Each new medium changes the message: blogging brought long form writing back, and then twitter created an environment where brevity was not only the soul of wit, but by necessity its body also. Now we can represent simple agreements as free speech, as publication of an idea, and who knows where this leads. Ethereum Frontier is a first step: it’s a platform for programmers to build services you might access through a web browser or a phone app. Later we’ll release Ethereum Metropolis, which will be a web browser like program, currently called Mist, which takes all the security and cryptography inherent in Ethereum and packages it nicely with a user interface that anybody can use. The recent releases of Mist showcase a secure wallet, and that’s just the start. The security offered by Mist is far stronger than current e-commerce systems and phone apps have. In the medium term, contract production systems will be stand-alone, so nearly anybody can download a “distributed application builder” and load it up with their content and ideas and upload it?—?for simple things, no code will be required, but the full underlying power of the network will be available. Think along the lines of an installation wizard, but instead of setting up your printer, you are configuring the terms of a smart contract for a loan: how much money, how long, what repayment rates. Click OK to approve! If this sounds impossible, welcome to our challenge: the technology has gotten far, far ahead of our ability to explain or communicate the technology!

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