The problem I see with Ethereum is that it is way too complex. I have read perhaps at least 10 times on their home page without even understanding what it does, what problems it solves etc.
This is the sole reason why I don't think it will be successful in it's current state. With most successful tech or services or whatever the core idea is often super simple to grasp and you can instantly see the benefit. I don't see this with Ethereum.
Even with bitcoin which is complex the benefits are instantaneous for the common man. Decentralized system, no single entity controls it. It is a fixed amount of bitcoins so like a mineral it's value is probably going to be stable in the long run and also each bitcoin will increase in value when more people get interested. It's easy to send coins to anyone in the world, at any time.
What does Ethereum do? Smart contracts is probably the key word but I don't understand how it works or how it will benefit me. Why bother?
This is the sole reason why I don't think it will be successful in it's current state. With most successful tech or services or whatever the core idea is often super simple to grasp and you can instantly see the benefit. I don't see this with Ethereum.
Even with bitcoin which is complex the benefits are instantaneous for the common man. Decentralized system, no single entity controls it. It is a fixed amount of bitcoins so like a mineral it's value is probably going to be stable in the long run and also each bitcoin will increase in value when more people get interested. It's easy to send coins to anyone in the world, at any time.
What does Ethereum do? Smart contracts is probably the key word but I don't understand how it works or how it will benefit me. Why bother?