[pavlov]

I agree the financial adoption is fun to watch (from the sidelines, eating popcorn), and I think there will be interesting applications for smart contracts eventually.

However I'm not convinced that Ethereum's "jack of all trades" approach has long-term potential – it looks a lot like an initial vague research prototype that needs to be pared down to specific verticals before you have a product. (Exposing the stupidity of everyone who tries to use it for anything may not be the best way to build a long-term community?)

Personally I like to imagine Ethereum as a 1969 mainframe occupying a giant office floor, and then ask the question: ARPANET was just around the corner in 1969, so what would that change look like this time? In other words, what's the "TCP/IP" for Ethereum's "mainframe on dial-up"?