"Ethereum applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. These apps run on a custom built block chain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk."
This a directed attack against corruption (fraud) which runs wild everywhere in our government and private industry, censorship, and middle men.
The Oligarchs and the governments they control are in Trouble.
