Turing complete distributed network programming language. The world changing implications of this project if met with success at scale will not be insignificant.
From where I’m sitting Vitalik, Charles, Anthony, Mihai and team are a couple steps ahead of the rest of the community in terms of rational thought and vision.
They are writing a new programming language to make Decentralized Autonomous Organizations possible by way of interlocking smart contracts.
A possible eventual outcome of this and later projects, if successful, is something approaching the singularity; computer programs in the decentralized borderless “cloud” will now be able to incentivise people to do work. Feed them real world data from computational knowledge sources like wolfram alpha or google and the efficiencies and possibilities are mindboggling; the programs will be able to verify progress of real world tasks and payout in cryptocurrency accordingly.
I see a synergy between ethereum and bitcoin. Bitcoin has the advanced network effects and is a stable dedicated currency app. Ethereum promises to be the operating platform on which it moves to conduct business. As explained to me by Charles, Ether is the “oil” on which the Ethereum machinery runs. It will have a place as well in the new economy.
This could reshape the world as we know it over the next 30 years.