That's a great way to simplify it. Even then it sounds so complex. There are going to be a lot of people that miss the boat on this thing.
I like Vinay Gupta's discription, "I'll tell you exactly what Ethereum is: a blockchain for storing code. Bitcoin stores transactions, Ethereum stores programs. Those programs have persistent state on the blockchain and are capable of moving value around the system, hence you can build games, financial instruments and so on. These things are called "smart contracts" for historical reasons - nobody would call them that if they were invented now!"
Bitcoin has dominated so long, I think it is hard for people to believe that Ethereum can be worth more then Bitcoin. But I am starting to think it could be worth much more.
Nice this is a good description as well. Ill have to look up Vinay gupta. I will to incorporate parts of this when i explain it.
Dude couldn't someone just make a bots to create and comment on other's posts all day in order to rake up money? or couldn't everyone in our FB group comment and like each other's stuff everyday? This steam stuff is very interesting. I may need to master the art of the click bait title.