From the webpage:
Ethereum is a platform and a programming language that makes it possible for any developer to build and publish next-generation distributed applications.
Ethereum can be used to codify, decentralize, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property, and even smart property thanks to hardware integration.
Ethereum borrows the concept of decentralized consensus that makes bitcoin so resilient, yet makes it trivial to build on its foundation. To find out more about how Ethereum works, consult the whitepaper
.…will you build out of the Ether?
Distributed systems are a great idea but most governments won’t tolerate parallel monetary systems.
Primarily because it interferes with the ability of a central bank to simply declare there is more money in the national treasury than anyone suspected.
Adjust the decimal place a bit and suddenly the government is solvent again.
Having a parallel monetary system, like Kong bucks, would interfere with that capability.