My Family Savings Story 87

~Verbalizing Smart Contracts Volume~

The biggest feature of Ethereum is smart contracts. There are a wide range of uses other than remittance and settlement, such as contracts, NFT art, games, etc.

This smart contract is difficult to verbalize and understand. This time, I tried verbalizing smart contracts.

I'm “...”

I was “... hmm”

Bride “What happened? What are you thinking about?”

I said, “No, I thought about Ethereum”

Bride “Really?”

I said, “No, I don't understand Bitcoin. What is an encrypted decentralized currency”

Bride “So?”

I said, “Other than Ethereum payments and remittance, I can't keep up with my understanding of NFT art, unique tokens, and smart contracts that can also be used for contracts.”

Bride “Well, it sure is difficult!”

I said, “OK?”

I said, “I'm going to invest in Ethereum in crypto assets from now on, so it's a big deal if I don't understand it properly”

Bride “Well, don't worry too much about it”

I said “yes”

-In a few days-

I was like, “I wonder if it's OK with this kind of image?”

Bride “What happened?”

I said, “Smart contracts. I was able to verbalize it. Can you listen to me?”

Bride “Really? Let me hear it~”

[Verbalize smart contracts] Let's replace crypto assets with familiar banknotes. For example, bitcoins can be used for payments and remittances. Remains the banknotes we are used to seeing and being used to. So what about Ethereum, which has a smart contract function?

There is a memo section where you can freely add notes to the bill. Art can be written there, contracts can be made, game rules and programs can be written.

When something is added to the memo column, its value as currency is lost. However, new values such as art, contracts, and games can be created. Isn't this a smart contract?

I think “that means”

Bride “I see”

Me: “Creating new value is cool. If you create more value than the Ethereum you've spent, you'll make people happy, and you won't be able to make money.”

I said, “That's really good, isn't it?”

Bride “Yes”

Bride “I'm going to buy a little bit of Ethereum, what motivates me”

I said “let's do it”

My family's savings are still going on.

*My understanding of Ethereum has deepened, but it is doubtful whether the interpretation is correct. If you have any objections, I'd like to ask for corrections in the comments.