World computer is a fairly dumbed down way to describe it. Accurate descriptions need more jargon: for example, you could call it a peer-to-peer settlement net

World computer is a fairly dumbed down way to describe it. Accurate descriptions need more jargon: for example, you could call it a peer-to-peer settlement network with autonomous business logic, or something like that. Here's what I wrote on a reddit thread to pitch Ethereum in a simple way: > If you want to operate some mechanism that involves binding agreements and reliable bookkeeping -- like a crowdfunding campaign, a remote employment contract, or even a digital currency system -- then you currently need to set up a highly secure central server, and every participant needs to trust you with the admin password. > With Ethereum, you can upload the exact rules of your "game" to an enormous peer-to-peer network where each and every node verifies the integrity of every action, where forgery is made so difficult that even a well-funded state actor probably can't do it, and where all history is backed up across the internet.