Enter Ethereum. Ethereum has taken what was a four function calculator of a programming language in Bitcoin and turned it into a full fledged computer. We now stand only 9 months out from the beginning of the Ethereum network and the level of app development is already faster than Bitcoin’s. We are finally getting rapid iteration at the app layer. In one early example, people have designed a decentralized organization (The DAO) — a company whose heart is code and peripheral operations are run by humans, rather than the other way around — that has raised $150m so far in the largest crowdfunding ever.