I fully agree with your view Obsi: Open-transactions is huge and I'm too dim to fully get a handle on it all, but I like it!

It's a great way forward. We now have a distributed trusted currency (btc), but need a way to apply distributed and trusted business logic vis a via this currency.

The problem I see is the full OT vision is a little to large to tackle all at once. It spirals into so many different areas that its mind-boggling. Hence, I think the best way forward is for someone to break off a small chunk and try to make that "simple enough for Grandma". Particularly, by solving a real problem / doing something people want to do.

I think the "Smart Contract" feature may be a good place to start because of the obvious practical applications. Moreover, "signing a contract" is something that we all already know...there is a direct analogue to the physical world....whereas issuing digitally signed currencies will seem like outer-space talk to Grandma.  

Want to bet $10 with your friends that the Giants are going to win the game....fire up your handy Qik Contract program you downloaded from the App Store and publish a bet against them...etc..

The beauty of this, is that it doesn't even need to involve BTC originally, so no complicated learning curve. Simply an easy, secure, distributed contract app. However, this sets things up perfectly as a gateway into BTC because compensation for a contract is the obvious next step.