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.