Excellent! I really appreciate your efforts to "de-geek" a lot of this stuff. Even though I wrote my first bit of code in 1976 (aaaaaack!!!) and have been at it ever since, a lot of this stuff is waaaay over my graying head.
But if Steemit is going to gain any sort of traction outside a small core group of dedicated blockchainiacs... we need more of these plain language explanations. And more "real" applications using blockchain technology... imagine a decentralized eBay-style marketplace that's peer-to-peer rather than "Evil Empire."