What is a smartcoin?
A trustless token representing the value of a certain asset? I think that's the main advantage of a smartcoin.
What makes them special?
- "Accessible" to anyone who has internet connection. In practice, is not that easy atm, but I guess that's the objective.
I don't know if I'm pushing it with this but
- They aren't subject to any law from any jurisdiction, hence, they can't be seized and taken away. Ie. Not subject to Civil Forfeiture law. I don't, if this can, however be applied to the owner of the smartcoins.
- This consequently makes people more independent from a system that they themselves don't even know how it works due to its complexity and that can easily abuse its power
- This consequently makes (or should) make their use and management less restricted and easier for anyone.
- Facilitates the life of the unbanked
In a simple sentence I would say it makes any asset more accessible to anyone (even though it's just a representation of its value) and people aren't subject to abuses from the law. At least, not as easily. It gives them more independence.
I prefer not to use the sentence "it gives power back to the people" as that might be misunderstood as some ideal or more radical political view and can be easily misjudged and immediately ignored by some.
I think this would the easy route, for anyone. Then you could go in more detail for traders and people into that kind of stuff like hedging, ability to switch from an asset to another literally in seconds, etc