It's too big to wrap your mind around all at once.....once contracts start calling other contracts in an object oriented style, major innovations will begin to congeal....the problem now is that everybody is trying to build something that can stand alone....imagine something like the Augur contract calls the Bancor contract (Joey Krug was working on a similar tether formula) which utilizes the Golem network which then again reports back to the Augur oracle....Once somebody comes along and connects the individual contracts (building blocks---"objects") in an innovative way, the worm will turn....wait for it because it's too big to see at the moment! https://dapps.ethercasts.com/