I'm new to Ethereum. The way I see it, the catch of Ethereum is that everything is decentralized so dapps are transparent and users can be sure of how their information is being used, that their money goes to the right places, and that certain conditions are met in order for a procedure (a.k.a. Smart Contracts) to proceed. Basically it's a completely transparent system that no one party owns so we can be sure that everything is peer to peer. Is this correct?
So lets say I build a Facebookthereum (Facebook on Ethereum). Why would anyone use that over Facebook itself? I don't believe users care enough about their privacy to ditch the mainstream applications. Ethereum feels like a hard sell that only focus on implementation details that users don't really care about. They just want pretty UX / UI, and a working app. Sure Facebook uses my demographic info to generate ads and stuff, but does it really bother me that much? Not really.
So how is Ethereum so revolutionary? I could see it used but only for a limited amount of things mostly related to money like how Augur does event betting. In the betting space, you want to make sure you get your money if you win, etc. But I don't see how it could replace all of the huge corporations or how any non-money related apps would make money.
Please enlighten me!!