What a coincidence!
Max Wright just released this interview with Dan Larimer on User Issued Assets!
User Issued AssetsA detailed written explanation can be found here:
https://bitshares.org/technology/user-issued-assets/
Once you've pondered BanxShares with these new mind-expanding concepts in your head you'll see that there is much more you can do with crypto than the minds of men have yet to imagine.
Just like all the cool things you can do with plutonium.
My only recommendation is that financial products like this are better off being listed on the BitShares Exchange Network (BEN) as user issued assets rather than as stand-alone coins. On Big BEN they would find higher performance, lower costs, greater network effect, and informed, economically aware people who are looking for lucrative new business models and financial instruments in which to trade, speculate, and invest.