Oh wow.

I'm still absorbing this thread, but I have to post some encouragement. After my speaking on "Bitcoin in the Future" on a panel at the San Jose bitcoin conference, somebody came up to me and pointed me to this thread.

I wrote a whitepaper about something very similar. Have you read it? (see my signature).

It sounds like you are one of the few people in the world who see the enormous potential of using escrow and speculators to stabilize a token, which can then track the value of any currency or commodity desired.

As far as I can tell, the biggest difference between my proposal and yours is that I tried to provide a mechanism for a "kickstarter" type fundraiser to get things rolling on a new layer of coins running on top of bitcoin, which also lets people invest in the success of the idea and profit if it works.

You and I need to talk