If that's how "crypto-currency" is going to work, it may as well be called "crypto-chips".

While I think there is enough trust for the BitCoin system to not have a "run on the bank" type event in the foreseeable future, the future surely belongs to new ideas that avoid the solvable problems of old, even if the financing of their implementation was only possible in the old system.

You know, technically speaking, the type of system I described here (sans the use of an inverse proof-of-stake method) can actually be used with the existing BitCoin. All you have to is reprogram the exchanges, so that way the buying and selling operations are based on the mechanics I described. Imagine if that were implemented before the boom of April 2013! These things would be WAY more valuable (pump with no dump!) and a hell of a lot more fun using BitCoin as opposed to trading it as it would have more trust with merchants.