I'd love to have a discussion about this. Just saw this presentation:
http://www.finovate.com/asia13vid/klickex.html

They're calling it Cryptocurrency 2.0, and it's supposedly asset-backed, though it seems like the asset is local currencies. What's significant about this is that it seems like it has the support (and backing) of the central banks. So it looks like this is the direction they want to go in.

What do you guys think about this? Does it have a chance to succeed? When launched, how will Bitcoin fit into that system?