Has he? I've seen an announcement about Realcoin. It is purported to to be a cryptocurrency that is controlled in lockstep with the US Dollar. Tell me - exactly how is this to be accomplished?
USD backed tokens, issued and backed by a bank, running on Mastercoin on to of bitcoin. Bank can always issue or take in tokens to control supply, and promises to back 1:1 with full reserves.
Maybe Pierce has a viable scheme. I don't think he does. I think he's lying. I think he is just trying to attract fantastic sums of VC money with which he can live large -- just like every other failed business in which he has been involved so far.
Brock IS the VC, and has been the funder in all those business, including failed one. He has more money than he knows what to do with, so doesn't need anyone else's help to live large.