Well I think it's good to have competing solutions. I don't want to go against BTSX, but am really curious to see how this solution would play out.
That said - I can see it as a fork of BTSX, and if it works better, then it will be the new BTSX (or BTSY or whatever it's called).
I don't get why no one seems to be the least bit interested in it. The volume and liquidity are two of the weaknesses Bitassets have as they exist today. If this has the potential to solve those weaknesses, then it should be considered. If we can increase liquidity then we will likely see increased volume. The added market fees, volume, and adoption this has the potential to bring could possibly make up for the slight dilution (if that is what BM means by "eating shareholders lunch").
Sure, it would work completely different from the way Bitassets work today, but is that necessarily a bad thing? The pros and the cons need be laid out in an easy to understand fashion so everyone can make an informed decision on the proposal and so far the cons are not really that clear. Some of the economics and technical stuff are a bit over my head, this being one of those cases, and I need it explained in plain English to make an informed decision... and I know I am not alone.