So I can't sleep tonight and am bored... I decided to go to the first page of the Alternative Cryptocurrency subforum on Bitcointalk and something caught my eyes. A thread titled "Multicoin, Namecoin, Goldcoin, Silvercoin, OilCoin, 1971coin, backed by bitcoin!"
Warning: This thread leads to several other threads discussing the same topic, and could waste hours of your time as it has mine!! https://bitcointalk.org/index.php?topic=31032.0
After reading several solutions to creating FIAT or commodity "market pegged" assets from 2011, it seems BitsharesX is likely a superior solution from the ideas that were shared, although some ideas come shockingly close to exactly how BitsharesX works.
Admittedly I haven't read all the threads or posts thoroughly which are linked in this thread, but I thought some of you may find these conversations interesting and perhaps there is a good idea that could improve BitsharesX buried within.