Thanks for this. I had heard the name but didn't really know much about it. Is this similar to token creation via NXT but just ether's version?

I imaginine in the future this not being used for personal token creation but for companies and organizations. It's much simpler and less restrictive than becoming a publically traded company and lets the public raise/lower the valuation of said company without giving up any ownership. So no more sharking 51% of stock and having a controlling stake although you can own a majority of the coin and manipulate it's value. Meh...there's bugs to work out but I believe this could revolutionize the way companies are bought, sold, and evaluated along with providing wage reform if a company pays it's employees in it's own coin.