Well said. I agree with the need to back the cryptocoin with purpose (Primecoin) or at least a steady value. I am an advocate of the time dollar concept which could be broken down into minimum wage of any particular fiat if need be.
Regardless if the coin does calculations we need to remember that currencies are supposed to be representations of real resources. The community should remove the mindset that fiat currencies can back other fiat currencies.
If we could evaluate the basic needs it would take for a person to exist (just the living necessities) and what resources they need to maintain a fulfilling lifestyle (or even one that just gets by) It would be possible to figure out what the currency will need to represent. It's all about agreeing what the trinket is worth to the farmer vs what it is worth to the contractor and everyone in between.
SciFi coin has reminded me of what the UFC represented in Star Trek and has since inspired me to look more into its possibility.
Thanks for your post.
http://scificointalk.com/index.php/topic,4.0.html