The problem I have with user issued tokens vs community tokens backed by SP is the spam that user issued tokens would create. There should be an overhead to creating the token in holding SP. It should also relate to improving the value for Steem and SP directly. Steem chain does not charge fees, which means steem will not be the GAS for these tokens, instead of issuing junk tokens, locking steem in SP to back up these tokens creation would give the tokens an initial value and improve the value of steem.
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I say, completely decentralize token creation and let anyone and everyone issue their own tokens by just a few clicks of a button.
The team working on Golos has announced that both of these will be implemented. I suspect that Steemit will do the same sometime next year, after the Communities feature will be implemented by the end of this year.
Support for UIA (user issued assets). This means that you can issue your own tokens (not smart coins) and use them on our blockchain. You can find examples of the implementation on Bitshares.
Support for Smart Coins (coins backed with different assets, as collateral at the choice of the creator represented by Golos tokens).
I would only let people do that when they know what they are doing. Say SP > 300, reputation > 70 just as an example.