Makes me think of a related font, dotsies [1]. It's not necessarily meant to be displayed at 1px wide, but it would be possible. The intro/tutorial on that page is a pleasure to go through, in a mind-bending way.
[1]: http://dotsies.org
[1]: http://dotsies.org
But I think color alphabet may have some merit: http://www.omniglot.com/conscripts/6color.php
0: https://news.ycombinator.com/item?id=3602163 the bottom link is v3.
If there is one already, let me know.
Actually, looks like all the permutations in the bookmarklet only allow you to use glyphs in Dotsies.tff, and there are some possible glyphs missing. I'll have to edit the font file.
I'd say it's a fun exercise for anyone at all interested.