Here's a potential model that could be built on existing code open source code:

A program that runs on every users computer modeled on the dark net protocols.  

The network is powered by users and miners hashing power.  Completely and totally independent of the current internet.

Fees for each transaction are paid straight to miners to keep the system running fast.

Transactions fees are auto adjusted by the program based on the exchange price and the network speed.  

The network speed goes down, transaction fees go up.  

Price goes up, transaction fees adjust to reflect.

So there is always a fair transaction fee with the network speed being the governing metric.  This ensures we always have a fast network.


Next up:

- Solving the trust problem.

- Solving the fiat into the system problem.

I have ideas for both those problems.  But first things first, setting up the decentralized platform.

Strike while the iron is hot.  NOW is the time to get this thing move.

Techies, please chime in here.



 

see front end basically done and this thread...Google infrastructure in place

https://bitcointalk.org/index.php?topic=174117.0

Impossible to solve legally due to AML and KYC regulations. Only centralized exchange can solve this.

We create the exchange, and each broker (MtgGox, BTC-E, BitStamp, BitInstant...) got to find solutions locally to the legal demands in the country which they are based.