Hello,
Things seem to be drifting in a direction which is pretty far away from the original goals. Users creating alt coins?
All the end user wants is some software he can run, which will facilitate a secure currency exchange without any need for a central server. That is the goal. I think you should focus on that and keep all the other good ideas for another time and another project.
-Michael
Sorry I have been away a few days. Been a little under the weather. But I am back now.
Michael,
The end-users would not have to create anything. Just install a plug-in into their bitcoin software.
You asked me in a previous post about security measures in the p2p exchange. The security coins (sec-coins) are a supplemental method keep secure the p2p network infrastructure.
The processes that I am writing about on here are background processes that the end-user does not see.
The end-user would not ever see the sec-coins. His client would perform all of the validations. All the user does is click yes or no to confirm the transactions.
Please understand that p2p networks are decentralized by nature; so, not all of the server operators are going to be honest, good hearted people. So the network must be designed to be functional while keeping a good measure of security to protect the end-user accounts.
This thread and my design are geared mostly toward software developers and system admins who would be interested in developing or deploying such a system.