Are Alt-Safecoins possible without core module modification?

[jreighley]

As I understand it, Altcoins will be possible – But out of the box - SAFEcoin cannot be used as a “colored coin” that is as secure as regular safecoin… Although it may be possible to do…

See David’s comment here:

Practicality and uses of Micro-currencies on SAFE

At the moment safecoin is a SD type known to vaults (they generally dont care SD type and treat all the same). So the vault network can confirm safecoin creation through it’s steps (created at a PmidManager group → NaeManage → close to farm attempt → NaeManagers (close to safecoin address) → back to Original group) this gives a load of security and makes it very hard to game. Due to this then coloured coins may not have the same security (but so we need it, we are being ultra cautious here). …

BenMS’s brainstorms below that in the thread may provide more insight as well.