This would make a really good rfc so many folks can punch holes in it if possible. On first look it appears though to be extremely well thought out. I think we should formalise this and make it a part of documentation on the wiki/web site etc. as many folks will be very interested in this process. Be neat to also run tests on this during the testing phase. If such coins were able to somehow get tagged/pegged for a side-chain type solution then who knows what possibilities would come of it.
I can sniff a potential mechanism for divisibility etc. as well, this could grow into something quite substantial indeed. Best of all it’s the community now starting to take hold and be the innovators on their own network (SAFE) and this has been a goal for sure. Great work @Seneca as we move through the mvp you will get a lot more maidsafe eyes on this as well to help out.
TL;DR Here lies a potential game changer for the SAFE network and projects that run on it.