Ah, J. J. Phillips, I'm glad you're back in this thread. I think you might have missed my reply on the previous page: https://bitcointalk.org/index.php?topic=1012231.msg11255554#msg11255554; in it, I answered your requests for sources and background information, and commented on the rest of your post in some detail - by the way, let me apologize in advance for the great wall of text.

Also, the previous post, for which, at the time, you didn't have the opportunity to answer in full, is now back at page 6; here's the link to the post, if you want to take a look at it again: https://bitcointalk.org/index.php?topic=1012231.msg11065074#msg11065074 - I touched upon, and somewhat expanded a few of the same points in my latest reply though, so feel free to merge those, if you will.