Well ESP would run on a decentralized distributed computer. Elastic coin is it's cpu and safecoin is the hardrive. Something like one coin would be produced every hour and distributed to those that spend PAC during that hour phase. Just as an example of what might be done.
by ESP do you mean this coin?
https://bitcointalk.org/index.php?topic=1434700.0which is currently having a ton of chain problems itself? people are complaining about not being able to sync, pos not working and PoW not working