Very interesting idea. If I understand it correctly, this is a de-centralized Bitmit. I am not understanding how they deal with fraud, however - solving that problem is cruicial. Also how to deal with Vandals who just call it fun to disrupt a system? If they can solve this, they are a very serious competitor to ZR.

I am not entirely happy with my solution to the Vandal problem: I put a price tag to DOS attacks, but for someone who is willing to pay the price, they can do more damage than it costs them.

But then, maybe I am taking it too serious. Seems like nobody attempted to DOS the Bitcoin network so far, even though it seems quite possible.
(Some people called Satoshi Dice a DOS attack....   )



EDIT: I called them a potentially serious competitor. That does not mean I don't welcome this. My purpose is to help making the Bitcoin ecosystem immune to Govt/Bank action. I applaude everyone who does the same.