reviving this old post to let everyone originally interested in sheercoin know that an independent but very similar project appeared: cruzbit.

github: https://github.com/cruzbit/cruzbit
announcement: https://medium.com/@asdvxgxasjab/cruzbit-a-simple-decentralized-peer-to-peer-ledger-2944495b6129?postPublishedType=repub
dev twitter: https://twitter.com/asdvxgxasjab