Can one create their own Alt SAFEcoins?

[polpolrene]

This question also came up in this topic. But it became a very long read

What if? You could lock a Bitcoin in a Safecoin?

This is just a thought experiment to see if there is any logic/point to my reasoning. But imagine if you could lock a Bitcoin in a Safecoin and how would you accomplish this. As some of us may know, cryptocurrencies are just simply privatekeys, which enable you to spend coins. With that said, you would only need a privatekey to access the funds. Let’s start. Step 1 First I did a clean install of the Bitcoin client, with only 1 address, copy the address. Step2 On the Bitcoin client goto “He…