SlowCoin-A fully decentralized currency

Hello,

I have an awesome idea to make currency more de-centralized and impartial,Idea is taken from monero(XMR).

Here there are miners to mine the coins to perform the duty cycle as usual.But the holders just download an app that asks you a certain sum as a security deposit for the wallet size that determines the size of transaction that can be made through the wallet.This deposit serves as a contribution to the app interface for its functioning so that intermediaries dont run away with the payees money meant for the person getting paid

Now hypothetically,if 20 people download the app(which will be like u torrent or bit torrent).I want to transact currency from C to F in exchange for a service or hard cash and suppose C and F both have 100$ in their security deposit and wallet.

C will initiate a transaction to F for certain amount of SlowCoin(SC) say 20$.The 20$ from C's account will go to his security deposit(120$) . 20$ from F's security deposit moves to his main account.

Suppose lets say we have A,B,D,E in the vicinity of C.G,H in the vicinity of A,B,D and G,H in the vicinity of F.B and D will give to F a certain amount from their security deposit to F till their security deposit's proportion is equal to F's security deposit proportion,then G,H,A will give a certain proportion of security deposit to B and D till their secDep equalizes proportionally.Similarly F's security deposit equalizes proportionally with A,B,D,E like a pipeline from C to F.

To keep the system active the rules are:-

1.The participants must facilitate transactions for a certain time ,for users around you to facilitate the participants transactions for the same amt of time

2.The number of other participants the O.P facilitated the transaction for (based on the proportion of security deposit).That many devices would facilitate transactions for the OP.

3.The devices would be connected to each other via bluetooth and money will only be managed by their devices itself.

4.Programs can be made tamper-proof by some sort of hash-key system assigned to the program by the mining duty cycle.

The miners can also function as a balancer between geographical areas that are excess in (SC) and shortage of (SC).

I cant believe no one came up with a peer to peer method of transacting