Thanks for the suggestions. I agree with everything you said. Based on your comments I am going to suspend the bounty for this project for now. If anyone has started work on this project in hopes of obtaining the bounty please suspend development now. I'll get in touch with Andreas and see if we can come to an arrangement.
If I need to go back and ask the community directly for help I will lay out a more flexible series of milestones and an achievable project deadline. Regardless of who does this project I need to do some additional design work and work closely with a developer to get a quality implementation.
I thought about pegging the bounty in USD but it felt like heresy to use USD instead of BTC
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
Thanks