Why bother? The key advantage of trusted authorities like Verisign is that the root certificate is preinstalled on a large percentage of the browser base. In IE, click tools, content, certificates. Do you see CACert listed as a trusted root? How about trying the same in Netscrape? I thought not.
In that they are not a trusted root, this means that you have to run around to every client that will connect to your server and install their root certificate. Is says as Much on their site.
"For convenient and trustworthy communication via the Internet, we recommend that you install CAcert's root certificate in your browser. This enables confidential and authenticated communication with others who have also installed our root certificate."
If it's really that important to save the $200/year, then stand up CA and issue your own to yourself. You'll still be an untrusted root, and will have to run around to all the clients and install the certificate. I don't see where using CACert gets you anything.
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