Hello, I bought some bright powerful LED's peak-rated at 2W each and I want to run them off a safe 50 VAC power supply. I decided against regulator circuits because of the cost and/or complexity (if I were to build one) so I thought of another design using caps for limiting current but yet using both halves of the wave.
Here's the basic circuit:

As safety precautions I plan to add a fuse before the circuit and MOhm-rated resistors in parallel with caps so there's no residual voltage. The anti-parallel diode is there just in case any reverse voltage goes over
I haven't built it yet (it works in simulations) and I would be happy to receive criticism and warnings before I do build it and it melts my face.
One concern I have that the simulation shows is the possible sudden current peak when it's turned on.
Here's the basic circuit:

As safety precautions I plan to add a fuse before the circuit and MOhm-rated resistors in parallel with caps so there's no residual voltage. The anti-parallel diode is there just in case any reverse voltage goes over
I haven't built it yet (it works in simulations) and I would be happy to receive criticism and warnings before I do build it and it melts my face.
One concern I have that the simulation shows is the possible sudden current peak when it's turned on.