making my own server on my own system

[Lokymean]

I have read and processed http://www.eqemulator.net/wiki/wikka...CategoryServer and http://www.eqemulator.net/wiki/wikka...ka=ws992mysql5.

My issue is I am only making this server for myself and my children and maybe 2 friends.

<?xml version="1.0">
<server>
	<world>
	    <shortname>Ba'alt</shortname>
	    <longname>Paranor Server</longname>
	           
	<!-- Only specify these two if you really think you need to. -->
	    <!--<address>Serving Machines IP</address>-->
	    <!--<localaddress>127.0.0.1</localaddress>-->
	   
	<!-- Loginserver information.  -->
	    <loginserver>
	        <host>eqemulator.net</host>
	        <port>5998</port>
	        <account></account>
	        <password></password>
	    </loginserver>

	    <!-- Sets the shared key used by zone/launcher to connect to world -->
	    <key>some long random string</key>

	    <!-- Enable and set the port for the HTTP service. -->
	    <http port="9080" enabled="true" mimefile="mime.types" />
	</world>

	<!-- Database configuration, replaces db.ini. -->
	<database>
	    <host>localhost</host>
	    <port>3306</port>
	    <username>root</username>
	    <password>pwd</password>
	    <db>eq</db>
	</database>
</server>

Dont I need to change the

<!--<address>Serving Machines IP</address>-->
	    <!--<localaddress>127.0.0.1</localaddress>-->

section to include my localhost or something?

<!-- Loginserver information.  -->
	    <loginserver>
	        <host>eqemulator.net</host>
	        <port>5998</port>
	        <account></account>
	        <password></password>
	    </loginserver>

Why is my login server eqemulator? can't I play this with no internet and simply with an in-home network?

What else am I am missing??