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Title: Stealable coins? Post by: michwill on December 20, 2013, 08:32:06 AM Just noticed this: https://bitcointalk.org/index.php?topic=353688.0 (https://bitcointalk.org/index.php?topic=353688.0).
While you mine, say, LTC, you simultaneously produce USC with exact same hashes (?). Does it mean, if you own USCs, you can steal LTCs with exact same hashes? Or do I understand the whole *coin protocol wrong? Title: Re: Stealable coins? Post by: bitpop on December 20, 2013, 08:55:05 AM Its called merge mining
Title: Re: Stealable coins? Post by: Doggey on December 20, 2013, 08:59:06 AM Just noticed this: https://bitcointalk.org/index.php?topic=353688.0 (https://bitcointalk.org/index.php?topic=353688.0). While you mine, say, LTC, you simultaneously produce USC with exact same hashes (?). Does it mean, if you own USCs, you can steal LTCs with exact same hashes? Or do I understand the whole *coin protocol wrong? I heard this is the same with Namecoin, if you mine a single Bitcoin, you also get a Namecoin for free. How does it work? I don't know. Someone please explain. Title: Re: Stealable coins? Post by: bitpop on December 20, 2013, 09:02:41 AM When I mine BTC, I get free GPC, NMC, IXC, IOC and DVC.
http://mmpool.bitparking.com/pool Title: Re: Stealable coins? Post by: Doggey on December 20, 2013, 09:12:55 AM Oh I see, so that's where those coins come from. Very interesting!
So those coins themselves are just as hard as Bitcoin to attain. Though you'd expect them to have a higher value than they do right now. Title: Re: Stealable coins? Post by: bitpop on December 20, 2013, 09:15:05 AM No they are much easier, that is why when you find abtc block, you can prove you did enough work.
Title: Re: Stealable coins? Post by: qwertyGuy on December 20, 2013, 09:30:14 AM So those coins themselves are just as hard as Bitcoin to attain. Though you'd expect them to have a higher value than they do right now. Minning difficulty does not give coin value. Usefulness does help giving coin value so the coin is more in demand |