So simply by not using such scam-exchanges people can avoid most of the scams.

If a coin doesn't show up on a reputable exchange there is probably a good reason.

If an exchange lists every scam that comes along it is blatantly obvious it is a scam-exchange and should be avoided.

Pretty simple for the most part.

Except that sometimes some pretty crappy coins do somehow get onto a reputable exchange, maybe such exchanges should be more aggressive about dropping coins that have insanely low hash rates for example since such coins are just 51+% attacks waiting to happen.

(For example all scrypt coins other than maybe - just maybe - either Litecoin or DOGE. Though realistically it is probably best to assume both of them are too insecure also.)

-MarkM-

Since they aren't going to be able to secure the blockchain they would be stupid NOT to cash the heck out as soon as possible.

-MarkM-

Isn't this kind of thing what spreadsheets are for?

-MarkM-

How about DeVCoin? It is still being distributed, anyone can still get DeVCoins simply by writing for Devtome, hard to get fairer than that...

-MarkM-

Sounds like you are talking about Faircoin. Wait for it to get on an exchange and maybe you will find you can buy them for a lower price than that.

No one can sell any right now, until they get sent out, so you'd only be buying futyres in effect if you bought some right now.

-MarkM-

This is all aimed at miners though.

Who gives a damn about miners?

The only thing that makes miners important is securing the blockchain.

So ask whether people will prefer to use an insecure currency, one whose blockchain cannot be secured because any stupid meme can pop up overnight with more hashing power than it has, or a secure blockchain, one that is not vulnerable to a bunch of idiot kids armed with CPUs and GPUs ?

Years ago it was realised that blockchains are almost impossible to secure; even with merged mining they were not certain they could get enough hashing power to be secure; so they moved to Open Transactions for now until they have enough transaction fee volume to feel confident they could obtain enough miners if they moved back to a blockchain format. Since now new things other than blackchains are being tested maybe they will not ever need to use blockchains.

Look how well they have done in the years since: http://galaxies.mygamesonline.org/digitalisassets.html

-MarkM-

In the Galactic Milieu people are rewarded with various kinds of currencies.

Mostly it depends upon your clan or guild or fellowship or whatever type of group you choose to operate as or to join.

For example the Ixians like to use IXCoins, the Brits of course use United Kingdom Britcoins, the Canucks prefer to use Canadian Digital Notes and so on.

If your favourite currency is not yet represented in the game all you need do is get in there and start representing it...

-MarkM-

It is a merged mined coin, surely it is stupid to waste your hash power directly on this coin instead of simply adding the coin to your merge?

Though that reminds me: what is the chain ID of this chain?

-MarkM-

It is probably not going over their heads, more likely they are profiting from the scam, either by being in on it or by mining it or by pump-and-dumping it or by trading it (aka by profiting from the pump and dump of it) or some combination thereof.

-MarkM-

There is nothing about Craftcoin that makes it any more or less usable in games than, for example, bitcoin.

No innovations whatsoever in fact.

It is not even the first actually used in-game.

Bitcoin was in fact already for use in games as well as for many many other uses.

There is nothing innovative about using bitcoin in a game or using litecoin a game or whatever, regardless of whether you scratch out the word "bitcoin" or "litecoin" and write "someothername" in in crayon.

Otherwise you might as well also say it would be innovative for me to scratch out the name "Craftcoin" and put the name "Arsefuckcoin" in its place and call it a coin created for fucking you in the arse.

-MarkM-

Losses thru such crap in the fiat world are even larger.

Of course larger fortunes lead to larger losses.

Steal billions of grains of sand and how big a loss to anyone is that?

Steal billions of barrels of oil though and gee the losses hurt more.

Larger hoards / larger markets lead to larger targets which lead to larger losses.

If altcoins suddently were each and all worth billions of dollars per coin while bitcoin remaiend at less than $1000 per coin the losses in altcoins would exceed the losses in bitcoins.

The percentage though of individials or of individual transactions or of individual online services might be more revealing.

Overall though the mere fact that only idiots throw away good wealth on garbage altcoins probably tends to mean garbage altcoins lose more people money - thankfully though probably less money per loss though.

-MarkM-

Probably whichever one has a most hashing power.

The non-mined coins unfortinately lack even hashing power to secure them, so securing them probably is mostly a matter of politics as in which other nodes do you choose to consider valid and which do you decide for whatever reason to reject... Certainly that seems to be how Ripple works, so that pretty much any node you choose to run won't mean a damn thing if the company decides to ignore your node's opinions.

Hash power is a little harder to ignore...

-MarkM-

Whether they go up or down relative to USD is irrelevant, ups and downs relative to bitcoin are more useful since as long as your trading results in increasing numbers of bitcoins you are getting ahead and will be way ahead the next time USD crashes abysmally relative to bitcoin, which is quite a common occurrence. For example late last year USD crashed to something like 1/10th of its value or worse compared to bitcoin, and in the few years before that it crashed to what, 1/1000th of its relative value or worse?

Comparing to something like USD which is always in general tending downward and might even be in its death-throes seems silly compared to checking against something like bitcoin that keeps on tending upward despite the best efforts of various parties and opponents and such to drive it down.

-MarkM-

GeistGeld is even faster than 30 seconds, and since it is merged mined right alongside bitcoin miners need not even divert mining power to mine it, they can simply add it to their merge.

Since most merged mined coins seem to get pretty high hashing rates very fast once major merged mining pools add them to their merge GeistGeld can also maybe be reasonably expected to be able to secure its blockchain, unlike for example coins that use scrypt and are not merged mined.

-MarkM-

By the way, do all you Sci Fi coin advocates know about the SciFi Hits traffic-exchange?

Put together a team of surfers surfing there for points and you might be able to get a lot of new people into the various Sci Fi coins...

-MarkM-

The auroracoin website does not seem to even provide the most basic important information such as how the blockchain is secured or is to be secured.

That information can tell you right away in some cases of a scam because for example if they use scrypt it is for sure a scam, scrypt being the least secure of all hashing methods, even litecoin didn't manage to secure their chain with enough hashing power, as DOGE demonstrated by conjuring up enough hashing power almost overight that it could have blown litecoin away. Litecoin was lucky that particular stupid meme was only conjuring up hashing power for yet another "me too" coin rather than conjuring it up for the purpose of attacking litecoin. DOGE showed how much hashing power just a stupid meme can conjure up, thus setting a bar for how much hashing power it would take for an scrypt coin to even defend against an attack by means of stupid meme let alone a serious attack. So basically anyone who throws together a coin using scrypt is ab initio a scammer since they are ab initio trying to scam people into investing into a coin that cannot be secured. Oh unless, that is, they first build enough hashing farms to exceed the hashing power of litecoin/DOGE so they can actually have some indication they might afterall be able to secure their blockchain...

-MarkM-

Maybe people are cashing out of Cryptsy to move to some exchange that takes more care in selecting which coins are worth offering?

Being on an exchange that carries every pile of shit without seeming to even care whether the coin has enough hashing-power to secure its chain doesn't speak well for a coin, it just piles it in among all the scams thus making it seem likely by association that it too is just another scam.

Consider scrypt coins for example. Even litecoin's hashing power was so pathetic that a stupid meme was able to conjure up enough hashing power almost overnight that it could have blown litecoin away, it was just lucky that the meme happened to choose to use that hashing power to mine yet another "me too" coin instead of attacking litecoin. The next meme might not be so gentle. So even litecoin and DOGE have such pathetically low hashing-power their blockchains cannot be considered secure, and any with even less hashing power than them are total jokes, it is irresponsible to suggest people put money into such insecure garbage, it is simply acting as a honeypot to attract money for attackers to steal.

-MarkM-

It looks pretty but so far the only coin it carries that I have any of is QBT, which is at grossly low prices there right now (cheaper than DeVCoins fergoshsakes!) so I have not yet bothered to send any coins there to try it out.

I am running into horrible delays trying to get electrical hookup at my country-house so have not been able to explore any of the other Sci-Fi coins yet due to having long ago run out of electrical fuse capacity here in town.

Once I get my new electric hookup I can start turning on GPU-equipped machines again which will help a lot as I see quite a few of the coins are not ASIC-mined.

Long term I am quite interested since Science Fiction is a genre that should fit quite well with the Galactic Milieu.

Thus possibly some of the coins there might well be suitable for adding to the collection of galactic currencies found at http://galaxies.mygamesonline.org/digitalisassets.html

-MarkM-

The block number at which they come into effect would be many months into the furure though wouldn't it?

I do agreee though that it is crazy to muddy up the merged mining test with such extraneous stuff.

We need merged mining. BIPs are way the heck less important, not worth aborting the moving to new codebase for.

Basically we should port what IXCoin already was to the new codebase first and make sure that works, before adding new BIPs or coloured coins or anything else that IXCoin doesn't already have/do. Well the memory fix stuff from I0Coin of course, since if it wasn't for the need of all merged mined coins to get that fix we wouldn't be in any hurry to update to new code at all. We don't want to break stuff we just want to fix the RAM problem the merged mined coins all had in common.

-MarkM-

I didn't even know there was a hard fork planned.

-MarkM-