Coinshield trade channels will use a highly advanced trade algorithm. The trade channel will check several factors prior to giving you an exchange rate. (value of both coins, the current buy orders of the shitcoin, as well as how many of the total supply we have already traded in and dumped, as well as a few other things). How much CSD you receive will depend on all these factors. Remember to get the best exchange rate possible you will want to be one of the first traders when the channel opens.

If a coin is deemed shit by the community we will open a trade channel for it. If the coin has no miners and no one can confirm transactions the trade channel will go dormant. It will only send you CSD after it receives your coins. If it receives your coins after a set expiration time, your coins are returned to you. If or when the chain becomes unstuck, you will not have any issues using the trade channel. This will ensure that shitcoins stay dead and valueless.

I personally have only used BTC-E, Cryptsy, and Mintpal - I never been on CryptoRush. After some google searches I verified you are correct. It looks like our designer slipped that in under our radar. We will get that changed ASAP. Thank you for letting us know.

The CPU miner will be released at launch. 

Videlicet will reply however there will be a slight delay. He has been coding and testing 15hrs+ everyday. I informed him about your posts, as soon as he takes a break he will jump on and reply.


That is not Coinshield. We have not launched. I'm sorry for the confusion the other coin dev. has caused. This is another example as to why the industry needs Coinshield.

Coinshield launch date has been pushed back a few days so Videlicet can finish testing. The new date is 7/11 at noon (UTC-08:00) Pacific Time. CLICK HERE for countdown. The following was added to the OP:

CSD- Unique Features

The following features are unique to Coinshield and were created by Videlicet.

Upgraded Hashing - 1024 Bit Block Headers/ 512 Bit Core
Coinshield was built to be secure. CSD is the first coin to upgrade from a 256 bit to a 512 bit core and a 1024 block hash.


CSD Unified Time Model - Synchronizes Clocks Worldwide
Miners can no longer try to gain an unfair advantage by manipulating their clocks. No more "your wallet is 2 hours behind" error. Wallets will always be on the correct time, regardless of your clocks settings. CSD Unified Time Model keeps your clock in sync to the second no matter if your clock is off by 5 minutes or 5 days.


CSD Fractional Rewarding - Prevents Inflation / Locks Distribution to Timed Release
No more instamine! Goodbye HUGE multi-pool profits! CSD Fractional Rewarding bases block reward off of the block time when the chain is producing too many blocks. This will keep the Coin Distribution Locked to a Specific Time, which means no matter how many blocks are made, coin supply will remain on target.


No More Block Reward Halving
Coinshield was designed to have longevity, and be a stable container for wealth for many years to come. This is why coinshield block reward will never half over night. CSD follows an exponential decay model, which follows a curve to ease shock to market. It will be mineable forever, with minimal inflation of 1% after 10 years.


The First Multi-Channel coin with POS
Coinshield has a CPU mining channel, a GPU mining channel, and POS at a 2% Annual Inflation (2 Week Age, 2 Year Limit).


SK-1024 (New GPU Mining Algorithm)
Skein-1024 hashed to Keccak-1024. Skein was the second runner up in the NIST SHA3 competition. Together these two algorithms are highly secure.


Prime Search (New CPU Mining Algorithm)
This channel looks for very large prime numbers from a 1024 bit hash. These numbers can be as large as 308 digits. It uses a fractional difficulty proportion to adjust the difficulty. This will help number theorist in proving/disproving conjectures concerning prime numbers.


Shield Target - Target Difficulty from Chain Time and Block Time Proportions
Coinshield has it's own difficulty targeting system called Shield Target. Shield Target will provide Coinshield with a smooth increase and sharp decrease in mining difficulty. For the GPU mining algorithm Shield Target uses two variables:
1. Giving Block Time
2. The Chain Time

The first variable will tell you how far off target that one block is, the next variable will tell you what block the block chain should be at. If the height of block being created is less than the target chain height, that block will be at a lower difficulty to stimulate more block production. This will bring chain back to its target. If chain is too far ahead of target, it will have larger difficulty increases to increase their block times and get the chain back on target (for specifics see code at launch).

For the CPU, Shield Target works by getting an average of N block times which will determine what the difficulty should be adjusted to. The prime numbers found will have to fulfill a proportion of Fermat Remainders of (2 (2n - 1) + 1) and ((n - 1) / 2) + 1) / 2 which makes larger proportions *rare* to find. The second factor taken into account is the size of the 1024 hash. This is done by taking the difference between largest 1024 bit number and prime number to account for larger primes requiring more computing to produce.

How exactly do you see this being exploited?

BTC gained from your shitcoins will be used to build buy walls for Coinshield. All transactions will be public. We will show a history of our buy walls on our main site (coinshield.io). You will be able to track your shitcoins from our system, to an exchange, to btc, and to the buy walls. If anyone dumps on our buy walls the CSD generated from that will go into our shitcoin trade channels as a secondary  funding source of CSD to ensure we can continue trading without interruptions (waiting for trade channels to replenish themselves).

I hope this makes the process a bit clearer.

~KryptoKash

There is no IPO and 0 premine.

Videlicet has created his own time-based distribution. This effectively makes coinshield multi-pool proof. Anyone jumping on with a big hash-rate will receive fractional block rewards (based on block time) until difficulty corrects itself. This will prevent multi-pools from profiting off mining CSD.

Thank you for taking the time to outline your observations. Most of them have been addressed throughout this thread. If you have any specific questions please ask and I will be happy to answer them.

~KryptoKash

All innovative coins can receive Coinshield Verification. Once verification is given the coin is immune from destruction, and through that it is protected against forgery; this will prevent Coinshield Verified coins from any risk of being blackmailed. By the way Coinshield will work, any future coins that clone a Coinshield Verified coin will have a trade channel opened upon verification of forgery. It will be difficult for anybody attempting that stragegy to have any sort of gains.

Quote from Videlicet about this very topic:

In our OP we state: Destroying a coin in the following context means to reduce the coins value to a minimum, and keep it there.

As for creating scarcity and increasing the value of that coin you are correct. If coins were remove from circulation that is exactly what would happen. This is why Coinshield does not do that. As mentioned a few posts above this is how the system works:

This process will prevent the shitcoin from ever gaining value.

As mentioned above:
Far from a copy and paste coin.

 
Edit: As for our shitcoin system, its purpose is to kill shitcoins. Mastiff's coin recycle system is an anonymous transaction mechanism, which allows you to convert any coin to MAST from your wallet or on the website. This has nothing to do with absorbing economies, or protecting certain (depending on how the community votes) coins source code (see Coinshield Verification in OP for more info).

Our exchange algorithm will prevent that. Coinshield trade channels will use a highly advanced trade algorithm. It will take into account several factors, including value of both coins and the current buy orders of the shitcoin, as well as how many of the total supply we have already traded in and dumped. As we dump more of the coin it will decrease in value and the BTC that is generated will be automatically used to build buy walls (increase CSD value) which in turn will cause future trade in offers/value to be lower then the ones prior. If someone bought all the coins on the market our trade algorithm would not accept so many coins in 1 transaction, allowing it to offer a new trade (lower) price for the next transaction. So while they make some profit they will lose overall, and the coinshield community will win via the buy walls that were created from someone attempting such a scheme. The community will win as well (one less shitcoin).

I'm not sure what Deletecoins full specs are as their site is down. Coinshield will have multiple mining algorithms (CPU+GPU). It will be POW+POS. It will have its own mining algorithms. It will have its own difficulty retargeting algorithm. Coinshield offers to protect the hard work of developers via it's Coinshield Verification process (see op for more info). These are just some of the new features that were created for this coin. All will be listed prior to launch.

Thank you for your input on the algorithm, I will pass it over to Videlicet. When the community chooses to use the kill feature of coinshield, it will work as follows:
1. Community passes a petition.
2. Coin is then added to voting.
3. The coin with the most votes gets a trade channel to open.
4. Via the trade channel, Coinshield is exchanged for that coin.
5. The coin is then automatically sold.
6. BTC generated from the sale is then used to build buy walls.

This will effectively keep the value of a coin to a minimal. Coinshield will not only kill its economy, it absorbs it.

As for the voting abuse we posted this earlier:
What do you feel X should be in the voting check above? Also, If we got rid of the petition process (as you suggested) who would decide what coins are added to the voting system?

I was using one of the suggestion that was given:
"1. A coin is an exact copy of another, besides name."
I will edit the above post to include both suggestions.

EDIT:
If anyone else wants to define what a shitcoin is please post.

We are creating Coinshield (just the coin itself) to have many features not found elsewhere. Our coin is not simply a copy and paste coin. In the next few days we list all the features in the OP. No one has to  lose for this coin to gain.

We included the option for the community to destroy coins using us as a platform(if they choose to). Coinshield could essentially never kill a coin (if no one petitions and votes). Also, we are protecting the hard work and communities of multiple coins via our Coinshield Verification program (see op for more on this). Most shitcoins are copy and paste coins, or the coin dev. changed only simple things such as block reward count and block time. In both cases no hard work was put into them. Now as for our system, it is set up in a way so no one person is the deciding factor. We require petitions to gain support, and even then the coin needs to win the majority of the community vote in order to begin the process.

The usage of this coin is outlined in the OP. A great deal of discussion about this coin and its functionality can be found within the first few pages of this thread. If you have any specific questions or suggestions please don't hesitate to let us know. 
Thank you

~KryptoKash