Stealable coins?

[michwill]

Just noticed this: 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?

[bitpop]

Its called merge mining

[Doggey]

Just noticed this: 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.

[bitpop]

When I mine BTC, I get free GPC, NMC, IXC, IOC and DVC.
http://mmpool.bitparking.com/pool

[Doggey]

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.

[bitpop]

No they are much easier, that is why when you find abtc block, you can prove you did enough work.

[qwertyGuy]

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