Your statement about merge mined coins being leech coins is flat out false.
You're an advocate therefore not objective. In an open market you can't dictate how people will
react to any given situation. You'd like it to go a certain way but that never happens. People
will always try to get an edge over everyone else, either by legitimate means or therwise.
The fact you don't like how people react doens't make you rigtht and them wrong. It's just
the way it is. You can try to lobby people to think your way but they will always look out for
number 1. Deal with it.
There's nothing wrong with being opinionated, life would be boring otherwise. But opinion
is not fact and don't make it personal when some don't agree with yours.
You should really be more polite, it helps your argument not to insult people in the process.
And, again you're misrepresenting what I said. I said merged mining wasn't worth it because
their value is such a small fraction of the host coin. So what if it's free it's a fraction of a %.
There's virtually nothing it in for the host coin or miners. Only the leech coin, and I stand
by that characterization, benefits from the merge. yet another point of mine you took out
of context.
Now get your head out of your ass.
That was sarcasm, it's time to lighten up.
MBL (mobile cash) is a Lyra2REv2 merge mined coin and can be mined on both Vertcoin and Mona. Doge can be merge mined on any scrypt coin. The coins aren't leeches, they just don't force miners to mine ONLY their blockchain, so in a way they are benefiting miners. The fact that the prices suck, well that doesn't make free merge mined coins bad or leeching off the "host" coin.
I also wish more people would mine promising coins when multipools are paying so low and then sell when the coin pumps. I held VTC until the recent pump and made a lot more than had I just been mining on Nice Hash or whatever multi algo multi pool. I used p2pool to mine VTC and also merge mined MBL for free and have a stack of MBL which most likely will end up another failed shitcoin but it cost me nothing.
Anyway I just think you misunderstand merge mined coins. They are mostly worthless but they cost nothing and leech nothing. Also these forums used to be about mining coins people believed in and it's depressing now that it's all gone to straight mining for BTC and then everyone complains coins are being dumped and prices are low. Guess I miss the old days.
If I came off harsh, well it's the bitcointalk and with so many trolls it's hard to know who you're replying to sometimes so I can get an attitude without knowing lol
Anyway cheers and happy mining to all
You raised a very interesting point about BTC vs altcoins. BTC is the only one that is used as currency to any significant
degree but is not mineable by normal people. On the other hand altcoins are still mienable but aren't accepted as currency
by anyone. It's only natural that in that environment autoexchange to BTC would be popular. I've looked for other coins
to collect but haven't found any that are both tradeable as currency and mineable. The only way to get both is auto exchange.
It's a dilema with a market engineered solution. Unfortunately that solution doesn't satisfy many people.
I repeat that I believe it's the problem of the coin devs theselves They engineered their coin a certain way that included
a predicted supply of new coins. I doubt any are even close to their desired supply increment. They could not have anticipated
profit switching and autoexchange would result in wild fluctuations in network hash rate and throw their supply algorithm
out of what. I would expect the new coins would have learned from this and be more resilient to large hash rate fluctuations
but it seems not.