I always understood this, and it is true... but it only matters to the wide world atm. Crypto people are at the cutting edge of technology, and work on many other arcane ideas.
I am surprised that you said that. Maybe I'm not understanding what you are agreeing with, but if you are agreeing that multipools paying out in ECC would destroy another coin, how could you think that? Even if you thought Hostmaster's logic was somehow valid, haven't you noticed how unprofitable it would be to mine most dying coins? A coin goes through a long drawn-out sick phase before it completely dies. Any pool mining a coin like that would loose a ton of money before it would be gone. Do you really think that's Hostmaster's plan?
What Hashcow's admin said earlier:
Hashcows admin;
We are one of the few multipools around who have the following benefits;
* we allow payout of mined coins for any alt we mine (ie: if we mine DGC for 30 min, you can take the DGC or have it auto-traded, this decision can be made coin-by-coin)
* we hop on new coin launches at the start. This has led to massive profit leads by getting in early on coins like; BC, EFL, NLG, ISR, WC, AC (combined with the above feature of you being able to keep the coin if you so choose, big profits all around).
[remainder of list deleted]
The point is that young, healthy coins are often the most profitable to mine. The old, dying coins are the worst. So even if Hostmaster was somehow right about everything else (he's not), there isn't any way a multipool would mine a coin to death without sacrificing a lot of profit. I think anyone with much experience with altcoins would already know this and immediately see
that flaw in what Hostmaster said, even if they didn't bother analyzing his logic and missed the others.
It would be really nice if you could make a profit and automatically do good at the same time, but sometimes you can't. People might want to believe that it would work in the case of mining in multipools that paid in ECC, but it just won't work that way. Since it won't actually work, it would be best to not say that it would work.
