While having to be careful you can still meet some nice people there. Although I prefer AFFlirt.com for romantic meetings because people there are more sensible and genuine (they ban scammers, criminals, perverts and other dregs of society). IMHO Mocospace must be used with caution. You have to keep your wits about you all the time, especially if you are going to meet someone from Mocospace for real.
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MocoSpace is a mobile game community specifically focused on HTML5 for mobile, also known as a mobile social network.