EDIT: This is a glitch-discussion thread now!
The bugs currently labeled as glitch can now be found under the Game rules. These glitches are just allowed in Any% runs
Original post:
considered as a glitch:
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warehouse-destruction: The bug that allows you to upgrade an enemy warehouse to instantly destroy their island.
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warehouse-conquest: The bug that allows you to place a warehouse using enemy resources.
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save-load-enemy-control: The bug that allows you to use save-loads to take control of enemy players.
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goldsheep: The bug that allows you to turn brought materials into another one by replacing the building.
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crop-hold: The bug that allows you to plant and harvest any crop on any island.
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path-hold: The bug that allows you to infinitely harvest any crop for an indefinite amount of time.
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Battleship: The bug that allows you to build battleships in a small shipyard
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save-load disaster avoidance: The bug that allows you to remove fires and plague outbreaks by saving and loading.
not considered as a glitch:
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The trick that allows you to sink any ship by timing your white flag-/ and attack-pattern.
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The trick that allows you to hide your ships in bay-areas.
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The trick that allows you to sink a ship by continuously clicking on the target.
Source: