Bitcoin Forum

Hello, I spend quite a lot of time on bitcointalk forum, alt-coins subforum. Watching all the scams, thievery, people loosing money, new-revolutionary coins that are exact copies and have absolutely nothing new to offer, I have decided to make a thread with a weekly summary of all the suspicious coins. It will be updated each monday (GMT+1 time). I do hope some of you will find it useful and perhaps you will think twice before investing in IPO or premined coin.

Just before the start, I would like to say, that last week abounded with more then 50 SCAM COINS.

Here we go:

1. Metalcoin - https://bitcointalk.org/index.php?topic=651653.0;topicseen | 30% premine, no innovation, nothing new to offer

2. XDDCoin - https://bitcointalk.org/index.php?topic=652912.msg7322730#msg7322730 | instamine, unannounced premine, ninja start, nothing new to offer

3. Fiatcoin - https://bitcointalk.org/index.php?topic=653166.0;topicseen | 100% premine, IPO, nothing new to offer

4. Removed.

5. StartCoin - https://bitcointalk.org/index.php?topic=651307.0;topicseen | Ninja start, premine, nothing new to offer

6. FIMK - https://bitcointalk.org/index.php?topic=651138.0;topicseen | Premine, IPO, 66% of coins generated in genesis block, then offering people to buy them. Software ripped from NXT

7. XAPCoin - https://bitcointalk.org/index.php?topic=650221.0;topicseen | No information, except one: you can buy coins from the developer. No mining, POS, nothing.

8. Orioncoin - https://bitcointalk.org/index.php?topic=653578.0;topicseen | No windows wallet, ninja start and premine

9. Wavecoin - https://bitcointalk.org/index.php?topic=653969.new#new | Nothing new, absolutely nothing new with 1% premine. Probably pump n' dump mechanism.

10. Sevencoin - https://bitcointalk.org/index.php?topic=652329.0 | 1% premine, SHA256 algo, nothing new to offer

11. NeWOcoin - https://bitcointalk.org/index.php?topic=650295.0;topicseen | Ninja start, premine (no info about it), ripp off from another coin

12. SpaceBucks - https://bitcointalk.org/index.php?topic=650146.0;topicseen | 20.000 premine without letting anyone know

13. 1337Coin - https://bitcointalk.org/index.php?topic=652578.0;topicseen | Great IPO idea, 0,1 BTC minimal investition, 10% of coins premined for "tests"

14. WRLCoin - https://bitcointalk.org/index.php?topic=651369.0;topicseen | IPO, new account, low activity

15. Crypti - https://bitcointalk.org/index.php?topic=654463.0;topicseen | No source code on launch, 100% premine with the only option to buy coins with Bitcoins, self moderated topic

16. Tornadocoin - https://bitcointalk.org/index.php?topic=654432.msg7344021#msg7344021 | 10% premine, IPO

17. SwarmCoin https://bitcointalk.org/index.php?topic=653568.0 | Just a joke, IPO and a target to raise 500BTC, then 4000btc, 17000btc, new account with no activity, no coins details, lack of information

18. 11coin https://bitcointalk.org/index.php?topic=655091.0;topicseen | IPO, another worldcup coin, nothing new to offer, developer accused of being a scammer already

19. QTM https://bitcointalk.org/index.php?topic=655106.0;topicseen | IPO and the idea to cure cancer with the coin

20. TCChttps://bitcointalk.org/index.php?topic=655585.0;topicseen | Topic author -4 rep, IPO 1 TCC for 0,1 BTC, lack of information

21. 38Coin https://bitcointalk.org/index.php?topic=655760.0;topicseen | massive premine 50%, author with no account activity whatsoever, offering a chance to win 100.000.000 USD (it's not my mistake)

22. Eirecoin https://bitcointalk.org/index.php?topic=656051.0;topicseen | 1% announced premine plus around 1000 blocks premined without letting community know

23. Bacoin https://bitcointalk.org/index.php?topic=656143.0;topicseen | Premine, idea of having a coin backed by bacon

24. Bountycoin https://bitcointalk.org/index.php?topic=656663.0;topicseen | 1,5% premine, nothing new to offer for the community, new account with no activity as well

25. XRL https://bitcointalk.org/index.php?topic=656718.0;topicseen | 100% premine, selling coins in packs for 0.03btc = 10000 XRL, account with no activity, self moderated topic

26. BRC https://bitcointalk.org/index.php?topic=656824.0;topicseen | 2% premine, new account with no activity, nothing new for the community

27. DKC https://bitcointalk.org/index.php?topic=657035.0;topicseen | 1,2% premine with 840 million coins total, account with 1 activity

28. DKC https://bitcointalk.org/index.php?topic=658988.msg7412675#msg7412675 | low account activity, premine, nothing new

29. Lotuscoin https://bitcointalk.org/index.php?topic=658104.0;topicseen | IPO, 5% Premine, no escrow, nothing new from the project, low activity

30. V8 https://bitcointalk.org/index.php?topic=658116.0;topicseen | IPO, premine, low account activity

31. SurvivorCoin https://bitcointalk.org/index.php?topic=658562.0;topicseen | IPO, Premine, nothing new that the coin offers, self moderated topic

32. SURETY https://bitcointalk.org/index.php?topic=658577.0;topicseen | one of the best, genesis block 1 billion coins, 100% premine, IPO distribution, nothing new to offer, account with low activity

33. Tomatocoin https://bitcointalk.org/index.php?topic=659080.0;topicseen | 3% premine, low account activity, 26 million coins premined

34. Sportcoin https://bitcointalk.org/index.php?topic=659470.0;topicseen | Account activity 3, only 20% premine

35. WACCOIN https://bitcointalk.org/index.php?topic=659758.0;topicseen | 600 million premine, nothing new to offer, low account activity

36. PowerBTC https://bitcointalk.org/index.php?topic=660365.0;topicseen | Selling shitcoins for Bitcoins, offering around 40% weekly interests, PONZI scheme!

37. Removed.

38. Titcoin https://bitcointalk.org/index.php?topic=660482.0;topicseen | around 13500 blocks premined without letting anyone know

39. Empirecoin https://bitcointalk.org/index.php?topic=660843.0;topicseen | Client infected with four trojans

40. Tardiscoin https://bitcointalk.org/index.php?topic=659829.0;topicseen |
Low account activity, negative trust, IPO, premine, nothing new to offer

41. Aerocoin https://bitcointalk.org/index.php?topic=660938.0;topicseen | No account activity, nothing new to offer by the project, telling people that 2% premine is actually very needed

42. FirstAfricanCoin https://bitcointalk.org/index.php?topic=660769.0;topicseen | No account activity, 0,5% premine, of course IPO, they actually have PLANS and made RESEARCH to gain full support and acceptance as a currency in Africa

43. n00bcoin https://bitcointalk.org/index.php?topic=661028.0;topicseen | low account activity, nothing new to offer, 0,1% premine, unprofessional name

44. Hodorcoin https://bitcointalk.org/index.php?topic=659760.0;topicseen | No account activity, 1% premine, nothing new to offer

45. Bitlion https://bitcointalk.org/index.php?topic=660737.0;topicseen | Premine 0,2% (mainly bounty) - "mainly" and 3066 blocks premined without letting anyone know

46. VeilCall https://bitcointalk.org/index.php?topic=660863.0;topicseen | Low account activity, self moderated topic, 1% premine, nothing new to offer

47. SSVCoin https://bitcointalk.org/index.php?topic=661043.0;topicseen | instamine, IPO, hidden blocks

48. Nebulacoin https://bitcointalk.org/index.php?topic=660833.0;topicseen | instamine without letting anyone know

49. Bulbacoin https://bitcointalk.org/index.php?topic=661649.0;topicseen | 1% premine, another joke, nothing new to offer

50. Finercoin https://bitcointalk.org/index.php?topic=661788.0;topicseen | 1% premine, low account activity, nothing new to offer for the community

51. Wall-Street-Coin https://bitcointalk.org/index.php?topic=662111.0;topicseen | Another great idea, starts with 2,5% IPO info (around 6,7 million coin)s. Minimal investment 0,025BTC. Nothing new to offer as a project, low account activity

More next week. Remember, stay away from all the SCAMS!

And don't hesitate to contact me in case any from the listed coins has been mistakenly put there. This is just a summery. I do my best reading coins descriptions, investigating and deciding which one of those have obvious scam signs and which do not. The list will be updated weekly, and the changes are always welcome. Fewer the scams, the better for us and cryptoworld.

NEM????

You are ridiclous.

NEM and scam ?? Better investigate before calling someone a scammer

Oh shame, you also got PM'd by one of there PR people to buy into the coin and become a voice for it on BTCtalk. :)

NEM is a well put together scam but still a scam.

Yes I expect 100 sheeple that are supporting it to come and say how amazing its going to be like discovering life on another planet.

Explain me how you calling NEM a scam? 1 stake from the start was worth 35USD and now its worth more than 1600USD. You missed the IPO  ;D ? ahh bad for you.

So show me the volume for these stakes at 1600 USD?

Also price has nothing to do with it being a scam or not , like I said it's a well put together scam.

so you dont know about NXT Asset Exchange  :o , wait 2 Days and you will see the Alpha too  ;D

1 Stake = 26000 NXT  1NXT=0.065USD Current Price 26000x0.65=1690  ;D

http://www.mynxt.info/blockexplorer/assets.php?asset=12465186738101000735

http://www.nxtreporting.com/?a=nemstake&c=USD

I do :)

Volumes are terribly poor and as such extreme price fluctuations can take place.

Good job, i'm supporting that kind of action.


You missed one: https://bitcointalk.org/index.php?topic=658036.0


There should be effort made with bitcointalk moderators, to check IP's, delete newcoinscams immediately from forum, You can't ANN new coin if you don't have enough post, get approval from moderator, all premine address must be public....etc..
Together with exchanges, it can slow down those scams.

Volume is about 1 million nxt/ 1 week so around 60.000$/ 1 week. NXT AE is not the best choice for an exchange. Buyers have to move money around.

NEM has the Highest Volume on NXT Asset Exchange  ;)

How can you call something a scam based on the trading volume of a certain exchange.. My god people are really trying everything to drag a coin down these days. The fact is the closed alpha is out atm. and quite a few people are testing it and it's working like a charm. the developers are working on it full-time and are already busy implenting our other suggestions.

I'd say you should wait untill the 25th/26th and test the alpha yourself untill you call it a scam.

No envy movement yet OP is envious because he missed an call for participation which included 2800 people.   :D

This is a scam?  NEM video https://www.youtube.com/watch?v=ZYE3hOnsNv8

Everyone thank you for correcting me. There have been many complains considering one of the coins listed above. I have updated the thread (blue parahraph) and removed mentioned coin from the list. Changes are always welcome, and if you feel like correcting me, don't hesitate to do that.

All best, and cya next monday!

Props to you for realising and fixing a mistake! Anyway, aside from the fact that some coins might not be intended as scams I think it's great to raise some awareness about all the shit coins which are being launched.

As much as Bitcoin is a scam in the eyes of many. We are here to stay.

Thanks for bringing this to our attention OP.
I can confirm that these guys (no. 42) do not have a clue. They probably just copied most of their info from a wiki somewhere and I'll be keeping a close eye on them.

Nice post.

All these things came out in the last week or so? No wonder I've lost my will to keep track of what's going on.

Nice post，tons of shit coins

necessary work, read all newbie.
need to to fix this topic

Silkcoin is in the process of collapsing as the developer takes an indefinite sabbatical haha.

Get it on the list!

FlyMeCoin - scam of the week  ;D

51% premine - 50% IPO  ;D

https://bitcointalk.org/index.php?topic=663221.0 (https://bitcointalk.org/index.php?topic=663221.0)

Yeah. I had a nice laugh reading their description. Added to the next list. Thx!

Libertycoin：https://bitcointalk.org/index.php?topic=600322.0

New intense SCAM Warning **** New Egalitarian 'NEE' ****

https://bitcointalk.org/index.php?topic=664202.0
https://bitcointalk.org/index.php?topic=664165.0

should be added a.s.a.p.

~CfA~

Fantastic idea for a thread, it is sorely needed on this forum.

This thread should be a sticky and required reading for anyone joining this forum.

i have better and more radical proposal:  should close altcoin part of this forums altogether

~CfA~

fyi, titcoin ann was emailed to all who signed up to their mailing list back in february and wallet links were given 3 hours prior to public launch.

 What worried me was the fact there were actual people who threw money at a coin called "Slothcoin'.

lol awesome thread, keep it updated, hate to see people lose btc and stuck holding a bag of worthless shit coins  8)

There it goes.

1. MorCoin - https://bitcointalk.org/index.php?topic=663513.0;topicseen

probably a scam, pure POS coin, 1 free share for everyone, however you can buy 10 or 20 shares with your bitcoin. E-mail address required, low account activity, thread closed and and info the the bottom of the page: "all purchases are non refundable and provide no guarantee of payment in the event of a failure to launch".

2. FlyMyCoin - https://bitcointalk.org/index.php?topic=663463.0;topicseen

Claiming they spoke with most of the airlines on the earth. No proves whatsoever for such activity. 50% premine, 2,5 million coins and blocks from 1 to 100 offer only 0,1 FMC in order to avoid instamine. Had enough? Hear this, they have an IPO with 25.000 FLM for 1 BTC. Sounds good?

3. AmazoniaCoin - https://bitcointalk.org/index.php?topic=663285.0;topicseen

1% premine, trying to save the most precious places on our planet by creating a cryptocoin and selling white t-shirts for 0,05 BTC. Moreover, the claim the coin is going to be pure POS?

4. VeniVifiVici Coin - https://bitcointalk.org/index.php?topic=662680.0;topicseen

1% premine for big bounties, lack of many information, low account activity, the project has no innovations and nothing new to offer

5. Techcoin - https://bitcointalk.org/index.php?topic=663990.0;topicseen

1% premine, no pool at launch, probably a ninja launch as well, low account activity6. Altex Industries? https://bitcointalk.org/index.php?topic=664198.0;topicseen100% premine, IPO as an only option to acquire their coins, self moderated topic and an account with low activity

7. CSCoin https://bitcointalk.org/index.php?topic=664262.0;topicseen

No premine, they say, but 15% IPO. Dunno where the coins for that are comming from. Moreover, low account activity and they try to use CS trademark and name to promote their "coin".

8. New Egalitarian Economy - https://bitcointalk.org/index.php?topic=664165.0

Except for nice name, another scam with IPO. On the dev's website, it clearly says he can grab all the money and leave with them if the minimal requirment is not met. Also self moderated topic, low account activity, lots of people complaining and advising to stay away.

9. DebtCoin - https://bitcointalk.org/index.php?topic=664737.0;topicseen

Low account activity, no information whatsoever, asking for donations by puting BTC address in a main thread. Also, they "believe" their coin could repay all world debt.

10. Nanbu Wealth Lock Coin - https://bitcointalk.org/index.php?topic=665736.0;topicseen

No information at all, low account activity, no solid reasons to trust this project

11. M.Jcoin https://bitcointalk.org/index.php?topic=665964.0;topicseen

low account activity, 1,75% premine, people complaining about developer abandoning the project and lack of contact

12. Hodorcoin - https://bitcointalk.org/index.php?topic=665818.0;topicseen

Another attempt of thread promotion. Coin described a week ago.

13. SpectrumCoin - https://bitcointalk.org/index.php?topic=666410.0;topicseen

Totally new account with 1 activity, 1% premine, 5% IPO, the idea of success? "prices only grow with time".

14. GCoin - https://bitcointalk.org/index.php?topic=665858.0;topicseen

200 billion total cap, 40 billion premine.

15. PrometheusCoin - https://bitcointalk.org/index.php?topic=665600.0;topicseen

New account, 1% premine, probably 1000 blocks instamined with ninja

16. XXX coin - https://bitcointalk.org/index.php?topic=665809.0;topicseen

4,95% premine, new account

17. Survivor Coin - https://bitcointalk.org/index.php?topic=666573.0;topicseen

50% premine with IPO for game development, price 0,001 btc for 1 SVC

18. Debtcoin - https://bitcointalk.org/index.php?topic=668563.0;topicseen

Low account activity, 10% premine

19. BAC Currency - https://bitcointalk.org/index.php?topic=667420.0;topicseen

50% premine announced and 11717 blocks mined already

20. Bitclap - https://bitcointalk.org/index.php?topic=667313.0;topicseen

Someone counted there were 250.000 coins premined (out of 21 million cap). Low account activity.

21. G8Coin https://bitcointalk.org/index.php?topic=667329.0;topicseen

I do not know whether did I get it right, or not. But, they the developer (low account activity, self moderated topic) says the coin will be backed by gold, and out of 101 million coins he did premine 100 million. Those will be sold. Make your own opinion on this.

22. MMX MitchellMintCoin - https://bitcointalk.org/index.php?topic=666801.0;topicseen

100 coins and 100% premined. I believe this is kind of a joke.

23. CCB - https://bitcointalk.org/index.php?topic=667866.0;topicseen

Another one with 100% premine and low account activity. Offering a swap of dead coins into their CCB.

24.  Firecoin - https://bitcointalk.org/index.php?topic=668702.0;topicseen

1% premine, low account activity, no plan for the future and really nothing new to offer, the day after the original thread, a new one with self-moderated option was created and my posts were deleted

25. OiCoin - https://bitcointalk.org/index.php?topic=668848.0;topicseen

New user (low account activity), 3% premine, nothing new to offer.

26. GEC - https://bitcointalk.org/index.php?topic=666570.0;topicseen

12,5% premine for bounties, IPO, nothing new, interesting to offer to the community

27. X15Coin - https://bitcointalk.org/index.php?topic=668928.0;topicseen

Another X15 coin (quite popular these days), 1% premine, nothing new to offer

28. A15 - https://bitcointalk.org/index.php?topic=669182.0

1% premine, 2% IPO - whatever it means. Newly created account, no activity, nothing new to offer to the community.

29. Slothcoin - https://bitcointalk.org/index.php?topic=669261.0

17 viruses included to your slothcoin client, stay away!

30. BCS - BTC PULS - https://bitcointalk.org/index.php?topic=670353.0;topicseen

100% premine, 21 million coins, 90% on plan to ditribute among community, 10% would probably go to developers.

31. RC RepublicCoin - https://bitcointalk.org/index.php?topic=670788.0;topicseen

New account, 1 million premine, SHA256 algo,

32. X14Coin - https://bitcointalk.org/index.php?topic=670119.0

Premine, new account with 3 activity, actually nothing new to offer

33. DBT - DebtCoin - https://bitcointalk.org/index.php?topic=671209.0;topicseen

10% premine, new account with 14 activity, nothing new to offer

34. CC - CoreCoin - https://bitcointalk.org/index.php?topic=671450.0;topicseen

New account, 1% premine, nothing new to offer

35. WoodChuckHardCider - https://bitcointalk.org/index.php?topic=670746.0;topicseen

0,8% premine, nothing new to offer, low account activity, another POW + POS coin

36. TDY - Teddycoin - https://bitcointalk.org/index.php?topic=671413.0;topicseen

New account, 100% premine, 75% will be distributed by IPO (ending after 7 days, target 30 btc). Nothing new to offer. One of the biggest shit of the current week.

37. EDM-COIN - https://bitcointalk.org/index.php?topic=669890.0;topicseen

New account, PREMINE & IPO

38. Square - https://bitcointalk.org/index.php?topic=670537.0;topicseen

3,5 million premine, IPO distribution

39. Sheepcoin - https://bitcointalk.org/index.php?topic=671188.0;topicseen

IPO, Premine, new account, nothing new to offer

40. Wickedcoin - https://bitcointalk.org/index.php?topic=670678.0;topicseen

New account, premine, nothing new to offer

41. Singularity - https://bitcointalk.org/index.php?topic=670533.0;topicseen

0,7% premine to pay "full time developers".

42. ADV - AdvancedCoin - https://bitcointalk.org/index.php?topic=669891.0;topicseen

New account, negative trust, premine, IPO, nothing new to offer, just another scam.

I like your post and it`s helpful as a basis for own research.
Though for example I can`t confirm this virus info.
I`m in no way involved in this coin but this just as an advice not to
adopt unreflected any information - might be hype or fud.
In some cases premine makes sense - I see two coins in your list
which are going probably be overtaken by its community (so far no longer scam).
Be careful not to be the master of some kind of a self-fulfilling prophecy.
Anyway, good job...

flood concept.. they add so many that complaining is pointless.
the intention is to overwhelm..

edit:
add NXT & NEM too

We had NEM last week, but many people were complaining, that this is actually not a scam. I removed it from the list, and will watch closer.

I never think someone will do this
thanks for your good effort and hard work
we must see update here, so we won't be scammed by shitcoin
too many shitcoin & scamcoin release everyday :(

why did you say NEM is scam coin too?

check soopy coins all scam.he premine it and say swap,but he keeping billions of it and sell himself never trust his coins.sum2 pretend anon come but just up price so he sell premine better prices.nobody can investigate or help us.soopy always people scared to ask him because he get angry and says hate messages.please investigation on soopy sum2 bee2 sherlock many coins.

How about axiscoin.Premine and dev not fixing bugs

Be aware of those coins that @thisweekscoin promote.They are paid to promote no matter what the shit is.

This is true, a lot of the devs pay people to promote their coins on different social medias etc. Even on this forum obviously.

i can't recall why i don't like them both but i have a combo of reason why i think a coin is scammy'ish
one of them is IPO = scam period.
It's a premine or ipo of sorts i think so screw that crap.. it was simply not released fairly then.
NEM topic = https://bitcointalk.org/index.php?topic=650274.0
same with NXT.. sorry but i don't care if they are popular if they are unfair by design then screw em.
And i should add that i have always been anti-premine but sometimes i have tolerated it and given guys a chance *IF they are small.
anything more than 1 or 2% ? screw that crap !
JPC for example had a small one and i could tell the guy was trying hard to give the premine away and
he DID use it to pay for a lot of services that would have otherwise taken longer or not materialized at all.
Although the guy may have dumped it on an exchange long ago i have no idea.. there was no Public ledger of any kind.

Anyway what ever lol
If people have a coin that they suspect is infected and it has a public link to the wallet or miner
you guys can PM me the link and i will try and check it out.. i have a lot of experience detecting malware.
I am a cracker and coder and i ran a PC repair business i started self employed for a decade.
and i have found first and had removed malware across the web including here and i don't think anyone can get a file past me.
Been almost 10 years since i get into the rootkit scene doing my homework and i have followed the malware trends too
most these days are coded in .net (stupid noobs that can't code)
My toolkit is monolithic.. IDA, Olly, Sandboxs etc etc.. been collecting my tools for eternity.

AND YES there has been infected wallets posted in here a many times ! From new wallet updates to the ANN launch binaries infected on day 1.. it happens !
And yes most are false positives.. because malware kits use legit code bundled with bad code so you really do need a guy who knows the difference.

So i don't pay any attention to the New ANN topics but if there is a public link people want me to check out just PM me the link please and the ANN topic link too.
I would never brand a file bad if i can't tel 100% either.. if i can't tell i will say so (this is laziness / if you dig enough you can tell lol)

The finercoin has 3.5%premine not 1%.He said no premine and laterhid the3.%% during launch. The dev has abondoned the thread and the coin. He had dumped the entire premine and had made fun of the community

How about isiscoin?Seems like it's the dev of veilcoin.

Don't forget russiacoin, 0.99% premine of 144 M total coin with a pow phase of 7 M coins. Premine dumped and coin is already dead!

How long ago was it released? I'm only adding the new coins. Old ones, especially dead, should not be our concern.

My bad, end of May so no point posting about it.

You have 2 debtcoins in this weeks scam post. Same dev he got his account banned for giving away free coins.

True, he must have opened two different threads.

FTFY...blue bits are mine.

@OP: +1, mate, I can't believe the horrors I'm seeing in this list...good work keeping up with this lot !

Don't forget to add bitblock BBL.

2 million coins instamined the first day because code was darkcoin copy and difficulty didn't adjust resulting in 500 coin blocks being mined at a rapid rate.  ANN stated 2.5 minute block times but blocks were being found seconds apart for hours.  Block reward was reduced to 25 coins per block after dev and buddies instamined as much as they could.  They also let the exchanges mine before anyone else as payment to getting listed immediately after launch.  Exchanges were ready to go when the coin was launched and had a head start with mining.

Dev later forks coin changing block reward once again changing initial reward from 500 to 800.  People complain and call out this scammer so he closes the original ANN and starts a new self moderated thread.


Original ANN thread:
https://bitcointalk.org/index.php?topic=665159.0

New self moderated thread:
https://bitcointalk.org/index.php?topic=678436.0

Actually no, This is not the reason, The reason was to get your lame ass off our thread and stop posting nonsense, get a life dude, you seriously need one, we have been here through thick and thin for everyone and trying to get the current problems resolved. There is no scam involved you idiot. Seriously dude, go get laid or something and stop hijacking my thread and posting ever chance you get to post.

Nothing more than a rant from an angry scammer.

Here is what's actually going on with this shitcoin:

https://bitcointalk.org/index.php?topic=678436.msg7691038#msg7691038 (https://bitcointalk.org/index.php?topic=678436.msg7691038#msg7691038)
Quote from: dboylc on Today at 05:25:38 PM
Quote from: djm34 on Today at 05:20:55 PM
I have transfered some "new coin" to poloniex, they didn't arrived. So how many fork and what is the current block number ?
(mine around 5000 something)
Hard fork is a dangerous thing, but...DEV seems...
without any notification and now...
samething happened on VTC long long ago...
Quote from: bathrobehero on Today at 05:24:39 PM
Quote from: djm34 on Today at 05:20:55 PM
I have transfered some "new coin" to poloniex, they didn't arrived. So how many fork and what is the current block number ?
(mine around 5000 something)

I'm in the same shoe, but seeing that some pools are on block #8045 I think we're on the wrong fork.
which pool is this, I will try to add them as node... (however I don't think there is any point mining it... this update is totally screwed...)

Thanks for the info, sold muy bbl's

Great thread, but wouldn't it be better for the community if the list was updated as soon as sufficient proof against any coin(s) arised, not just once a week?

^

You would have to write down exactly what you meant by “proof”, showing positive and negative examples, otherwise you're setting up a condition that's impossible to verify.

After you finished, you'd have to do it all over again, this time for “sufficient”.

The list is the OP's purely personal take on altcoins; the criteria are subjective and inconsistently applied. In the absence of a more rigorous attempt to provide definitions, it can only ever be a personal list of dislikes, posted to stimulate some discussion. To attempt to subject it to more exacting requirements would be a mistake, the list is simply not up to the job.

Please don’t mistake my intention: it's a nice list and I’m sure many people also find it instructive but the content is the result of purely personal opinion and cannot be taken to be “proof” of anything.

Starter for 10: produce a definition of "scamcoin" to a standard such that we would both produce the same list if we made our choices independently but strictly according to the definition.

It is an impossible task, so I could've made it “starter for 10 thou” and I'd still be safe. But the take-home message is the old, old saw: “One man’s meat is another’s poison” --- the best working (and, yes, personal) definition of scamcoin that I've managed to come up with so far is: “appeals to those interested in a high risk/reward ratio”. At least it acts to point me to the potentially fruitful area of applying risk assessment techniques to illuminate the playing field better.

Cheers,

Graham


 

In my opinion a scam coin is any coin with no new features or ideas (basic clone) that has a premine over 0.5% (for personal purposes) and IPO.
These coins serve no purpose other than bringing an unstable alternate currency.

New Features include:

- TOTALLY NEW Algorithm (Don't just add layers on top of x11)
- New way of earning coins e.g. Proof of Transaction
- New Design (At least the developers put some effort in)
- Additional addons to the Qt Wallet e.g. Block Explorer, Exchange, Games
- A coin built from scratch
- A coin with a powerful but possible idea. No examples for this one  :P

I'll think about it. It's easier for me to collect all data during the week and post them once every seven days. Daily update would be much better, but I honestly have no idea whether I can make it due to limited time.

Do you call it a scam even if there is nothing new to offer? Is that really a scam?

No. Once it has no premine, no IPO, no suspicious activity of any kind, then not. But, to be honest, a copy code with no idea behind it, usually ends up like scam coins.

Alright......so I've recently been throwing my thoughts into a blog.  Ironically, I just finished a long post about this same topic so I'll just paste it down here.....as it'll get more exposure here.  You're welcome to read anything else.  shutzcoin.blogspot.com/ (http://shutzcoin.blogspot.com/)

Tasking myself with learning the current state of the crypto-currency world might be the single biggest undertaking of my life to date.  I can honestly say, I grossly underestimated how much catching up would be needed from the 1 coin crypto world I had known years before. There hasn't been a day go by since, I haven't learned something new.  And for every new thing I learn, I am reminded of really how little I actually do know. 

I like to think I know a thing or two about quite a few coins out there today.  I have my opinions about certain design characteristics, market outlooks, etc.....but not even the first clue as to how the development of these coins actually takes place.  I'll be the first to admit, I haven't mourned the loss of any failed coin.  To the contrary, I've probably been one of the first on the scene to hypothetically kick sand in the face of the fallen.  Yeah, I know.....not nice.  So why do it?  Well, to put it simply....I think the current path the coin world has taken, tailors itself to this mentality. 

Going out on a limb here, but I'm guessing that you'd be hard pressed to find anyone who knew exactly how many different crypto-currencies there are, at any given time.  Recent additions to the world of crypto may not see the elephant standing in the room.....but from a 1 coin world into a 300+ coin world.....that elephant looks pretty damn big from my seat.  It's no secret that since the coming of the behemoth known as Bitcoin.....similar digital currencies started popping up like zits on a teenager. 

New coins are being developed daily and it doesn't appear to be slowing down anytime soon.  Are there this many people who truly believe the coin they're "developing" has what it takes to even hold a candle to our fat-bellied friend the Bitcoin?  Doubtful.  The vast majority of coins out there weren't really even "developed" by their "developer".  It shouldn't come across as much of a shocker that a lot of coins have some pretty distinct similarities.  This isn't just a coincidence, it's due in part to the fact that all these different coins were at one time....the same coin.  No, this isn't some reference to the Matrix.....there is no red or green pill.  I'm basically saying coin source code is getting ripped off, slapped with some pretty pictures and a new name, then the so-called "developers" change something and WHAM......new coin. 

Now, I'm only a graduate with a Bachelor's degree.....so I know I can be wrong from time to time....but I'm pretty sure if I went through school trying to pass off someone else's work as my own, under the premise that I changed the title and a few minor other things.....I probably don't deserve the same status people who actually did the work, receive.  That's pretty much your textbook definition of cheating.  What part of changing a block time or reward payout should entitle a group or individual the self-satisfaction of watching their coin gain any following, much less share of the digital currency pie that really only exists because Bitcoin, the true innovator, brought it?

AKA, scam-coins, pump & dumps, pre-mines.....the only real development going on here is how to develop a developer's bank account.  It would give me great satisfaction to know that I'm wrong here. That the vast majority of coins on the market truly believe they've innovated their product so well, that it could not only hold a candle to Bitcoin.....but might one day be standing on the pedestal next to it. Yeah, 300+ coins out there......not even I believe there are that many delusional developers launching coins.  I think I speak for a lot of people when I say:

 "Just because you know how to launch a coin, does not necessarily mean you should."   

And for the "developers" of multiple such crap-coins.....it's this kind of shit that is train-wrecking the entire digital currency world.  We weren't exactly welcomed in with open arms to begin with and now we're expecting to attract the masses with our multi-page lists, full of clever names and catchy slogans?  I'm not even going to answer that.  It is embarrassing to think society has come to the point where they feel ripping off someone else's work, making a few changes, and relaunching as a new or better product is somehow desirable to anyone.  I'm sure if you gave me a Magic Marker and a Picasso......I could certainly alter the painting.  This however, does not make me a world-class artist nor an innovator, in any sense of the word.  Even if I think my alterations are a spot-on perfect (which they likely would be)......I'm not doing a whole lot, aside from ruining something that previously had deserved value.

If I get worked up over all this, I can only imagine how developers of the few "real" innovative ideas must feel.  It's their work getting hijacked, pissed on, and repackaged......over and over again.  Bravo to coins like my gem Darkcoin....for being the first coin to focus on anonymity through an innovation known as the "masternode."  Now, how many other coins have come along and said, we too are champions of anonymity.....but we do it a different way.  Although not all lack innovation, the vast majority do......and zero points awarded for originality.  Come up with something different.  There is certainly no current shortage of source code to steal.....but we do seem to be really scraping the bottom of the barrel when it comes to new ideas. 

There was indeed a time when a coin (Litecoin) could do virtually everything Bitcoin was already doing.....and still somehow make it.  We should be approaching if not already past the point where exact copies of coins using a different hashing algorithm, no longer fool anyone.  I was never really around through the early days of Litecoin but for some reason, it makes me think of a particular Seinfeld episode where George and Jerry are pitching their idea for a sitcom.  After explaining the show is about nothing.....a confused TV executive sensibly questions why anyone would be watching the show, if nothing ever happens.  The answer given: Because it's on TV.  I figure this is about how Litecoin got the "Silver to Bitcoin's Gold" title. 

Because I wasn't around at the time, I don't know for sure.....although I can speculate there weren't any other coins available at the time.  If there were, why would people invest in something that did exactly what the only other crypto in the world was already doing nicely by itself?  Ok, I'll even buy the line, "The new Scrypt algorithm had me mesmerized."  When you're given a choice between Bitcoin and anything else......there will always be those who choose anything else.  When you're given a choice between two.....veteran and rookie.....it's pretty obvious that both sides would develop their own following for whatever reasons.  Although now with some competition....I still like to think of this time as "happy."  Bitcoin got a new little friend to play with for a while. 

This is around the time I can't figure out how things spiraled away so quick.  At what point did every neighborhood coin on the block decide the happy Bitcoin and happy Litecoin wanted any of them crashing the party?  Again, another guess......but it probably started somewhat slow, much the way Litecoin evolved.  First there was one.....then another.......then another.  Now having proof with rise of the Litecoin, nearly identical replicas somehow qualify as a valid reason to invest.  Again, we're still at a low number of total crypto's available.....so I can see how people might have been prone to switching from their once beloved Bitcoin or twin sister Litecoin.  I'm sure Bitcoin payouts, to it's once loyal army of GPU shibes, were dwindling.  Maybe this is where ASICs started squashing the little guy out of Bitcoin......like roaches with the lights on, shibes started running for cover to any coin that would have them. 

While this makes for a good story and the perfect opportunity to incorporate ridiculous analogies into my blog.......it couldn't have been a good sign for what lied ahead.  Truth told, maybe Bitcoin needed to see a few other coins lurking in the shadows.  You can't much blame these first-edition scam-coins for displaying what I'd now refer to as "bad behavior."  We were practically begging anyone with enough sense to launch a coin, to do so immediately.  We showed that it definitely does pay to be unoriginal, unimaginative, and average (at best) when it comes to mass producing cheap replicas of a very good idea.

It still amazes me how quickly the catalog of coins we display now, must have appeared.  Like I said earlier, gross underestimate of how much I had to catch up on.  If you think I'm going to painstakingly research each and every coin considered digital currency by the loose standard encompassing these 300+ coins.....you are dead wrong.  It's a shame these markets are taking away from the true pioneers.  For every crap-coin out there.....there are droves of people willing to buy into whatever bullshit they're fed.  Investment money that would arguably be much better off helping secure some sort of original idea-bearing coin. 

Any newcomer to this mess of a market, surely wouldn't know where to start.  The newcomer has a few options.  He can be the brightest and most determined person I've ever met, researching the hundreds of coins available before selecting a portfolio lineup......a stretch, even for this fairy-tale blogger.  He can get some advice from someone he hopes isn't a member of the scam-coin troll rebellion......a devilish creature that runs from forum to forum......raining down lies and deceit, aimed solely at convincing normal investors to liquidate everything for said scam-coin.  Or the newcomer can take one look at this disaster.....turn around.....and never come back.  I know which I'd go with if I was entering now, knowing very little and still a bit on the fence about crypto-currency in general.

Call me old fashioned, but I remember a time when this entire community was rallying behind one coin.  Things were easier then.....yes, we only had one coin......but everyone seemed to be on the same page.  From the shibe that awakens in the middle of the night to the sound of a mining rig that needs restarted......to the die-hard, crypto-currency enthusiast, dead set on one day being able to buy his groceries with BTC's.......we were all on the same team.  Now, increasing the selection available, expanding the markets, and promoting innovation, were all very good upsides to new coin development. Apparently we just didn't know when to quit.  Launching a new coin suddenly became about how fast you could launch em', what nonsense might make your coin seem unique, and how effectively you could incite fear sell-off's in all other markets.  I think it's even progressed to the point we no longer look at ourselves as a crypto-currency family. 

There's no doubt this new world has become a cut-throat business indeed.  A climate so unimaginable, it's hard to believe this is in any way affiliated with the Bitcoin of yesteryear.  The constant jockeying for position and marketcap make clear the high level of competitiveness now present within the system.  While competition can be a plus, going around hamstringing opponents is a pretty lame way to bring new investors in.  The ability to launch a coin with virtually no actual work being required by these self-proclaimed "developer's" has become commonplace.....it's even rewarded.  This over-saturation has created an enormous, confusing mess.....which looks to be causing the problem to get worse.  And the icing on the cake.....we did this.  The decentralized nature of crypto-currency has come back to bite us in a most ironic manner.  We don't have some government or central authority figure to pin our problems on. 

Let's give thanks now to all the future enterpriser's out there who wanted another bullet on their resume, a shortcut to quick profits, or would stop at nothing in an apparent quest to leave their dirty skid-marks on every inch of hard fought ground the early Bitcoin community so nicely paved.  There is no doubt in my mind what really caused this situation.....GREED.  I'm sure you could probably add PRIDE to the list, as well as SLOTH and ENVY.  Any way you want to look at it, a select few felt the world owed them more.  Emergence into the mainstream and long term prosperity, cornerstones in the community, were asked to take a back seat for greed and personal financial gain.  It's almost sickening how fast we let it happen. 

Obviously, some type of action should be taken, and quickly.  While I agree that finding, singling out, and punishing each responsible party, individually, would be the most fair (and fun) method.....it doesn't do much for our problem.  I guess a #1 on the list would probably include increasing the awareness within the community.  Basically what I'm doing right here.  Acknowledge how bloated the world of crypto has become.  Explain exactly how greedy, "pseudo-developer's" and fly-by-night scam-coins degrade the entire system while simultaneously bilking unsuspecting investors out of every dime.  With help from "old-school" coiners in the community, we can convince those who weren't around back in the day, that this family/team mentality not only existed, but is alive and well.  This is a group of people that can move mountains....I know because I've seen them do it.  Defying impossible odds and overcoming every obstacle thrown at us, the core community never wavered as we continued to push our coin along.  At times neck deep in skepticism, I like to think our community was exactly what Satoshi Yakamoto envisioned. 

Hopefully that was enough to motivate you to do something.  If not, try to remember that at this very moment, someone is dumping a sizable percentage of the entire available supply of any given scam-coin.....making themselves a lot of money and leaving behind investors like you, to deal with the wake.  If you find yourself in this situation, don't panic.  You should be able make some money back betting on these, all too commonalities.  If you own any of the sold-off coins, you can guarantee they're now selling at the lowest price point you've ever seen.  You can pretty much bank on your delicate genius developer not returning......ever.  This should ensure if your coin wasn't already up in flames....it won't be much longer.  Lastly, don't hold your breath waiting for your worthless coins to bounce back.  They typically have a hard time staying afloat without anyone behind the wheel.  Bite your lip and sell for what you can.....it's better than the nothing you'll get when it's pulled from every exchange.  I'm afraid you just got owned.  It wasn't the first time and doesn't look to be the last....at least not until we find a way to stop or discourage these practices. 

I probably wouldn't be much of a blogger if I sat here, whining about the current state of the market, and provided no suggestions for a solution.  I honestly haven't really given it too much thought, but right off the top of my head.....how about some type of council?  I guess it could be considered similar to the United Nations.....except more like a United Crypto-Currency Advancement League.  Basically start with the firsts.  Obviously Bitcoin would be extended a seat, being the first coin ever.  From there, you've got Litecoin......and so on, down the marketcap list.  Of course, I must make clear that not all scam-coins will be so transparent.  There will surely be genuinely deserving coins that are neither the first, nor highest marketcapped.  This is where the council kicks in.  Once an initial list of coins can be created......the council can, through some type of predetermined majority vote, extend a seat to any coin deemed worthy.  We'll also assume the council has the power to remove seats if they see fit.....also through a similar majority vote. 

I'm not entirely sure whether 1 seat should be the standard or multiple seats offered according to some factor such as % of entire crypto marketshare, or something more arbitrary like how well a particular coin embodies the Advancement League's vision of a reputable coin of the future.  I don't think there is any quick way to shutting a coin down.....but I would be careful even suggesting it in regards to this or any other proposal.  We don't want a witch hunt on our hands.....even if the council does not see a coin as "worthy" of a seat at it's initial launch....that doesn't mean the coin can't get back on track, maybe even petition a re-vote at a later date.  The idea of the council is not to exclude any coin from being bought or sold, it would be more like a rating system.  While the system wouldn't guarantee the price of coins occupying council seats by any means, it would reassure investors they're not likely buying into a scam-coin.  I really think something like this could do wonders for good, honest coins, reduce seemingly endless and senseless coin launches, while providing a less-risky environment for newcomers to the crypto-currency world.

This is far from the only solution available.....although I think it's an OK start.  Who knows?  Maybe I'm alone on this whole issue.  It's possible I'm the only person who sees a problem.  It does bother me that there are probably good, innovative, new coins being launched or already on the market that go largely unnoticed.  It is rational to assume that good coins have potentially gone belly up before life breathing investors could properly locate, research, and purchase a single coin.  On the other hand, I wonder how many investors have been methodically swindled using similar strategies outlined above?  If we're not doing anything to stop or deter known vulnerabilities, we are encouraging them. I gladly await hearing your take on any of this.

Whew...that was some serious reading. Worth it, though. +1 to the good DrG

I've recently been helping a few complete and utter noobs invest in BTC and alts, and this scene, to an outsider, is like the 4th circle of Hell, only less comprehensible.
I'm all in favour of a spot of anarchy, but if we ever want mainstream adoption of crypto.....we need to clean up our act a bit.

I kind of like the idea of the UCCAL, but the age-old problem crops up: Quis custodiet ipsos custodes?   (look it up.....)

agree with you, so many Chinese people like to buy scam coins and shit coins with nothing new features although i have warned them many times.

Another update:

1. TorCoin - https://bitcointalk.org/index.php?topic=677434.0;topicseen

Client does not work, another tor coin idea, nothing new to offer, new account activity, waste of time

2. Isiscoin - https://bitcointalk.org/index.php?topic=675509.0;topicseen

Huge, unannounced premine, new account, low activity, nothing new to offer, many people saying dev is the same person from veilcoin scam, self moderated topic

3. DinosaurCoin - https://bitcointalk.org/index.php?topic=678073.0;topicseen

1% premine, new account with low activity, nothing new to offer here

4. RedWire - https://bitcointalk.org/index.php?topic=675416.0;topicseen

Another tor coin with IPO!!! New account, low activity, premine. Do not fall for that!

5. NOAHcoin - https://bitcointalk.org/index.php?topic=676280.0;topicseen

1% premine and 3% IPO? Interesting. New account, nothing to offer. Stay away! Dev claims he got 1,15BTC after first IPO day.

6. PhoenixCoin - https://bitcointalk.org/index.php?topic=675210.0;topicseen

Dev Claims they have no premine, but they do. Moreover, they started an IPO with 10k PNX for 0,05 BTC. Nothing new to offer and a new account with low activity.

7. Icebergcoin - https://bitcointalk.org/index.php?topic=673524.0;topicseen

Okay, free initial giveaway, but not exacly. 19,2% premine, selling this coins with Bitcoins as an ICO. This is just another premine and IPO coin. Be cautious and do not invest any money in it!

8. Plankton - https://bitcointalk.org/index.php?topic=673734.0;topicseen

75% premine for IPO disitribution

9. CHARONscoin - https://bitcointalk.org/index.php?topic=677258.0;topicseen

Announced after 2464 blocks have been mined. IPO testing purpose?

10. PseudoCoin - https://bitcointalk.org/index.php?topic=676343.0;topicseen

I don't know whether this is a joke or not, but still 2% premine, new account, self moderated topic, nothing new to offer,

11. Sinuscoin - https://bitcointalk.org/index.php?topic=676677.0;topicseen

0,8% premine, pointless, copied solutions, new account with low activity, nothing new to offer

12. Black Dogecoin - https://bitcointalk.org/index.php?topic=677671.0;topicseen

Jesus, Christ! 1 billion total cap with 1,5% premine. Dev wrote it is only 1,5 million, but it's 10th times that. So, 1 billion total cap with 1,5% gives the developer 15 million premined coins. Not bad for POS coin. Moreover, new account, nothing new to offer, rip off from original dogecoin

13. Soundbit (actually a nice name) - https://bitcointalk.org/index.php?topic=673487.0;topicseen

"We have premined 200k coins for IPO and network testing" - thank you. Next. Och, I almost forgot, new account, self moderated topic, IPO with hot, brand new mined Bitcoins

14. HamRadioCoin - https://bitcointalk.org/index.php?topic=675564.0;topicseen

Okay, 10% premine, new account, algo SHA256

15. ERGO - https://bitcointalk.org/index.php?topic=676100.0;topicseen

Premine, coin entirely focused on IPO, new account

16. Teddycoin - https://bitcointalk.org/index.php?topic=678229.0;topicseen

Already listed before. Dev tries to make another attempt to scam people by creating new thread. Coin stats? 98% IPO for BTC, 2% stays in dev's hands.

17. WASPCOIN - https://bitcointalk.org/index.php?topic=678939.0;topicseen

Super secure X13 algorith? Really? And 1,4% premine. New account. Nothing new, nothing interesting, except a possiblity to get scammed. Stay away!

18. WhirlCoin - https://bitcointalk.org/index.php?topic=679134.0;topicseen

Premine, nothing new to offer. Just a copied coin as many others. New account, low activity.

19. BuyGameCoin - https://bitcointalk.org/index.php?topic=679131.0;topicseen

2% premine and IPO. Nothing new to offer, except for the new account with low activity. No facebook, twitter, nothing. People leave comments saying this is a chinese scam. I'd stay away.

20. Minerscoin - https://bitcointalk.org/index.php?topic=678170.0;topicseen

The dev actually has an account with 266 activity, but he also have a premine, IPO (no escrow), no plans stated for the future (except a digital marketplace with forum), nothing new that his/her coin actually offers.

can u redo syscoin. before u looked at scammer posing as syscoin, not real syscoin

https://bitcointalk.org/index.php?topic=587080.0

this time it will pas with flying color

Understood. Already changed. Thx for pointing this out!

Excellent thread platorin!

I have, mostly, quit trading because of the deluge of crap/scam/copy coins in recent weeks. The part that really hurts is; the good coins suffer for it. Look at prices. I've never saw so much red ink.
Investors and traders must be jumping ship by the dozens after losing their shirts on most everything. Could this be altcoin armmagedon?

“WhirlCoin uses the Whirlpool algorithm, and is the first to do so.”

Categorising this as “nothing new to offer” seems a bit misleading, even arguably wrong by objective standards.

Cheers

Graham

you can find Whirlpool in X15 algo

Ah so. Good point.

I'll credit them with at least having a unique combination: one round of Whirlpool and one of SHA-256.

Cheers

Graham

Great thread!  Good to have some analysis. Some things I agree with, some I disagree with but it is good to have a basis for discussion.

too bad Bitcointalk does not like this idea.. or they would post info to help us all out.
would be pretty easy for them to cross reference their forum database for info helping us to identify these guys.
but they don't..
on the contrary they have done nothing but make it easier for them to hide and post more crap coins.
such as removing the nooby jail.. or inconsistent topic deletions or bannings.

and hey if managing the scammers is too work maybe get some more guys to help moderate ?
there is 330,000 accounts and you see a mod how often ?
make me a mod i will clean this shit up 8)

in reality these guys like SaltySpitoon watch and wait and usually just look for an opportunity to ban people they don't like (such as me)
he was kind of snarky when i seen him on Cryptsy chat way back getting buddy buddy with BitJohn..
I'd say it's pretty much guaranteed mods here are making coins.. so why would they wanna moderate their own scam coins ? lol

This is a den of thieves.. BY DESIGN

edit:
Maybe i am wrong with my speculation about the mods making coins too but why else would they seem to not care ?
Anyway i am serious make me a mod and i will give my word to try and do the most fair job i can.
I think i have proven i am a fair guy in Crypto and i have often even heavily criticized coins i hold.. truth is truth, nothing else really matters.
especially not who likes who..

Why don't you start a website with all this info. It would be easier to organize and view and I would expect popular

15. Crypti - https://bitcointalk.org/index.php?topic=654463.0;topicseen | No source code on launch, 100% premine with the only option to buy coins with Bitcoins, self moderated topic

Crypti has a SourceCode just Google it or go directly to GitHub (there you can find it)
There is a 100% premine because it's a Coin with Forging (NXT like)
There are more ways to buy not only BTC.

Could you please remove it, it is a so beautiful Coin with a so great idea.

I like it the way it is, but this is actually an idea worth thinking throught.

 Minerscoin - https://bitcointalk.org/
index.php?topic=678170.0;topicseen
The dev actually has an account with 266
activity, but he also have a premine, IPO
(no escrow), no plans stated for the
future (except a digital marketplace with
forum), nothing new that his/her coin
actually offers.

IPO was not conducted for this Coin it was cancelled to avoid scam accusations, premined coins is being used for marketing, giveaways, and for upcoming projects

Basically NEM then as you just described it. 

There is currently a scam accusation against BitcoinAffiliateNetwork (BAN) mining pool where they ran a crooked S3 givaway to fake user accounts but got caught, as well as lies, fake pictures & other stuff. Unfortunately, the thread is being bombarded by BAN shills trying to cover the whole mess up while the pool owner (s0br) is refusing to answer any questions, has deleted posts from his pool thread and locked it!
You'll see the shills instantly: instahater, fire000, ThePhwner (who was also pool admin, apparently):

It's highly likely to be regularly read by plenty of people here. Often a website or new forum never gets a big user base and any information on there is largely ignored.

I guess you know nothing about NEM.
NEM is such a great movement and you are just referring to a "coin".  :P

THERE CURRENTLY A SCAM THREAD OUT FOR THE BTC P2 pool that the mods themsleves moved to the scam section and the way they have been bullying other pools on baseless fud more here

https://bitcointalk.org/index.php?topic=786309.0

and how these p2 users also attacked a legit company here

https://bitcointalk.org/index.php?topic=456463.0

So beware of the P2 pool users that basically are a law to themselves   and OH to the post above by the user deleterase by a quick bit of research
can not believe the thread owner has not deleted the post of ya yet :)

This post here should show what the account is to most normally people  ]https://bitcointalk.org/index.php?topic=782765.msg8870089#msg88700890] (https://bitcointalk.org/index.php?topic=782765.msg8870089#msg88700890)


AND ALSO THE .....REALLY ACCOUNT THAT HE QUOTED SAME PATTERN made a month ago all post have been basically TROLLING ANOTHER POOL a quick profile search would also show this quite well that the only post be the user have been trolling posts :)

THIS GUY IS A COMPLETE IDIOT LIVING IN A FANTASY WORLD - TALKS COMPLETE GIBBERISH & LIES. PURE IDIOT  :D :D :D

THIS GUY IS A COMPLETE IDIOT LIVING IN A FANTASY WORLD - TALKS COMPLETE GIBBERISH & LIES.  :D :D :D

SAID HE THAT JUST come begging for us to remove our posts after we spotted his in this thread and responded  the begging from this user can be found in this thread and a bit of history on this users account  https://bitcointalk.org/index.php?topic=782765.msg8870089#msg8870089 (https://bitcointalk.org/index.php?topic=782765.msg8870089#msg8870089)   ALSO you will notice a few lies out of this accounts owner mouth in that other thread re a few of his posts and said in the posts  ;)  JUST AN EXAMPLE OF THIS CLOWNS HANDY WORK "I will mine with BTCGuild, that guy there is very helpful."    From the thread above yet his account he posting on and trolling ban shows otherwise as to this point of time all his posts have been BAN related trolling  

Also if the MOD of this thread does a bit of research re this user and the above matter they will see this for what it is a baseless attack on a legit pool it owner and members by a group of troll accounts as the members are NOT the one questioning the comp etc as they all have received their prizes etc NOT one CURRENT BAN member has post anywhere to back the claim of these trolls etc

Have a nice DAY and hopefully the mod of this thread deletes to down right BASELESS claim by a clear troll after doing a little research into the matter and can even come to the pool IRC channel where there most of the time is about 50 odd members and can see for themselves by watching or asking a few question on how legit this pool is and it owner and what these trolls are out to do in this forum :)   And the comp was as there normally a number of the winners floating around in there...    the BAN irc channel is #bitaffnet

GIBBERISH GIBBERISH GIBBERISH GIBBERISH GIBBERISH GIBBERISH GIBBERISH GIBBERISH GIBBERISH GIBBERISH GIBBERISH GIBBERISH..... :D :D :D

This one's launch made me laugh

There is more of those ;)

Is this list, still being updated? I don't see CraigCoin.

How is CraigCoin a scam ?

Because reason...duh  ;D

There are enough idiots who scream scam almost immediately if they read IPO. Not even one second spend researching and prooving their claim. If the guy behind Craigcoin is a scammer, he is an idiot because he revealed his real name and face.

*cough* as of June 10th 2015

#RussiaCoin RC has seven active nodes



Three of which were crowd funded, and is listed on the Cryptopia Exchange. https://www.cryptopia.co.nz/Register?referrer=Stalin_RC

More Info http://www.RussiaCoin.Info/