Here is a summary of whats going on with talkcoin for anyone joining. My name is K-meister and I run mtgoxprotest.com. I am an investor in talkcoin and I've been helping to defend it from a mortal attack for the past 2.5 weeks.
Two and a half weeks ago a group of miners, some of whom were originally paid helpers of the talkcoin dev, pretended to be the real talkcoin devs and tried to take over the coin. They are not actually devs so they paid an outsider (Bushstar) to build a fake wallet for them. This wallet diverted the dev funds into their own wallet, stole the coins being destroyed in the genesis block, and force-flooded the market with 2m new talkcoins per month for them to mine. They released it trying to convince both the talkcoin users and the exchanges/pools that it was the official wallet. They had control of the busiest talkcoin thread because their group was run by “TalkTeam” who had been paid by the dev to help run the thread, so “TalkTeam” owned the OP. As they had control of the OP they could advertise the fake wallet and make it look real.
They used the tactics of constant spam from multiple accounts to block up the thread to hide any posts explaining that these people were a hostile group trying to take over.
They told the exchanges they were the real talkcoin team and they had just replaced one member (the dev). But the exchanges weren't fooled and the attempt failed because they wouldn't accept their wallet.
Since then, this group of people have put every ounce of their energy into trying to destroy talkcoin. Why? Who knows. Either out of spite for losing, to buy cheap coins, or so they can try to release a clonecoin from the ashes of talkcoin.
So we are now in this situation, them and their many fake accounts have been spamming the talkcoin groups to death yelling simply that the dev is a scammer who stole 500k coins and that the coin needs to die. This is completely untrue, so I wrote a report to show this and to show who got what money – there's evidence for everything so I'm not asking anyone to take my word for it. As it turns out, the spammers received 30-40% of the fund they claimed was hidden and all stolen by the dev. Please read the report, its the second post on this thread.
So all the talkcoin threads are hopelessly clogged up with the spam yelling that talkcoin has to die and the dev made off with loads of coins. As I said, they have pretend legitimacy because they own the OP of the busiest talkcoin thread and they are still pretending to be the real talkcoin team.
And as a result there has been a big panic and the price of talkcoin has crashed. These guys are pure evil and they'll say absolutely any bullshit to reach their goal of destroying talkcoin. They will attack anyone who speaks out against them. That's why I opened this thread, so we can talk without them drowning us out. If there's anything I've mentioned that you want to see evidence for please ask.
Here is the bitcointalk accounts of those trying to spam talkcoin to death: TalkTeam, djm34, Ingition75, AizenSou, Litejavichu, dav1199, Hodor_keeper_of_the_light
They are a group of mining friends. They also have been building up a large number of newbie accounts to support them.
Here's a link to another post I wrote a couple of weeks ago during the takeover attempt, it explains where the bad guys came from and what they had been trying to do:
https://bitcointalk.org/index.php?topic=573998.msg8683579#msg8683579
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I personally believe due diligence and hard work tend to pay off. There are a lot of very bright and respectable people involved in this venture. I recommend deciding for yourself. 
or, you can also just go here 
