Newbies: 40 Scamcoins for you to avoid

[extortion]

Criterium
A coin on this list may have one, a few, or all of the following qualities. A coin makes this list based on my personal knowledge and general intuition in regards to cryptocurrency.
--
Trait
-Launched on obscure website(Altcointalk, Cryptocointalk)
-Premine > 1% of total coins.
-Unfair Frontloaded Mining Rewards(> 20% in year 1, mec being the sole exclusion, for now. it should be here, but the creator put enough time into it and made a small innovation that it escapes for now.)
-Sole Purpose is to make the Dev Rich(Frankos should be here, but with a lack of unfair advantage and generally squeaky clean reputation of the dev, it escapes for now)
-No Innovation(majority of coins on this list)
-Propped up by bots and thread bumped often by low activity posters, indicating bot activity in the thread)
-Frequently Pumped
-Generally shows no purpose or promise
-Has no services(5 minute bootstrap/Ecommerce sites don't count as a service)
-Lacks 51% protection(Majority of PoW coins, Scrypt algorithm being especially vulnerable)
-Cloned from Foocoin, Fehcoin, Blehcoin etc.
-Non Organic Growth, charachterized by unusually high promotion compared to activity surrounding the coin.
-Lack of a plan for the future/Lack of dev support/vacant dev's.
-Stagnant Market
-Hastily Planned Development/No preannouncement

1a. Quarkcoin

1b. New!! Auroracoin -- the biggest scam ever. Rumored to be promoted by BCX.

2. New!! Doge-- "hey lets make a coin based on a meme. Derp, this was a bad idea,  sell sell sell!" lets have a moment of silence for the bagholders, those poor poor souls.

3. Orbitcoin -- Probably the bravest scamcoin of all time. I think this was meant as a joke initially. Developer premined so many coins it will take 20 years worth of mining to even equal the total coins mined.

4. New!!Mazacoin -- Just another notch on the bedpost of scams. Mazacoin plays on hype that an "indian nation" is backing it, when in reality the only thing backing it is a 5 dollar copy and paste job.


5. New!! 42 - perhaps not a scam, but again bagholders. Dev is all around good guy though, and has never had so much as a rumor of scam surrounding his reputation, however you can ignore the rareness factor and the greed created there in.  Currently crashing and dying while investors panick to not be left holding the bag.

6. Bitbar -- The mother of all scamcoins, when you consider the price per coin. born a scam but somehow prevailed. only idiots buy this coin, falling for the lofty price on exchanges.

7. Alphacoin -- Premined scamcoin, never caught on because of obvious scam tactics of developers.

8. Stablecoin --premined 1 million coins, dumped heavily on the exchange, then pumped repeatedly until it crashed and dwelled amongst the bottom for a few months. Has seen a recent ressurection by the developer. Might turn out to be a decent coin. either that or dev has just been collecting tons of them at low difficulty and is ready for scam pump round two.

9. Elacoin--This coin was developed by tradefortress, and litterally is to slow to be useful. Started out as a good coin but was abandoned after problems with the difficulty retarget arose.

10. Cosmocoin --This clone of Fehcoin would go on to launch 80% of all Proof Of Stake clone coins, such as Galaxycoin which still said Cosmocoin in the toolbar and gui. actually a decent coin, but again, it was born as a pump and dump

11. Asiccoin--A classic case of false advertising and poorly chosen difficulty parameters, asiccoin lives on as a warning to those who think they can make a sha 256 coin instamine proof with starting difficulty of 0.

12. Casinocoin--total joke, flamed out and died immediately upon launch. early investors on cryptsy lost alot of money.

13. Emeralds--clone of bitgem, in an attempt to create a simarly priced asset the developer could mine en masse.

14. Diamonds--clone of emeralds. not much known, seems popular

15. Grandcoin--chinese scamcoin, no real purpose. instamined.

16. Globalcoin--started out strong, but reputation of developer preceded it and lead to its demise. At one point in time there were several services for the coin, which seem to be mysteriously missing all of a sudden.

17. Galaxycoin--Such a terrible coin, not even worth discussing. The first developers to introduce the tactic of multiple sockpuppet accounts bumping the thread to make it appear extremely popular.

18. Krugercoin--Premined, released on Altcoin talk. Developer likely sockpuppet of muddafudda

19 New!!Astrocoin-- Backdoored and Premined, developers rarely supported it once dumping the premine. now they've re emerged after a 5 minute copy paste of the kimoto gravity well, ready to find a couple more suckers to buy in and eat their bags,as they've been actively mining it while it was considered dead by the community.

20. Spots--Had a fair start, was a decent coin with good developer support. Dev got greedy, dumped all his coins and moved on to new coins Copperbars and Lottery Tickets, his latest abomination.

21. Tagcoin--A scam, gullible chinese traders who have difficulty understanding english buy this coin up in anticipation of commercial success/acceptance. Anyone with a brain see's its 13 year old Indian/Philipino dev team is a scam waiting to happen.

22. New!!Unobtanium--greedy developer who was once respected but should be seen for what he has become: a pump and dump creator who loves a good instamine.

23. Joulecoin--just another scam playing on a rarity factor. called out immediately by the community.

25. Collosuscoin--Developed by a scammer, who is the developer of 99% of all scams on this board. who once developed many scam coins but finally stopped to pursue more noble means of revenue. Still can't trust the muddafudda as far as you could throw em  

26. Ezcoin

27. Solidcoin--Developed by realsolid, owner/operator of MCXNOW and legendary scammer of hundreds, maybe thousands of bitcoins MILLIONS OF DOLLARS.

28. Elephantcoin

29. New!!Darkcoin -- Racist scam coin.

30. Infinitecoin--Scamcoin taking advantage of lowest decimal place on Cryptsy.com, allowed for doubling your money by pumping the coin from .0000001 to .0000002. truely a well thought out con.

31. Applecoin

32. New!! Maxcoin-- ponzi scheme, using the name of C-lister Max Keiser

33. New!! Cachecoin-- Just another scam with no innovation and scarce availability. Early investors will cry rivers by the time all is said and done.

34. United Scrypt Coin
35. New!! Mintcoin -- Just another scam pump and dump with tons of hype and no innovation. avoid it unless you're stupid. created by mintpal.

36. New!! RonPaulcoin -- Fraudulent coin which plays on the paranoid super liberal, and their inherent gullibility. Coin is nothing special, should be worthless, but speculators gonna speculate i suppose.

37. Lotto Coin

38. Chococoin

39. Frozen-- Doesn't fit criteria, but seems like a scam.

40. Unioncoin


Removed From List:

32. Nextcoin**Java based exodus style coin operating inside bitcoin blockchain. attempting to capitalize on popularity of Mastercoin, which is still a borderline scam but has mucho support by Hero Members. Finally made it onto an exchange, but is still an early investment ponzi scheme.

33. Mastercoin Removed Due to amount of Work/Support of community. Still seems like a scam, but we'll see how it shakes out.

19. Phoenixcoin**Developers were suspected scammers from the start. went on to start an exchange and stole thousands of btc worth of altcoins as well as all bitcoins of its users. Resurrected by community after original scammer development team left. i think we can give the coin a break now.

29. Gamecoin**one of the most disasterous altcoins ever made. eventually resurrected by Ahmed Bodhi who also repaired bytecoin after its original developer left. Just another scrypt clone attempting to play on the gullible investor, the current reincarnation justifies its removal from the list.

4. CopperBars**another igotspots coin. remains one of the most profitable cpu coins to mine. Little justified it being here, other than the secrecy surrounding the authorship of the currency.

3. Lottery Tickets**This coin is here solely because of the "Dev" igotspots. Complete junkcoin, also cpu only. has unique random block rewards. Dev sticks by the coin, and there was no unfair premine, so i suppose it never belonged here anyway. Not with the likes of the current generationsof altcoin scams, atleast.

35. Securecoin**The Developer removed Quarkcoin copyrights, lied about hashing algorithms, and mismarketed the coin as being new and revolutionary when in fact its just a clone of Quarkcoin with fair, logical block rewards and no premine/instamine. so while being born out of a lie, little actually justifies this coin being on the list. Other than lying about the coin parameters and origin of this coin, the developer, baritus, is generally trustworthy and also has recently opened an altcoin trading platform based in Panama, called Crypto Avenue.

[1714962220]

1714962220

[Amph]

you missed bitcoin

[itf991]

you missed bitcoin

lol

[testz]

This is a list of "good" coins?
If it's a list of scam coins, where YaCoin and NovaCoin?

Edit: Looks like a list of random coins from https://bitcointalk.org/index.php?topic=134179.0

[oxxymoronn]

Lol what an absurd thread this is. Thanks OP I'll be sure to heed your advice....

[extortion]

Lol what an absurd thread this is. Thanks OP I'll be sure to heed your advice....

I speak the truth. all coins on this list are propped up scam coins, high time they are cut down and eliminated. Part of evolution is separating the cream from the crop, and you sure can't make butter from any of these shitcoins, that have nothing more than a few lines and variables changed.

[bgman]

I am curious why Stablecoin would be a scam coin.  Is it because the "coin mixing" service isn't implemented yet?

[gnode]

Lol what an absurd thread this is. Thanks OP I'll be sure to heed your advice....

I speak the truth. all coins on this list are propped up scam coins, high time they are cut down and eliminated. Part of evolution is separating the cream from the crop, and you sure can't make butter from any of these shitcoins, that have nothing more than a few lines and variables changed.

You are so shortsighted. The AltCoin world is different now. All that matters for a coin is a viable network and it is on an exchange. Big money (hedge funds) is pouring into coins, everything will skyrocket.

You want your coin to skyrocket, promote it and get it on an exchange. Stop slamming other coins it doesn't help your cause.

[Zen00]

Dude, have you been to the grocery store lately? 90% of all market items are clones of each other with just different marketing.

A coin that is the same as another with just different marketing is not a scam coin, it's just a clone coin. Scam coins are ones that have been set up to make the originator and his few close friends rich in the initial mining bubble, generally premined or insta-mined stuff.

Stuff like Goldcoin, Casinocoin, etc. Clones. They're not bad, just trying to market to different buyer segments. As it's said, you need all types.

[extortion]

I am curious why Stablecoin would be a scam coin.  Is it because the "coin mixing" service isn't implemented yet?

Trust me, it deserves its ranking. At the time it was released, hundreds of new coins were being released with a sole purpose of being listed on the brand new, Cryptsy.com Altcoin exchange. It was released, crashed and burned time and time again. Only people who prop it up are bag holders. It can easily be time traveled and killed, only reason it hasn't is because the coin murder is currently busy with bigger fish to fry

[extortion]

Lol what an absurd thread this is. Thanks OP I'll be sure to heed your advice....

I speak the truth. all coins on this list are propped up scam coins, high time they are cut down and eliminated. Part of evolution is separating the cream from the crop, and you sure can't make butter from any of these shitcoins, that have nothing more than a few lines and variables changed.

You are so shortsighted. The AltCoin world is different now. All that matters for a coin is a viable network and it is on an exchange. Big money (hedge funds) is pouring into coins, everything will skyrocket.

You want your coin to skyrocket, promote it and get it on an exchange. Stop slamming other coins it doesn't help your cause.

Imagine that, i post a list where quarkcoin is the number 1 scamcoin, and gnode magically appears to prop his investment. I used to really like you too... Get out of the shitcoins, start making smarter investments.

[Buratino]

I could agree with you. Excellent for precaution.

[extortion]

This is a list of "good" coins?
If it's a list of scam coins, where YaCoin and NovaCoin?

Edit: Looks like a list of random coins from https://bitcointalk.org/index.php?topic=134179.0

Lol, i was around for the launch of every single coin on this list, have researched everycoin. If i say its a scam, its a scam-- Just wait til Coinex reopens, this list will double in size.

[pand70]

Wouldn't be easier to just post the coins that you think that are in a way legit 

[gnode]

Lol what an absurd thread this is. Thanks OP I'll be sure to heed your advice....

I speak the truth. all coins on this list are propped up scam coins, high time they are cut down and eliminated. Part of evolution is separating the cream from the crop, and you sure can't make butter from any of these shitcoins, that have nothing more than a few lines and variables changed.

You are so shortsighted. The AltCoin world is different now. All that matters for a coin is a viable network and it is on an exchange. Big money (hedge funds) is pouring into coins, everything will skyrocket.

You want your coin to skyrocket, promote it and get it on an exchange. Stop slamming other coins it doesn't help your cause.

Imagine that, i post a list where quarkcoin is the number 1 scamcoin, and gnode magically appears to prop his investment. I used to really like you too... Get out of the shitcoins, start making smarter investments.

Why do you want to misled people? You know I'm right about the big money coming into Altcoins. Just look at the last month. Poor loser or just a loser? Oh I get it you sold everything on the way down! You convinced yourself that everything was a scam.

[extortion]

Lol what an absurd thread this is. Thanks OP I'll be sure to heed your advice....

I speak the truth. all coins on this list are propped up scam coins, high time they are cut down and eliminated. Part of evolution is separating the cream from the crop, and you sure can't make butter from any of these shitcoins, that have nothing more than a few lines and variables changed.

You are so shortsighted. The AltCoin world is different now. All that matters for a coin is a viable network and it is on an exchange. Big money (hedge funds) is pouring into coins, everything will skyrocket.

You want your coin to skyrocket, promote it and get it on an exchange. Stop slamming other coins it doesn't help your cause.

Imagine that, i post a list where quarkcoin is the number 1 scamcoin, and gnode magically appears to prop his investment. I used to really like you too... Get out of the shitcoins, start making smarter investments.

Why do you want to misled people? You know I'm right about the big money coming into Altcoins. Just look at the last month. Poor loser or just a loser? Oh I get it you sold everything on the way down! You convinced yourself that everything was a scam.

Bud, i'm smarter than to invest in any of these scamcoins, let alone sell on the way down. If quarkcoin were so great, you and your pumper buddys would let the thread die.

[The Goat Master]

Go NAN and OSC, right? 

[Kane49]

Doge = best coin ever, Invest in Doge.
All others are scamcoins.

[oxxymoronn]

There is so much money to be made in the market place with 99% of the coins on your list. If your not taking advantage of the massive volatility and fluctuations of these alt coins, you sir need to start making smarter investments.

Cloning a successful business model is a GOOD IDEA, and does not make the coin a scam.

Oh btw, Quark is sitting at 39 million market cap, quick folks unload now before it crashes and burns.

[MaGNeT]

Lol, a scammer warning us for a scam 

[extortion]

Doge = best coin ever, Invest in Doge.
All others are scamcoins.

SUCH WOW!

[extortion]

Lol, a scammer warning us for a scam 

Whatever happened to PhenixEx? 

[extortion]

OSC is the greatest coin ever, well except for DOGEcoin of course.

i agree.

[Kane49]

OSC is the greatest coin ever, well except for DOGEcoin of course.

i agree.

OSC is scam, Doge is our only savior. 1$ by christmas !

[extortion]

OSC is the greatest coin ever, well except for DOGEcoin of course.

i agree.

OSC is scam, Doge is our only savior. 1$ by christmas !

Nah, you hate. Such lame

[coinerer]

There are at least 200 scamcoins for now

Not only 31 or 50.

[extortion]

There are at least 200 scamcoins for now

Not only 31 or 50.

Add your suggestions here

[majic]

This is an excellent thread! Actually I could summarize your first post to :

"ALL CRYPTOCURRENCY ARE ESSENTIALLY UNFAIR AND HENCE SCAMS".

Which I think is a far more valid statement than picking a random group of coins that exclude Litecoin, Bitcoin and Dogecoin (coincidence much? ).

You would not happen to own a lot of Dogecoin now would you? You do? What! you naughty boy!

Disclaimer : I own a lot of dogecoin....but that does not mean it doesn't belong on this list Just because it's obviously not serious does not mean Reddit is not trying to capitalize on it with every inch of leverage they can muster 

[extortion]

This is an excellent thread! Actually I could summarize your first post to :

"ALL CRYPTOCURRENCY ARE ESSENTIALLY UNFAIR AND HENCE SCAMS".

Which I think is a far more valid statement than picking a random group of coins that exclude Litecoin, Bitcoin and Dogecoin (coincidence much? ).

You would not happen to own a lot of Dogecoin now would you? You do? What! you naughty boy!

Disclaimer : I own a lot of dogecoin....but that does not mean it doesn't belong on this list Just because it's obviously not serious does not mean Reddit is not trying to capitalize on it with every inch of leverage they can muster 

Eh, i don't even have the client yet. figure it will die out soon enough. basically people mining as much as they can thinking it will be another IFC

[MaGNeT]

Lol, a scammer warning us for a scam 

Whatever happened to PhenixEx? 

They scammed me 

[peterlustig]

This is an excellent thread! Actually I could summarize your first post to :

"ALL CRYPTOCURRENCY ARE ESSENTIALLY UNFAIR AND HENCE SCAMS".

Which I think is a far more valid statement than picking a random group of coins that exclude Litecoin, Bitcoin and Dogecoin (coincidence much? ).

You would not happen to own a lot of Dogecoin now would you? You do? What! you naughty boy!

Disclaimer : I own a lot of dogecoin....but that does not mean it doesn't belong on this list Just because it's obviously not serious does not mean Reddit is not trying to capitalize on it with every inch of leverage they can muster 

Very good point. All this FUD about clonecoins being scam will hurt all cryptocurrencies in the long term, Bitcoin included. If a clone of Bitcoin is shitty, Bitcoin must be too, right?  

[majic]

This is an excellent thread! Actually I could summarize your first post to :

"ALL CRYPTOCURRENCY ARE ESSENTIALLY UNFAIR AND HENCE SCAMS".

Which I think is a far more valid statement than picking a random group of coins that exclude Litecoin, Bitcoin and Dogecoin (coincidence much? ).

You would not happen to own a lot of Dogecoin now would you? You do? What! you naughty boy!

Disclaimer : I own a lot of dogecoin....but that does not mean it doesn't belong on this list Just because it's obviously not serious does not mean Reddit is not trying to capitalize on it with every inch of leverage they can muster  

Eh, i don't even have the client yet. figure it will die out soon enough. basically people mining as much as they can thinking it will be another IFC

True or not that might be, essentially your arguments invalidate *all* cryptocurrencies. Just because Bitcoin/litecoin happen to be the biggest due to sheer chronological and novelty momentum does not make them any less unfair or scamcoin. Their markets are controlled by bots, slowly emptying the big wallets of the initial miners/investors, manipulating the price effectively.

The only difference between Litecoin and Bitcoin with all other coins is that they are more widely accepted as a form of payment. And again, this comes down to volume and age, not quality. The fact they are subject to wild changes in price make them completely unsuitable as a serious payment method for the wider public. They remain a mostly speculative asset in the hands of a few extremely wealthy early adopters.

If you discredit the majority of altcoins, there is no way you cannot claim that the whole concept of cryptocurrency itself is in essence a scam. One big Dutch-Tulip mania, but now in the digital realm.

I accept that notion : All cryptocurrency is unfair, and in essence a major plot of a few people to get rich on the expense of others.
I do not discriminate between one coin or the other...they are all more or less equally unfair or worthy of the title 'scamcoin'.
I post critique on coins, irregardless if I own them or not. I do not care - it would be hypocrisy not to.
I mine and at times purchase coin because I have a background in the stockmarket. I enjoy the thought of some profit and risk.
I hold on to a part of my coins because I see a potential and unavoidable future for Cryptocurrency, once it gets out of it's infancy. Short term failure or success of one coin is irrelevant. Once maturity is reached there will be some kind of equilibrium between freedom and regulation. But until that time, I can assure you every single coin will be monopolized and abused by a few to get wealthy from. It's that simple. Claiming other wise is naive or just plain a lie in your own benefit.

That said, the only thing that annoys me is people who have hidden agendas and go on obvious FUD propaganda campaigns. And I think your hatred against most coins except a few here and there is obviously only initiated by you to further your own interests. I think that is obvious to the majority of this forum..or at least, I hope so^^

[testz]

Lol, a scammer warning us for a scam 

LOL 

[extortion]

This is an excellent thread! Actually I could summarize your first post to :

"ALL CRYPTOCURRENCY ARE ESSENTIALLY UNFAIR AND HENCE SCAMS".

Which I think is a far more valid statement than picking a random group of coins that exclude Litecoin, Bitcoin and Dogecoin (coincidence much? ).

You would not happen to own a lot of Dogecoin now would you? You do? What! you naughty boy!

Disclaimer : I own a lot of dogecoin....but that does not mean it doesn't belong on this list Just because it's obviously not serious does not mean Reddit is not trying to capitalize on it with every inch of leverage they can muster  

Eh, i don't even have the client yet. figure it will die out soon enough. basically people mining as much as they can thinking it will be another IFC

True or not that might be, essentially your arguments invalidate *all* cryptocurrencies. Just because Bitcoin/litecoin happen to be the biggest due to sheer chronological and novelty momentum does not make them any less unfair or scamcoin. Their markets are controlled by bots, slowly emptying the big wallets of the initial miners/investors, manipulating the price effectively.

The only difference between Litecoin and Bitcoin with all other coins is that they are more widely accepted as a form of payment. And again, this comes down to volume and age, not quality. The fact they are subject to wild changes in price make them completely unsuitable as a serious payment method for the wider public. They remain a mostly speculative asset in the hands of a few extremely wealthy early adopters.

If you discredit the majority of altcoins, there is no way you cannot claim that the whole concept of cryptocurrency itself is in essence a scam. One big Dutch-Tulip mania, but now in the digital realm.

I accept that notion : All cryptocurrency is unfair, and in essence a major plot of a few people to get rich on the expense of others.
I do not discriminate between one coin or the other...they are all more or less equally unfair or worthy of the title 'scamcoin'.
I post critique on coins, irregardless if I own them or not. I do not care - it would be hypocrisy not to.

That said, the only thing that annoys me is people who have hidden agendas and go on obvious FUD propaganda campaigns. And I think your hatred against most coins except a few here and there is obviously only initiated by you to further your own interests. I think that is obvious to the majority of this forum..or at least, I hope so^^

I agree with most of what you said, but let me know when you wake up...(from your daydream)

[GigaCoin]

Just like the other guy said, you forgot to add Bitcoin to that list.

For those of you even considering believing this crap, look at it this way:

1. OP who has a "Warning possible scammer right under his name" posts a list of "scam coins you should avoid"...
2. OP thinks DOGECOIN is the ultimate super coin and thinks it doesn't fulfill any of the criteria that he has set for scam coin (dogecoin equally fulfills most of his scamcoin criteria)
3. Thread quickly turns from serious discussion to "doge much love, such wow"..

make your own conclusions..

[extortion]

Just like the other guy said, you forgot to add Bitcoin to that list.

For those of you even considering believing this crap, look at it this way:

1. OP who has a "Warning possible scammer right under his name" posts a list of "scam coins you should avoid"...
2. OP thinks DOGECOIN is the ultimate super coin and thinks it doesn't fulfill any of the criteria that he has set for scam coin (dogecoin equally fulfills most of his scamcoin criteria)
3. Thread quickly turns from serious discussion to "doge much love, such wow"..

make your own conclusions..

Logic fail. that is all.

[peterlustig]

OP is also spamming the QRK main thread: https://bitcointalk.org/index.php?topic=260031.3580
Also his username seems to be meant seriously: https://bitcointalk.org/index.php?topic=230874

Obviously a FUD spreading sockpuppet trying to crash market. Ignored. 

[combo]

Could you add to the list your suggestions for the good coins? based on your same criteria(you).
that might be helpful to judge where you are heading to.

[combo]

Obviously a FUD spreading sockpuppet trying to crash market.

sockpuppet:
this one i saw spreading here recently
do you think that the whole world knew about bitcoin the day it was lunched? thus no one should be asking or accepting help if it was offered?

crash market:
what is the relation between  sockpuppet and crashing market ?
or does you think if X-one puts up a list it will lead to the market crash?

thank you.

[peterlustig]

sockpuppet:
this one i saw spreading here recently
do you think that the whole world knew about bitcoin the day it was lunched? thus no one should be asking or accepting help if it was offered?

crash market:
what is the relation between  sockpuppet and crashing market ?
or does you think if X-one puts up a list it will lead to the market crash?

thank you.

Ofcourse you can ask for help and I don't think you are a sockpuppet (which means second or third forum account), but extortion is one for sure!
They try to crash the markets, their main target seems to be QRK at the moment. Just look at the first link I posted and read all the bullshit spam extortion, author of this "scamcoin-list", posted in the QRK main thread. Probably wants to buy cheap just before btc38 adds QRK to their exchange.  

[darksoft]

a noob warning noobs... only on the internets

[oxxymoronn]

I can hardly hear what the OP is saying, that red shit next to his trust rating is too loud.

[damnation]

lol.. its an impressive... kind of a copy and paste of coinwarz really...

So here's my query.

So what if it fits your definition of a scamcoin? So what, if it gets on an exchange and dies? Miners make their money by trading on an exchange in lieu of mining ltc and btc which just aren't profitable unless they have the hardware for it.

In the real world there are thousands of companies getting listed on their respective stock exchange.. and at least half will likely die inglorious deaths through mismanagement, theft, natural disasters and a thousand other reasons. Investors who bought in on their shares are gonna lose out. How is it any different than what we see on the cryptocurrency exchange.

That's the free market for you .. some will win and some will lose.. The whole idea is to get in quick and get out quick.. even at this stage something might go wrong with BTC and LTC and its value will drop. Right now, i could declare BTC as a scam, The Chinese sold @ USD 1000.. prices dropped to usd 550 and now guess whose buying them up again right up-to the current level at $880.If they do it a few more times the rest of the world might decide "Ok this aint working lets try something else". LTC is on the cusp of ASIC specific hardware and it might drop out of the market if that happens cos the world might think "why would we need a clone of BITCOIN". Fact is there is a niche/demand for a viable cryptocurrency and whether it be BTC, LTC or even SXC there's gonna be a constant tug of war between all of them. If the porn industry and every lady/gentleman of the night were to except only SXC for their services you can bet the demand for SXC will be a hell of a lot more than BTC ever experienced.     

if your looking for long term investments  go buy land. Even if it gets nuked it will still be there and it will be safe to build on one day..... Otherwise everything is subject to risk..

I'm new.. Damn new in fact... so new that i am only at the "Ne-" part of new...but i understand the risk involved why because its posted everywhere... Every forum has a scammer alert.. every thread announcing a new coin has at least one experienced miner who will state a reason why it will fail. Why do i continue because its fun and if it fails its no-one's fault but mine as i should have got out earlier but got greedy and stayed. Greed controls the law of supply and demand.

Are you worried about punishment and culpability? As in its easy for a dev to be anonymous and therefore run after he pumps and dump. Well, there's not lot a lot of culpability in real life either.

Or do you propose we introduce a little Marxism into the cryptocurrency world everyone gets 1 coin at a time.. quick everybody return your coins to "EXTORTION" and he will equally distribute it out to everyone.. But please be advised due to such a massive undertaking there are certain overheads to be met. I'm sure your overheads wont be more than 3 coins for every coin disbursed.

Leaving aside your "Untrusted" rating. How do you expect anyone to take someone called "Extortion" seriously on the issue of what is and what is not a scam. Do you propose we pay you for your insight? I am pretty sure that fits the definition of extortion.

By the way... Your signature while impressively ominious makes you sound like a child that had his/her favorite toy taken away. But, good job, the red color of the sig matches the Red warning under your name quite well..

[damnation]

This is an excellent thread! Actually I could summarize your first post to :

"ALL CRYPTOCURRENCY ARE ESSENTIALLY UNFAIR AND HENCE SCAMS".

Which I think is a far more valid statement than picking a random group of coins that exclude Litecoin, Bitcoin and Dogecoin (coincidence much? ).

You would not happen to own a lot of Dogecoin now would you? You do? What! you naughty boy!

Disclaimer : I own a lot of dogecoin....but that does not mean it doesn't belong on this list Just because it's obviously not serious does not mean Reddit is not trying to capitalize on it with every inch of leverage they can muster  

Eh, i don't even have the client yet. figure it will die out soon enough. basically people mining as much as they can thinking it will be another IFC

True or not that might be, essentially your arguments invalidate *all* cryptocurrencies. Just because Bitcoin/litecoin happen to be the biggest due to sheer chronological and novelty momentum does not make them any less unfair or scamcoin. Their markets are controlled by bots, slowly emptying the big wallets of the initial miners/investors, manipulating the price effectively.

The only difference between Litecoin and Bitcoin with all other coins is that they are more widely accepted as a form of payment. And again, this comes down to volume and age, not quality. The fact they are subject to wild changes in price make them completely unsuitable as a serious payment method for the wider public. They remain a mostly speculative asset in the hands of a few extremely wealthy early adopters.

If you discredit the majority of altcoins, there is no way you cannot claim that the whole concept of cryptocurrency itself is in essence a scam. One big Dutch-Tulip mania, but now in the digital realm.

I accept that notion : All cryptocurrency is unfair, and in essence a major plot of a few people to get rich on the expense of others.
I do not discriminate between one coin or the other...they are all more or less equally unfair or worthy of the title 'scamcoin'.
I post critique on coins, irregardless if I own them or not. I do not care - it would be hypocrisy not to.
I mine and at times purchase coin because I have a background in the stockmarket. I enjoy the thought of some profit and risk.
I hold on to a part of my coins because I see a potential and unavoidable future for Cryptocurrency, once it gets out of it's infancy. Short term failure or success of one coin is irrelevant. Once maturity is reached there will be some kind of equilibrium between freedom and regulation. But until that time, I can assure you every single coin will be monopolized and abused by a few to get wealthy from. It's that simple. Claiming other wise is naive or just plain a lie in your own benefit.

That said, the only thing that annoys me is people who have hidden agendas and go on obvious FUD propaganda campaigns. And I think your hatred against most coins except a few here and there is obviously only initiated by you to further your own interests. I think that is obvious to the majority of this forum..or at least, I hope so^^

Seems kinda silly quoting the entire thing... But i agree

[damnation]

I believe extortion would prefer we all go back out.. dig a garden and plant potatoes.

*edit* oh and leave the mining to him... after all he will intelligently mine only coins which aren't scams..

[combo]

thank you @ peterlustig
for sorting that.
and sorry if i did mix-up things.

[Wilhelm]

Who cares if it's a scam .... mine and dump ...

[ajax3592]

Hey OP, how are you so sure Quarks are a scam coin. If only did you mine them in their early days would you have realized how much valuable they turned into now.

[TheMightyX]

Hey OP, how are you so sure Quarks are a scam coin. If only did you mine them in their early days would you have realized how much valuable they turned into now.

Well that's a pretty ignorant statement.
Just because something is valuable doesn't mean its not a scam.
Your broken english seems to be a fairly accurate indicator of the type of person investing into quarks.

[darksoft]

Hey OP, how are you so sure Quarks are a scam coin. If only did you mine them in their early days would you have realized how much valuable they turned into now.

Well that's a pretty ignorant statement.
Just because something is valuable doesn't mean its not a scam.
Your broken english seems to be a fairly accurate indicator of the type of person investing into quarks.

Someone for whom English is a second language?

[TheMightyX]

Now I'm going to play the devils advocate here about one of your scam coins.

Frozen

(Surprise surpise, I'm holding frozen coins)

There was no premine, so I can only assume it's on your list because it is a quarkcoin clone?
They improved upon the quarkcoin model by giving it a fair distribution model (7,777,777 coins, no instamine).

I do have to mention. A new car is just a clone of an old car with various modifications and improvements. Many good games are just clones of a popular genre (shooter, platformer, etc) with improvements.

They took the quarkcoin model and improved upon it.

Unfortunately that is the only coin I know enough about. That is because I did research before deciding to support it. I like the new 9-of-6 hashing model and the fair start sealed the deal.

Unless you know something about FZC that I don't, it shouldn't be on that list.

[TheMightyX]

Hey OP, how are you so sure Quarks are a scam coin. If only did you mine them in their early days would you have realized how much valuable they turned into now.

Well that's a pretty ignorant statement.
Just because something is valuable doesn't mean its not a scam.
Your broken english seems to be a fairly accurate indicator of the type of person investing into quarks.

Someone for whom English is a second language?

Yes, someone who would otherwise not have trouble reading the information on the coin and all the god damn warning signs and shady practices. Yes, exactly.
Don't try to pidgeonhole me.

[Reece523]

lol

research research research 

Who cares if it's a scam .... mine and dump ...

[renodaret]

this post is just fucking stupid.

buy 1000 of each coin on this list. hold until 2015. you will be rich.

[Netnox]

Hey OP, how are you so sure Quarks are a scam coin. If only did you mine them in their early days would you have realized how much valuable they turned into now.

Well that's a pretty ignorant statement.
Just because something is valuable doesn't mean its not a scam.
Your broken english seems to be a fairly accurate indicator of the type of person investing into quarks.

What an ignorant post, generalazing a whole community. I would like to see you speak another language smartass. The fact that you speak better english doesn't mean you are smarter than him.

[iGotSpots]

A scammer calling out scamcoins. Bookmarked

[BitcoinFX]

Original poster has incorrectly listed Securecoin which had a fair launch and no pre-mine and uses an economic model similar to Bitcoin and the added security features from Quark (which was pre-mined).

~ Yet has ommited say Goldcoin: http://cryptolife.net/goldcoin-the-scam-that-keeps-on-giving/

and Feathercoin: http://cryptolife.net/an-in-depth-look-at-feathercoin-the-coin-that-started-it-all/ - or example.

  

[peterlustig]

Original poster has incorrectly listed Securecoin which had a fair launch and no pre-mine and uses an economic model similar to Bitcoin and the added security features from Quark (which was pre-mined).

QRK was NOT premined.

[BitcoinFX]

QRK was NOT premined.

My bad ? https://bitcointalk.org/index.php?topic=366779.msg3916845#msg3916845  

http://cryptolife.net/quark-is-it-worth-buying/

[Reece523]

If this would have been implemented a month ago, you'd be rich already... Seriously, Sexcoin is up like what... 200x or something in the past week. Practically every coin on CoinMarketCap.com has seen a surge at one point or another. I don't think the average altcoin investor gives a rat's ass whether an altcoin was premined or not and why should they -- all that matters is that their investment increases in value and that it ideally does so at a quicker rate than alternatives. Some consideration for risk, of course. And since we're not an Omniscient Being, we really don't have very good odds of predicting the next big winner but by spreading the money around... 2015 should be interesting indeed  

this post is just fucking stupid.

buy 1000 of each coin on this list. hold until 2015. you will be rich.

[samson]

The OP is obviously a prick, there's some good coins on his list.

[pinarello]

I will make a list 50 scammers to avoid 

1) geusse

[darksoft]

Hey OP, how are you so sure Quarks are a scam coin. If only did you mine them in their early days would you have realized how much valuable they turned into now.

Well that's a pretty ignorant statement.
Just because something is valuable doesn't mean its not a scam.
Your broken english seems to be a fairly accurate indicator of the type of person investing into quarks.

Someone for whom English is a second language?

Yes, someone who would otherwise not have trouble reading the information on the coin and all the god damn warning signs and shady practices. Yes, exactly.
Don't try to pidgeonhole me.

Don't be a racist

[ChekaZ]

+1

I like that list.

[damnation]

I think op has run.. to spam other threads.. btw, am pretty sure i figured his criteria from Scamcoins..

If it aint in his wallet... SCAM!

[Reece523]

Now that's a good way to increase the value of your holdings if you can get everyone else to believe it

I think op has run.. to spam other threads.. btw, am pretty sure i figured his criteria from Scamcoins..

If it aint in his wallet... SCAM!

[Coinsy]

I am curious why Stablecoin would be a scam coin.  Is it because the "coin mixing" service isn't implemented yet?

Trust me, it deserves its ranking. At the time it was released, hundreds of new coins were being released with a sole purpose of being listed on the brand new, Cryptsy.com Altcoin exchange. It was released, crashed and burned time and time again. Only people who prop it up are bag holders. It can easily be time traveled and killed, only reason it hasn't is because the coin murder is currently busy with bigger fish to fry

This really doesn't say anything about the coin being a scam. If you're going to call something a scam you should have a better argument than "it was released, crashed and burned" and "trust me." Well, I have no reason to trust you, you're a stranger on the internet. Show me facts and I may be willing to listen to you.

[sameev29]

Almost all coins are in the list.

[Reece523]

Unless someone makes a coin called Scamcoin (didn't someone?), what about a coin constitutes being a scam -- there being malware in it? I don't see a coin which has failed to take off like Quark did as being a scam nor do I view premining as being a scam. We may not agree with it but scam is a rather strong word to describe the activity. An overly strong word imo.

[traxx187]

lol damn i better get rid of my bitcoins if they are scam coins.... NOT!!!

[cheetah3]

you missed bitcoin

LOLest and this TRUE ))))))))

Man, you read your mind before post it ha ha ha

[BitcoinTate]

Wow, yet another Quark fud post. Hater's gonna hate, lover's gonna love. Quark to da moon!

[extortion]

Wow, yet another Quark fud post. Hater's gonna hate, lover's gonna love. Quark to da moon!

bagholders gonna speculate...

[gorgorom]

LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL says the guy with the warning under his name XDXDXDXD

[Reece523]

I wish I would have had the insight to invest in Quark a month ago but I'm not going to go around hatin' on those who did. Some people sure need to grow up imho. So you think you missed the boat... Maybe it's not too late to get on just yet.

[gorgorom]

I will make a list 50 scammers to avoid 

1) geusse

2. extortion

Hurrrr i am anonymous hurrrr because i have a slogan in my sig i am hurrr anonymouss hurrrrrrrrrrrrrrrr

[RoooooR]

I sold my all altcoins in your list after saw his post, thanks!
.
.
.
.
..
.
.
What a shitty list. This topic must be a joke or sth.

[coinerer]

Unless someone makes a coin called Scamcoin (didn't someone?), what about a coin constitutes being a scam -- there being malware in it? I don't see a coin which has failed to take off like Quark did as being a scam nor do I view premining as being a scam. We may not agree with it but scam is a rather strong word to describe the activity. An overly strong word imo.

Pump and dump is scam.

Does anybody know any coins which had not pump and dump?

Every coin is scam, bitcoin too, fiat too.

[kr105]

Unless someone makes a coin called Scamcoin (didn't someone?), what about a coin constitutes being a scam -- there being malware in it? I don't see a coin which has failed to take off like Quark did as being a scam nor do I view premining as being a scam. We may not agree with it but scam is a rather strong word to describe the activity. An overly strong word imo.

Pump and dump is scam.

Does anybody know any coins which had not pump and dump?

Every coin is scam, bitcoin too, fiat too.

Even your sister

[crazywack]

Lol, a scammer warning us for a scam 

+1 coming from someone with negative reviews of himself....

[pand70]

The problem with this thread is that it doesn't contains references for the accusations the op makes.
Of course you don't need references for some of the obvious scam coins but i expect something more when you say:

11. Casinocoin**total joke, flamed out and died immediately upon launch. early investors on cryptsy lost alot of money. Rumored to be an inside job by cryptsy.
12. Emeralds**clone of bitgem. rumored to be inside job by cryptsy.

[tianqunzhao]

Please add BTC and LTC

[TheMightyX]

Hey OP, how are you so sure Quarks are a scam coin. If only did you mine them in their early days would you have realized how much valuable they turned into now.

Well that's a pretty ignorant statement.
Just because something is valuable doesn't mean its not a scam.
Your broken english seems to be a fairly accurate indicator of the type of person investing into quarks.

What an ignorant post, generalazing a whole community. I would like to see you speak another language smartass. The fact that you speak better english doesn't mean you are smarter than him.

What the fuck is wrong with you? Generalizing? Someone speaking broken english won't see the scam as clearly if that scam is perpetrated in english. Thats not an asinine comment, that is just common sense isnt it? What a bunch of dickholes you guys are.

Hey OP, how are you so sure Quarks are a scam coin. If only did you mine them in their early days would you have realized how much valuable they turned into now.

Well that's a pretty ignorant statement.
Just because something is valuable doesn't mean its not a scam.
Your broken english seems to be a fairly accurate indicator of the type of person investing into quarks.

Someone for whom English is a second language?

Yes, someone who would otherwise not have trouble reading the information on the coin and all the god damn warning signs and shady practices. Yes, exactly.
Don't try to pidgeonhole me.

Don't be a racist

How in the fuck does saying people that don't read english natively will have trouble reading the signs that it is a scam, make me racist?

[peta4e]

We will see with the time ... : )

[johncoin]

What a bunch of BS. And from a scammer! GTFO

[laudub]

Criterium
A coin on this list may have one, a few, or all of the following qualities. A coin makes this list based on my personal knowledge and general intuition in regards to cryptocurrency.

Wouldn't you waste less time making a list of the coins you believe aren't scamcoins?

[ZetaOS]

Quark Coin and Gold Coins..are that scam coins?

(Got a lot of Goldcoins)

[Fletch]

Wouldn't you waste less time making a list of the coins you believe aren't scamcoins?

Yes, but then the whole point of the topic, to discredit Quark, is lost.

The thing I don't understand about all this talk about "scamcoins" is what difference it makes. So what if coin X is a premined scam coin if it has value and can be traded? If I use a currency to buy something or buy X amount of said currency, I couldn't care less if the authors of the currency had good intentions or not. The only thing that matters is the value of the currency as compared to other currencies.

[medialab101]

Thanks OP, have been looking for a list like this. Seems accurate.

[Benezivas]

I don't want to sound like a fanboy defending "his" coin (as can be seen from my post history) but listing Frozen just because it "seems" like a scam doesn't really seem to be a good point at all. Sure, neither you nor I do know whether it won't turn out as one in the end, but could you be a bit more specific in your tendency against them? Simply because it is new and was released at the time with the other dumpcoins doesn't seem to be a good enough criteria for me.

[achillez]

Doge = best coin ever, Invest in Doge.
All others are scamcoins.

Lol doge is a big problem imho -  6.5%, 12B+ mined in a couple days. Yah right

Oh I forgot to add, I still don't understand why people call Quark a scam coin. Sure many of the coins were mined in the first couple months, but that's way better than something like Doge .

[pand70]

Oh I forgot to add, I still don't understand why people call Quark a scam coin. Sure many of the coins were mined in the first couple months, but that's way better than something like Doge .

The fact that you compare quark with doge coin doesn't make it look legit 

[coinitus]

How would I know if this list is not a way to make me dump certain altcoins?

[theprofileth]

What is wrong with United Scrypt Coin, I like merged mining 

[Meebo]

What the fuck is wrong with you? Generalizing? Someone speaking broken english won't see the scam as clearly if that scam is perpetrated in english. Thats not an asinine comment, that is just common sense isnt it? What a bunch of dickholes you guys are.

Wow. You are really small minded and rude person. Everything that you have contributed to this thread is filth and arrogant claims about nothing.

First of all, if you judge someones English, be very sure, that you don't have errors in your own text. Otherwise you will look like a tool (witch you obviously are).

Secondly, you really were generalizing. Try to understand what "to generalize" means.

Lastly, if someone can write a sentence that conveys the meaning adequately while making couple of grammar errors, means that he/she can understand the language well enough to spot "scams".

Ultimately, market will decide, if Quark (or any other coin for that matter) is a scam or not. These "what coin grows the most" or "what coin to avoid" lists in general, are stupid and really meaningless... they are basically food for trolls like you, who feel obligated to insult others on the internet over trivial things.

You offer nothing to cryptocoin community.

[Redcoin]

good to see RED not on the scam list

LONG LIVE RED

[this1dude]

Can someone already convince the bosscoin fanboys to return my stolen 50LTC?    That coin should be listed on top of your list my friend, when you know you have a confirmed thief as the coin's DEV, no?

More info on this here: https://bitcointalk.org/index.php?topic=360987.new;topicseen#new

[Spayse]

RED is best coin.
Good coin for investors looking for long term investment, or speculators looking for a quick profit.

[ngocbkcse]

RED is best coin.
Good coin for investors looking for long term investment, or speculators looking for a quick profit.

Redcoin has bad trust. This coin will die.
Trust: -4: -1 / +0(0)
Warning: Trade with extreme caution!

[Spayse]

RED is best coin.
Good coin for investors looking for long term investment, or speculators looking for a quick profit.

Redcoin has bad trust. This coin will die.
Trust: -4: -1 / +0(0)
Warning: Trade with extreme caution!

No. LONG LIVE RED. it is increasing on cryptsy.

[zackclark70]

I agree to most of the list but would like to say that ADT is not a scam coin just because we pay coders to work on the coin does not make it a scam coin if it was a scam why would we spend a few thousand USD on repairs ?

also Nano tokens has just been taken over by a new DEV  so it should be crossed off the list maybe make a list of coins that have turned things around   

[stink]

United scrypt coin needs to be removed its the 1st merge mined coin by scrypt....

Infinitecoin should be removed as its very experimental...

[AbraxasCcs]

Please, some criteria of why chococoin is a scam coin. Thank.

[Adamlm]

Thanks for this thread, I was thinking about mining ASC but after reading your comment I'm switching to TEK.

10. Asiccoin**A classic case of false advertising and poorly chosen difficulty parameters, asiccoin lives on as a warning to those who think they can make a sha 256 coin instamine proof with starting difficulty of 0.

[bitrebel]

He is an extortionist. If you pay him 1 BTC, he will remove any Coin from the list.
 

[AbraxasCcs]

He is an extortionist. If you pay him 1 BTC, he will remove any Coin from the list.
 

O!

I see his trust!

[ltcifc]

There is a lot of people investing in some of the coins in the list, so im not sure who give OP the rights to post the first dumb thing that comes to his mind.
This thread should be closed and OP should be left without internet connection for a long time.

[CheekyChappy]

you missed bitcoin

[StewartJ]

I think this is the most important thread for anyone new in the Alt Coin world.

Can we please make this a sticky thread???

(btw, I have invested in scammy coins just for sheer profit like most of us here)

[therik]

Who's this moron? What kind of experience and background to make this stupid list?

[c4shm3n]

dude stop take drugs!

[zackclark70]

I think this is the most important thread for anyone new in the Alt Coin world.

Can we please make this a sticky thread???

(btw, I have invested in scammy coins just for sheer profit like most of us here)

extortion chares 1btc to get of the list lol

[StewartJ]

I think this is the most important thread for anyone new in the Alt Coin world.

Can we please make this a sticky thread???

(btw, I have invested in scammy coins just for sheer profit like most of us here)

extortion chares 1btc to get of the list lol

Yes, but you should see what he charges to NOT make this thread sticky!!!

[extortion]

I think this is the most important thread for anyone new in the Alt Coin world.

Can we please make this a sticky thread???

(btw, I have invested in scammy coins just for sheer profit like most of us here)

extortion chares 1btc to get of the list lol

Yes, but you should see what he charges to NOT make this thread sticky!!!

lol. iGotSpots manages the the threats and monetary demands now. i'm more or less the "face" these days.

[broken_pixel]

OP you need to research more, you're thread is invalid and also you're claims are very vague.

You left out

Ripple, the Centralized cryptocurrency

Nice rep you have, lulz.
Trust: -8: -2 / +0(0)
Warning: Trade with extreme caution!

[The Goat Master]

Haha, read his trust to find out who he is.

[cryptohunter]

scamcoin is not a scam. It was too fair though so died out quickly. I mined some and holding out for an exchange.

[cryptohunter]

I agree to most of the list but would like to say that ADT is not a scam coin just because we pay coders to work on the coin does not make it a scam coin if it was a scam why would we spend a few thousand USD on repairs ?

also Nano tokens has just been taken over by a new DEV  so it should be crossed off the list maybe make a list of coins that have turned things around   

seriously you think it matters if any coin is on this list.... the bigger the scam the more people love getting in on it anyway.... look at microcoin... fairest block scaling ever. Nobody mines it since you can't get rich quick it seems from it.

[kenw2]

I love quark

[elixir]

Doge = best coin ever, Invest in Doge.
All others are scamcoins.

bitcoin ~ gold
litecoin ~ silver
dogecoin ~ copper

 

[Conqueror]

You may not realized it yet, but Phenixcoin became Phoenixcoin and is actualy quite scam-free now!

[extortion]

You may not realized it yet, but Phenixcoin became Phoenixcoin and is actualy quite scam-free now!

yes this list needs an updating for sure. now we have the most egregious scam coins like AUR coin and Darkcoin. the alt community is a hotbed for scamming it seems.

[zackclark70]

You may not realized it yet, but Phenixcoin became Phoenixcoin and is actualy quite scam-free now!

yes this list needs an updating for sure. now we have the most egregious scam coins like AUR coin and Darkcoin. the alt community is a hotbed for scamming it seems.

now you are back you can remove ADT

[extortion]

You may not realized it yet, but Phenixcoin became Phoenixcoin and is actualy quite scam-free now!

yes this list needs an updating for sure. now we have the most egregious scam coins like AUR coin and Darkcoin. the alt community is a hotbed for scamming it seems.

now you are back you can remove ADT

i gotta handit to you zackclark70, you really proved me wrong. hopefully more devs can be like you and support their scams, i mean coins.

[zackclark70]

You may not realized it yet, but Phenixcoin became Phoenixcoin and is actualy quite scam-free now!

yes this list needs an updating for sure. now we have the most egregious scam coins like AUR coin and Darkcoin. the alt community is a hotbed for scamming it seems.

now you are back you can remove ADT

i gotta handit to you zackclark70, you really proved me wrong. hopefully more devs can be like you and support their scams, i mean coins.

before I wasn't the lead dev so I didn't get a huge say on what was done now that I have taken over things will all be done right !

[extortion]

New updates, with everyones favorite scam coins on the list.

[peteycamey]

darkcoin = racist coin?

I LoL ed here.

its called darkcoin because of its anonymity.

it has a function called dark-send (which is in beta stages currently)

makes the transactions somewhat invisible (mostly incredibly hard and painful to trace)

[rockstar888]

pretty accurate

[Alohaboy?!]

darkcoin = racist coin?

I LoL ed here.

its called darkcoin because of its anonymity.

it has a function called dark-send (which is in beta stages currently)

makes the transactions somewhat invisible (mostly incredibly hard and painful to trace)

I thought the same.. darkcoin is one of the best coins out there at that time

[rockstar888]

Darkcoin will get cracked down so hard by the FED, it will go Dark with 1 day's notice.

lol

[kelsey]

New updates, with everyones favorite scam coins on the list.

Looking through the list must say I don't disagree, though a few I'd be even harsher on. I trade alot of coins yet none on your list comes on my radar.

[bitalkpl]

I think Mintcoin is pretty cool 
https://www.youtube.com/watch?v=btWMzlhOlnY
https://www.youtube.com/watch?v=1wgEKyh7CTQ

[barryzand]

darkcoin = racist coin?

I LoL ed here.

its called darkcoin because of its anonymity.

it has a function called dark-send (which is in beta stages currently)

makes the transactions somewhat invisible (mostly incredibly hard and painful to trace)

I thought the same.. darkcoin is one of the best coins out there at that time

+1! remove it from the list, since the reason behind it is really dumb and NOT researched well enough... matter of fact... How the hell can I take this list seriously when you dont do good enough research. Oh! and I made a nice profit on almost half of your coins in the list LOL..

[poornamelessme]

Nobody should take this list seriously. Yes, there are junkcoins on it. I wouldn't suggest in investing in most of them. But it's selective, based on biases of the OP. The fact Darkcoin is on it due to it being 'racist' is enough to tell you the list has little merit.

I found this one amusing:
25. Collosuscoin--Developed by a scammer, who is the developer of 99% of all scams on this board. who once developed many scam coins but finally stopped to pursue more noble means of revenue. Still can't trust the muddafudda as far as you could throw em.


Muddafudda -- also know as the originator of the shitcoin killing group. I am sure he has no ulterior motives.

[Wipeout2097]

Nobody should take this list seriously. Yes, there are junkcoins on it. I wouldn't suggest in investing in most of them. But it's selective, based on biases of the OP. The fact Darkcoin is on it due to it being 'racist' is enough to tell you the list has little merit.

I wouldn't go as far as this. Darkcoin as racist is obvious nonsense, but I'd rather see the OP being corrected with our help, than outright dismiss it.

[poornamelessme]

Nobody should take this list seriously. Yes, there are junkcoins on it. I wouldn't suggest in investing in most of them. But it's selective, based on biases of the OP. The fact Darkcoin is on it due to it being 'racist' is enough to tell you the list has little merit.

I wouldn't go as far as this. Darkcoin as racist is obvious nonsense, but I'd rather see the OP being corrected with our help, than outright dismiss it.

If people want to make a list of good or bad coins (which I believe was attempted already with that white list thread), I'm all for it.

Look at the trust rating of the OP. And he is using a puppet account, where his other puppet may be even more shady. He's not the one people really want making any list.

Yep, there are scam/shit coins on his list. But you could randomly choose coins and probably 90% would be considered shitcoins.

[azguard]

Good list but i thing that there is more scam n crappy coins on market. Maybe considering expand list to 50 perhaps?

[tendend]

Why are you so mad OP 

[Wipeout2097]

Nobody should take this list seriously. Yes, there are junkcoins on it. I wouldn't suggest in investing in most of them. But it's selective, based on biases of the OP. The fact Darkcoin is on it due to it being 'racist' is enough to tell you the list has little merit.

I wouldn't go as far as this. Darkcoin as racist is obvious nonsense, but I'd rather see the OP being corrected with our help, than outright dismiss it.

If people want to make a list of good or bad coins (which I believe was attempted already with that white list thread), I'm all for it.

Look at the trust rating of the OP. And he is using a puppet account, where his other puppet may be even more shady. He's not the one people really want making any list.

Yep, there are scam/shit coins on his list. But you could randomly choose coins and probably 90% would be considered shitcoins.

Yes, I get it, 2 initiatives to clean out "scam/shit coins" are started by people with low credibility.

However, this at least brings some awareness to new people here. The fact these threads exist with the shady thread starters, will at least make it obvious this is becoming a scam cesspool, and maybe will prevent serious people from throwing money at them.

That said, I'd rather have reviews by reputable and independent members, and also some activity on the [ANN] sub-forum to warn investors about scammers.

[poornamelessme]

Yes, I get it, 2 initiatives to clean out "scam/shit coins" are started by people with low credibility.

However, this at least brings some awareness to new people here. The fact these threads exist, maybe will prevent a few from throwing money at the next scam.

There is some validity to that argument. But I would counter that there is an equal chance that new people could avoid some very good coins because of the biases of the OP.

Darkcoin is an obvious example. It's a very good coin, great dev, some really nice features (which other coins are even using now). A newbie may read this, pass it over, because the coin is supposedly 'racist'.

I'd call Dogecoin a silly joke coin, but I wouldn't call it a scamcoin. Strangely their devs set it up to be used more as a currency than most other well established coins.

Yep, most of that list is accurate. It is also filled with bias. If someone else wants to start their own list, and tries to be fair, go for it. I'd support that. However, I am not keen on people starting lists when they have little credibility to begin with, or with the idea of let's use our crypto mafia to start killing coins that we deem as 'bad coins'.

[eddy937]

Lottery Tickets looks like a shit coin but I made money out of it and it refuses to die.

[slavo]

you missed bitcoin

i lol'd hard, thx 

[galbros]

Agree on all except Doge and Darkcoin.  Doge actually has infrastructure, but too many coins, so it is a horrible investment but a fun coin.  Darkcoin offers some real innovation.

[AfrikaMan]

QRK was NOT premined.

My bad ? https://bitcointalk.org/index.php?topic=366779.msg3916845#msg3916845  

http://cryptolife.net/quark-is-it-worth-buying/

Quark was not pre-mined. It was available from Day 1 for everyone to mine in the crypto community (announced on Bitcointalk and others).

It's not Quark's fault most people didn't know about crypto-currencies when it was released. Most of the pre-mine accusations are from latecomers in the crypto world.

[Oldminer]

A scam list without NXT on it 

Also, how the fuck did Phoenixcoin not make that list...and Worldcoin....and.....

[miffman]

Lol I feel like OP had bad experiences with those coins and is now trying to justify why you shouldn't support them 

[azguard]

Yup but who are we to judge. I like LTC some1 don't, he like Doge the other one don't, some others like DRK the first one don't......

This is circle some1 have bad experience with some coin but that doesn't mean that they all bad, yes there are scams but in scams you can make profit in right moment, or w8 4 alt coin price pumping.

[tshel_bt]

that is a lot of coins

[BitOnyx]

Scammer warning other about scammy coins ?! I haven't saw such low trust number in long time. Not to mention some of those coins are actually working well.

[shtako]

darkcoin = racist coin?

I LoL ed here.

its called darkcoin because of its anonymity.

it has a function called dark-send (which is in beta stages currently)

makes the transactions somewhat invisible (mostly incredibly hard and painful to trace)

I thought the same.. darkcoin is one of the best coins out there at that time

+1! remove it from the list, since the reason behind it is really dumb and NOT researched well enough... matter of fact... How the hell can I take this list seriously when you dont do good enough research. Oh! and I made a nice profit on almost half of your coins in the list LOL..

Darkcoin is definetly a scam coin, but not because it is a racist coin lol.

Darkcoin claim to be anonymous, but it is not. And darkcoin is extremly instamined. One of the most overvalued coins out there. People buying this coin at todays prices are getting scammed.

[raganius]

I speak the truth. (...)

(...)

Trust me, (...)

(...)

:/

op is demanding too much trust here: trust is not something to be demanded, actually it's something to be deserved.

Accusations have to be properly proven to be of any utility.

[aciddude]

and how do you feel about EFL?

[pastet89]

So Aurora and Maza were officially proved to be scams ? 

[garthkiser]

SHOPx. Either the developers are beings scammed, or they are the scammers.

[garthkiser]

Add SHOPx to the scam list. Bad, bad, bad.
Posted from Bitcointa.lk - #flULTZjcywA6j0vr