..

[turtlehurricane]

...

[THeZoiD]

well i think we got a new record older...

if it turn out to be a scam...still not sure.

multicoin will hold the record of the biggest scam... 122btc as we speak

the wallet dint sync in 3 days...the dev dosent answer...

[THeZoiD]

well i think we got a new record older...

if it turn out to be a scam...still not sure.

multicoin will hold the record of the biggest scam... 122btc as we speak

the wallet dint sync in 3 days...the dev dosent answer...

ps:people in the multicoin tread say that the dev for multicoin are the same as standardcoin

[powersup]

dont forget Edgecoin https://bitcointalk.org/index.php?topic=540017.0

People should read through these before they consider IPO.

Use protection, use escrow! its like a condom for your bitcoins!!

[THeZoiD]

There's so many scam coins it's hard to keep track of. I will start with a couple, but the point of this thread is to post every scam coin in history, with some explanation of what happened. Hopefully this will help educate people on what scam coins are.

One of the most recent scam coins is white coin, dev used really shitty code and disappeared right after proof of stake was supposed to start, screwing over everyone who invested in white coin. People lost thousands of dollars when the market crashed. Exchanges are still shut down as of now, new dev team has been working for 4 days to try and make a wallet. It looks like it might become legit, but it started as a scam to make the dev money. https://bitcointalk.org/index.php?topic=568517.0

The white coin dev also made ghost coin, another broken code scam coin. https://bitcointalk.org/index.php?topic=509522.0

Stack coin is probably one of the most infamous scams, dev stole 69.5 BTC and never released the coin. https://bitcointalk.org/index.php?topic=457575.0



So yeah, post more here.

hope not....but i think your right

[Spoetnik]

hey op....


65 BTC


IPO


don't worry about namings cam coins.. worry about showing how IPO's are scams lol
besides it would be easier to name the one that are not scams.. a shorter list

[CrystalClear]

With a name like dafuq it was pretty obvious what you were getting yourself into and sadly cryptokk was put out of commission due to this malicious dev.  All these scam coins are just rinse and repeat cycles for these crooked devs, greed is evil.

[omahapoker]

I heard something about whitecoin.


i'll stick with blackcoin

[elixir]

think i'll stick with 666coin when it launches May 3rd.

https://twitter.com/666Coin666

[poornamelessme]

In order to make a list of scam coins, it may be best to first define what a scam is. The term is used too loosely in this forum for my definition. Poorly coded coins, simple clones, coins that go below ipo prices, or coins that simply lose you money, wouldn't be considered scams to me. Coins that have iffy distribution, but it's just a vague hunch, wouldn't qualify either. IPOs where the devs run away with the money, viruses in wallets and other similar behavior would certainly qualify.

I didn't keep track of white coin, but was it an ipo? If just bad coding, I wouldn't count it as a scam.

But that still leaves plenty of other scam coins around.

And no idea why anyone in their right mind would bother with dafuq coin. It's basically a red flag from the start to avoid it.

A pair of sketchy coins to me, yet I can't say with 100% certainty are scams, would be mandarin coin and australia coin. There was a rumored log for mandarin devs that looks very very shady. They could be considered a scam under the view that they didn't follow up with a proper airdrop. Many nation coins probably qualify there.

Marinecoin may qualify, under an 'insane dev' rule. Faking marketcap based on premine. And a completely crazy website.

I'm sure there are plenty of bad ipo coins, but I may not have been around long enough to even know what they are. I've taken part in three ipos in the several months I've been here, and I've made money on all three (not very much, but some). So I may have missed the shadier ones.

[poornamelessme]

It was more than bad coding for white coin, the original dev used mashed up code from one of his previous fail coins, and the code didn't even do proof of stake which white coin was said to be. And then he disappeared right when PoW ended and dumped his premine, resulting in lots of people losing money. I would say that's a scam.

If the dev knew that the coin couldn't do what he said it would, purposely vanished and dumped the premine, then yep, it's a scam. Actually any dev dumping any premine meant for promotion could be considered scammy, regardless of coin problems.

I didn't follow the coin very closely, as it just seemed like it was copying blackcoin and hoping for a quick payout.

[coin-table]

Hi everybody,

it would be great to have that list and I'm
happy to have a filter for those coins

on my site http://crypto-coins-table.com

[Whoisthelorax]

I describe a few different levels of scammishness in this post here...

http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

Darkcoin
Whitecoin
Mintcoin
Particle
Ultracoin
Blackcoin


...all make the list.


More on the link, with evidence.

[RawDog]

NXT=SCAM  This is true.

[asaghost]

every coin premined and IPO is scam

so simple

[poornamelessme]

And this is where the thread derails into personal preferences and saying nearly every single coin is a scam.