The 10 Most Important Cryptocurrencies Other Than Bitcoin

A List of Coins People Find Suspicious | Welcome to the Nigerian Scam 2.0: Mastercoin, Nxt, Ripple (December 25th 2013)

December 25th, 2013
Ripple, Mastercoin, and Nxt all claimed to be Bitcoin-2.0. All are ranked top immediately due to their total circulation numbers or inflated price. Ripple ranked #2, Mastercoin #4, and Nxt #6 as indicated on coinmarketcap.com . It is pretty hilarious to see each subreddit supporters for these coins calling one another scamcoin. Well, guess what, they are either being suspicious or outright scamcoins. Also, check out Mastercoin's pre-sale exodus address of of 5,120.6 BTC. http://blockchain.info/address/1EXoDusjGwvnjZUyKkxZ4UHEf77z6A5S4P
It is a sad day for crypocurrencies. Alternate source without those three: http://www.cryptmarketcap.com/ , however it still has scamcoins listed there (e.g. Quark, Protoshares, Mega, Novacoin, etc.). I will recommend a better listing if one comes around. Anyway I will change the format and will update the list daily/weekly and put it sticky. The full incomplete list is below:
Before going with the list, PLEASE READ THIS GUIDELINE I wrote to have an understanding about scamcoins' common traits: http://bit.ly/18fVFQr
1) Africoin discussion: http://www.reddit.com/scamcoin/comments/1rwetv/africoin/ assessment: http://www.reddit.com/scamcoin/comments/1s40s2/assessment_of_africoin/
2) Quarkcoin discussion: http://www.reddit.com/scamcoin/comments/1rvp62/any_opinions_on_quarkcoin/) /quarkcoin
Reason: 98% or more already mined or pre-mined. 245,673,985 already in circulation since July 21, 2013 based on www.coinmarketcap.com. Great for pump and dump. On bitcointalk's release page discussion: "Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)"
Auditing reveals:30.26% of all Quarks owned by 27 wallets. Source: http://quark.freeforums.net/thread/368/auditing-block-chain https://bitcointalk.org/index.php?topic=260031.0
Regarding Quarkcoin's development team:http://www.reddit.com/Bitcoin/comments/1su2aj/the_scam_behind_quarkcoin/ce1efux
3) Novacoin discussion: http://www.reddit.com/scamcoin/comments/1ru8ru/novacoin/
Reason: pre-mined /novacoin
Total shares: 504,839 NVC, price at $21.48 a share ! . Rumors has it the creators mined most of the coin and hold about 90% shares.
From here, https://bitcointalk.org/index.php?topic=144047.0 check out this line "There have been claims that over 200.000 coins were premined by the developer. The developer has claimed that only 60.000 coins have been premined but apparently BTC-e admitted that they got 100.000 coins to accept this currency on their exchange"
4) Ripple /ripplers
Reasons: tokens/money without mining, centralized system. It goes against the ideas of most crypto currencies stood for.
Source:http://ripplescam.org/ http://www.reddit.com/Bitcoin/comments/1ezeil/exposing_the_ripple_scam/ http://bitcoin.stackexchange.com/questions/11172/is-ripple-a-scam
5) Megacoin /megacoin 28% or more than 1/4 of total current shares are pre-mined Discussion : http://www.reddit.com/scamcoin/comments/1s62ao/megacoin/
6)Protoshares
7) Orbitcoin
8) LotteryTickets
9) Mastercoin pre-sale period of 5,120.6 BTC. blockhain address http://blockchain.info/address/1EXoDusjGwvnjZUyKkxZ4UHEf77z6A5S4P /mastercoin (discussion: http://www.reddit.com/scamcoin/comments/1rue87/mastercoin/ )
10) HobboNickels
11)Infinitecoin /infinitecoin
12)BitcoinScrypt http://bitcoinscrypt.org/
13)Q-coin : proposal phase http://q-coin.org/
14)LightCoin : https://github.com/litecoinmessiah/lightcoin LiteCoin clone. Vague to-do list.
15) ScamCoin: no website, no launch day ready. Emptied promises.
16) Nxt Coin http://www.reddit.com/scamcoin/comments/1si4xi/nxt_coin_discussion/ , also http://www.reddit.com/scamcoin/comments/1tmaz6/nxt_what_justifies_this_price/
17) SexCoin: pumped up 1200% on debut on coinmarketcap and then being dumped
18) FlorinCoin: pumped and dump
19) BitBar
20)YaCoin: /yacoin extreme low difficulty for instamine, disproportionate coins holding of 35% total coins are held by 20 wallets http://www.reddit.com/scamcoin/comments/1swa3s/yacoin_scam/
21)EarthCoin pre-mined 270 million coins. discussion http://www.reddit.com/scamcoin/comments/1tf3ch/earthcoin/
22) Colossus Coin
23) StableCoin -- the coin that is unstable. Premining history. Dev disappeared a few months, promised mixing service, and while waiting for the update, larger holders dumped and flooded the market and tanked the price.
24)GoldCoin: pre-mining history. Got hardforked
25) CatCoin: one meme too many. broken launch. vanilla litecoin clone
26) InternetPeso: this is not even a coin, just QR code branded as tangible currency with user-generated value.
27)eMunnie: next generation scam has arrived
28)DimeCoin: pre-mined 8% of 460 billion coins Release page: https://bitcointalk.org/index.php?topic=382164.0;all
29) MoonCoin : pre-mining accusation. total circulation 384.4 billions, on release page denied premined but http://moonminers.org/ states "MoonCoin is a premined SCAM with over 500+ blocks premined since the start. Im sorry but this pool isnt going to mine it. The first block of mooncoin is at 1388427134 ( Mon, 30 Dec 2013 18:12:14 GMT ) , 30 minutes earlier than anyone got access to source and / or wallet. Multipool shouldve established block #1 and stopped mining and/or not have any downtime while the coin is launched. ITS A FUCKING PREMINE SCAM COIN"
30) VisaCoin: Barring legal threat from the real Visa company, It is pre-sale nearly 80BTC with outlandish claims and nonexistence source codes.
submitted by etparle to scamcoin [link] [comments]

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