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.