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Reddcoin is a scam! Just read this as it is placed on their own website:

By laudney Posted on September 6, 2014 in General, Tip Platform, Wallet

Dear fellow Reddheads:

It’s been a month since the successful launch of PoSV, which marked the end of stage one of Reddcoin project. There were three main goals for stage one:

fair distribution of Reddcoin to common users (tipping), miners (mining) and investors (IPCO).
an innovative algorithm to secure the network and encourage ownership, participation and decentralisation (PoSV).
to build out a team of super talented and trustworthy developers.

The three goals have all been achieved so it’s time for us to enter stage two: the buildout of services to make Reddcoin actually useful.This is what Social X is meant for.