When does a coin become officially dead? - page 2.

Ayers

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Quote from: Herbert2020 on January 23, 2017, 02:23:53 AM

there is nothing called officially in my opinion.
you can call a coin dead for many reasons for example:

when the developer gives up on his own project and nobody else is interested in picking up where he left off.
when the price goes to 1 satoshi and there is no buy orders and nobody is buying from the asks either.
you can even go as far as calling a coin dead when it is getting dumped real hard down to 1 satoshi
technically a coin is dead if there is no one mining it and there is no full node of it available any more.

You missed the one that really kill the coin , for me is when all the exchange delist it, that is when the coin die, without an exchange yu have nothing no trading, and trading here simply does not work well, another one is when the blockchain isn't working and it is not fixed, because of a bug or other things

ReferralFoundation

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If there are no nodes then coins can't be transferred so the coin could be considered dead. But if nodes came back and coins could be transferred again (highly unlikely) then the coin could be raised from the dead.

Without liquidity a coin is dead. It doesn't need to be on exchanges, people can still trade OTC, etc. but if no one wants to trade anything for it, regardless of nodes, it's dead.

People have to take interest but those people create the above two things, so... No people = dead.

basesaw

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you can say that a coin is officially dead when no ones uses it any more. the developers already abandoned it and no one bats an eye for it. alt coins or crypto coins has its developer who supports it by time to time so if they start to stop supporting them, maybe its the start of the down fall of one crypto coin.

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Quote from: Carmen_Sandiego on January 23, 2017, 10:43:19 AM

Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

Not exactly, because even if there are no exchanges trading it, users can use escrow services to trade it, or some exchange could decide to add the currency later. I think the event that could cause the death of a cryptocurrency would be if users stopped mining it.

It will work for coins that are proof of works but I doubt on coins that are pure or full pos,the dev just get an accoun ton poswallet to stake for his coin and his own machine to keep the blockchain alive,well this is my opinion only.

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Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

It is when there isn't a single exchange that will trade the coin. It means you can't use it to do anything, not even convert it to bitcoin. At that point it is dead.

If no-one mines it, it is dead too - if you can't get transactions confirmed, then it's dead.

Carmen_Sandiego

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Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

Not exactly, because even if there are no exchanges trading it, users can use escrow services to trade it, or some exchange could decide to add the currency later. I think the event that could cause the death of a cryptocurrency would be if users stopped mining it.

harizen

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Quote from: Updated on January 23, 2017, 10:24:54 AM

Quote from: MicroGuy on January 23, 2017, 07:03:28 AM

Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

An altcoin officially becomes dead when its blockchain stops advancing. That is the heartbeat.

Not at all. On yobit there are a lot of 1 sat coins, which wallets are "under maintenance" for months.
Anyway, you can look from different perspectives on this "dead" thing

Yobit exchange is the grave for those dead coins. They are still listed but their volume is cold for a matter of long period of time. Healthy = Shit = Dead, what a cycle for other altcoins.

But yes Im agree on how people look over to the term "dead". For me, as long as it was never established a good trading volumes for a minimum of couple of months or less while at same time never heard any future plans from the dev then I called it dead already even they are still listed in some of the altcoin exchanges.

Updated

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Quote from: MicroGuy on January 23, 2017, 07:03:28 AM

Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

An altcoin officially becomes dead when its blockchain stops advancing. That is the heartbeat.

Not at all. On yobit there are a lot of 1 sat coins, which wallets are "under maintenance" for months.
Anyway, you can look from different perspectives on this "dead" thing

aarturka

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Actually all alts were born dead.

robelneo

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Quote from: MicroGuy on January 23, 2017, 07:03:28 AM

Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

An altcoin officially becomes dead when its blockchain stops advancing. That is the heartbeat.

I think this is the best and right descriptions,any coin can be adopted and relaunch,because majority of this coin are open source,I have seen some coin adopted,bitcoin developer is not around anymore but his works continue because people are adopting it.

olubams

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I will say there are several reasons why a coin can be pronounced officially dead and the reason adjudged can make different appeals to different people. I have seen some coins even at Pre-ICO some people have judged it to be a shit coin and most times the coin does not fail to disappoint them for the position so to them as at the point of Pre-ICO, the coin is dead to them.

For me personally, a coin is dead the moment the developer of the founder is no where to be found to give the necessary support and also to provide answers to curiosity of users or potential users, then its finally dead...

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Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

An altcoin officially becomes dead when its blockchain stops advancing. That is the heartbeat.

agustina2

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Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

One factor is when they removed from the exchanges.

Reasons for that is the low volume established in that particular altcoin. Also even there is an active development that is currently running on the coin, as long as no volume was present during a certain period of time then it's a reason why they are removed. No investors = Dead Coin. But it should be on all altcoin exchanges and not only one a single one.

jaberwock

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when they are delisted from all exchanges and there are no developers to keep developing coins

or when the power of the network is so small that anyone could do a 51% attack, but no one does because they either don't know the coin, don't care or would not gain anything doing so

Shiroslullaby

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Quote from: kiklo on January 23, 2017, 05:36:58 AM

Technically True coin Death occurs when the Chain Freezes and coin transfer is no longer possible.
99% of the users have given up on it way before that point is reached.

I would add that unless the coin is active on at least one exchange with some amount of volume, its clearly heading for demise.
You also need at least one developer doing work, pushing updates on Github etc. Even if updates only happen a couple times a year, you need some sign that someone is still looking at the code and trying to make improvement.

J1mb0

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Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

A simple question that, given the range of answers, is not so simple to answer.

I think it is a good idea for us to converge on a definition that we can all use - there is enough confusion in this sphere! Cheesy

I would say that a coin that was launched as a publicly accessible distributed network is dead when there is not a single pair of nodes running with at least one active on the wider internet. Other attributes of a dead coin are no available binaries and sources, no blockchain with blocks showing recent timestamps etc.
I don't buy the lack of exchanges or websites as a sign of a dead coin - some coins in a similar predicament have been rescued or taken over before.

In that sense, assets on a functioning blockchain can't die and private coins like Ripple can't be said to die. They can however be said to be 'withdrawn', 'depricated' or 'spam'. However this is my opinion - I am sure others will differ.

kiklo

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Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

Coin's price can be so low people consider it dead.

However,
Technically True coin Death occurs when the Chain Freezes and coin transfer is no longer possible.
99% of the users have given up on it way before that point is reached.

Cool

thepo1m

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Quote from: Updated on January 23, 2017, 04:26:33 AM

Some of you mentioned that a coin is dead when the dev lefts the project. The truth is that in the last few months this isn't really an issue since the altcoins aren't used for their original purposes. I mean most of the people on exchanges doesn't even download the wallet or withdraw. Especially the coins which don't have a real purpose.Even "dead" coins are pumped on a daily basis on different exchanges. You can see a lot of 1 sat coins being pumped to 5-10 sat.

when the dev left the project, the project is dead, but some people will still be playing with until the trade volume goes close to zero and got delisted on exchanges, with no price value attached to it.

Updated

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Some of you mentioned that a coin is dead when the dev lefts the project. The truth is that in the last few months this isn't really an issue since the altcoins aren't used for their original purposes. I mean most of the people on exchanges doesn't even download the wallet or withdraw. Especially the coins which don't have a real purpose.Even "dead" coins are pumped on a daily basis on different exchanges. You can see a lot of 1 sat coins being pumped to 5-10 sat.

ArdiPrabowo

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Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

coin is dead is all people not interest use and buy coins
developer always developing coins, if nothing interst people use buy and trading ,
the first coin dilisted from exchanger and the coin die

this simple coin not demand coin can die

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