TechCrunch: Over 1000 Crypto Projects Are Considered 'Dead' Now

Authored by Helen Partz via CoinTelegraph.com,

More than a thousand of crypto projects are “already dead” as of June 30, 2018, according to a recent TechCrunch report. The news outlet has based its claim on data from two websites: Coinopsy and DeadCoins.

image courtesy of CoinTelegraph

Coinopsy provides daily reviews of various cryptocurrencies, including ones that are already “dead.” It defines a “dead” token as exhibiting at least one of the following:

“abandoned, scammed, website dead, no nodes, wallet issues, no social updates, low volume or developers have walked away from the project.”

According to Coinopsy’s list, there are 247 “dead” coins as of press time. These include the notorious Bitconnect that was shut down in January 2018 and is described by the website as “the most successful ponzi-scheme in crypto so far.”

DeadCoins similarly has a 830-item long list of “dead” cryptocurrencies. Among them is the recent Titanium Blockchain Infrastructure Services initial coin offering (ICO) that was shut downby the U.S. Securities and Exchange Commission (SEC) for fraudulent practices.

According to the SEC’s press release, Titanium has raised $21 million from investors from the U.S. and other countries. In its statement, the SEC warned investors about ICOs as an extremely risky type of investment:

“Having filed multiple cases involving allegedly fraudulent ICOs, we again encourage investors to be especially cautious when considering these as investments.”

As Cointelegraph reported Friday, the volume of ICOs has reached $13.7 billion in 2018 so far, which is already twice as much as the market amounted to in the entire 2017. According to TechCrunch, scam and dead ICOs raised $1 billion in 2017.

On June 21, Nasdaq CEO Adena Friedman warned that ICOs pose “serious risks” for retail investors, claiming that projects that raise money this way have “almost no oversight.”

Earlier in June, crypto evangelist John McAfee said that he will stop promoting ICOs due to alleged threats from the SEC.

Comments

Cryptopithicus Homme Sun, 07/01/2018 - 16:45 Permalink

GOOD!

Crypto is survival of the fittest.  The real free market place of ideas.  There ain't no Fed here to bail out your crappy venture.  Boom meet bust.  I look forward to seeing BTC join this list.  Long live Bitcoin!

lookslikecraptome Joe Trader Sun, 07/01/2018 - 16:51 Permalink

just google btc news today. Anther major player just dumped btc as a mode of transaction. 

 

https://www.ccn.com/wolf-of-wall-street-jordan-belfort-claims-bitcoin-m…

 

https://bitcoinist.com/bitcoin-on-a-one-way-street-going-down-says-futu…

https://businesstech.co.za/news/banking/253375/bitcoins-bad-year-looks-…

https://howmuch.net/articles/biggest-crypto-hacks-scams

And then go watch gringo where coin savior McAfee literally eats shit. You got a major problem with mass adoption if u care to address reality.

here is a lil sumthin for crypto homo about the science of block chain/ and a problem or two.

https://arxiv.org/pdf/1802.06993v2.pdf

Mass adoption seems to be getting harder and harder.

https://www.deepdotweb.com/2018/01/31/leak-shows-us-army-nsa-compromise…

You get only 15 comments on a Breitbart article bout cryptos. They have a YUGE readership.

https://www.breitbart.com/tech/2018/06/28/facebook-reverses-cryptocurre…

Middle America does not seem to care bout cryptos.

the only reason it advanced on 2 three minute-bars is the crypto ppt.

In reply to by Joe Trader

. . . _ _ _ . . . lookslikecraptome Sun, 07/01/2018 - 17:23 Permalink

BTC is not the whole space.

Some blockchains (DLTs) are better than others, no doubt.
DAGs are better, HashGraph seems the best.

Mass adoption is being manipulated. Wonder how man Venezuelans wish they had some crypto?
Middle America will care when the $ crashes. Those who stack, I think, probably have a little in crypto, just in case. Everybody else is FUBAR.

In reply to by lookslikecraptome

lookslikecraptome . . . _ _ _ . . . Sun, 07/01/2018 - 18:02 Permalink

I do not think that middle America will care when the dollar crashes and that they will migrate to cryptos. If the dollar crashes who will go into cryptos?? If their life savings have been wiped out??????

Actually the people doing the manipulating are the crypto whales. Go look at the charts. You do understand what a huge spike on two 3minutes bars means, I hope. If u do not it means that the crypto ppt is propping it up.

The news is the news. Nobody is manipulating the news about crypto, it is what it is.

Go try to start a conversation on the breitbart link. no one cares.

As far as I understand the Venezuelans are so far fucked that crypto will not help them a bit. Does not Madura already have a coin. The oil based crypto may not be Venezuela but it is some Latin country in south america.

Just checked, IT is Maduro so they already have a crypto. r those folks gonna buy rat meat with cryptos?

And I believe Trump said NO WAY JOSE for any one in the U>S> dealing with it.

It seems the CRYPTO NEWS OUTLETS DO MOST OF THE MANIPULATING,

Cheers.

In reply to by . . . _ _ _ . . .

Exponere Mendaces Ambrose Bierce Sun, 07/01/2018 - 22:11 Permalink

The next project to get forked-dead will be BCash. Its coming, this month - should be amusing.

https://bitcoinist.com/roger-ver-bitpico-hard-fork-bitcoin-cash/

EOS is a centralized shitcoin with 20 "Producers" that are essentially human intervention/governance. They decided to freeze some accounts and pull their ability to spend funds - just because. Its the ultimate centrist piece of garbage. They couldn't even keep their network running for more than a week without a problem.

Bitcoin is here to stay, and going on nearly 10 years -- you'd better be hedged with some.

Or you could just sit there with your shitty 1% savings accounts and sub-par yields on STAWKS. Whatever floats your wage-slave boat.

In reply to by Ambrose Bierce

MrSteve StheNine Sun, 07/01/2018 - 23:25 Permalink

I love our Beanie Babies!! They are so... valuable and rare and God isn’t making any more of them. What a deal!

 

I want to collect $50 from every poster who ever trashed Beanie Babies on ZH. You owe me $50! do not send bitcoins.

In reply to by StheNine

Global Douche lookslikecraptome Sun, 07/01/2018 - 22:09 Permalink

Breitbart may have large readership, but that doesn't mean they know what the fuck they talk about. If they're so noteable, why are they come-along-lately's? I've read an article or two of theirs and notice much FUDdiness. God forbid if they become another Kitco in their regarding of gold and silver.

Furthermore, in the blockchain issues link, p. 9 states that Bitcoin is anonymous. That's bullshit! It's partially anonymous and quite traceable since ALL BTC ever mined indeed remains in the system. At worst, coins do not vanish, instead, they become orphaned in an address, void of someone possessing a private key to unlock the balance therein.

 

In reply to by lookslikecraptome

lookslikecraptome Global Douche Sun, 07/01/2018 - 22:24 Permalink

Oh GAWD its another TARD.The point is that MIDDLE AMERICA is not tuned into crypto nor does it care. Who gives a fuck what you say.

BB HAS A GAZILLION READERS AND NOT MANY GIVE A FUCK ABOUT CRYPTO.

GO NYT< FOX< CBS etc and find out how little interest their is in crypto. Do some homework.

Do not argue with me about issues of the B CHAIN. Argue with the scientists who researched it. What you point out about coins not vanishing is still a HUGE problem.

The world outside hedge and the crypto news outlets is not tuned in 2 cryptos. The world outside hedge is the world that will have to adopt crypto if it is to survive.

In reply to by Global Douche

Baron von Bud Mine Is Bigger Sun, 07/01/2018 - 17:31 Permalink

Bitcoin doesn't have an auspicious future. Simply too slow and clumsy. I always felt blockchain was way over-rated. People don't understand that blockchain as a method of storing transactions is not novel. The only thing unique is the transaction confirmation process and that's also its weakest link due to the terrible latency issue. My advice is if you got in at under $1000 you should sell. Take your five-bagger and find something new to invest in. Money is made with buy low, sell high. With almost no market adoption, waiting is not a good strategy.

In reply to by Mine Is Bigger

Buckaroo Banzai Baron von Bud Sun, 07/01/2018 - 18:37 Permalink

Slow? With Segwit finally starting to get widespread adoption, transaction times have dropped down to minutes and transaction costs have dropped to literally pennies. But nobody seems to be noticing because OMFG BTC pRiCe CrASh!!1!!!

Clumsy? Yes IMO this is the next hurdle that needs to be overcome, but it's getting much better, especially with the wide variety of smartphone wallets that are now available.

 

In reply to by Baron von Bud

Baron von Bud Global Douche Mon, 07/02/2018 - 00:37 Permalink

I just read about the LN. Whatever happened to the anonymity thing with BC? People have to use an overlay network to transact with something close to normal speed. Congratulations to the Version .4 Beta software developers in their attempt to re-create paypal. I think it's an interesting experiment as is BC. Crypto may well have a future in its next tech cycle.

In reply to by Global Douche

2rigged2fail toady Sun, 07/01/2018 - 17:07 Permalink

Banks know the people have figured out there scam fractional ponzi.  So the next scam is to digitize everything.  My bet is gold, silver, BTC, ETH.  They will try and keep those in to avoid getting hung.  Also AC Chain may be the the new SDR, BTC, ETH world currency.  I will try to profit from the collapse.  Check out AC Chain videos showing fiat going away, the economist magazine, and the rising phoenix..symbolism at its best...or just another psyop

https://www.youtube.com/watch?v=e9OkdkgZqbo

https://www.youtube.com/watch?v=Iuqnhyq0570

In reply to by toady

nekten toady Sun, 07/01/2018 - 17:30 Permalink

Both will likely survive ove the long haul. Although ETH smart-contracts bare some watching due to the fact that they're written in a full "Turing complete" programming language that allows programmers to far more easily write code with bugs. This has already resulted in at least one massive loss.

https://www.forbes.com/sites/francescoppola/2016/06/20/the-dao-hacking-… 

Bitcoin's very rudimentary programming language and development process at least mitigates this to a large degree.

In reply to by toady

Buckaroo Banzai tmosley Sun, 07/01/2018 - 19:14 Permalink

Ripple: is a bank-supported scam coin, so they will pump it and never let it slip out of the top ten, until one day, they can't prop it up any more.

Tether: you really need to get over yourself on this. It's just a ledger-entry artifact that allows the trading of dollar balances across exchanges. Tethers are a good tool to bridge the gap from centralized, dollar-ledger-balance exchanges to completely decentralized exchanges.

EOS: yes it's scammy.

Cardano: it's the other one of the four that represents a viable long-term coin-- a legit upgrade on ETH, a coin with no real upgrade path.

 

In reply to by tmosley

Global Douche Alexander De Large Sun, 07/01/2018 - 22:17 Permalink

Which is EXACTLY why users should never, never, (using my best Foghorn Leghorn imitation) I say NEVER entrust any exchange with their coins any longer than required to invoke a purchase, sale, or trade, then get the coins out of there! Exchanges have huge targets on their backs as the prize is quite nice. That's why I didn't trust Mt. Gox in '13 having moved my coins to my own wallet before I learned how cold storage works. I didn't get Gox'ed.

In reply to by Alexander De Large

cpnscarlet Sun, 07/01/2018 - 16:57 Permalink

Never woke up one morning to find my physical gold

“abandoned, scammed, website dead, no nodes, wallet issues, no social updates, low volume or developers have walked away from the project.”

but is has been waterlogged.

 

. . . _ _ _ . . . Sun, 07/01/2018 - 17:12 Permalink

Thinning the herd while prices are cheap.
Outstanding!
The whole space needed it before becoming ubiquitously credible.
Those left standing will be stronger for it.
Now it will be considered a mature market, one most people can start to take seriously.
This will generate the start-up capital for many really promising projects.