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A look at the history of cryptocurrency in 2018 has shown that Bitcoin (BTC) has gone from a "dead" designation in the media 90 times, industry news data and 99bitcoin shows on the information portal.
According to the legendary Bitcoin necrophagous section, which reports media claims that Bitcoin has failed, around 100 of these claims emerged last year as the BTC / USD dropped from highs around $ 20,000 in December 2017 to $ lows. 3130 in December 2018.
In contrast, a register of altcoins that for various reasons has disappeared from the market now contains almost 1,000 entries.
The database, Dead Coins, distinguishes assets that have failed due to hacks, frauds or that have simply become "deceased", along with "parody" coins that have not had a sincere purpose, according to their criteria. The website allows anyone to file a claim for a "dead" currency.
Combined, the total number of altcoins that probably will never return, according to Dead Coins, has now reached 934 – the total number of cryptocurrencies with a measurable market capitalization is currently equal to 2.073, CoinMarketCap data show.
On December 31st, the developer of BTC, Jimmy Song, highlighted the decentralized nature of Bitcoin as a quality that will separate it forever from the altcoins.
"In Bitcoin, entrepreneurs decide what innovations will be with their money and efforts.In altcoins, the central committees decide what innovations will take place," he wrote in a blog post.
A closer look at the lists of Dead Coins meanwhile reveals that not everyone agrees that its residents have gone forever to a better place.
OneCoin, the infamous project dubbed by several governments as a "Ponzi or pyramid" scheme, is listed in the Dead Scam section, along with a comment that requires that the statement be supported by evidence and facts.
Last week, the Wall Street Journal published a research that found hundreds of cryptocurrency white papers showing signs of fraudulent activity, improbable returns, and plagiarism.
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