Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: gondel on June 11, 2014, 02:52:42 PM



Title: When one coin dies?
Post by: gondel on June 11, 2014, 02:52:42 PM
Hello,
I am wandering when a coin can be promulgated as death? If there is 0kh/s network and does not been exchanged by anyone? Is it possible for such coin to be resurected?
Thanks!
BR


Title: Re: When one coin dies?
Post by: ecoinspro on June 11, 2014, 03:13:58 PM
Yes if someones overtake the coin and setups some hashing for it
and then push the exchanges to reconsider it can be resurected
but it needs a lot of work from that person I suppose

and since there is another 1000+ coins out there why would someone do it ?


Title: Re: When one coin dies?
Post by: hilariousandco on June 11, 2014, 03:29:42 PM
There's been a few coins resurrected in the past, but I'm not sure why they'd bother really (unless you've got a shitload of coins in it or something).


Title: Re: When one coin dies?
Post by: stokecrypto on June 11, 2014, 03:46:13 PM
no hashrate and no volume on exchanges regardless of its final rest in price :) .

think its funny how they keep ressurecting these dead scrypt coins lol zombie coins


Title: Re: When one coin dies?
Post by: gondel on June 12, 2014, 04:02:51 PM
no hashrate and no volume on exchanges regardless of its final rest in price :) .

think its funny how they keep ressurecting these dead scrypt coins lol zombie coins
Well when i first stat with Bitcoin after one month (middle of 2012) i realized there is another coins which are alternative to the BTC. So i started to mine everything new on the horizon and I actually noticed that when someone try to ressurect a coin it is actually not the same coin, just the name and the logo looks like the previous dead coin.
BR


Title: Re: When one coin dies?
Post by: hellscabane on June 12, 2014, 06:16:25 PM
Hello,
I am wandering when a coin can be promulgated as death? If there is 0kh/s network and does not been exchanged by anyone? Is it possible for such coin to be resurected?
Thanks!
BR
Yes, take BBQCoin as an example. It's now technically more "dead" than alive, but it shows what can happen when someone silently mines a coin for a very long time and then strategically cashes out.