Why you think its dead? Its just a price drop, pretty normal in crypto world, If this you consider a dead then bitcoincash stays dead 99% of the year lol.
It is not only about the price of a coin. It is about the transaction speed, the confirmation time. People ask "why do you speak of the micropayments?". OK, let us not speak about micropayments. Do you think that transaction fee don't apply to people storing bitcoin? What if the price goes through the roof (or the floor if we are at that) and you want to quickly sell your assets and you CANNOT do that not doubling the amount in fees ?