In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.
This was also a flaw of Ethereum blockchain where any single person can create his own coin with his desired supply and name by costing very low fee.
As with the help of Ethereum blockchain where it was super easy to generate any coin it was easy to launch any ico with high promising goals and convince people to make their money multiple x.
Those scam or ordinary platform make alt market dirty game. And this impact very badly on the genion project where many traders lost their interest.
This was also a flaw of Ethereum blockchain where any single person can create his own coin with his desired supply and name by costing very low fee.
As with the help of Ethereum blockchain where it was super easy to generate any coin it was easy to launch any ico with high promising goals and convince people to make their money multiple x.
Those scam or ordinary platform make alt market dirty game. And this impact very badly on the genion project where many traders lost their interest.
They may not be dead, really when Bitcoin was created it wasn't as widely traded as it is now, I wasn't confident enough either
and waited long enough to mine a large % of coins before openly releasing them to the world, may be the case with many Alt-Old-deadcoins
Basically no one trusts a new currency nowadays, but they can trust one that has been around for years (even if it is not commercialized)
People today only look at what price it reached or at what price it can reach, that's it, in the future this will be even more shameless.
We are overconfident in Bitcoin, and it is just because of the price.
The world is not written man!, the changes are sudden!
Imagine that in the future it is more "ecologically viable" to resurrect an old currency and not create it.
Imagine campaigns that try to "resurrect" certain ancient currencies.
There are projects TODAY that are accumulating "dead" coins in exchange for money, who tells you that this project
do not see viable Revive a deadcoin if you see that it has 30% of the total supply?
Not everything is said!
(at least me) if i was a super dark businessman, i would mine a dead coin getting a lot of accumulation while others have no idea,
I would improve the code but I would not implement it, and when nobody expects it, I would appear there, with any excuse, with bags full of hope.