Deadcoins Launches Compendium of Deceased Cryptocurrencies


Deadcoins hosts “a curated list of cryptocurrencies forgotten by this world”. Most of the coins detailed are artifacts from altcoin bubbles past, with many comprising exit scams or litecoin clones sporting a silly name for marketing purposes.

Also Read: 40+ ICO Platforms Closing in China

The Majority of the Coins Listed on Deadcoins Comprised of Exit Scams or Poorly Planned Ventures

Deadcoins Launches Compendium of Deceased Cryptocurrencies

Deadcoins lists projects alphabetically, with ‘Aiden’ being one of the first coins encountered by visitors. Of Aiden, the author states “haha this brings back memories. Aiden is another LTC clone shitcoin I made which the idiots and Poloniex listed. I just changed some scrypt parameters and scammed people by calling it GPU friendly. I made so much BTC from this shitcoin it’s not even funny.” The flippant tone of the author’s comments should underline the imperative need for prospective investors to critically evaluate the claims made by the developers of new altcoins.

Deadcoins illustrates the prevalence of exit scams among obscure cryptocurrencies. Many of the exit scams described tell the familiar story of developers disappearing with investors’ funds, such as ‘Blockshares’, which “raised $250k [and] then disappeared”, ‘Crimsoncoin’, whose developors “sold their coins and ran off in less than a week”, and ‘Erosvision’, which is said to have “comprised a “scam coin ICO with [a] plagiarized white paper [that] collected around ten million US dollars before… disappearing”.

Some scams, however, elicit a far more elaborate story, such as Chancoin. Of Chancoin, Deadcoins alleges that the developer conducted a “30% premine, supposedly mistakenly [sent] 10% of the coins to a stranger on the first day, [made] big promises to the community which went unfulfilled… [told] an elaborate lie about [multiple] developers which were all alternate accounts of the same person”, and “fork[ed] the coin which accidentally caused all funds held by people on exchanges to disappear.” Deadcoins states that “[Chancoin] now has a daily volume of less than $1000 [which is] faked by the developer trading with himself.”

Must READ:   Four Arrested Following First Taiwanese Crypto Robbery

Many Failed Altcoins Possess Gimmicky Names

Deadcoins Launches Compendium of Deceased Cryptocurrencies

Many of the cryptocurrencies detailed on Deadcoins comprise projects with little worth that sought to ride the gimmick of a silly name. One such project is ‘Beercoin’, which sought to use a premine in order to “hold the price relative to the price of beer”. Other notably named coins include ‘Fraudcoin’, ‘Groincoin’, ‘Koindashian’, ‘Obama_bin_lotterycoin’, and ‘Asspennies’.

Although though most of the cryptocurrencies described on Deadcoins comprise lazy attempts at establishing a gimmick, or maliciously motivated scams, some projects appear to have been serious in their efforts, and failed due to comically poor execution. ‘Siliconvalleycoin’ sought to build its user base by “sending out a mailer that said ‘free money’ to people in Silicon Valley”. ‘Oilcoin’ is described as “an attempt to create a cryptocurrency for the vertical market of crude-oil shipping and dealing [that] made absolutely zero penetration into that market.” ‘Cryptometh’ is another notable example, which “after a smooth launch… couldn’t get listed on Bittrex because bittrex objected to the… name. They were listed on allcrypt, but the price collapsed and miners abandoned the coin.”

Do you think that many of the cryptocurrencies launched during the recent altcoin bubble will be able to sustain a robust userbase long term? Or do you think the majority of altcoins are destined to fade into obscurity? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

Bitcoin News is growing fast. To reach our global audience, send us a news tip or submit a press release. Let’s work together to help inform the citizens of Earth (and beyond) about this new, important and amazing information network that is Bitcoin.

26 Replies to “Deadcoins Launches Compendium of Deceased Cryptocurrencies”

  1. Right here is the right site for anyone who hopes to find out about this
    topic. You realize a whole lot its almost tough to argue with you (not that I actually will need to…HaHa).
    You certainly put a brand new spin on a subject that has been written about for ages.
    Excellent stuff, just great!

  2. Hi I am so glad I found your blog, I really found you by accident, while I was browsing on Askjeeve for something else, Nonetheless I am here now and would just like to say thanks for a fantastic post and a all round exciting blog (I also love the theme/design), I donít have time to go through it all at the moment but I have book-marked it and also added your RSS feeds, so when I have time I will be back to read much more, Please do keep up the great work.

  3. Hey there, I’m truly glad I discovered your web page, I basically found you by accident, while I was researching on Bing for free new movies. Anyways I’m here now and would simply love to say kudos for a tremendous posting and the all-round enjoyable site (I likewise adore the theme), I don’t have enough time to read it entirely at the moment however I have saved it and moreover added the RSS feed, so once I have sufficient time I will be back to browse a lot more. Please do continue the awesome work.

  4. Al Hadi AC Refrigration and Repairing is committed to giving your ACs a new lease of life. We have a team of experienced professionals which has serviced more than a 1000 units, much to the satisfaction of our clients. The effort at Al Hadi has always been to service a call in the shortest span of time and to close it with a happy client. The referrals we get is a testimony to our work. Try our services today!

  5. My spouse and I totally love your website and find many of the articles to be precisely what I’m looking for. Would you offer other people to write material for you? I would not mind producing a piece of text about international real estate or even on most of the subjects you’re posting about on this page. Cool page!

  6. Dr.Punnet and her Teams are really a great cheater in Delhi for IVF, initially they say we will provide world best technology but after getting all money they all can’t do any thing and again repeat cycle or again take money for evry cycle same money, they all are playing with the emotions of allots of couples, God will never forgive you Dr. Puneet. this is very bad clinic, this is only earning money nothing else, avoid this doctor, try in AIIMS, GANGA RAM ANY OTHER Government hospitals are better, all private IVF centre are cheaters, maainly Dr. Puneet is great cheater in Delhi.

  7. My programmer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using WordPress on several websites for about a year and am anxious about switching to another platform. I have heard great things about Is there a way I can import all my wordpress posts into it? Any help would be really appreciated!

  8. I felt wonderful reading this article and I believe you are really correct. Tell me if perhaps you’re thinking about weight loss tips, this is my primary competence. I’m hoping to check back with you soon enough, cheers!

  9. Admiring the time and effort you put into your site and detailed information you provide. It’s nice to discover a site now and then that isn’t the similar old rehashed material. Great read! We’ve bookmarked your webpage and I’m including the RSS feeds to my own sports today webpage.

  10. Howdy just wanted to give you a brief heads up and let you know a few of the pictures aren’t loading correctly.
    I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same results.

  11. Are you tired of your ac repair in Dubai? Are you looking for Certified Professionals to carry out your ac repair with improved facilities and in an expert way?. Hot and humid conditions are not easy to tolerate, especially when you are not used to them. But, thanks to the air conditioners – living in such extreme settings can also become a pleasant experience, and more so if you are in Dubai.

  12. Excellent goods from you, man. I have have in mind your stuff previous to and you’re just
    extremely great. I really like what you have obtained here, really like what you’re saying and the way in which during which you assert it.
    You’re making it entertaining and you continue to care for to keep it smart.
    I can’t wait to learn far more from you. That
    is really a terrific web site.

  13. I’m definitely enjoying the theme/design of your weblog. Do you ever face any kind of internet browser compatibility situations? A number of my own website audience have complained regarding my how to use microsoft excel site not working correctly in Internet Explorer though seems awesome in Firefox. Are there any kind of ideas to help repair that problem?

  14. Hi I am so happy I found your site, I really discovered you by mistake, while I was looking on Bing for projectors. Regardless I’m here right now and would simply enjoy to say cheers for a remarkable write-up and the all round exciting website (I also adore the theme/design), I do not have time to read it completely at the minute though I have saved it and also included your RSS feeds, so whenever I have time I’ll be returning to look over much more. Please do maintain the awesome job.

  15. Appreciating the commitment you put into this blog and comprehensive material you present. It really is wonderful to discover a blogging site occasionally which isn’t the similar expired re-written content. Fantastic read! I’ve bookmarked your site and I’m including your RSS feeds to my bitcoin converter webpage.

  16. I think this is among the most important info for me.
    And i’m glad reading your article. But want to remark on some general things, The web site
    style is ideal, the articles is really nice :
    D. Good job, cheers

  17. When I initially commented I seem to have clicked on the -Notify me when new comments are added- checkbox and from now on whenever
    a comment is added I get 4 emails with the exact same
    comment. Perhaps there is a means you can remove me from
    that service? Thanks!

  18. I was conversing with a buddy of mine about this info and even about ticket dispute as well. I feel you made a lot of good points on this page, we’re looking forward to read more stuff from you.

  19. Thank you for this marvelous article! I quite appreciated it.I’ll ensure that I take note of the page and definitely will come back in the future. I would like to suggest that you keep going with your excellent posts, even talk about real card numbers also, have a superb day!

  20. ANPC is a free nation for and by the living men and women of the earth. This Private Nation is a grassroots association based out of Indonesia having its own International Charter, Peace Treaty, Constitution, Rules of conduct and has adopted the Declaration of Human Rights. These Treaties have been Registered by International Notice to the Hague and World Court as well as other agencies worldwide. The entire goal and mission of ANPC is WORLD PEACE and freedom for all the nationals of the world, focusing on a peaceful gathering together of all tribes and nations. Our living men and women are to live as Peaceful Inhabitants on the land, striving always to create a better world today and for future generations.

Leave a Reply

Your email address will not be published. Required fields are marked *