When we talk about Crypto-Projects, we often talk about the ones that are in the wind, those we believe have a future. But more often then we want to admit to ourselves – projects fail, and crypto-currency projects often fail miserably when they do.
Bittrex, a long standing crypto-currency exchange regularly send out newsletters to their customers with updates, usually coins being listed or de-listed, the last part means that investors is on the edge of losing everything he put into the investment – the coin is dead – blockchain broken.
For it is not only risk of volatility that is at stake in Crypto-Currency investments, but also the very technical aspect of it. A Blockchain can be compared to train-tracks that needs to be maintained, when nobody maintains them – they break, and the train, or transactions get off the right chain and into multiple forks – a digital spaghetti that is almost impossible to fix without causing more damage.
This week, Bittrex sent out a newsletter listing the following coins to be delisted, not because they did not have good ideas, great graphics or hype from their respective communities – but simply because they are technically broke which means that the following coins are worthless.
The following wallets will be removed due to broken block chains. These coins cannot be withdrawn.