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There's Kanye West-Themed Crypto-Currency On the Way

Posted by samzenpus on from the yo-bitcoin-imma-let-you-be-spent-but-coinye-is-the-best-crypto-currency-of-all-time dept.

Nerval's Lobster writes "A bunch of anonymous developers are working on 'Coinye West,' a crypto-currency named after rapper Kanye West. Coinye West isn't an official production of Kanye West, and the developers are staying anonymous because they probably fear the inevitable copyright lawsuits. (Of course, if the currency hits the online market and proves a success, it's always possible the real Kanye West would drop any suit in exchange for a massive amount of Coinye West coins—every hip-hop artist on the planet might claim to drive a Maybach, but how many can claim a currency?) 'DROPPING JANUARY 11, 2014. 11 PM EST,' read a note on Coinyewest.com. 'No premine, no screwed up fake "fair" launches, shyster devs, muted channels, and f**ked up wallets,' it helpfully added. 'We will be releasing password protected, encrypted archives containing binaries and source for the wallet and daemon BEFORE LAUNCH, with the passwords to be released at the specified time.' Just to emphasize the supposed fairness of this particular crypto-currency, the note repeated: 'We will work with multiple pools to orchestrate a PROPER and FAIR release.' A chat room is available at irc.freenode.net. Technical details for the crypto-currency include: Algorithm: Scrypt; max Coins: 133,333,333,333; block time: 90 seconds; difficulty Re-Target Time: 12 hours; block Rewards: 666,666 COYE; every 100k blocks, the payout halves. In the future, will every major celebrity will have a crypto-currency named after him or her? And how long until Jay-Z decides to launch something similar?"

4 of 237 comments (clear)

  1. Yo Bitcoin by mysidia · · Score: 5, Funny

    Yo Bitcoin, I'm really happy for you, I'ma let you finish, but Kanye had one of the best Cryptocurrences of all time! One of the best cryptocurrencies of all time!

  2. Kanye West? Jay-Z? by Anonymous Coward · · Score: 5, Funny

    And how long until Jay-Z decides to launch something similar?

    Who the fuck cares? I'll take 50 cents any day of the week.

  3. Re:Good grief... by QilessQi · · Score: 4, Funny

    No. They're relaunching it as SnoopDogeCoin. Or maybe SnoopDogeDogeCoin. Unless they were SnoopLyin'.

    --
    Koans and fables for the software engineer
  4. Re:Good grief... by drkim · · Score: 3, Funny

    Yo, Kanye! I'm really happy for you... I'ma let you finish... but the U.S. Dollar is one of the best currencies of all time!

    One of the best currencies OF ALL TIME!