Kanye West Now Has His Own Cryptocurrency and It’s Called Coinye West

"We ain't minin, we pickin"

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https://twitter.com/CoinyeWest/status/418000327787302913

If you couldn’t get behind Bitcoin, the peer-to-peer digital cryptocurrency that’s as volatile as your weird uncle when he’s 3 glasses of gin deep, perhaps Coinye West is more your style. Like Dogecoin, the digital currency stamped with the glorious face of the Internet’s favorite Shibu Inu, the soon to debut Coinye West is piggybacking off of the success of Bitcoin and creating its very own unregulated currency that they hope Kanye himself will get behind.

“Our goal with Coinye West is to make it easier for people to use cryptocurrency,” the creators told Vice. “Right now, it’s kind of a dark art for people to mine coins.” To mine a Bitcoin, users must have an elaborate computer setup called a “mining rig” that will solve increasingly complicated mathematical problems in order to create new Bitcoins.

“We plan on releasing a front end to the ‘mining’ programs called CoinyeMiner,” the creators added. “It will make things a lot more simple and people will be able to make their own coins. We’re working round-the-clock to get everything going as smoothly as possible.”

Coinye’s creators say it’s a more mainstream cryptocurrency than Dogecoin or Bitcoin and they’re hoping it can be used to buy concert tickets, among other things.

Coinye West debuts January 11. Meanwhile, we eagerly await the creation of KimKoin.

8 comments
AndreiRotariu
AndreiRotariu

BEWARE!!! This is a blatant scam. It is run by a music company that has pre=mined coins and admitted to it. They also where caught amending the total supply figure by twitter users. COMPLETE AND UTTER SCAM! Dont touch it, these people will get put into prison for this.

bford
bford

DO NOT get involved in this until the day you see Kanye insisting on getting paid by concert promoters, his record company, ASCAP, etc. etc. in this KanyeCoin.  


You can bet your sweet a** that Kanye will only be taking the almighty dollar, or straight gold. He may be a pompous self-inflated egomaniac, but he's not stupid. With this latest gambit though, he's just counting on the stupidity of his audience and fans.

raccman
raccman

Ghetto Trash and a blithering imbecile to boot ! 

PeterWatson
PeterWatson

It will never be taken seriously just like 90% of the crypto currency available and will fade into oblivion.

newms87
newms87

boo... this is a terrible idea haha. Guaranteed to lose your money!