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Kanye West Is Getting His Very Own Bitcoin-Like Digital Currency

By / 01.03.14

coinye

Back when Dick Clark looked 2,012 years old, not 2,011 years old, I made a New Year’s resolution that until now I’ve kept quiet. It was: to never learn what the hell Bitcoins are, and to this day, I’ve kept that promise to myself. I’m not even going to do research now that Kanye West’s involved. ESPECIALLY because Kanye’s involved. Via Coinye West, which is exactly what it sounds like:

DROPPING JANUARY 11, 2014. 11 PM EST. No screwed up fake “fair” launches, shyster devs, muted channels, and f**ked up wallets. We will be releasing password protected, encrypted archives containing the binaries and source for the wallet and daemon BEFORE LAUNCH, with the passwords to be released at the specified time. We will work with multiple pools to orchestrate a PROPER and FAIR release.

Internet Relay chat is in irc.freenode.net #coinyewest

Technical Details:

Algorithm: Scrypt
Max Coins: 66,666,666,666
Block time: 90 Seconds
Difficulty Re-Target Time: 12 hours
Block Rewards: 666,666 COYE
Every 100k blocks, the payout halves (Via)

Uh-huh. Coinye’s creators told Vice, “Our goal with Coinye West is to make it easier for people to use cryptocurrency. Right now, it’s kind of a dark art for people to mine coins.” Things are gonna get even darker when in 2041, the Kardashian Empire takes over the country and replaces Ben Franklin’s face on the $100 bill with Kim’s. Meanwhile, Kourtney might get on the nickel. MAYBE.

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(Via Coinye West)


TOPICS#Kanye West
TAGSbitcoinCOINYE

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