Coinye West: THAT'S RIGHT, The Ye' is launching his own currency.
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.
Read more: Kanye West Cryptocurrency Coinye West Like Bitcoin | TIME.com http://newsfeed.time.com/2014/01/02/kanye-west-now-has-his-own-cryptocurrency-and-its-called-coinye-west/#ixzz2pmAkhf4Y
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