This is too much Internet for one day, guys. You may want to go offline for a bit after this one. After Dogecoin – a cryptocurrency that gained traction after being kicked off as a joke based on a meme – say hello to Coinye West, a virtual currency inspired by rapper Kanye West.
While it may seem like a really bad joke, we assure you this is the real deal. A Twitter account set up for the cryptocurrency has informed that Coinye West is going to launch on January 11.
— Coinye West (@CoinyeWest) December 31, 2013
The website is done up in the style the rapper would be proud of and runs with the catchphrase (We’re putting on our best hip hop accents right now) “We ain’t minin’, we pickin’” and promises “no premine, no screwed up fake “fair” launches, shyster devs, muted channels, and f**ked up wallets”.
Noisey managed to get through to the guys running Coinye and they said, “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. We plan on releasing a front end to the 'mining' programs called CoinyeMiner. 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.” They believe if Bitcoin was for hardcore “money hoarders” and Dogecoin was for the Internet meme crowd, Coinye is for the masses.
Even while the team seems to be prepping the launch, they’re a little worried about how West, pretty well known for his temper, will react to the launch. “We hope he loves it, but if he doesn't, he really isn't someone we want to piss off,” they said. “We chose to represent Kanye because he is and always has been a trendsetter, and he's always keeping things unique. I can picture a future where Coinye is used to buy concert tickets, with cryptographically verified virtual tickets, and other ideas I can't give away just yet.”
Here’s hoping we don’t get to see a Kim Kardashian-inspired currency (ButtCoin?) soon.