A Bitcoin Competitor Based on Kanye West Coming

01/03/2014
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(Radio.com) Move over, Bitcoin. Get ready for some new competition, and it's based on none less than rap icon/media lightning rod, Kanye West. With Bitcoin leading the current digital currency revolution (where "money" is mined via complex math equations), other similar "cyrptocurrencies" have emerged, including Dogecoin (based on an internet meme) and Ripple. Now, there's yet another form of digital money on the way, and this one rides on the value of the controversial Yeezus rapper.

According to Noisey, the West-based currency comes with the moniker of "Coinye West," and is expected to launch on January 11. "We're really not sure how Kanye is gonna react to this," said the founders of Coinye West, who are keeping their identities secret in case Yeezy is not a fan of their endeavor. "We hope he loves it, but if he doesn't, he really isn't someone we want to piss off.

"We chose to represent Kanye because he is and always has been a trendsetter, and he's always keeping things unique," they added when asked why they chose West instead of another popular rapper, such as Drake or Lil B. "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." more on this story

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Copyright Radio.com/CBS Local - Excerpted here with permission.

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