CoinYe West is the name of a new virtual currency slated to launch later this month, a recent Noisey article reports.
Based on the open source foundation offered by the popular industry leader Bitcoin, CoinYe West will utilize the same basic model of “mining for currency.”
“Our goal with Coinye West is to make it easier for people to use cryptocurrency,” the founders said. “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.”
In their email interview with Noisey, the founders of CoinYe explain the general mining process that many cryptocurrencies are based on. “Basically, people’s computers try and figure out math problems,” they said. “Hundreds of them work together and when there’s a payout, about half a million coins get released from a block, and they get shared between everyone who helped open them. They then get paid out to a wallet, which is a software that people will keep on their computer. They can send or receive coins from there, sorta like Paypal.”
Bitcoins, the currency model on which CoinYe is based, are currently worth slightly more than $800 apiece as per the currency calculator Preev.com.
The CoinYe founders also pitched the mainstream appeal of their new currency, which is scheduled to launch on January 11. “Coinye West is a cryptocurrency for the masses,” they said. “Bitcoin is for hardcore money-hoarders, and Dogecoin was more for the internet-meme crowds.”
CoinYe West isn’t the first Bitcoin alternative, other examples include Namecoin, Litecoin, and PPCoin. Dogecoin, the currency descibed by the CoinYe founders, is a cryptocurrency referencing a popular Internet meme.
The CoinYe founders, who chose to remain anonymous in the Noisey interview, explained their rapper derived name. “We chose to represent Kanye because he is and always has been a trendsetter, and he’s always keeping things unique,” they said.
“We’re really not sure how Kanye is gonna react to this,” the currency’s creators added. “We hope he loves it, but if he doesn’t, he really isn’t someone we want to piss off.” The founders also invited the rapper to get involved with a promise of free currency. “We’re making an open invitation to Kanye,” they wrote, “get hold of us at coinyewest.com and we’ll send you 100,000 COINYE on launch.”
The currency’s website features a countdown to launch and uses portions of West’s “Black Skinhead” video as a background.
lawsuits will happen.
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damn they got that kinda dough???
Dat awesume
http://i1.ytimg.com/vi/jQiJzYB9PqY/mqdefault.jpg
http://instagram.com/p/fwRgj-rFK4/
http://www.youtube.com/watch?v=lKLTjaJzEkU
http://www.youtube.com/watch?v=epP7i7unWdU
Law suit in 3…2…1…
I want some Sonic the Hedgehog coins
I’LL STICK WITH DOGECOIN THANKS
NOBODY’S GONNA BE MINING KANYCOIN OR WHATEVER THE FUCK, IT’S GONNA GIVE PEOPLE VIRUSES AND MAKE THEY CHEEKS GET ALL PUFFY AND WEAR FAGGOT SHIRTS
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http://www.youtube.com/watch?v=rf6iHwKJrrk
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http://www.youtube.com/watch?v=sg_PnthXV64
god dam it u mother fucker, 666 demon mask running at ya devil creeper
Kanye Kardashian is taking over the world, soon him & Drake will be the most powerful gay couple on earth.
tell u whats going on ppl playing wegee boards, playing with certian old ones left over by demons.got ppl running around crazy.look out window see devil mask.bam or beyonce playing with demon boards thats one reasons why their running.creeping around see mother sicker out he dawn of nite
ppl creeping around find demon or alian books out the mother
http://www.youtube.com/watch?v=jqk8PZZS20g
son of bitches trying bring back crazy demons
http://www.youtube.com/watch?v=Fx85UGHHKMw
go to childran cemerty see ppl jump rpaping with devi mask on in woods out the bitchen
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http://www.youtube.com/watch?v=ueocgcXDt-E
Why the FUCK does hhdx remove SO MANY comments!? Pussy ass bitches
Because they were all nonsensical spam comments, most of them were just someone hitting a bunch of letters on the keyboard
heard bunch mother fuckers went to area 51 while ago, peeked in side some how. had weird planes in side trying to scare ppl make em think its ufos.fuckers found out fallowed em home wth alian mask trying to scare em.fuckers caugt one of them throw em on floor.rip mask rite out , out the mother.fuckers flying around in sky trying to contact certian thngs.
making crop circles tellin em to land their out the sicker
http://i1.ytimg.com/vi_webp/G7Zi5i94rzs/mqdefault.webp
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those trips nasa makes to moon ant no joy ride mother fuckers looking for alians
if they are ones their trying stay away, mother fuckers keep trying contact them well…
http://www.youtube.com/watch?v=YmHziduwBgI
busta rhymes got snatched out his fire it up car, snatch bag trick treat
the dog wisperer, snoop dmx
bet the croc hunter was friends with wild boys
jim jones fly high balling red meth show trying lil to hard to dunk. mya moving on vid
ashanti standing front house danceing happy video, the gate
8iy8yjuhkji
my buddy’s mother-in-law makes $63 an hour on the internet. She has been laid off for six months but last month her income was $15702 just working on the internet for a few hours. check here,,,,,,,,,,,, http://x.co/3XtiE
kill that bitch cassie
why is that bitch cassie singing to me
fucking mad tricks one after another fucking crazy puzzles
get this shit outta here
the fuck is this shit lol
the fuck u gotta think 9 times over
mother fucker got jason mask on hes fucking jason
trying to wu tang mother fuckers
35 years old dong same shit
fucking 3 year olds
dtomp that bitch cassies head to fucking hell death
none stop fucking omg
the fuck is this shit
http://www.youtube.com/watch?v=i2qXhbRTidM
jay z do song by beach one more time i fucking dare u
omg i fucking dare u
ill fucking grab your soul fucking eat u
matter fact do one more song
i dare u
http://www.youtube.com/watch?v=gKHepSBsumw
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keep playing games
and ill kill my mom and u
put her hed on chase randomn ppl u no wat u did
its after mid nite
til I looked at the paycheck saying $9401, I be certain …that…my friends brother was like actually taking home money part-time on-line.. there moms best frend has been doing this less than 17 months and recently paid the debts on their house and bourt a great Jaguar XJ. visit this website… http://www.Fb39.Com
.it plays into bigger picture of keeping EVERYONE DOWN by taking away alternative sources of revenue, so that we all stay poor and can never resist the power structure.
http://i1.ytimg.com/vi_webp/P4GWOQPtD88/default.webp
just like kanye it really aint worth shit
Its actually going to be wild because the hype i sso crazy that if you arent ready, you are going to miss a big money opportunity. Its going to be WILD.
http://www.buycoinye.com/6-steps-making-money-coinye-web-currencies-coye-coinye/