Update: CoinYe has launched early. After an unhappy Kanye sought legal remedies to stop it from happening, an announcement posted by Coinye West’s creators on the Bitcoin Talk Forum explained the hasty launch was “due to legal pressure”—also known as a cease and desist letter (PDF) from Kanye’s lawyers - Motherboard
Cryptocurrency - the namesake given to online-based forms of payment like Bitcoin - had a 2013 that went up and down more vigorously than Justin Bieber riding cowgirl in a South American brothel. This was the year Bitcoin went beyond the bedrooms of Silk Road proficient teenagers and into the dining-room discussions of proper, grown adult drug-addicts. The value of one single Bitcoin rose from under $100 to almost $1000, before losing 50% of its worth after the Chinese government effectively outlawed it.
Bitcoin isn’t the only hard-to-get-your-head-around currency out there. At least five other notable cryptocurrencies exist: Ripple, Litecoin, Peercoin and Namecoin all rep non-tangible cash flow. And then there’s Dogecoin, the hyper-extension of an internet meme made into a decentralised currency ruled by a stupid dog.
Since a Shiba with a limited vocabulary can have their own a coin, the opportunities for variations are as endless and ludicrous as the idea of Lil Wayne opening his own theme park. The newest iteration, CoinYe West, is evident of how the lunacy can stretch.
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