Coinye West – it will crush Bitcoin.
Bitcoin, the cryptocurrency aiming to become the uncontrolled method of global payment – at least, until the government outlaws it – is about to face serious competition.
Kanye West, the musician and lesser half of Kim Kardashian – Webfest keynote speaker – is launching Coinye West, which aims at making digital currencies more accessible to a less technical audience.
What up homiez!?
According to the web site, CoinyeWest.com :
No screwed up fake “fair” launches, shyster devs, muted channels, and f**ked up wallets. We will be releasing password protected, encrypted archives containing the binaries and source for the wallet and daemon BEFORE LAUNCH, with the passwords to be released at the specified time. We will work with multiple pools to orchestrate a PROPER and FAIR release.
Technical Details:
- Algorithm: Scrypt
- Max Coins: 133,333,333,333
- Block time: 90 Seconds
- Difficulty Re-Target Time: 12 hours
- Block Rewards: 666,666 COYE
- Every 100k blocks, the payout halves
Not sure whether this is a serious attempt at capitalizing on the Bitcoin fame, or a humorous approach to promote a new single or album by Kanye West – either way, it looks interesting.
Launch date of the “Coinye West” is January 11th. Can you dig it?
This post is 100% true!
