By Scott T. Sterling
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.”
The minds behind Coinye West are so eager to get on the rapper’s good side that they’ve made him a potentially lucrative offer to get on board and not make them a topic of one of his infamous “rants.”
“We’re making an open invitation to Kanye: Get hold of us at coinyewest.com and we’ll send you 100,000 COINYE on launch,” they said. “A hundred thousand. Bitcoin started small too, and now look where it’s at.”