it's all about the bitcoin baby

A Kanye West-Inspired Cryptocurrency Exists Now

"Hurry up with my damn cease and desist letter." - Kanye, we think.

(via coinyewest.com)

(via coinyewest.com)

Happy New Year! Did you think maybe in 2014 Internet people would cut the shit and stop hurtling bags of money into a funeral pyre of pretend pop culture currencies like dogecoin? Too bad! Coinye West is a thing now.

In case you still haven’t closed this tab, allow us to explain. You can now get your cryptocurrency, a thing that is allegedly real despite being underlined in red like a typo when you write about it, virtually stamped with Kanye West’s likeness. 

It’s not affiliated with Kanye in any way, so his lawyers are probably on the phone now telling the kooks who created it to knock it off (and learn how to spell his name while they’re at it). The creators took to Vice for an interview, where they asserted that Coinye West is “a cryptocurrency for the masses.”

“Bitcoin is for hardcore money-hoarders,” the anonymous founders said, “and Dogecoin was more for the internet-meme crowds.” 

Guess Coinye is for hardcore money-burners? The creators will be giving some Coinye away to users when they launch on Jan. 11, and they’ve already got a website up and running, complete with Mr. West’s likeness and one of his music videos serving as wallpaper. 

We hope people who want to invest in Coinye will keep in mind the Christmas Day dogecoin debacle, when hackers swiped about $12,360 in dogecoin. If you’re really looking to throw your money away on something Kanye related, maybe consider these Kim Kardashian-endorsed diet pills instead?

Follow Molly Mulshine on Twitter or via RSS. mmulshine@observer.com