it's all about the bitcoin baby

Kanye’s Lawyers to Coinye West Creators: Knock It Off

Infringement, schminfringement! (via coinyewest.com)

Hate to say we told you so! A mere five days after we first reported on the Kanye West-inspired cryptocurrency, Mr. West’s lawyers have sent Coinye West’s creators a cease and desist letter.

And why wouldn’t they? Coinye West, which doesn’t launch until Jan. 11, uses the rapper’s likeness and a play on his name as its main means of promotion. The creators must have seen it coming, as they chose to stay anonymous in all press coverage.  Read More

it's all about the bitcoin baby

A Kanye West-Inspired Cryptocurrency Exists Now

Infringement, schminfringement! (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.  Read More

Cryptocurrency

Will Work for Bitcoin Coder Says Most People Just Using It as an Investment Vehicle

Nick Carlson, Bitcoin-aire.

Colorado-based developer Nick Carlson came to our attention when he was mentioned in a splashy story about the Bitcoin project, an initiative in which savvy techies trade for goods and services using an unregulated, standardized digital currency. Mr. Carlson has been curious about Bitcoins since he read about them in April and realized that “the mathematical principles behind the currency were sound.” He bought some Bitcoins through a private transaction on Reddit.

Barring legal intervention, Mr. Carlson told Betabeat, Bitcoins are a viable currency. But most people are not using them for commerce, he said–they’re trading them to make money. So five days ago he decided to do an experiment to see how Bitcoin stands up to the dollar. Read More