Last week, we learned of the impending launch of Coinye West, a new Bitcoin-esque cryptocurrency inspired by Kanye West. The people behind Coinye talked about how they hoped to get West on board and how they were happy to send him a big pile of their imaginary play money, but the real Kanye was evidently not amused. As SPIN points out, the Wall Street Journal reports that West’s lawyer Brad Rose has sent the makers of Coinye a cease-and-desist letter, promising to take legal action against any business that would accept the currency. But the people behind Coinye aren’t stopping their plans. They launched the cryptocurrency last night.

A few adjustments: The team behind Coinye has dropped the “West” from the name, turning it into simply Coinye, and they’ve changed their website to one with an Indian domain. They’ve also changed their logo to one that riffs on the South Park “gay fish” spoof of Kanye. Their Twitter remains unchanged, and it is still ridiculous.

Comments (6)
  1. Someone needs to create a Flaming Lips currency: Wayne Coin.

  2. “Given Mr. West’s wide-ranging entrepreneurial accomplishments, consumers are likely to mistakenly believe that Mr. West is the source of your services” goes the letter. I don’t understand the problem? If they were trying to get him on board with it, why’s he so upset? Personally I’d be over the moon if someone named a currency after me and wanted to let me in on their profits.

    • Just because they wanted him to support it doesn’t mean he’s going to, and lawsuits are what happen when people don’t support you doing something in their name. That is why it’s customary to ask first before trying to make headlines, but I promise you, these devs never intended for this thing to actually take off. They made headlines to try and ride the doge-wave replacing a meme with a money grubbing celebrity, premined a good chunk and sold it before people realized what a joke it was and the price plummeted.

  3. Can’t believe they thought this would actually work ¯\_(ツ)_/¯

  4. That icon. RIP my sides

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