If you couldn’t get behind Bitcoin, the peer-to-peer digital cryptocurrency that’s as volatile as your weird uncle when he’s 3 glasses of gin deep, perhaps Coinye West is more your style. Like Dogecoin, the digital currency stamped with the glorious face of the Internet’s favorite Shibu Inu, the soon to debut Coinye West is piggybacking off of the success of Bitcoin and creating its very own unregulated currency that they hope Kanye himself will get behind.
“Our goal with Coinye West is to make it easier for people to use cryptocurrency,” the creators told Vice. “Right now, it’s kind of a dark art for people to mine coins.” To mine a Bitcoin, users must have an elaborate computer setup called a “mining rig” that will solve increasingly complicated mathematical problems in order to create new Bitcoins.
Read more: Kanye West Cryptocurrency Coinye West Like Bitcoin | TIME.com http://newsfeed.time.com/2014/01/02/kanye-west-now-has-his-own-cryptocurrency-and-its-called-coinye-west/#ixzz2pMCZHSOL
