Coinye West
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Ok. I’ve spent the 10 minutes I didn’t want to spend on this reading everything.
It’s being built by a racist bigot who doesn’t seem to understand the basics of how crypto-currencies actually work. He’s pre-mining a crap-ton of the coins, and he’s getting nastygrams from lawyers.
And the even bigger idiots think Kanye is somehow evil or stupid for protecting his brand from this train-wreck of a publicity stunt gone horribly wrong.
Nothing to see here, folks. Just a monkey doing it to a football.
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[quote name=“Kevlar” post=“50514” timestamp=“1389120325”]
Ok. I’ve spent the 10 minutes I didn’t want to spend on this reading everything.It’s being built by a racist bigot who doesn’t seem to understand the basics of how crypto-currencies actually work. He’s pre-mining a crap-ton of the coins, and he’s getting nastygrams from lawyers.
And the even bigger idiots think Kanye is somehow evil or stupid for protecting his brand from this train-wreck of a publicity stunt gone horribly wrong.
Nothing to see here, folks. Just a monkey doing it to a football.
[/quote]And, apparently, according to someone tracing down the site’s IP information they’ve traced it to BigVern of Cryptsy in some way.
EDIT: Sources, you say?! SOURCES. WE DON’T NEED NO STINKIN-yeah okay I better show that before BigVern starts trying to hit people talking about it with some defamation thing:
[url=http://www.reddit.com/r/CryptoCurrency/comments/1ujgm4/coinye_west_the_brainchild_of_bigvern_of_cryptsy/]http://www.reddit.com/r/CryptoCurrency/comments/1ujgm4/coinye_west_the_brainchild_of_bigvern_of_cryptsy/[/url]
And Cryptsy [i]is[/i] going to be one of the exchanges that’ll list this dog. The same Cryptsy that’s told every other coin (including DOGE, MOON and every other recent release) to reach a minimum network hashrate so that they won’t fall victim to a 51% attack.
This whole thing is just too bizarre. Surely people aren’t going to risk their reputations by indulging this for a slight chance of a quick cashout and leave everyone else holding the bag. Right?
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The evidence is purely circumstantial. The IP in question is a CloudFlare IP. There’s about equal chance that the Feathercoin forum may at one time be served up through that IP… and then you’d say it was Bushy.
Sorry, not buying it.
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[quote name=“Kevlar” post=“50287” timestamp=“1389034756”]
If you think a novelty coin is going to be hyped forever, you’re going to find yourself holding some worthless crap.
[/quote]Right, that meme dollar bit me in the ass with all that hype like, “USA! USA!”, “Never forget!”, “Change!”, etc. Now I’m a fricken bagholder of USD, but I’m trying to dump it on people on BTC-e at a good price.
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[quote name=“Kevlar” post=“50287” timestamp=“1389034756”]
In the mean time, let the people experiment. These projects are valuable because they push the limits of the technology,
[/quote]And marketing. Now someone has to top the COYE intro and do it without changing logos (you know, point out what COYE did wrong and how you’re going to do it right) and release date.
BTW, Coinye West is going to be a great coin and all, [b]but BeyonceCoin had the best releases of the year yall![/b]
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“Due to legal pressure”
they already launched, wonder where this is going.On their website they listed a decent amount of pools.
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This was horrible. After all that hype they blow the release, have a dead link to their client for hours (unless you visit their twitter site), client takes forever to load … yet there are some big rigs on the pool I’m mining on. I went from getting 300,000 to 50,000 / day real quick and I expect that to continue dropping as the morning rolls into America. :-\
I’m going to dump this stuff harder than Kim dumped Humphries in that fake ass marriage.
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[url=http://blogs.wsj.com/digits/2014/01/07/kanyes-lawyer-moves-to-block-coinye/]http://blogs.wsj.com/digits/2014/01/07/kanyes-lawyer-moves-to-block-coinye/[/url]
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[quote name=“Kevlar” post=“50514” timestamp=“1389120325”]
He’s pre-mining a crap-ton of the coins
[/quote]Where is the info about a pre-mine?
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Reddit:
[url=http://www.reddit.com/r/coinyewest/comments/1uok4u/fair_launch_my_ass_this_coin_is_premined/]http://www.reddit.com/r/coinyewest/comments/1uok4u/fair_launch_my_ass_this_coin_is_premined/[/url] -
[quote name=“sheepson” post=“50703” timestamp=“1389184451”]
Reddit:
[url=http://www.reddit.com/r/coinyewest/comments/1uok4u/fair_launch_my_ass_this_coin_is_premined/]http://www.reddit.com/r/coinyewest/comments/1uok4u/fair_launch_my_ass_this_coin_is_premined/[/url]
[/quote]thanks