Coinye, formerly Coinye West, is an abandoned[1][2][3] scrypt-based cryptocurrency that became embroiled in a trademark infringement lawsuit for using the likeness of American hip hop artist Kanye West as its mascot, despite West having no affiliation with the project.[4][5]The project was abandoned by the original developers following West's filing of a trademark infringement lawsuit against them.[6]Contents 1 2 3 4 5 6 Coinye was originally slated for release on January 11, 2014, but legal pressure prompted David P. McEnery Jr.[7]and his development team to release the source code and mining software on January 7, a few days ahead of schedule.[8]Early press materials promised a proper and fair release, with no pre-allocation of coins.[9]However, later statements from the developers confirmed that approximately 0.37% of the maximum money supply of Coinye had been reserved for the creators of the coin before launch.[10]The developers claimed that this was to cover unexpected legal and development costs.

On January 6, 2014, Kanye West's lawyers sent the development team a cease and desist order on the basis that the then-unreleased currency constituted trademark infringement, unfair competition, cyberpiracy and dilution.[11][12]ethereum cost calculatorIn response to the legal threats, the development team changed the name of the currency from "Coinye West" to "Coinye" and moved to a new domain name.[13]bitcoin-qt user guideBy January 10, 2014, the development team stated that they had removed all references to West but instead "to a half-man-half-fish hybrid," a nod to a South Park episode in which West fails to realize why people are jokingly calling him a "gay fish."[14]raspberry pi bitcoin mining rig

These actions were not sufficient to appease West's legal team and a lawsuit was filed against the creators of the coin, prompting them to sell their Coinye holdings and leave the project.[1]bitcoin cotacaoOn January 14, 2014, a representative of Coinye announced on Reddit that "the developers basically dumped all their coins on the one exchange and left the scene."[1][15]acquistare bitcoin euroCoinye's official site was replaced with text reading "Coinye is dead.ethereum announcement may 25and the original website is now down.bitcoin stealing virusAlthough the creators of the project closed down all official Coinye services and have distanced themselves from the parties they labeled “morons trying to revive this coin,”[17] the peer-to-peer coin network is still operational and a group of volunteers has claimed that they will continue development on the coin.[18]que es hash bitcoin

However, as of May 2015, no updates to the Coinye source code appear to have been released since the original developers' departure.[19]bitcoin in chf wechselnCoinye has been called "defunct" by numerous publications.[20][21][22][23][24]Though the coin's peer-to-peer network is itself still[] functional, Coinye's global block difficulty fell from 78 to 1.012 between January 18, 2014[25] and May 7, 2014,[26] indicating that the network's total processing power fell by roughly 99% during that time.^ a b c ^ ^ ^ ^ ^ ^ /doc/224407868/DOCS-1320734-V1-Permanent-Injunction-on-Consent-David-McEnery ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^The newest successor to Bitcoin is inspired by rapper Kanye West.According to an interview with Noisey, an anonymous cabal of anarcho-financiers are preparing to release a "cryptocurrency for the masses" called Coinye West.

, promises a "PROPER and FAIR" currency launch on 11 January, with a script-based algorithm that will "[fire] shots at bitcoin".Yet despite its name, the project has no actual affiliation with Kanye West.In fact, the anonymous creators are nervous he could try to shut them down."Kanye ... is and always has been a trendsetter, and he's always keeping things unique," they wrote in an email interview with Noisey."[Still,] we're really not sure how Kanye is gonna react to this.We hope he loves it, but if he doesn't, he really isn't someone we want to piss off."Accordingly, they have offered the rapper 100,000 Coinye if he contacts them before their launch.Click here to watch Bitcoin's success has inspired a slew of alternative currencies that claim to improve upon the principles of their progenitor.Some of these, like Litecoin, are serious projects with market-caps of hundreds of millions of pounds.Others, like Dogecoin, seem like blips of meme-inspired fun.Coinye West's creators deny that it's a joke, asserting that they hope to win the confidence of the masses.

"Bitcoin is for hardcore money-hoarders, and dogecoin was more for the internet-meme crowds," they said."Our goal with Coinye West is to make it easier for people to use cryptocurrency."In December, the Spice Girls' Mel B became the first well-known artist to sell her music using Bitcoins.Snoop Dogg has also expressed an interest in using the currency for future releases.Coinye's creators plan to court the music crowd too: "I can picture a future where Coinye is used to buy concert tickets, with cryptographically verified virtual tickets," they wrote."Bitcoin started small too, and now look where it's at."NewsKanye West album Bitcoin scam loses price-hiking HIV drug boss Martin Shkreli more than £10 millionShkreli gained notoriety when he hiked the price up of a life-saving HIV drug, making it almost impossible for sufferers to afford it A controversial pharmaceutical boss has fallen victim to an online scam, losing more than £10 million on a fake Kanye West album.Martin Shkreli gained notoriety when he hiked the price up of a life-saving HIV drug, making it almost impossible for sufferers to afford it.

The financier bought the rights to Daraprim for £35.5m then changed the price of each pill from £8.70 per tablet to £484.And now the 32-year-old has been dealt a blow where it hurts, as he was scammed out of more than £10m by an internet con artist.He claims he was contacted by someone called Daquan, pretending to represent Kanye West, who offered him the rights to the rapper's new album The Life of Pablo.Shkreli says he handed over $15 million (£10.4m) worth of internet currency Bitcoin - around 37,000 of the online cash.But his latest venture came crashing down when he realised he'd been conned, and was left out of pocket and without the coveted recording.Read more: Most hated American Martin Shkreli who hiked AIDS drug costs overnight is arrested Shkreli took to his Twitter account to complain about the incident, which he called the worst day of his life.He wrote: "Who the f*** has my fifteen million dollars??I need my money back this isn't a f****** joke."This is the worst day of my life.