TWO CELEBRITIES have waxed financial about their experiences with virtual currencies.
In one corner we have UK pop star Lily Allen, who five years ago turned down a reasonably well paid gig in Second Life paid in Bitcoin. In the other corner is hip hop rapper Kanye West, who apparently is not keen on having his name associated with a virtual currency upstart.
On Twitter, Lily Allen rued the day that she turned down Bitcoin payment for a virtual gig in Second Life. Although presumably she has made decent money in her career she realised this week, after Bitcoin's value rose again to more than $1,000, that she lost out.
"About [five] years ago someone asked me to stream a gig live on Second Life for hundreds of [thousands] of Bitcoins, 'as if' I said. #idiot #idiot" she wrote in a message on Twitter.
Kanye West, whose music recordings make money like the Royal Mint, has sicced his lawyers on an outfit called Coinye that promises to develop a new kind of virtual currency, one with rap star swagger.
The Coinye people don't have any association with the rapper other than some contact with his lawyers, and although they pushed ahead with their launch they have now dropped West from association with their currency.
The virtual currency Coinye will launch today. On its website is a crude drawing of a Kanye West fish hybrid, and the note that a legal complaint has brought its release forward.
"No screwed up fake 'fair' launches, shyster devs, muted channels, and f**ked up wallets. We will be releasing password protected, encrypted archives containing the binaries and source for the wallet and daemon BEFORE LAUNCH, with the passwords to be released at the specified time. We will work with multiple pools to orchestrate a PROPER and FAIR release," it said. "We are being attacked with fishsticks and must launch sooner. Jan 7th".
In a chat with the Wall Street Journal, the people behind Coinye said that they expect more legal attention, but will push forward all the same.
"We want to release this to the public before the man can try to crush it," they said. "They'll still come after us, but that's OK." µ
Plus the cost of ambition as moonshots eat into the coffers
Spoiler alert: it's probably VeriSign
Did we say cuts off? We meant traps them inside their own home