People under the age of 25 are too young to be able to afford cynicism - Diogenes the Pseudo Pesky Cynic
NASCENT BITCOIN CHALLENGER Coinye has been stopped in its tracks by rap superstar Kanye West.
Coinye, which had a logo that looked a bit like a fish version of the rapper, launched despite feeling threatened by the existence of Mr Kardashian, but has since had a change of heart, and possibly some legal communiques.
Last week on Wednesday 6 January, the Coinye spoke with the Wall Street Journal, telling the financial rag that it was launching that day to give the public a chance to try it out. At the time the virtual currency was launching early.
"We want to release this to the public before the man can try to crush it," it said. "They'll still come after us, but that's okay."
Kanye West's lawyers were said to be going after Coinye at that stage, and since then they must have made contact.
While yesterday visitors to the website were greeted by the fish-like version of the rapper, today that same webpage is empty. In some cases users are seeing a note that reads, "Coinye is dead. You win, Kanye."
It had made some moves to calm down the rapper's legal team and a note posted online showed it replying to a letter demanding that it cease and desist.
At that time it said that it had made some amends to the website logo, making it less Kanye West and more John West, and had removed some other potentially confusing elements.
"We have now removed any and all references to your client which we feel could mislead someone in to believing that there is in any way a link between the two," it wrote.
"As you can tell from our new community-submitted, updated materials, we make no visual or verbal reference to Kanye West but to a half-man-half-fish hybrid who is wearing sunglasses, again, totally separate from any resemblance to your client."
The Kanye West legal team stepped up the pressure, increasing its legal threats to take on other Coinye related webpages and dismissing suggestions that there were no similarities between the fish coin and the man rapper.
"Defendants have willfully and admittedly traded upon the goodwill and notoriety of Kanye West, one of the most famous entertainers and brand names in the world," said a lawsuit filed in Manhattan and seen by the New York Post.
"Without hesitation, defendants have usurped Mr. West's name and likeness for the sole purpose of propping up the perceived 'value' of the defendants' 'digital coin mine' and its 'cryptocurrency'."
Today, as a range of Coinye related websites have been shuttered, a Reddit discussion said that the developers have dumped their coin collection and "fled the scene". µ
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