Computers - Software Hardware : Coinye West, the Kanye-inspired Bitcoin

Discussion in 'Science and Technology' started by jamesfrmphilly, Jan 3, 2014.

  1. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Jun 18, 2004
    Messages:
    32,009
    Likes Received:
    11,483
    Gender:
    Male
    Occupation:
    retired computer geek
    Location:
    north philly ghetto
    Ratings:
    +13,745
    [​IMG]

    Bitcoin is a new online technology designed as a currency to enable anonymous transactions over the Internet with little or no fees. Bitcoin mining involves pooling together the resources of computers over a network to solve mathematical problems that, theoretically, generate bitcoins as a reward. The software supporting the system is open source, so it has already spawned a number of alternative forms of the technology, such as Ripple, Litecoin and Colored Coins.

    Coinye West, however, might be the first to be modeled after, and take its name from, a celebrity. “We chose Kanye because of his trendsetting abilities and his originality,” the developers of the currency said via email. They declined to identify themselves due to the collaborative and “decentralized” nature of the currency.

    http://www.pcworld.com/article/2083...lternative-for-normal-folk.html#tk.nl_pcwbest
     
  2. Gorilla

    Gorilla Well-Known Member MEMBER

    Country:
    United States
    Joined:
    Jan 31, 2009
    Messages:
    2,479
    Likes Received:
    1,382
    Gender:
    Male
    Ratings:
    +1,399
Loading...