Re:Kanye West Cryptocurrency Coinye West Like Bitcoin
by gee_totes on Thursday January 02, 2014 @08:03PM
(#7003599)
One of the initial draws of Bitcoin is that there is a fixed amount of BTC available and once it's all mined, it's impossible to anyone to "print more money". But now, with clone currencies like dogecoin and litecoin (and now coinye), it's possible to print more money by simply forking the codebase.
Re:Kanye West Cryptocurrency Coinye West Like Bitcoin
by BlackDeath3 on Thursday January 02, 2014 @05:17PM
(#7002723)
It's all an Idiot Litmus Test.
There are a lot of people who will not get behind Bitcoin for one reason or another (they cannot be bothered to research it, cannot understand it, or just don't buy into the idea), but every Joe Jackass salivates over the prospect of essentially creating money on their PC. They don't have to understand it, they don't even have to care at all about what it is, what it means, what it stands for, its technical merit - all they have to hear is "with Xcoin, you can be a successful miner too!", and that's all that it takes.
The irony tickles me so.
There are a lot of people who will not get behind Bitcoin for one reason or another (they cannot be bothered to research it, cannot understand it, or just don't buy into the idea), but every Joe Jackass salivates over the prospect of essentially creating money on their PC. They don't have to understand it, they don't even have to care at all about what it is, what it means, what it stands for, its technical merit - all they have to hear is "with Xcoin, you can be a successful miner too!", and that's all that it takes.
It's a gold rush.