Coinye / Kanye – the Death Knell of Bitcoin

This is hilarious. Some new digital cryptocurrency has sprung up, called Coinye, in jest after Kanye West. West’s lawyers are threatening a lawsuit. Click here for an article.

The possible lawsuit is somewhat comical, but there are much broader implications here.

Bitcoin already has competitors, and more are popping up every day. Yes, other people can make digital currencies that will compete. It is similar to the way competing ...

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