Check out the Kanye West-inspired answer to BitCoin, CoinYe West

2013 was the year that BitCoin went from the skeezy, back-alley Internet's payment method of choice to a legitimate presence in talks about world currency. In spite of that cryptocurrency's boom and subsequent bust (BitCoin took a major hit when the payment method was essentially outlawed by China), it appears other people want to get in on the algorythmically controlled action.

As always happens when a complex product goes mainstream, there are already a handful of crappy imitators. That's the only explanation I can figure for the punny ready-to-lauch cryptocurrency, CoinYe West. Yes, they really want you to invest in a currency playing on the name of the man behind Yeezus.

In an interview with Noisey, the CoinYe founders revealed the thought process behind their name and a bit of how they expect their currency to work.

"Coinye West is a cryptocurrency for the masses. Bitcoin is for hardcore money-hoarders, and Dogecoin was more for the internet-meme crowds...Our goal with Coinye West is to make it easier for people to use cryptocurrusency," the developers wrote anonymously (they fear West's reaction to the new currency might be negative).

As for why they chose Kanye beyond the pun potential, CoinYe backers had this to say:

"We chose to represent Kanye because he is and always has been a trendsetter, and he's always keeping things unique...I think he's gonna love that there's a CURRENCY named in his honor "