Look for the launch of Coinye, a Bitcoin wannabe, to be moved up from the planned January 11, 2014 release date to as soon as 7 PM PST today, January 7. Unless Kanye West ruins the fun and succeeds in suppressing Coinye, that is. The Wall Street Journal reports on his legal foray thus far:
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Lawyers for Kanye West filed cease-and-desist papers against the seven anonymous coders behind Coinye West, a virtual currency that went from chatroom joke to Internet sensation last week.
The legal document, dated Jan. 6, includes an image of Coinye – a cartoon representation of West on a gold medallion. West’s lawyer argues trademark infringement.
“Given Mr. West’s wide-ranging entrepreneurial accomplishments, consumers are likely to mistakenly believe that Mr. West is the source of your services,” wrote Brad Rose, a partner at Pryor Cashman LLP, which has previously worked for West.
Hoping to keep pace with the self-assured, brash West, the techies aren’t backing down.