A new digital cyrptocurrency built on the same source-code as the notoriously volatile Bitcoin will launch later in January.

That in itself is nothing remarkable - many different currencies based on Bitcoin, each with supposed improvements and tweaks - have been launched in recent months.

But this new currency does have one thing on its side: a good pun.

The pun goes something like this: "You know Kanye West? Like that, but a currency. So… Coinye West."

And that's the name. Coinye West will join Dogecoin, named after a faltering meme, as one of the less seriously-named digital currency variants on the market at launch on 11 January.

The aim, its creators say, is to make Bitcoin-style currencies easier to use.

No screwed up fake "fair" launches, shyster devs, muted channels, and f**ked up wallets. We will be releasing password protected, encrypted archives containing the binaries and source for the wallet and daemon BEFORE LAUNCH, with the passwords to be released at the specified time. We will work with multiple pools to orchestrate a PROPER and FAIR release.

In an interview with Vice, the minds behind the currency said they were "not sure" how the real Kanye would react but said they were working hard to make it happen.

"Right now, it's kind of a dark art for people to mine coins. We plan on releasing a front end to the "mining" programs called CoinyeMiner. It will make things a lot more simple and people will be able to make their own coins. We're working round-the-clock to get everything going as smoothly as possible."

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  • 1. 'Imma let you finish,' VMA Awards, 2009

    The world didn't know rage until Kanye West grabbed the microphone away from tiny baby Tayor Swift and, in his inimitable way, said that while he was happy for her achievements, Beyoncé really deserved the award for Best Video. Even Obama called him a jackass afterward, but here's the thing: earlier this year, Kanye spoke to Ryan Seacrest about the incident, admitting that he "would not want some crazy drunk rock star cutting my daughter off." But he also argued that his daughter "would 100 per cent also be like, 'Yes, Beyoncé did have the best video.'" Which, well, she did. So while Kanye’s tactics may not have been wise, he at least cut through the bullshit of industry falsities and spoke honestly about how he felt. That honesty is, of course, being the foundation of why we love Kanye.

  • 2. DONDA's Epic 86-Tweet Announcement, 2012

    One January eve, Kanye West took to Twitter and passionately announced the launch of "Donda," the company he named after his late mother. Promising to "pick up where Steve Jobs left off," West tweeted about everything from clothing to his work on an upcoming Jetsons movie, to the American school system, all as part of his trademark stream of consciousness. And while this "trillion-dollar start-up" has yet to crystallize (as far as we can see), West again succeeded in not only speaking his mind, but believing in himself enough to make grandiose promises. In an era of cynicism and being too cool, Kanye West is the opposite of both. Sure, he may be passionate about himself and his projects, but do any of us believe in ourselves enough to tweet for hours about what we planned on achieving? Probably not -- most of us are worried about tweeting our opinions about movies.

  • 3. @KanyeWest, 2009 - Present

    We'll keep this simple: Kanye West has been quoted, fav'd, and RT'd to high heavens, thanks to gems like "I hate khaki cargo shorts" and "feelings are the only facts." But while his feed appears uncensored as he's Tweeting, it's actually the alternate: despite his legacy of hours-long Twitter rants, only 49 tweets actually remain undeleted, proving West is obviously hyper-aware of cultivating his image – which is more than most Twitter users can say. That, or Kanye isn't interested in preserving the past. And why would he be? Unlike the rest of us, he doesn't need Favstar.

  • 4. "George Bush doesn't care about black people", 2006

    Watch footage of post-Katrina New Orleans and try not to be affected by thousands of citizens trapped, hungry and hurt weeks after it happened. So when Kanye joined Mike Myers for a telethon to raise money, he was frustrated. Obviously. So much so that he claimed George Bush didn't care about black people – and frankly, according to anyone watching the lack of help African-American communities were receiving, he didn't seem too far off. (At least somebody said something.) Which is why, four years later, this came up again...

  • 5. The Matt Lauer Interview, 2010

    Hot on the heels of "My Beautiful Dark Twisted Fantasy," Matt Lauer sat the rapper down to talk about the '06 telethon -- AKA what the President said was "the worst moment of his presidency." That's when Lauer began shaming Kanye, asking him to watch Bush's face while discussing the event, before going on to play a clip of the 2009 VMAs as Kanye was speaking. Understandably, this didn't fly. So instead of going along with the media game, Kanye called Lauer out – politely, but enough that the interview became infamous, and Matt Lauer looked a fool. And who can blame West? In the words of the Internet, no one Matt should have all that Lauer.

  • 6. MTV "Runaway" Performances, 2010 - 2011

    Fans of West knew he was over the top before releasing his 2010 "Dark Twisted" masterpiece, but critics were quick to criticize his antics over his musical contributions up until then. Fortunately, they began changing their tune after West's 2010 and 2011 performances of "Runaway" – a song he performed in front of a minimalist backdrop, and alongside several ballerinas. A little much? Obviously. But Kanye West was determined to establish himself as an artist, not just a rapper – and it worked. Nobody else is on his level: Eminem rapped wearing a parka on SNL this year, for heaven's sake while Kanye delievered another pair of searing multimedia performances with "Black Skinhead" and "New Slaves."

  • 7. Kanye's Radio 1 interview, 2013

    Kanye has never shied away from discussing him or plans for world domination (see: most things he's said, ever), so why would his interview with Radio 1 DJ Zane Lowe be any different? In this case, he talked about being the man behind leather jogging pants, as well as his plans to create a line – and to become – bigger than Wal-Mart. And again, why should that be a bad thing? If you plan on birthing an empire, why not be open about it. Maybe if Kanye had never released a good album before, or hadn't consistently lived up to his hype for a decade, this would be problematic. Instead, he listed his goals – which shouldn't have been a punchline.

  • 8. Jimmy Kimmel Interview, 2013

    Oh, but his BBC interview did become a punchline. Which is why in true late-night style, Jimmy Kimmel aired a sketch portraying the interview line-by-line, with two kids playing West and Lowe. This inspired another Kanye Twitter rant that included the hashtags, #NODISRESPECTTOBENAFFLECK #ALLDISRESPECTTOJIMMYKIMMEL. But instead of starting a war, 'Ye accepted Kimmel's request to appear on the program, where Kimmel apologized, and Kanye explained why he was upset. He then went on to address everything from classicism to his own flare for honesty. Most outlets pegged it as an "epic rant," but in reality, West was really addressing real issues relevant to his career and his reputation. Is he not going to defend himself? And if it wasn't Kanye speaking, wouldn't his "rant" be heralded as some sort of empowerment speech?

  • 9. Music Video for "Bound 2," 2013

    Listen, nobody loves Kanye and Kim like Kanye and Kim do, so at some point, they had to use one of Kanye's videos as an e-card to themselves. It got laughed at, and brilliantly spoofed by Seth Rogan and James Franco, but regardless of its exhibitionist and narcissistic nature it was entertaining – and isn't that what music videos are supposed to be? Early music videos were ridiculous, funny, and self-deprecating. Now we've got glorified short films with no real meaning. At least the meaning here was, "Because we fucking can."

  • 10. Yeezus Meets Jesus, 2013

    Kanye enlisted a white Jesus to appear for a performance of "Jesus Walks" earlier this year. Blasphemy to some (like, well, anybody religious), but in Kanye's defense, he carried on a conversation with the historical figure, and at no point demeaned or disrespected him. Act-ing! Or at the very least, sketch comedy. (Kind of.)

  • Kanye Quotes On Racism and Classism

  • "For me, I'm a creative genius, and there's no other way to word it. I know you're not supposed to say that about yourself, and I say things the wrong way a lot of times. But my intention is always positive."

  • "Creatives have got beat up my entire life. And there's moments where I stood up to drug dealers in Chicago and said, ‘You can't have my publishing. Come and kill me. Do whatever you're gonna do, but you're not gonna bully me. You're not gonna stop me, because my mother told me to believe in myself.’"

  • “There’s no black guy at the end of the runway in Paris in all honesty [Jimmy Kimmel: "What about the Steve Harvey Collection?"] No! There’s no Steve Harvey Collection. No extra buttons on jackets or anything like that.”

  • "If you guys look at the Zane interview, it's really something extremely fearless for someone in my position to do, because most people just bow down to TV...I could care less about any of these cameras, in all honesty. All I care about is my family."

  • “It’s not about racism anymore, it’s classism. Like Paula Deen, she was old school with it. They like, 'we don’t do it like that anymore, that’s racist. We classist now.' Classism is when they try to say, ‘You’re a rapper…your girl is on a reality show so you’re not up here with us. We’re old money.’ It’s snobbery and I’m not into all that snobbery, seriously. All we want to do is to make awesome stuff. All we want is a real shot.”

  • "Don't ask me a question about something you saw in the tabloids. Don't try to antagonize me. Because you know what? It's not safe for you in the zoo. Never think that I'm not from Chicago for one second and think you can walk up and disrespect me and my family constantly."

  • “Media does everything they can to break artists’ spirits and I do everything to break media.”

  • “My grandfather loved Ali ’til he died and my grandmother hated Ali. So ya gonna love me, or ya gonna hate me but I’mma be me.”

  • “I wouldn’t say I’m a rap artist, I’m more of a messenger than a rapper, so when you say rap beef it kind of undermines it.”

  • “I refuse to follow the rules that society has set up and the way that they control people with low self-esteem, with improper information, with branding, with marketing. I refuse to follow those rules. It’s about truth. It’s about information. It’s about awesomeness. And the only luxury is time, time that you spend with your family. That’s the only luxury, so the concept of luxury is improper to me.”

  • Kanye West Photos

  • Givenchy - Arrivals - PFW F/W 2013

    PARIS, FRANCE - MARCH 03: Kim Kardashian and Kanye West attend Givenchy Fall/Winter 2013 Ready-to-Wear show as part of Paris Fashion Week on March 3, 2013 in Paris, France. (Photo by Pascal Le Segretain/Getty Images)

  • Kim Kardashian, Kanye West

    Kim Kardashian and Kanye West arrive at Givenchy's Ready to Wear's Fall-Winter 2013-2014 fashion collection presented Sunday, March 3, 2013 in Paris. (AP Photo/Zacharie Scheurer)

  • "PUNK: Chaos To Couture" Costume Institute Gala

    NEW YORK, NY - MAY 06: Kim Kardashian and Kanye West attend the Costume Institute Gala for the 'PUNK: Chaos to Couture' exhibition at the Metropolitan Museum of Art on May 6, 2013 in New York City. (Photo by Larry Busacca/Getty Images)

  • US-FASHION-MET-COSTUME-GALA

    Kanye West (L) and Kim Kardashian (R) arrive at the Metropolitan Museum of Art's Costume Institute Gala benefit in honor of the museum’s latest exhibit, “Punk: Chaos to Couture.” May 6, 2013 in New York. AFP PHOTO/Timothy A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)

  • "PUNK: Chaos To Couture" Costume Institute Gala

    NEW YORK, NY - MAY 06: Kanye West and Kim Kardashian attend the Costume Institute Gala for the 'PUNK: Chaos to Couture' exhibition at the Metropolitan Museum of Art on May 6, 2013 in New York City. (Photo by Dimitrios Kambouris/Getty Images)

  • "PUNK: Chaos To Couture" Costume Institute Gala

    NEW YORK, NY - MAY 06: Kim Kardashian and Kanye West attend the Costume Institute Gala for the 'PUNK: Chaos to Couture' exhibition at the Metropolitan Museum of Art on May 6, 2013 in New York City. (Photo by Dimitrios Kambouris/Getty Images)

  • "PUNK: Chaos To Couture" Costume Institute Gala

    NEW YORK, NY - MAY 06: Kanye West and Kim Kardashian attend the Costume Institute Gala for the 'PUNK: Chaos to Couture' exhibition at the Metropolitan Museum of Art on May 6, 2013 in New York City. (Photo by Dimitrios Kambouris/Getty Images)

  • Kanye West

    In this Monday, May 7, 2012 photo, Kanye West arrives at the Metropolitan Museum of Art Costume Institute gala benefit, celebrating Elsa Schiaparelli and Miuccia Prada, in New York. West closed the three-day Governors Ball on New York’s Randall’s Island with a set that featured his familiar hits as well as a batch of new, darker tracks from his upcoming album. West kicked off his set Sunday night, June 9, 2013, with the song “Black Skinhead,” with flashing visuals in the background, including the words “not for sale.” He later performed “New Slaves.” Both tracks will appear on “Yeezus,” his sixth album out June 18. (AP Photo/Evan Agostini)

  • Kanye West, Kim Kardashian

    FILE - In this Oct. 22, 2012 file photo Singer Kanye West and girlfriend Kim Kardashian attend Gabrielle's Angel Foundation 2012 Angel Ball cancer research benefit at Cipriani Wall Street in New York. Kanye West can pass down that leather skirt to his future child: He and Kim Kardashian are expecting a daughter. The big reveal of the baby's sex came Sunday night, June 2, 2013 on Kardashian's E! reality show, "Keeping Up With the Kardashians." (Photo by Evan Agostini/Invision/AP, File)

  • Kim Kardashian, Kanye West

    Kim Kardashian and Kanye West attend The Metropolitan Museum of Art's Costume Institute benefit celebrating "PUNK: Chaos to Couture" on Monday, May 6, 2013, in New York. (Photo by Evan Agostini/Invision/AP)

  • Kim Kardashian, Kanye West

    Kim Kardashian, left, and Kanye West attend The Metropolitan Museum of Art's Costume Institute benefit celebrating "PUNK: Chaos to Couture" on Monday, May 6, 2013, in New York. (Photo by Evan Agostini/Invision/AP)

  • Kim Kardashian, Kanye West

    Kim Kardashian and Kanye West attend The Metropolitan Museum of Art's Costume Institute benefit celebrating "PUNK: Chaos to Couture" on Monday, May 6, 2013, in New York. (Photo by Evan Agostini/Invision/AP)

  • Givenchy - Arrivals - PFW F/W 2013

    PARIS, FRANCE - MARCH 03: Kim Kardashian and Kanye West attend Givenchy Fall/Winter 2013 Ready-to-Wear show as part of Paris Fashion Week on March 3, 2013 in Paris, France. (Photo by Pascal Le Segretain/Getty Images)

  • Givenchy - Arrivals - PFW F/W 2013

    PARIS, FRANCE - MARCH 03: Kim Kardashian and Kanye West attend Givenchy Fall/Winter 2013 Ready-to-Wear show as part of Paris Fashion Week on March 3, 2013 in Paris, France. (Photo by Pascal Le Segretain/Getty Images)

  • Givenchy - Front Row - PFW F/W 2013

    PARIS, FRANCE - MARCH 03: Kim Kardashian and Kanye West attend Givenchy Fall/Winter 2013 Ready-to-Wear show as part of Paris Fashion Week on March 3, 2013 in Paris, France. (Photo by Pascal Le Segretain/Getty Images)

  • Givenchy - Front Row - PFW F/W 2013

    PARIS, FRANCE - MARCH 03: Kim Kardashian and Kanye West attend Givenchy Fall/Winter 2013 Ready-to-Wear show as part of Paris Fashion Week on March 3, 2013 in Paris, France. (Photo by Pascal Le Segretain/Getty Images)

  • Givenchy - Front Row - PFW F/W 2013

    PARIS, FRANCE - MARCH 03: Kim Kardashian and Kanye West attend Givenchy Fall/Winter 2013 Ready-to-Wear show as part of Paris Fashion Week on March 3, 2013 in Paris, France. (Photo by Pascal Le Segretain/Getty Images)

  • Samsung Galaxy Note II New York Launch Event

    NEW YORK, NY - OCTOBER 24: Kayne West performs during the Samsung Galaxy Notes II launch at Skylight at Moynihan Station, on October 24, 2012 in New York City. (Photo by 13thWitness/Getty Images for Samsung)

  • Dom Perignon With Alex Dellal, Stavros Niarchos, And Vito Schnabel Celebrate Dom Perignon Luminous Rose

    MIAMI BEACH, FL - DECEMBER 06: Kourtney Kardashian and Kanye West attend the celebration of Dom Perignon Luminous Rose at Wall at W Hotel on December 6, 2012 in Miami Beach, Florida. (Photo by Dimitrios Kambouris/Getty Images for Dom Perignon)

  • Maison Martin Margiela With H&M Global Launch Event - Red Carpet

    NEW YORK, NY - OCTOBER 23: Kanye West attends the Maison Martin Margiela with H&M global launch event at 5 Beekman on October 23, 2012 in New York City. (Photo by Jamie McCarthy/Getty Images for H&M)

  • Maison Martin Margiela With H&M Global Launch Event - Red Carpet

    NEW YORK, NY - OCTOBER 23: Kanye West attends the Maison Martin Margiela with H&M global launch event at 5 Beekman on October 23, 2012 in New York City. (Photo by Jamie McCarthy/Getty Images for H&M)

  • Angel Ball 2012

    NEW YORK, NY - OCTOBER 22: Kanye West and Kim Kardashian attend the Angel Ball 2012 at Cirpiani Wall Street on October 22, 2012 in New York City. (Photo by Steve Mack/Getty Images)

  • Angel Ball 2012

    NEW YORK, NY - OCTOBER 22: Kanye West and Kim Kardashian attend the Angel Ball 2012 at Cirpiani Wall Street on October 22, 2012 in New York City. (Photo by Steve Mack/Getty Images)

  • Angel Ball 2012

    NEW YORK, NY - OCTOBER 22: Kanye West attends the Angel Ball 2012 at Cipriani Wall Street on October 22, 2012 in New York City. (Photo by Steve Mack/Getty Images)

  • Jennifer Lopez, her boyfriend Casper Smart, her daughter Emme, model Baptiste Giabiconi, 2nd right, and Kanye West, right, watch Chanel's ready to wear Spring-Summer 2013 collection, presented in Paris, Tuesday, Oct.2, 2012. (AP Photo/Thibault Camus)

  • Jennifer Lopez, her boyfriend Casper Smart, her daughter Emme, model Baptiste Giabiconi, 2nd right, and Kanye West, right, watch Chanel's ready to wear Spring-Summer 2013 collection, presented in Paris, Tuesday, Oct.2, 2012. (AP Photo/Thibault Camus)

  • MAC & Carine Roitfeld - LE BAL - Paris Fashion Week Womenswear Spring / Summer 2013

    PARIS, FRANCE - OCTOBER 02: Kanye West attends LE BAL hosted by MAC and Carine Roitfeld as part of Paris Fashion Week Spring / Summer 2013 at Hotel Salomon de Rothschild on October 2, 2012 in Paris, France. (Photo by Pascal Le Segretain/Getty Images)

  • MAC & Carine Roitfeld - LE BAL - Paris Fashion Week Womenswear Spring / Summer 2013

    PARIS, FRANCE - OCTOBER 02: Kanye West attends LE BAL hosted by MAC and Carine Roitfeld as part of Paris Fashion Week Spring / Summer 2013 at Hotel Salomon de Rothschild on October 2, 2012 in Paris, France. (Photo by Pascal Le Segretain/Getty Images)

  • Givenchy: Front Row - Paris Fashion Week Womenswear Spring / Summer 2013

    PARIS, FRANCE - SEPTEMBER 30: Sky Ferreira (L) and Kanye West attends the Givenchy Spring / Summer 2013 show as part of Paris Fashion Week on September 30, 2012 in Paris, France. (Photo by Pascal Le Segretain/Getty Images)