Coinye West (COINYE)

2014년 도지코인의 성공 직후, 크게 성공할 수 있었던 또 다른 밈코인이 있었습니다.

하지만 카녜 웨스트가 이를 파괴하기 전까지 단 7일밖에 지속되지 못했습니다.

밈코인 역사상 가장 전설적인 법적 패배로부터 배울 수 있는 점은 다음과 같습니다: 🧵 https://t.co/WvWURXg3Y8

Let me set the scene.

January 2014: Dogecoin just went viral as the first "meme coin."

Some anonymous devs thought: "What if we made another one... but with KANYE?"

They created Coinye West - a cartoon Kanye wearing shades as the logo.

But Kanye did NOT like it... https://t.co/30jCD3UBxU

The devs were bold about it.

They literally tweeted at Kanye announcing the coin.

"Hey Kanye, we made a cryptocurrency with your face on it!"

They thought he'd embrace it.

"Kanye loves being a trendsetter, he'll think it's cool."

Biggest miscalculation ever.

January 7, 2014: Emergency launch.

Instead of waiting until Jan 11, they released early.

Dropped the source code and mining software.

Thousands started mining Coinye immediately.

The devs thought: "It's decentralized now. They can't stop it."

But that didn't work out… https://t.co/UauQ5q0ynR

But Kanye didn't care about the rebrand.

January 8, 2014: Full lawsuit filed in Manhattan federal court.

Kanye sued:

- The devs (anonymous)
- Domain registrars
- Hosting providers
- Even AMAZON for web hosting

He wanted EVERYONE involved destroyed. https://t.co/9jqY37AINi

The problem? The devs were anonymous.

Kanye's lawsuit literally said:

"Defendants have cowardly sought to remain anonymous using privacy services."

But his lawyers did expedited discovery.

Started unmasking people one by one.

Found names. Found emails. Found locations.

But here's the craziest part:

The devs admitted to pre-mining.

Despite promising a "fair launch," they secretly reserved 0.37% of supply.

They claimed it was for "legal costs."

Turns out they KNEW Kanye would sue.

And they dumped on everyone when he did.

Why this matters for memecoin traders today:

Coinye had a weak community.

No culture beyond "haha Kanye face."
No grassroots support.
No long-term vision.

When the devs left, the coin died pretty much instantly.

Strong community = Coin longevity https://t.co/rnNd3Vm7iX

Successful memecoins need MORE than a joke:

Dogecoin: Built a tipping culture, funded NASCAR, Olympic teams
BONK: Created launch platform, burns, actual ecosystem
TROLL: Strong meme culture, community-driven narratives

Coinye lacked substance.

Hype fades. Community lasts.

Most people are forever lost in the memecoin trenches.

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