back to article At last, a kosher cryptocurrency: BitCoen

Viacheslav Semenchuk, a Russian entrepreneur, has just launched a cryptocurrency for Jews. Similar in concept to Bitcoin, it is called BitCoen, "the first Kosher cryptocurrency," as described on the company's Russian website. In the US, Coen and its variant Cohen are common surnames in the Jewish community; in Hebrew, they …

So...

does that mean the exchange rate will be 2.6 BitCoens for 1oz of Goldberg?

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What happenned to Scotcoin?

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Anonymous Coward

It got battered.

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And deep-fried

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Your currency is only redeemable in deep-fried Mars bars.

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Joke

Re: Scotcoin

The 50p coin is the shape it is so you can use a spanner to unscrew it from an Aberdonian's hand.

A crappy joke told to me by a Dundonian. Who was far from a spendthrift himself.

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I'm calling april fool (please...??)

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Semenchuk would certainly add credence to your proposition.

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I'm calling april fool (please...??)

2017, the year April 1st lasted forever.

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Re: April 1st lasted forever

2017, the year April 1st started on January 20th, and will last until the Trump is impeached or indicted or starts WW III.

FTFY

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Re: April 1st lasted forever

Unnecessary clarification. The original had all the context required.

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Re: April 1st lasted forever

I perceived no deep context. The original simply said the year has turned out a bit crazy, which is true. That could be understood in a lot of ways.

The "unnecessary clarification" was really another sad thread-hijack, providing a weak-minded hater yet another platform to (supposedly) make fun of the Hated One.

Signal, meet noise.

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Re: I perceived no deep context.

Funny thing, perception.

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I think I will stick with cash and credit cards. Perhaps it is just me but I still do not see the business case for bit coin unless you are trying to perform dark financial operations (and even then it's apparently not quite as dark as you might like it to be). Are they not just the digital equivalent of bearer bonds (only slightly less flexible)? Does the introduction of yet another 'service provider' add anything?

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It all depends whether you trust banks and the governments they're in league with. At the moment, most people do (at least in the west) but as the realization of the global finance racket becomes apparent, I think people will be increasingly likely to look for something that's doesn't require you to trust any institution.

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Pirate

"that's doesn't require you to trust any institution."

Would that be an institution like a cabal of miners? Because it's not like an individual can mine their own Bitcoins any more, so you're either going to have to buy them from a miner, or an exchange, and those I'd both put under the heading of 'institution'.

Oh, and neither of them are likely to take physical cash either, so you're going to need a bank of some sorts.

And if you can manage to find someone who will take your physical cash in return for a BTC (and if you can trust them not to screw you over), why not just use the cash to buy whatever you wanted the BTC for in the first place? At least cash doesn't need electricity and a functioning comms network in order to be used.

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Joke

I would prefer a more enlightened option

BitKōan

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Thumb Up

Re: I would prefer a more enlightened option

BitKōan - very bice.

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Re: I would prefer a more enlightened option

> "BitKōan"

It's a great idea, but how do you explain it to someone?

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Re: I would prefer a more enlightened option

If you have no Bits I will take them from you, if you have Bits I will give them to you.

It is a BitKōan

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" BitCoen would rank at about 115th among the more than 1,000 cryptocurrencies tracked by coinmarketcap.com."

Who knew that there were this many cryptocurrencies? Until the other day I had only every heard of Bitcoin and Etherium. I do think that any man and his dog seems to be creating a new currency and with a relatively small market the fragmentation is not good.

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I do think that any man and his dog seems to be creating a new currency

That would explain Dogecoin

(Very open, Much people, little value)

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Joke

Me too

I just started BitClown, only when I tried to upolad my website I fell into a bucket of whitewash.

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Anonymous Coward

Re: Me too

I would invest but I don't want to end up with pie on my face.

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Anonymous Coward

Re: Me too

Someone bought a car using it ... but all the doors fell off as he drove away.

Anyway, good luck - you'll need it as you've got big boots to fill!

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Re: Me too

You are going straight for the juggler with this one!

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I'm working on Bitcrone

the cryptocurrency for witches. Unfortunately development is a bit slow because it's all being written in hex.

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Re: I'm working on Bitcrone

Why not use the set-up Wizard to help you?

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Devil

Re: I'm working on Bitcrone

Because it's really a Daemon.

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Re: Me too

Someone bought a car using it ... but all the doors fell off as he drove away.

But on the plus side, it seats 60 people! ☺

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Re: Me too

Only for certain values of people.

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Anonymous Coward

"And the main guarantor of stability here is that the keys from the management of the cryptocurrency will be in the hands of the most respected members of the community"

You're doing it wrong.

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Anonymous Coward

Oy! What dreck!

This is shtick dreck! Es klapt mir in kop! I don't mean to kvetch, but this is a zhlob shaygits!

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Re: Oy! What dreck!

It's gantze meshuggeh, that's what it is.

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In a snowdrift, a suitcase of BitCoen is found...

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Does it work on Saturdays?

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Anonymous Coward

Well....

...nothing like perpetuating stereotypes.

Next week BitNazi (yes I went there), because y'know, all Jews are evil money grabbers.

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Anonymous Coward

Re: Well....

That's so last century thinking.

These days they are called the establishment and they come from all races, religions, colours and creeds to shit on the common man while increasing their wealth for absolutely no purpose but to keep themselves and families stinking rich in perpetuity.

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Paris Hilton

WINK

OMG, there're, like, soooo many cryptocurrencies. There's even one based on selfies (https://bitcointalk.org/index.php?topic=2048047.0)

Paris, in lieu of a Kardashian icon

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"hopes to raise as much as $20m through an initial coin offering that aims to sell 100m worth of BitCoen digital tokens to investors"

For anyone not familiar with crypocurrency, this is what is generally referred to as a premining scam. Nothing supports this valuation and you're unlikely to see a return on investment. Anyone can just launch a crypocurrency and if they're already doing things like this you can't trust these developers at all.

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Not kosher at all....

Yes - there is no requirement to compute any hashes here, and no indication of the supply of BitCoen being capped.

I do however have some magic beans if you are interested...

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Re: Not kosher at all....

At least magic beans have some food value. I'd take those over BitCoen.

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Anonymous Coward

Re: Not kosher at all....

I'll swap you a cow for them. Were a bit poor and it's all we have left.

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How orthodox?

Are computational nodes allowed to work on the Sabbath?

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Logo

Coen need a better logo involving two Mr. Spock hand gestures put together. http://www.chabad.org/library/article_cdo/aid/2878949/jewish/Is-the-Vulcan-Salute-a-Jewish-Symbol.htm

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Anonymous Coward

any and all blockchain currencies depend on desperate speculation for launch, and money laundering for success. If those are in, this one and any other will be part of the club. Which, if anyone has noticed, is a wondrous bubble.

It used to be that diamonds were mostly for money laundering. I would assume that their price is coming down (also because of synthetics, but same difference)

prophesy: malware and social exploits targeting specifically blockchain will become more and more common.

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Angel

Mandatory XKCD reference

https://xkcd.com/512/

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This does sound very much like the first page of a Terry Pratchett story....

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BitConan...

...the cryptocurrency for Cimmerians.

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"more than 1,000 cryptocurrencie"

More than 1000 now? and people still haven't figured out they a scam?

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