August 10, 2017
A kosher cryptocurrency for Jews? Oy vey!
A kosher cryptocurrency for Jews called BitCoen? Is this some type of elaborate troll? Is it a scam? I’m honestly not sure, but the announcement of this new cryptocurrency has received a ton of attention in the Israeli media.
Russian entrepreneur Viacheslav Semenchuk has announced plans for an initial coin offering (ICO) of the world’s first kosher digital currency aimed specifically at Jewish communities across the globe.
The BitСoen, which comes from the Hebrew word ‘priest,’ has been created to simplify payments within Jewish communities, according to Semenchuk. At the same time, BitСoen can be bought by anyone.
Semenchuk said he has invested $500,000 in the project and the new cryptocurrency is based on a separately developed blockchain.
The wide-scale issue of BitCoen tokens is planned for September after the ICO, which hopes to attract up to $20 million. The enterprise launches a preliminary ICO this week for a million dollars to develop the project.
The bit book has already been filled, according to Semenchuk, who didn’t disclose the names of investors.
The businessman said that BitСoen may be accepted at cryptocurrency exchanges after the ICO.
Here’s the website.
If there was ever a story that could be a parody of itself – this is certainly it.
BitСoen will be controlled exclusively by representatives of a Jewish community, who will make a ‘Council of Six.’ The developer said that the council would consist of six respected community leaders from business, politics, finance, technologies, public work, and culture.
The currency will be available for all the trading operations during Shabbat, as the process is automated and doesn’t involve human labor.
What do you folks think?
Should the Daily Stormer buy six million of these BitCoens when/if this is launched?
Should Nazis try to corner the BitCoen market?
Should Nazis create their own cryptocurrency?
If you think Nazis should create their own cryptocurrency, what should it be called?
Name suggestions are welcome! Oy vey!