Sad news for those hoping to corner the 80's action movie cryptocurrency market.
If you ever decide to invent/invest in a cryptocurrency, it might be best to avoid those that use the likeness of celebrities. First, Kanye West shut down Coinye West, even though the creators claimed they intended to refer to a "half-man-half-fish hybrid who is wearing sunglasses". Now, the Chuck Norris-endorsed "Norris Coin" has received the legal ban hammer because it wasn't actually endorsed by the action star.
"This is a completely unauthorized use of Mr. Norris' name and likeness," Norris' publicist, Jeff Duclos, told Ars Technica. "There is no affiliation. His legal representatives have now intervened and this operation has been shut down."
The coin was set to launch on January 14. While the site has since been taken down, the Internet Wayback Machine provides a helpful archive. There, it advertises that "Chuck Norris doesn't give a fuck about the 10 KnC ASIC miners you stockpile in your parent's basement. He's gonna roundhouse kick you in the face the next time you go buy your XXL Grilled Stuft Burritos from Taco Bell." It sounds like it would have been a good choice for those who prefer their currency masculine and aggressive. While it might have died an early (and totally expected) death, all is not lost for altcoins. After all, Dogecoin's still alive.
Source: Ars Technica