If he had lived, rapper Ol & # 39; Dirty Bastard (nor Russell Tyrone Jones) would have turned 50 last week. Founding member of the Wu-Tang Clan who died in 2004 from drug overdose, O.D.B. he lives in popular imagination through his music and tales of his incorrigible behavior. And now, O.D.B. can live forever in digital form courtesy of a new cryptocurrency, ODBCoin, whose crowdsale begins on December 1st. The currency, officially authorized by the property of O.D.B., will be exchanged on the next AltMarket encrypted exchange. The owners will have access to exclusive still to be announced; profits will go to O.D.B. and fund the hip-hop career of the eldest son of O.D.B, Young Dirty Bastard (or Barson Unique Jones).
BREAKER recently spoke to the CEO of Young Dirty and AltMarket Bryce Weiner about what to expect from ODBCoin and why it is the only cryptocurrency with "soul".
How was the idea of ODBCoin born?
Weiner: Returns to a token launched in 2014 called Coinye, which was a parody of Kanye West. Kanye took the [makers] in court and obtained an injunction against the use of his image and likeness. In reality it was the first time that a court had ever intervened in the operation of a decentralized cryptocurrency. That case constituted the legal basis for being able to create cryptocurrencies officially marked within the sector. And our connection with Young Dirty and O.D.B. the property has just made the next step natural.
Young Dirty, did you know something about the cryptocurrency before this?
Young Dirty: I heard cryptocurrency on the Internet. It was so big when it came out. It's still hard to understand why it's all online. It will change everything you know.
What can ODBCoin be used for?
Weiner: these tokens are essentially like fan members. They are branded products. We call it "fan test". We can say looking at the blockchain how long an individual owned the coins, when they owned them, how much they owned, what transactions they did with that currency. And what allows us to do is create a real mechanism of superfan involvement in which we can say empirically who is the true fan of someone.
And will you be able to get goods and things of that nature with it?
Weiner: At the moment, we are quite in beta in this sense, because we want it to be a surprise once the crowdsale ends. Speaking conceptually, it could be exclusive O.D.B. goods; could get you to Young Dirty to meet and greet. It could potentially be used to gain access to venues instead of ticketing or used as a VIP or backstage pass.
And from what I understand, will this be used to finance Young Dirty's music?
Weiner: Oh, absolutely. This is merchandising, and merchandising profits go to O.D.B. property to reinvest in Young Dirty's career.
Young Dirty, what are you going to do with the proceeds?
Young Dirty: save them and make sure they go for the right quality music. We need to sit down and connect our thoughts and see what we have in the universe. We have great producers like [Wu-Tang Clan’s] RZA with whom we can work
So will you surely work with RZA on your music?
Young Dirty: Oh yes, it's my cousin. It would be what the fans will want. We therefore give fans the opportunity to dream big with us.
How much will an ODBCoin want to start?
Weiner: is a fixed cost of $ 1 per currency. And there is a fixed number of coins. So the only coins that will exist are those coins that are sold between the beginning and the end of the sale [on January 31]and this is all that can ever exist. The intention is that as the O.D.B. the brand grows and, with the increase of tradition, more fans will want to get engaged, in the same way that more fans go out and buy T-shirts and baseball caps when they discover the music and fall in love with it.
What you are describe sounds as a currency for people who may not have experience with cryptocurrency.
Weiner: Oh, it must be. We have implemented Plaid and Stripe [software]and you do not even realize you're using a cryptocurrency exchange. You have the option to pay the currency with bitcoin and Ethereum. You can also use coupons, old dollars, American dollars.
"[O.D.B.] It would have been laughing right now, how, is it true? My name is on a computer inside a computer and is basically building up his conscience. & # 39; "
Is this all built on the Ethereum blockchain?
Weiner: Yup, ODBCoin will be released as ERC-20 on Ethereum. We have an internal blockchain, the Tao Network, but it needs more time to mature with its tokenization system. Right now, Ethereum is really the only game in town. However, in the next 12 months we plan to make the development of the Tao evolve.
Young Dirty, your father lived a rather savage life. What do you think he would do with his cryptocurrency?
Young Dirty: He came so far from being in a good meal and publicizing that lifestyle and keeping it real and raw, that this would blow his head. He was laughing right now, like, "Is that true? My name is on a computer inside a computer and it's basically building up his conscience."
Bryce, will you work with other musicians to create more coins?
Weiner: Oh, absolutely. The whole reason for the launch of AltMarket was to provide an unregulated, unregulated and unregulated cryptocurrency exchange where multimillion-dollar brands can be traded. This type of infrastructure does not exist. What we want to do is provide a platform almost at the scale of a social-media platform, but that looks and operates just like an exchange of cryptocurrency.
Do you already have other musicians in line?
Weiner: Yes, we have absolutely a group of musicians coming. And we have a number of unique events that we are going to put together. My current pet cause is the situation in Flint, Michigan, so we're talking to some Michigan celebrities – and you could probably guess who they could be – and assessing their interest in a three-day concert called Flintstock to raise money for buy a completely new water system for Flint.
So could there be a Kid Rock coin or a Jack White coin or something?
Weiner: I would not presume to speculate at this moment. However, you have the general idea.
A study has shown that over half of the ICOs fail within four months. What makes you think that ODBCoin will be a success?
Weiner: Oh man, I'd like to take this first. And this is really, really, really easy. All the frauds and vaporware that have come out of space are the result of people buying token worthless and without utility. But the only thing you have to use ODBCoin is to love O.D.B. The difference between a listener and a fan is a listener who listens to music and a fan pays you because he wants to know more.
Young Dirty, what do you think can make ODBC a success in a field full of bankruptcies and scams?
Young Dirty: We know this can not be a scam because we have a soul. These other cryptocurrencies, lack the soul.
What do you mean that your cryptocurrency has "soul"?
Young Dirty: when you listen to music, it connects you. It makes you move in a certain way. It makes you vibrate. Here's how the planet works. I have girls who call me now, another soul. Do you know what I'm saying? He could call because he is only attracted to the legacy of hip-hop. He heard my father's music so now he wants to be with me – and probably will have a baby in the future – but it's all about soul. Like James Brown, my friend. Soul Man. Power of the soul.
Are there any cryptocurrencies out there that have a soul?
Young Dirty: At the moment, we are the only one. You can also put it on your sheet.
"None of these cryptocurrencies is real, it's all magic money on the Internet, but Young Dirty is a real boy, you can go and meet him."
So you're predicting that people will be attracted to ODBCoin because of the soul.
Weiner: none of these cryptocurrencies is real. It's all magic money on the internet. But Young Dirty is a real boy, you can go and meet him. We had a stand at L.A. Blockchain Week and Y.D. he showed up for a while and, boyfriend, people went crazy and everyone wanted to talk to him. Even those who did not realize who he was at first approached to see what was going on. It was pure magic. So when we talk about soul, I mean, we've seen it. This is not hype; this is real
What do you think will happen when the currency hits the market?
Weiner: It will take some time before people understand that this is real. They have suffered so many abuses from bad actors that recognizing that something is legitimate could take a minute or two.
Young Dirty: it will take time and we will understand that we are real. We're not one of those people who will cheat you from your money.
Do you think it's a big concern that people might have, that this is a scam?
Young Dirty: I think it's a little like the market. You know, kind of fear. But this is an opportunity to open your heart and not be so afraid and seize the opportunity to trust. Put yourself in touch with your inner self and try to do it, buddy. If you are a true fan of O.D.B., then show it.
What would you say to someone who is trying to get the coin?
Weiner: If you've been sitting on the bench in cryptocurrency, this is your chance to get in the safest way possible, to immerse your finger in the cryptocurrency community. We are trying to engage fans, not the fanatics of cryptocurrency.
Young Dirty: I'll take the coin myself because I'm a fan of the inheritance. I'm definitely a fan of my Pops. It's another way I can learn more about him because people tell me new stories about my father. Everyday. It's so great of an effect it has had on the nation. So I think fans will show up. And they will know who I am, because I am pushing my father's legacy until the end of time.
This interview has been modified and condensed. Images courtesy of AltMarket.