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The creator of & # 39; Baicoin & # 39; Strikes Oscar Mayer With Cease-Power Letter

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"Hands of My Bacoin." That's the message of a 27-year-old computer scientist for Oscar Mayer.

When Oscar Mayer launched what he called "the only authority to help bacon in tomorrow's future – by creating a currency today," they failed to acknowledge that Kirk Steele had created a cryptocurrency in 2014 called Bacoin designed to be redeemed for slices of bacon, just as the Bacoin Oscar Mayer is supposed to work.

A YouTube video by Oscar Mayer attributes the creation of Bacon to a "Keith Sizzle".


It remains to be seen if Steele has a case against the food giant.

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On Monday, Steele sent a message to HelloWorld, the administrator of Bacoin's promotion, asking Oscar Mayer to remove the Bacoin endorsements as it is an unauthorized use of his protected work.

"Your work titled Oscar Mayer Bacoin is essentially identical to the work and clearly used the work as a basis," noted Steele in his April 30 letter. He asked the company to stop and quit his business. If an action is not undertaken within five days of the letter, he said that he would take appropriate legal action.

"My work has been accessible to the public since 2014 and it is a direct violation of my ideas and their implementation," tweeted Steele.

Steele told Motherboard that he was particularly upset by the fact that Oscar Mayer's promotion was conceived as a gag order. The press release calls cryptocurrency the company's latest disruptive innovation, following past campaigns, including Sizzl, the dating app for bacon lovers, and Wake Up & Smell the Bacon, a scented alarm clock Bacon Oscar Mayer

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Steele said his idea was for Bacoin to attract the attention of a local Michigan meat company, but Oscar Mayer's promotion strikes him as something fake . He does not believe that there will be a type of blockchain behind the cryptocurrency of Oscar Mayer.

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HelloWorld and Kraft Heinz, owner of Oscar Mayer, have not responded to Motherboard's request for comment on this subject.

That Bacoin of Oscar Mayer is really a fake can be a topic of debate, however.

The Bacoin website indicates that the company publishes a limited number of Bacoins exchangeable for Oscar Mayer bacon packs. At the time of this report, an NCB amounted to seven tranches of Oscar Mayer Bacon.

According to the official rules, a Bacoin holder can share on Twitter and / or e-mail via the website to help increase the value of the NCB. The value of Bacoin is linked to global sharing; the more people who share through the site, the higher the value of the cryptocurrency. If the global share is slow, the "BCN price" will decrease.

Oscar Mayer should not lose much sleep over Steele's complaint. He confessed to Motherboard that if the company gave him a year of free bacon, he would probably give up the complaint, since he can not afford a lawyer to "go to the end".

In fact, if the complaint goes further, it could generate more interest on the part of consumers for Bacoin.

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Featured image from YouTube.

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