Website generates off-the-shelf cryptocurrencies (so of course NewStatesmanCoin now exists)

It's completely useless, though. Don't bother downloading it. There's no point.

Things are very weird right now for those of us living in the future. Dogecoin - a digital cryptocurrency based on a funny picture of a shiba inu - has a market cap of more than $5m. We were promised jetpacks, we got dog-themed money.

There are so many new Bitcoin ripoffs (mostly by those hoping to make a fast buck) that it was inevitable that someone would create a site that automatically generates them. Coingen, created by a reddit user called Blue Matt, lets users customise their own cryptocurrency (taking either Bitcoin or smaller cousin Litecoin as inspiration), download a wallet, and get mining.

For this, users pay a fee of between 0.05 and 0.2 BTC (roughly £30 to £122 as of writing, going by the average trading price on Mt Gox), with fees for removing Coingen’s logo or getting access to the source code. That’s a tidy fee considering you can only tweak four numerical values for each coin, and the source code for Bitcoin is open and available for free already. Perhaps Blue Matt is taking inspiration from the California Gold Rush, where the biggest profits weren’t in looking for gold, but in selling equipment like picks and buckets to prospectors.

Very Dogecoin. Much currency. So zeitgeist.

And, because why not, we’ve created NewStatesmanCoin - you can download a wallet and start mining here. That’s its rather half-hearted logo up top (we considered replacing the Queen on a pound coin with a picture of deputy editor Helen Lewis, an effort you can enjoy here).

Don’t ask what the block halving rate is, or which mining algorithm it uses - random, now forgotten, numbers were used. We can probably assume from their names that many of the other coins created using Coingen use values that are just as arbitrary: jesuscoin, arbitrarycoin, starvingartistcoin, wethepeoplecoin, silvioberluscoin, realcoin, beercoin, and the catchily-named “wake_up_sheeples_banker_owned_federal_reserve_notes_equals_more_debt”. (There are also a lot of coins with racist names on there. Really, you’ve been warned.)

NewStatesmanCoin is just a joke, but the fact there are so many people who have created their own silly coins - and paid for the privilege - is worth noting. There are dozens of alternatives to Bitcoin, a tiny minority of which have support from any kind of community, and fewer still of which have any practical real-world purpose. While there are uses for cryptocurrencies, they're niche, and not without competition from more traditional companies or other technologies. Not for nothing are people like Gigaom's David Meyer asking what the point of Bitcoin is.

Looking over the transaction volume day-by-day since Bitcoin launched, it's clear that the value of the cryptocurrency has been faster and unlinked from its growth as a medium of exchange. Speculation is still the main drive of Bitcoin value, and the entire drive of Litecoin, Namecoin, and even Dogecoin value, and thus there's surely demand for Coingen's new coins, off-the-shelf and ready to, perhaps, become the next £xm-worth market. While Bitcoin's certainly popular, it's tempting to instead think that it may be the first iteration of a concept yet to be perfected.

You don't have to tell us it's a crappy logo.

Ian Steadman is a staff science and technology writer at the New Statesman. He is on Twitter as @iansteadman.

Sam Pepper via YouTube
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The story of Sam Pepper: how a British YouTuber incurred the wrath of the internet

The Dapper Laughs of online pranks  has finally gone too far.

Last night, a Twitter user claiming to be "a voice" for hacker collective Anonymous sent out a series of angry tweets slamming a video featuring "violent abuse". The user wasn't referring to Isis, which is the subject of an ongoing campaign by the hacker group, but a young, turquoise-haired British man named Sam Pepper. 

Pepper is a YouTube star who came to fame after appearing in the 11th series of reality show Big Brother. He's known for his prank YouTube videos posted under the username "Sam", which have in the past involved such hilarious japes as wearing a prosthetic old man's face and climbing into bed with his own girlfriend. He now lives in LA, but is friends with other prominent British YouTubers, including, of course, Zoella. 

So on the face of it, it's a little surprising that @TheAnonMessage blasted out this tirade against the star last night as a series of tweets to his 170,000-odd followers:

We've been notified of a sick, disturbing video uploaded by @sampepper. Yet again, he uses violent abuse to garner subscribers.

This is something that we cannot stand for. This so-called prank should bring shame to the YouTube community for supporting this imbecile.

This video must be taken down. @SamPepper you have been warned. You have 24 hours or we will unleash fucking hell on you.

The video in question, "KILLING BEST FRIEND PRANK | Ft. Sam & Colby", was published on 29 November but already has over two million views. In it, Pepper teams up with another Sam, half of the YouTube duo Sam & Colby, to pretend to, er, kill him, and terrify Colby in the process.

Sam and Colby drive into shot, then both get out of the car to check the oil. A figure wearing a black balaclava grabs Colby, put a bag over his head, tapes up his hands and dumps him in the boot of the car, all with Sam's help. The pair take him to a rooftop, where the bag is removed, and Pepper - the masked attacker - shoots Colby in the head with a fake gun. The visual references to Isis are hard to ignore:  

Photo: Sam Pepper via YouTube

What follows is a genuinely disturbing thirty seconds in which Colby screams and cries, eventually drowned out and replaced in the video's edit by tinkly piano music. Finally, Sam stands up and reveals he isn't dead. 

YouTubers responded angrily to the prank. Commenters called it "cruel" and seemed genuinely distressed by Colby's experience. The video's approval ratings, represented by thumbs up and thumbs down, are a good indication of audience reaction: 

So what happens if Pepper doesn't remove the video within 24 hours? Gabriella Coleman, author of Hacker, Hoaxer, Whistleblower, Spy: The Many Faces of Anonymous told me that "[@TheAnonMessage] has earned the wrath of Anonymous for acting irresponsibly" in the past (most notably, the user launched an attack on the wrong Ferguson police officer), and isn't part of the main Anonymous group. However, this doesn't mean the user couldn't attack Sam's channel or website. Either way, @TheAnonMessage has leapt on the coattails of a controversy that seems to have caught the imagination of large swathes of social media.

From Pepper's own point of view, though, it's easy to see why the whole furore is a little mystifying. His entire empire is founded on pushing boundaries of acceptability, and no one involved in this particular prank is angry - the video includes an epilogue where he chats to Sam and Colby, and Sam grins and exclaims "that was crazy!".

There's a parallel with the comedian Daniel O'Reilly (also known by his persona Dapper Laughs) here: both are young male entertainers who built an online audience through pushing the envelope with humour and pranks, and are then a bit shocked when they cross an invisible line and are lambasted for behaviour not dissimilar to the actions that earned them followers in the first place. 

Pepper, like Dapper, has been accused of misogyny, and even sexual harassment in his videos - he removed one, "Fake Hand Pinch Prank", which involved grabbing women in public using a fake hand, following online outcry. Yet one of his most watched videos is "How to Make Out with Strangers”, in which he approaches random women in Miami, says things like “I’m seeing which beautiful girls would like to make out…with me,” and kisses them. The video received none of the same criticism, and earned him over 17 million views. You can see why he might not be getting the message. 

The difference between the two videos lies, of course, in consent, as Pepper at least pretends to ask the women's permission in the Miami video. Yet as YouTuber Laci Green gently points out in an open letter to Pepper written at the time: "You pressure women on camera to make out with you - again, many of whom are visibly uncool with it. Confused and caught off guard, they painfully follow through with your requests, clearly uncomfortable."

What's clear is that the internet is still trying to figure out what is acceptable in the realm of humour. Internet-friendly humour tends to be slapstick, brash, irrelevant, and involve making fun of gormless members of the public. But pushed to extremes - the extremes which can seem necessary to make a name for yourself in the saturated vlogger market - these gags can easily turn nasty. 

Barbara Speed is a technology and digital culture writer at the New Statesman and a staff writer at CityMetric.