Kodak shares up as it announces KODAKCoin cryptocurrency
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Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#2[deleted]
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#3>The initial coin offering...is open to accredited investors
Is this fairly common now? Most of the ICOs I've read about before were basically open to everyone.
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#4In some respects this seems like a better application of blockchain than a lot of ICOs.
On the other hand, it isn't clear how they're going to solve the oracle problem of deciding who has the canonical rights to a given photograph.
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#5The shtick is "efficiently managing the post-licensing process" which basically translates to automatically debiting KODAKCoins instead of issuing DMCA take-downs. Seems like a great way to throw debt collectors onto the whole IP protection mess.
Sounds like hot garbage.
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#6>The initial coin offering...is open to accredited investors Is this fairly common now? Most of the ICOs I've read about before were basically open to everyone.
Most of the ICOs you’ve read about may well be illegal.
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#7>Utilizing blockchain technology, the KODAKOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. With KODAKCoin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform.
There is no use case that KODAKCoin meets that other cyrptos don't, except that it's owned in house by Kodak. I really hate this trend of companies trying to create their own nonsense currency and then justifying it with "blockchain is great!". If blockchain was the reason you could just transact in almost any currency that isn't bitcoin (because fees). There's no new technology here, it's just Kodak trying to ride the free money wave of cryptocurrency speculation.
Pulling rights fees automatically could be accomplished via smart contracts, and without the mess of 'debt' being involved.
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#8It's really sinister of these companies to do ICOs when the coin doesn't give you ownership of the company
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#9lol, this is dumb that adding a cryptocurrency would have that profound impact on their stock. Just pay them in USD or some other currency with real-world proven value.
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#10Short kodak.