Kodak shares up as it announces KODAKCoin cryptocurrency • Hacker News Board

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#31

Post by leejo » Tue, Jan 09, 2018, 6:29 PM UTC

Something like this already exists: https://www.ascribe.io/ # I had to use it to submit some photos to a call for work a couple of years ago. After the call I wanted to delete the work, because I didn't want it hanging around in public view. Oh look! You can't! Because It's blockchain!

Immutable history is not always a compelling requirement, in fact sometimes it is at odds with many a use case.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#32

Post by elil17 » Tue, Jan 09, 2018, 6:29 PM UTC

>Get in on the ground floor

To all those wondering where the value added is, there is none. If you want to know how they solve the oracle problem, they don’t. This is a pyramid scheme, they even use the marketing language word for word.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#33

Post by velodrome » Tue, Jan 09, 2018, 6:29 PM UTC

Is your stock down? Don't worry, create or invest in a cryptocoin and profit...It's cheaper than a stock buyback.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#34

Post by whoisjuan » Tue, Jan 09, 2018, 6:31 PM UTC

tn_ wrote: post #9

lol, 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.

Euphoria and bounded rationality... People see Crypto + Public Traded Company and they lose their shit. Especially true for a company that has struggled so much to compete in the market for the last 15 years...

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#35

Post by trendia » Tue, Jan 09, 2018, 6:31 PM UTC

alangibson wrote: post #12

We've hit Peak Coin.

"I knew I had made the right choice to stay out of cryptocurrencies when my taxi driver launched an ICO." -- Warren Buffet, sometime in the future

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#36

Post by shp0ngle » Tue, Jan 09, 2018, 6:31 PM UTC

ASalazarMX wrote: post #24

alangibson wrote: post #12

We've hit Peak Coin.

Until someone names their firstborn Block Chain, we're not there yet. Buroku chan is acceptable too.

Yeah there is guy in Russia (well, Crimea) that named his son Bitcoin.

We are there.

https://finmedia.net/zhitel-simferopolya-nazval-sy-na-bitkoi...

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#37

Post by Spivak » Tue, Jan 09, 2018, 6:32 PM UTC

Somebody was really rushed to publish this. I mean good lord the site they link to https://www.kodakcoin.com/ still has lipsum and what I can only assume are placeholder photos. Unless Jan Denecke really is a man of many faces.

Edit: Oh my god the background is an Adobe stock photo complete with watermark.

Edit2: No, Kodak you don't get to just take the site down. The internet never forgets. https://imgur.com/a/LtI2s

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#38

Post by legohead » Tue, Jan 09, 2018, 6:32 PM UTC

viridian wrote: post #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 am…

Piggybacking off popular cryptocurrencies has its own risks[1].

[1] https://blockchain.info/unconfirmed-transactions

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#39

Post by alangibson » Tue, Jan 09, 2018, 6:33 PM UTC

JackFr wrote: post #22

alangibson wrote: post #12

We've hit Peak Coin.

You're too late: http://www.peakcoin.io/

"Peakcoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world."

So there's a coin called Peakcoin. Real lack of awareness in the branding.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#40

Post by jey » Tue, Jan 09, 2018, 6:33 PM UTC

abritinthebay wrote: post #14

viridian wrote: post #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 am…

This was always going to be the end result of blockchain and cryptocurrency. It was one of the original criticisms of the tech - that "every company would make it's own coin". Smart Contracts are never going to be as popular because they are neither very smart or the same as regular contracts - and have more overhead and larger vunerability anyhow.

And then they'll all fail, and people will again realize that simply appending ".com" or "blockchain" isn't actually a miraculous panacea. Meanwhile, legitimate uses of ".com" and "blockchain" will still continue to develop and grow.