We've hit Peak Coin.
I'm changing my rap name to MC Blockchain, watch me get a 20 million dollar advance from Sony Music lmfao.
Kodak shares up as it announces KODAKCoin cryptocurrency
41–50 of 176 posts
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#42Something 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.
> Immutable history is not always a compelling requirement, in fact sometimes it is at odds with many a use case.
Good point. Perhaps the technology will account for this somehow, and thus be distinguishable in some way from other blockchain technologies . . . ?
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#43Somebody 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
Haha, you caught that moments before they replaced it with a "we'll be online within 24 hours' message.
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#44Somebody 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
Aaaand it's down. that was quick
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#45At the risk of a very low value comment... The fact that this wasn't called KODAKoin seems like a major oversight.
Too easy to misinterpret as KODA Koin. Brand guidelines are important especially at a company like Kodak.
They've been there before, with great success: Kodachrome.
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#46>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…
> it's just Kodak trying to ride the free money wave of cryptocurrency speculation.
Our company made a massive push last year for developers to be "using blockchain technology, now." No real direction as to what exactly needs to be solved with it, just that we need to be seen using it.
This was before several months before the whole Long Island Blockchain fiasco. Apparently, last year, "block chain experts" were meeting with CEOs of major companies and explaining to them that the blockchain is going to change the world and they need to start using the tech, lest they be forgotten.
Low-and-behold, six months later, there's a massive influx of companies announcing blockchain technologies (that don't make any sense). Makes me wish I asked who these "experts" were when I was told about it.
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#47Why does every company need a coin now? Bitcoin is the standard.
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#48>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…
isn't this the main problem with digital currencies? it's easy to make one
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#49Earlier quoted context omitted.
Why? They're using the blockchain for what most people said it was supposed to be used. I'm actually pleasantly surprised they're moving forward with some innovation and I guess the stock rise reflects that. OTOH yes, I'm pessimistic they'll actually accomplish something, but who knows? I don't know if the market will discount this soon.
Blockchain might be useful here, sure. Is that use worth 44% of their stock? Doubtful.
You're overestimating how much of Kodak is actually a viable business. Most of their revenue still comes out of their "Print Systems" (!) division. KODK's latest 10-K is filled with albatross risk statements like "The ability to generate positive operating cash flows will be necessary for Kodak to continue to operate its business."
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#50Easiest short opportunity of the year.