I'm just waiting to buy some pets.com coin
Kodak shares up as it announces KODAKCoin cryptocurrency
71–80 of 176 posts
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#72Something 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.
Wouldn't it be enough to submit a hash of the photo? Then sure, that hash is around forever in the blockchain, but without the original photo that hash is useless. It can only be used to prove that the photo existed at the time the hash was added, and with a digital signature, who added it.
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#73>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
That’s not a risk, that’s a remaining unsolved problem for blockchains in general (the balance between decentralization and throughput).
Solving the blockchain scalability issue by creating more blockchains makes no sense since limited supply is the very feature that makes blockchain unique.
Solving the double spend problem is synonymous with limiting supply (double spending is fine if you’re not trying to limit the supply of something).
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#74We'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.
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#75Have ICOs 'jumped the shark'?
Definitely starting to feel that way with solution(s) looking for problems that don't need this complexity, reinvention of the wheel, not invented here, or hype train (FOMO).
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#76I know HN isn't too spiced up about Crypto, but it's important to realize that lots of these "cryptocurrencies" are built atop Ethereum -- that's part of what makes it magical. This is leveraging Ethereum, to create a currency, to address a market need: photographers getting appropriate renumeration and accreditation for their work. Picture this: you snap a photo, its hash is on a decentralized public record. If some…
> Picture this: you snap a photo, its hash is on a decentralized public record. If someone uses this photo, you're aware of it and can be rewarded/credited appropriately.
Except if that someone changes a single bit in the photo data (which will result in a completely different hash).
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#77I know HN isn't too spiced up about Crypto, but it's important to realize that lots of these "cryptocurrencies" are built atop Ethereum -- that's part of what makes it magical. This is leveraging Ethereum, to create a currency, to address a market need: photographers getting appropriate renumeration and accreditation for their work. Picture this: you snap a photo, its hash is on a decentralized public record. If some…
> Picture this: you snap a photo, its hash is on a decentralized public record. If someone uses this photo, you're aware of it and can be rewarded/credited appropriately
How will you be aware of it? And what prevents someone from tweaking one pixel by one bit, changing the hash of the new image?
Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#78I know HN isn't too spiced up about Crypto, but it's important to realize that lots of these "cryptocurrencies" are built atop Ethereum -- that's part of what makes it magical. This is leveraging Ethereum, to create a currency, to address a market need: photographers getting appropriate renumeration and accreditation for their work. Picture this: you snap a photo, its hash is on a decentralized public record. If some…
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Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#79Re: Kodak shares up as it announces KODAKCoin cryptocurrency
#80>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…
But for a company like Kodak to be beholden to a 3rd party development team is operational risk. Taking the proven technology and forking it under your centralized control seems like a smart move in my opinion. They're not trying to cash out on a digital currency, they're trying to leverage the smart contract tech that's shown to work.
Probably less of a risk than doing it in-house under management whose knowledge of blockchain comes exclusively from consultants whose interests are not aligned with Kodak's.