81–90 of 176 posts
The only benefit Kodak has done for it's hometown is foster a entrepreneur hub in Rochester as all the people who once worked for them left to form their own companies.
I 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…
I don't get the value in the ICO. Photographer licenses image on KodakONE, receives KodakCOIN as payment. KodakONE uses blockchain to sell and protect the image from theft down the line. KodakONE uses lawyers to DMCA those who don't attribute or pay for the image.
> I don't get the value in the ICO. I'd replace 'the' with 'any'.
Cryptocurrency allows us to avoid capital and other controls to fund a venture which would be impossible to fund otherwise.
But most ICOs are blatant scams trying to justify their useless tokens, Kodak included.
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
>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.
So if Kodak has a standing offer to register stock photos and do rights clearance and licensing forever for X Eastmans, and I have a standing offer to exchange software development services for Y Blammos per day, the computing power that people offer in exchange for Hypotheticoins cranks through an arcane and unspecified algorithm, then spits out a result where I get what I want, and I have to do some work for an ex-dental-hygienist that once worked for my dentist. And I also get some change for it. For doing the job, I not only get the Kodak service, but I also get a medium 2-topping pizza from the nearest Domino's, an oil change and brake inspection from my regular mechanic, and 3 weeks of lawn-mowing from a kid on the next block.
To my knowledge, Bitcoin can't do this, and an assortment of fragmented unitasker coins can't do it without an array of attached service businesses like Coinbase and BitPay.
I'm really keen on a future where cryptocurrency enables a gift-barter economy, where you can make wishes, and grant other people's wishes. The more you grant to others, the more you get in return. I think that's a kind of thing that most people can really support, but it hasn't happened already, because the administrative overhead is a nightmare. With human matchmakers in the loop, you can only reasonably handle big wishes, and so you can't pay people back for helping to grant them. And so the recipients are kids with terminal cancer or rescued animals or something, so the givers get paid with warm fuzzies, or a kind of pay-it-forward IOU that might possibly go all the way around the world and come back. With an automated and distributed system cranking away on it, you can get that jar of homemade pickles for calling up a complete stranger to wish them happy birthday, or get a free beer for reciting one line at the right time in someone's bizarre public performance art. Or maybe you can finally get that pothole filled in front of your house, and all you have to do is reduce 300 MB of traffic survey data to determine the 85th percentile of traffic speeds.
You can't stop everyone from making their own coins. Might as well try to make them all work together.
Earlier quoted context omitted.
This is SEC rules for ICOs. ICOs that don't have that limit are a) likely scams or at best b) probably a gigantic legal mess.
Has this always been the case (ICOs are only open to the accredited), or does this only apply to ICOs after the SEC's Dec 11th, 2017 statement?
>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 meet…
It's really sinister of these companies to do ICOs when the coin doesn't give you ownership of the company
Why would you give something up when there are pools of dumb money willing to take nothing?