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Kodak shares up as it announces KODAKCoin cryptocurrency

kodak.com

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Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#91

Post by abritinthebay »

SippinLean wrote: post #58
abritinthebay wrote: post #17

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?

All of them, always, though there was no official guidance for a while most knowledgable people in the space have been saying that for... at least a year.

Of course they got yelled down by the gold-rushers... but it was nevertheless true.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#92

Post by abritinthebay »

jey wrote: post #40
abritinthebay wrote: post #14

Earlier quoted context omitted.

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.

Sure! I happen to quite like blockchain tech and I think it will end up being very interesting and useful.

However I don't think cryptocurrency (at least how it's pitched now) is where it will end up being useful. Bitcoin/etc hype is basically the same as the early 90s hype over the internet - broadly accurate about the possibilities but utterly misapplied and misdirected.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#93

Post by nrhk »

searine wrote: post #28
GFischer wrote: post #16

Earlier 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.

Honestly if they nail this 44% is small potatoes, this is a dying company with little to no future revenue streams. I'm surprised it didn't go higher.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#95

Post by [deleted] »

Spivak wrote: post #37

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

[deleted]

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#96

Post by lightbyte »

the_stc wrote: post #83
JackFr wrote: post #27

Earlier quoted context omitted.

> I don't get the value in the ICO. I'd replace 'the' with 'any'.

Our ICO is really an IPO. We are selling shares in our company (unregulated security). We have a real business model, good fundamentals. And before the full ICO, we will have a working service. 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.

So you're trying to get around regulations that you would need to follow if you wanted to do an IPO?

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#97

Post by rublev »

Clubber wrote: post #57
mywittyname wrote: post #46

Earlier quoted context omitted.

> 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…

Guys billing $500 an hour to tell people what they want to hear.

How do I become this guy? I get paid $80 an hour for a much harder job.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#98

Post by lightbyte »

the_gastropod wrote: post #77
goodroot wrote: post #64

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…

> 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?

>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?

I suspect this would be solved by visually comparing the two images and noticing that they are one in the same. Than you can just see which had their hash published on the block-chain first to see which is the real one.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#99

Post by lightbyte »

runeks wrote: post #76
goodroot wrote: post #64

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…

> 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).

That won't stop you from visually identifying that they are the same, then just looking at the block-chain to see which hash was published first (and thus the real photo).

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#100

Post by sgt101 »

lightbyte wrote: post #98
the_gastropod wrote: post #77

Earlier quoted context omitted.

> 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?

>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? I suspect this would be solved by visually comparing the two images and noticing that they are one in the same. Than you can just see which had their hash published on the block-chain first to see which is the real one.

Yes, but if you can identify an image in that way then you can claim the copyright anyway. Searching for copyright violation is the challenge.
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