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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

#111
post #97

Earlier quoted context omitted.

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

Heh, I want to know how to get paid $80/hour :) , grass is always greener right?

The two of you could always partner up to split that one job, and both still get an at-least $170/hr raise :P

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#112
post #100

Earlier quoted context omitted.

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.

>but if you can identify an image in that way then you can claim the copyright anyway. Just identifying the images are the same doesn't prove which was the original though. The hashes being publicly available is the key, because you can easily tell which came first.

That would only work if the knockoff image is registered on-chain after the real image. If I'm going to rip off an image, I'm not going to submit it back to the entity that created it.

Hashes don't verify the date that something was created. The blockchain provides a date for the hash, but it provides no guarantee that the hashed item didn't exist long before when it first appeared on chain. If I simply modify the image metadata to say that my knockoff photo was taken at an earlier date and flip some bits, I can still claim that mine is the original and that I didn't submit it to the blockchain when I created it.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#114
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…

> it's just Kodak trying to ride the free money wave of cryptocurrency speculation

Can we blame them? Their stock is up 125% today [1]. 44 million shares traded on the NYSE on 43 million of these shares outstanding (Kodak has a weird cap structure). Literally every owner of Kodak Common New had the opportunity to cash out, simply on the coattails of management penning a press release. (Including management!)

[1] https://finance.google.com/finance?q=NYSE%3AKODK&ei=2yJVWuiB...

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#115
post #83
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.

Yes I sure hope that before you sell shares of your company you have some product. Why is this even impressive?

Do I get to vote? Do I get dividends? I'm personally a big fan of securities regulation. Are you going to have open financials and reporting? Why is this better?

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#116

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…

Immutable append only databases exist without blockchains. Why does this need to be decentralized and distributed?

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#117

Is this a landing page that was put together last minute? It seems like it. Look a the teams page, the same two people are the placeholder image for every team member. How serious is Kodak about this really? https://www.kodakcoin.com

Crazy theory, but their stock very steadily this year and a lot of retail investors probably had short positions that they've been holding as a result. Lets say they threw this whole thing together betting that it would cause a bump in value. I'd bet the stair step on the price chart was a cascade of margin calls against all the short sellers because all the brokerages were forced to buy the stock to cover, further raising the price.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#118

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?

Kodak has done a lot of research in the last 20 years to create digital watermarks that resist manipulation.

So they wouldn't necessarily naively hash an image file, but they could possibly create a hash from features that are extracted from the image and remain consistent even after manipulation or transformation.

Or they could hash the original bits in the file naively then insert that hash into the original image as a digital watermark that would survive manipulation of the image.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#119
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

They must have some incredible cloning technology - the CEO, the COO, and the CTO are all clones!!

This is the real reason their stock is up.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#120
post #76

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. 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).

But who will determine whether two different images are visually the same?

What’s the point of a decentralized system if a trusted third party decides which images are visually equivalent? Just use that third party to register the image with in the first place, rather than in a blockchain, since that party gets to invalidate your image-hash in the chain anyway (in case your image is deemed visually equivalent to an image earlier in the chain).

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