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Kodak shares up as it announces KODAKCoin cryptocurrency

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Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#151

Post by the_stc »

yodon wrote: post #134
the_stc wrote: post #131

Earlier quoted context omitted.

We have consulted with lawyers. None of them are going to give the go-ahead on this project. Quote from one of them: There is no such things as extrajurisdictional, unless you're on the moon. My reply: If our opsec is good, we may as well be. Tor's latency even makes it feel like being in space. If our opsec fails and I am unmasked, I will be unhappy at being caught. Successors will recover the system from backup key…

You will look back on the decision to do this with regret. I understand you can’t see that now. I’m genuinely sorry for you. P.s. if you did talk to lawyers about this, your “opsec” is probably already blown or partially blown. Attorney-Client privileges only click in if you’re their client, which you aren’t. They will remember you and connect the dots if and when the time comes for anyone to care who you are.

It certainly is a possibility. I am acutely aware of it every day. It is incredibly high stress. That is why our core team desires to hire people to run the business day-to-day, so we minimize our exposure online and hence reduce possibilities of making opsec mistakes.

Communicating with a lawyer anonymously is not much more difficult than communicating with someone on HN anonymously.

Here is an article discussing some of our opsec, server-oriented: https://medium.com/@PinkDate/pink-app-trading-latency-for-an...

At least I am doing something ethical, to benefit people. This is more than I can say about working on adtech and privacy-invasive data software.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#152

Post by eat_veggies »

twanvl wrote: post #72
leejo wrote: post #31

Something 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.

You could steal a photo by tweaking a single pixel or EXIF field, and suddenly it's an original image with no registered hash.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#153

Post by philipov »

bonzini wrote: post #127
JumpCrisscross wrote: post #114

Earlier quoted context omitted.

> 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] http…

Management cannot until the information has been absorbed by the public, which is usually considered to be 2-3 working days.

Unless you're Intel.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#154

Post by throwawayjava »

cryptoqueen wrote: post #122
leejo wrote: post #31

Something 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.

I think the difference is that Ascribe doesn't have a token, so payment doesn't take place on the platform. Ascribe is merely a registry & they are building tech that will scan the internet checking for unauthorized copies of work. I think the scanning ability is very powerful, but that's totally outside of blockchain! I think the value of KodakCoin is the payment mechanism, which in theory will be decentralized i.e.…

> I think the difference is that Ascribe doesn't have a token, so payment doesn't take place on the platform.

Who cares? More concretely, how many professional or semi-professional photographers care?

> Bottom line though, everyone knows Kodak and no one knows Ascribe

But Ascribe is building useful technology while Kodak throws around buzzwords.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#155

Post by lomnakkus »

lomnakkus wrote: post #69
jey wrote: post #40

Earlier quoted context omitted.

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.

Yeah, it's not called the Hype Cycle for nothing[1]. Not sure about the latter part of your post -- I'm sure there are legitimate uses of blockchain tech, but on the other hand I'm sure I've seen any yet, personally. EDIT: [1] Actually, it's pretty weird that this is even a thing given how interested we (as effectors of "tech") SHOULD be (but aren't) in how all of this has gone before. Granted, blockchains are a rela…

Eh, bad typo there, it was supposed to be...: I'm not sure I've seen any yet [etc.]

(I'm sure most a'y'all got ma drift, but ya know. 'plogies, m'am)

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#156

Post by earenndil »

legohead wrote: post #128
akerro wrote: post #67

Earlier quoted context omitted.

Show me the same graph from ETH and XRP please. Bitcoin is outdated, Bitcoin is to us what ARPANET is to the Internet. Welcome to the future.

ETH: https://etherscan.io/chart/pendingtx XRP: can't find, maybe you can provide it for us?

XRP == Ripple.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#157

Post by petre »

abritinthebay wrote: post #14
viridian wrote: 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…

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.

> every company would make it's own coin

The harder part, as with regular currencies is convincing people to use it. At least with regular currencies usage is enforced by the state, which guarantees a number of users. Even if confidence in that currency has collapsed, you still have to pay your taxes using it.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#158

Post by petre »

Psilidae wrote: post #137
leejo wrote: post #31

Something 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.

This is what my criticism is, as well. A few days ago I had been pondering a similar concept of a blockchain-based platform for tracking image ownership. The main blocker I encountered while thinking about it was the problem of immutability. Specifically, what happens if something is wrong? Like, the first problem I see here is a troll just importing images from all over the Internet and claiming ownership. If someth…

You may be the only one who has the original raw file and publish a scaled down or compressed jpeg version. You should still have the negative.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#159

Post by Paraesthetic »

philipov wrote: post #153
bonzini wrote: post #127

Earlier quoted context omitted.

Management cannot until the information has been absorbed by the public, which is usually considered to be 2-3 working days.

Unless you're Intel.

As long as you sell months before disclosure you're alright.

Re: Kodak shares up as it announces KODAKCoin cryptocurrency

#160

Post by Paraesthetic »

logfromblammo wrote: post #85
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.

That's exactly why what we need is a common framework such that when every person and company does make their own cryptocurrency, the exchanges can handle settlement and barter-matchmaking in a seamless and mostly automated fashion. 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 servic…

One world Currency would be ideal, just waiting for someone to come out with it.
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