General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOh, ffs. Kodak stock jumps 125% on announcing new cryptocurrency "KodakCoin"
http://money.cnn.com/2018/01/09/technology/kodakcoin/index.html?df"Kodak is moving from cameras to crypto in a move likely to be viewed as a picture-perfect example of bitcoin mania.
The century-old camera brand said Tuesday it is investing in blockchain technology and plans to launch a "photo-centric cryptocurrency" called KODAKCoin.
Kodak (KODK)'s stock surged as much as 125% in trading after the announcement.
....
Kodak says it will use the blockchain, essentially a digital ledger, for a new platform called KODAKOne to help photographers manage image rights. KODAKCoin will be used for transactions when photographers license their work.
The Kodak news was quickly met with sarcasm on social media. As one reporter joked on Twitter(TWTR), it may only be a matter of time before we see the launch of "PolaroidCOIN" and "SearsCOIN."
PoliticAverse
(26,366 posts)fescuerescue
(4,448 posts)To protect intellectual rights of photographers.
As a currency, it would be rather non-sense, but as a way to secure the claim of an image "fingerprint". I like it.
Hong Kong Cavalier
(4,571 posts)This makes zero sense as an actual currency, but to protect the pictures photographers take?
It just might work.
samnsara
(17,570 posts)trueblue2007
(17,138 posts)i'd be RICH GIRL NOW !!!
brush
(53,467 posts)Everyone else recognized the potential of digital cameras while they were still pushing film (they even developed the digital technology but stored it in the closet so as not to damage their film business).
That company is a shell of it's once dominant self because they failed to understand the next development in image technology they had hid away.
Pope George Ringo II
(1,896 posts)Because they haven't got anything else of any value. Like an actual product, for example. A far cry from "The Great Yellow Father" days when they were all but a monopoly.
brush
(53,467 posts)too late also.
Eugene
(61,592 posts)They are renting out KashMiner rigs to the public. Electricity is cheaper at their Rochester facility than at a typical home.
CES 2018: Kodak soars on KodakCoin and Bitcoin mining plans (BBC)
http://www.bbc.com/news/technology-42630136