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Kodak Announces Its Own Cryptocurrency, Watches Stock Price Skyrocket (theverge.com)

Posted by BeauHD on from the surprise-announcement dept.

Kodak has joined the cryptocurrency craze by launching its own KodakCoin, a cryptocurrency for photographers. As soon as the news was announced, Kodak's stock (KODK) jumped more than 60 percent. The Verge reports: KodakCoins will work as tokens inside the new blockchain-powered KodakOne rights management platform. The platform will supposedly create a digital ledger of rights ownership that photographers can use to register and license new and old work. Both the platform and cryptocurrency are supposed to "empower photographers and agencies to take greater control in image rights management," according to the press release. The digital currency is meant to create a new economy for photographers to receive payment and sell work on a secure platform. But while Kodak's proposed blockchain-powered platform and virtual coin sound good on paper, it's not clear why the photography company needs to use blockchain to achieve its goals, rather than just create another social media platform instead. It appears that Kodak, like the other tea and vape companies that received media attention last month for making the abrupt leap to blockchain, could just be trying to capitalize on the current cryptocurrency mania.

86 of 135 comments (clear)

  1. Kodak moment by Tablizer · · Score: 2

    The modern version of a "Kodak moment" is when you realize your crypto-currency just lost all its value.

    --
    Table-ized A.I.
    1. Re: Kodak moment by gnick · · Score: 2

      $6 is better than $3. Photography's changed a lot since Kodak was at their peak and apparently they haven't kept up.

      it's not clear why the photography company needs to use blockchain to achieve its goals

      Kodak's stock (KODK) jumped more than 60 percent

      Sounds like they achieved their goal.

      --
      He's getting rather old, but he's a good mouse.
    2. Re: Kodak moment by gnick · · Score: 1

      Maybe you're under the impression that companies care about performance beyond the end of the quarter? Maybe if they did Kodak wouldn't be in the shape they're in now.

      --
      He's getting rather old, but he's a good mouse.
  2. Interesting. by msauve · · Score: 5, Funny

    Can't wait to see what develops.

    --
    "National Security is the chief cause of national insecurity." - Celine's First Law
    1. Re:Interesting. by SeaFox · · Score: 4, Funny

      I fear lots of people will get overexposed and end up washed out financially.

    2. Re:Interesting. by LordKronos · · Score: 5, Funny

      I fear lots of people will get overexposed and end up washed out financially.

      Definitely. This might look like cryptocoin's golden hour, but the market is oversaturated. Every ordinary company is trying frame their product in cryptocoin terms, instead of just staying focused on their core product. Companies keep pulling this crap, but it's only a matter of time until they push it too far and investors see that this shit doesn't pan out they way they say it will. Once one or two fail, get ready to watch the speed at which they all shutter.

    3. Re:Interesting. by networkBoy · · Score: 1

      Even if they're not washed out, their balance may be off and they're going to be mighty red-faced.

      --
      whois gawk date unzip strip find touch finger mount join nice man top fsck grep eject more yes exit umount sleep dump
    4. Re:Interesting. by jenningsthecat · · Score: 5, Informative

      Definitely. This might look like cryptocoin's golden hour, but the market is oversaturated. Every ordinary company is trying frame their product in cryptocoin terms, instead of just staying focused on their core product. Companies keep pulling this crap, but it's only a matter of time until they push it too far and investors see that this shit doesn't pan out they way they say it will. Once one or two fail, get ready to watch the speed at which they all shutter.

      Outstanding! In one short paragraph you've packed 11 references to photography: 'golden hour', 'oversaturated', 'frame', 'focused', 'pulling', (two meanings there), 'push', 'pan', (another double entendre), 'speed', and 'shutter'. Bonus points for the references that only someone familiar with film photography and darkroom work would get. Well done!

      --
      'The Economy' is a giant Ponzi scheme whose most pitiable suckers are the youngest among us and the yet-unborn.
    5. Re:Interesting. by SeaFox · · Score: 1

      Even if they're not washed out, their balance may be off and they're going to be mighty red-faced.

      No, I think they will be very pale when the final picture emerges.

    6. Re:Interesting. by elistan · · Score: 2

      I predict that soon Acer will rebrand Gateway, formerly Gateway 2000, as Gateway Blockchain.

    7. Re:Interesting. by ConceptJunkie · · Score: 2

      I'll see your prediction and add that "Blockchain" will become the "pumpkin-spice" of technology products.

      --
      You are in a maze of twisty little passages, all alike.
  3. In semi-related news ... by fahrbot-bot · · Score: 1

    It appears that Kodak, like the other tea and vape companies that received media attention last month for making the abrupt leap to blockchain, could just be trying to capitalize on the current cryptocurrency mania.

    Rapper 2 Chainz now regrets the spelling of his stage name - remarking, "Missed it by *that* much."

    --
    It must have been something you assimilated. . . .
    1. Re:In semi-related news ... by ELCouz · · Score: 4, Funny

      In other news... new rapper named Blockchain see his popularity increase over 9000!!!!!

    2. Re:In semi-related news ... by Gojira+Shipi-Taro · · Score: 1

      "Rapper" Kodak Black also regrets missing it by THAT much.

      --
      "Oh my God. This is terrible. This is the end of my Presidency. I'm fucked."; ~ Donald J. Trump
  4. How the mighty have fallen by El+Cubano · · Score: 2

    It is kind of sad to see this. Kodak was once synonymous with photography. Then they developed digital photography, patented the technology, and sat on it for fear of disrupting their lucrative film business. Others eventually developed digital photography as the patents expired and Kodak obstinately clung to their film business. In the end, they went down with their ship and all they had left was some patents, which it turned out weren't worth as much as they thought they were.

    I really hope that they turn things around, but this sort of thing is sad, like watching a formerly successful businessman rooting around in the garbage looking for aluminum cans to sell for recycling.

    Cryptocurrencies look like they might have some promise, but the way everybody is trying to jump into the space just smacks of a gimmick.

    1. Re:How the mighty have fallen by ShanghaiBill · · Score: 1

      Then they developed digital photography, patented the technology, and sat on it for fear of disrupting their lucrative film business.

      They did do Photo CD, which was crap and way overpriced.

      But it is silly to suggest they would have been successful if they went digital sooner. They would have lost anyway. Whatever format they created would not have been able to compete with JPEG at a price point of $0. What possible reason would I have to pay Kodak to take a photo with my phone?

    2. Re:How the mighty have fallen by El+Cubano · · Score: 3, Informative

      But it is silly to suggest they would have been successful if they went digital sooner. They would have lost anyway. Whatever format they created would not have been able to compete with JPEG at a price point of $0.

      That may be true based on where the market is today. However, if you look at where the market was 25 years ago, Kodak decided to leave a vacuum and let others shape the future of photography because they didn't realize that they were looking at the future of photography. Incidentally, JPEG was introduced just about 25 years ago.

    3. Re:How the mighty have fallen by networkBoy · · Score: 2

      PhotoCD was cool in that it had multiple resolutions available for each photo.
      That was about it though... even with my employee discount at a retailer the PCD was too expensive to be worth it. I just put an SD card in the scanner (yes, it supported writing PCD format to SD) and did it that way.

      neat machine:
      SD, USB, CDR, MMC, and photo scanner all tied to a digital projector that exposed the paper.
      so it was Film == input only, Paper == output only, everything else was I/O and you could basically go from any to any.

      --
      whois gawk date unzip strip find touch finger mount join nice man top fsck grep eject more yes exit umount sleep dump
    4. Re:How the mighty have fallen by LordKronos · · Score: 1

      Yeah, they only had $1.5 billion in revenue last year and $16 million profit. Poor guys.

      Give it time:
      https://www.statista.com/stati...

    5. Re:How the mighty have fallen by LordKronos · · Score: 1

      God damn it. Another asshat website that shows something different when you don't have a google referrer. Sorry about that. The graph showed:

      2005 - $11.4 billion revenue
      2006 - $10.6b
      2007 - $10.3b
      2008 - $9.4b
      2009 - $7.6b
      2010 - $6.0b
      2011 - $5.1b
      2012 - $4.1b
      2013 - $2.3b
      2014 - $2.0b
      2015 - $1.7b
      2016 - $1.5b

    6. Re:How the mighty have fallen by LordKronos · · Score: 1

      Indeed. One need only look at MP3 and MPEG to see that if you get in early and get your foothold, you're pretty well set even if something free and better comes along.

    7. Re:How the mighty have fallen by CaptainDork · · Score: 1

      IBM fits this business model, as well.

      How about some WatsonCoin?

      --
      It little behooves the best of us to comment on the rest of us.
    8. Re:How the mighty have fallen by CaptainDork · · Score: 1

      The graph at that link worked for me, but I'm using TCP/blockchain/cryptocurrency/IP.

      --
      It little behooves the best of us to comment on the rest of us.
    9. Re:How the mighty have fallen by CaptainDork · · Score: 1

      *Sony boy.

      U cudda bin a contendah.

      --
      It little behooves the best of us to comment on the rest of us.
    10. Re:How the mighty have fallen by ShanghaiBill · · Score: 1

      One need only look at MP3 and MPEG to see that if you get in early and get your foothold, you're pretty well set even if something free and better comes along.

      I am confused. I pay this much to use an MP3: $0, and this much to generate an MP3: $0.

      MP3 may not be free as in IP, but it is free as in beer, and that is all the general public cares about.

      OGG may be better technically, but it is not cheaper.

    11. Re:How the mighty have fallen by MangoCats · · Score: 1

      Then they developed digital photography, patented the technology, and sat on it for fear of disrupting their lucrative film business.

      Another way of looking at this is that Kodak was too far ahead of the curve in patenting digital imaging before it was practical for the mass market. When I bought my first Casio digital camera, around 1998 IIRC, it was 320x240 pixels, had terrible low-light capabilities, got massive green streaks if any areas were over-exposed, and I think it was nearly $200 too, even with that toy-like performance. My next camera was a Kodak, and it was a quality 1MP camera that had a flash, optical zoom lens and good usability around the $400 price point, but the tech was moving at incredible speed and Kodak didn't have the manufacturing to keep up - I think they were licensing silicon from others, so they really weren't bringing anything unique to the party - their tech specs tended to lag a little behind the best in the field, and their prices tended to be a little higher, and the writing was just on the wall: people didn't associate the Kodak name with great digital cameras.

      Even today, there's not a lot of name recognition in digital photography. Some like Nikon hold on to their reputation for lenses and manage to keep making competitive digital "filmbacks" to go on them, but the mass consumer market, the people that used to buy the bulk of Kodak and Fuji film, they don't really care who makes their camera and most just use the one in their phone now.

      To capitalize on digital imaging the way they did the chemical film market would have required investment on an unprecedented scale for Kodak, speculatively ramping up a chip-making business that they knew very little about internally, operationally, historically. Even if they did that, I don't think there are good odds that you'd be paying for Kodak branded digital image sensors in your cell phones - it's a different animal than film, no disposable or per-use aspect to it, and no brand loyalty in today's market.

      I'd guess that there were quite a few people near the top of Kodak who knew all of this by the mid-1990s, knew that their days were numbered, and just let the company go down like so many buggy-whip makers before them.

    12. Re:How the mighty have fallen by spire3661 · · Score: 2

      MP3 is no longer patent encumbered. Fraunhofer IIS no longer accepts royalty/licensing payments for it.

      --
      Good-bye
    13. Re:How the mighty have fallen by toddestan · · Score: 1

      I have some of the photo CD's from back then, or probably a bit before then as this was before I remember those machines around. These only have one resolution available, not counting the tiny thumbnails, and it's a bit better than than XGA, about 1100x800ish with each photo slightly different. My guess is they all scan at some standard resolution and then they crop it. It's a bit of a curiosity, but not very impressive compared to the film scanner I have.

      Kind of a missed opportunity for them, as they could have done high resolution scans (as it is, the CD is only a few MB) and dominated the megapixel wars for a while as resolution of 35 mm film is pretty high, though the typical cheap 35 mm point and shoot camera really didn't take advantage of it.

    14. Re:How the mighty have fallen by xvan · · Score: 1

      Even today, there's not a lot of name recognition in digital photography

      Nikon, Sony and GoPro are the only brands that come to my mind today. Both, Sony and Nikon, were on the camera business since the analog times. Kodak just missed the ship, the same way that Polaroid did.

    15. Re:How the mighty have fallen by smallfries · · Score: 1

      Actually I think this could be a good idea.

      A decade from now we'll see which cryptocurrencies were the Amazon / Google ideas, and which were just the petz.com. This sounds like it has some potential, so I would not write it off immediately. The timing definitely looks like it is trying to boost their stock price by riding on the current popularity.

      Once you have a public ledger to establish ownership of goods then you need goods that make it work. These are the missing ideas. Bitcoin's big idea is showingn ownership of tokens that pretend to be money. Interesting, but maybe not as great as the current market cap would indicate. Those goods have to be short digital identifiers. DRM is an attempt to control the ownership of digital goods in one domain (where the creator of the good wants to have their cake and eat it too).

      But photography has a different problem: a digital good is going to be published and rebroadcast many times. This will be done by tangible entities (i.e. companies that you can sue). Who owns the photo at any point in time? How can transfer of ownership be broadcast publically? Who do we trust to maintain the ledger?

      This could actually be a neat solution to the problem - nobody owns the ledger. Make it a public blockchain.

      --
      Slashdot: where don knuth is an idiot because he cant grasp the awesome power of php
    16. Re:How the mighty have fallen by sg_oneill · · Score: 1

      A decade from now we'll see which cryptocurrencies were the Amazon / Google ideas, and which were just the petz.com. .

      That'll be: All of them.

      This blockchain hype is straight up snake oil, and the people selling it either know it , or are too innept to realise it yet. Almost everything these companies are promoting block chains for can be achieved trivially with a boring old PKI exchange , and whatever can't be done is going to turn out to be either "Bitcoins" or "Pointless". No company wants to stick their ledger in a public blockchain. Its complete insanity, your finances are between you, your accountant, and the tax man, and maybe an edited summary for the shareholders. Anything beyond that goes into the realm of industrial espionage bait. And anyway, your accountant can still just sign the fucking regular old one with his PGP key for precisely the same effect.

      And bitcoin? The last two major crash was bad (When it dropped from around $700 to somewhere south of $100). The next one is going to be catastrophic. Well except for whoever manages to walk away with the loot (What you think money just appears and disapears in thin air?)

      --
      Excuse the Unicode crap in my posts. That's an apostrophe, and slashdot is busted.
    17. Re: How the mighty have fallen by Anonymous Coward · · Score: 1

      Canon

    18. Re:How the mighty have fallen by CaptainDork · · Score: 1

      I fold and say, well played.

      --
      It little behooves the best of us to comment on the rest of us.
    19. Re:How the mighty have fallen by smallfries · · Score: 1

      That is not true at all.

      Blockcoins solve the problem of updating a public ledger using only a distributed system. This cannot be solved by PKI alone. The specific problem is The Byzantine Generals’ Problem and it is the core coordination problem in a distributed system.

      --
      Slashdot: where don knuth is an idiot because he cant grasp the awesome power of php
    20. Re:How the mighty have fallen by torkus · · Score: 1

      What would people have done with a 10MP image? or 20MP even...which was about the limit of normal film with higher end stuff going several times higher.

      Computers in the mid 90s would choke on a 20MP image and you'd fit about one roll of uncompressed imaged on a full CD. Excluding professionals with money to spend ... why bother?

      --
      You can get rich if you own a politician, but you have to be rich to buy one in the first place.
    21. Re:How the mighty have fallen by nasch · · Score: 1

      My first digital camera was a Kodak, it was great (for the time). Since then it's been HP and Canon.

    22. Re:How the mighty have fallen by torkus · · Score: 1

      No...if Kodak was smart they'd have gotten involved in managing your digital images as much as providing the hardware to take them. But they weren't an internet era company or even internet focused. Their couple of too-late, too-buggy attempts at camera docks and image management just further sunk them.

      --
      You can get rich if you own a politician, but you have to be rich to buy one in the first place.
    23. Re:How the mighty have fallen by networkBoy · · Score: 1

      Yeah sounds like you have first gen ones. Those were crap, because even if you went to a *real* printer the output was noticeably degraded. That said the final gen wasn't all that much better...

      --
      whois gawk date unzip strip find touch finger mount join nice man top fsck grep eject more yes exit umount sleep dump
  5. Now is the time... by OpenSourced · · Score: 5, Funny

    Now is the time for BLOCKBUSTER to join in. That name is just begging to be converted to something-crypto-something-blockchain-something.

    --
    Rome taught me patience and assiduous application to detail. Virtues which temper the boldness of great, general views.
    1. Re:Now is the time... by supremebob · · Score: 1

      Someone should call up the Myspace guys... this could be their comeback story!

    2. Re:Now is the time... by Notabadguy · · Score: 2

      Now is the time for BLOCKBUSTER to join in. That name is just begging to be converted to something-crypto-something-blockchain-something.

      My new IPO for my company "BLOCKCHAINBUSTER" is about to go public. Get in while you can. It's gonna be 'UUUGE.

    3. Re:Now is the time... by pooh666 · · Score: 1

      Bravo. Bravo.

    4. Re:Now is the time... by CaptainDork · · Score: 1

      Blockbuster used to be a chain store and now they're in a crypt.

      You may be on to something.

      --
      It little behooves the best of us to comment on the rest of us.
    5. Re:Now is the time... by CaptainDork · · Score: 1

      hoo u gonna call

      --
      It little behooves the best of us to comment on the rest of us.
    6. Re:Now is the time... by RogueWarrior65 · · Score: 1

      I hear Radioshack and Sears have some retail storefront space to throw into the pot.

    7. Re:Now is the time... by slinches · · Score: 1

      That's actually not that bad of an idea. You could use blockchain as the backend for a distributed media trading/rental system. It would work essentially like the physical media form of Netflix, but all transactions would be peer to peer. The company just facilitates shipping between them for a small fee.

      --
      Knowledge Brings Fear
  6. Escape the CC payment by AHuxley · · Score: 1

    Win, win and go direct with the same brand trusted payment when you have your camera or movie related digital files, film with the same brand.
    No CC banking percentage to take away from every payment.

    --
    Domestic spying is now "Benign Information Gathering"
  7. This is getting old fast by alexandre · · Score: 1

    That sure is starting to look like the good pump & dump strategy with the ignorant masses who can't understand that these coins won't ever be secure or distributed...

    1. Re:This is getting old fast by chispito · · Score: 1

      That sure is starting to look like the good pump & dump strategy with the ignorant masses who can't understand that these coins won't ever be secure or distributed...

      There has to be some automated trading being manipulated here.

      --
      The Daddy casts sleep on the Baby. The Baby resists!
    2. Re:This is getting old fast by hey! · · Score: 1

      I felt this way during the dot com bubble. Guys were raking in huge fortunes with little more than a domain name and a bad powerpoint stack.

      At the time a friend and I had a small consultancy developing software for public health agencies. We paid ourselves a good, middle class wage, and it we had the personal satisfaction of putting a real, useful product in the hands of people doing important work -- work that prevented suffering and maybe even saved lives. So I count us well-paid for our efforts, but what we could have accomplished with just a million bucks! Certainly a lot more than Pets.com did with three hundred million of VC funding. The most valuable outcome of that investment debacle was a sock puppet character, the rights to which were sold for $124,000.

      --
      Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
    3. Re:This is getting old fast by basic.gongfu · · Score: 1

      I have a similar observation. I had just joined a startup writing booking systems for the tourism industry back then. And I had to watch our competitors bathing in millions from having little more than a static HTML layout to show, while we were busy building the real deal for pennies in comparison. We got the last laugh though. Once the party was over and the economy hit the floor; the tourism industry was going pretty well, and they still needed a booking system. Someone once said that it's easier for a camel to pass through the eye of a needle than a rich man to go to heaven, I find that comforting.

  8. Good Idea by Thelasko · · Score: 1

    The money to be made isn't in the coins themselves, but the transaction fees.

    Even if the coins are worthless, enough trading volume will generate some sizeable revenue.

    --
    One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
    1. Re:Good Idea by msauve · · Score: 1

      "The money to be made isn't in the coins themselves, but the transaction fees. Even if the coins are worthless, enough trading volume will generate some sizeable revenue."

      Because some fraction of worthless has value? Sell at a loss and make it up in volume?

      --
      "National Security is the chief cause of national insecurity." - Celine's First Law
    2. Re:Good Idea by Thelasko · · Score: 1

      Because some fraction of worthless has value? Sell at a loss and make it up in volume?

      Depends on the fee structure, but most transactions have a minimum fee.

      --
      One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
    3. Re:Good Idea by msauve · · Score: 1

      Whoosh. Fees are in the coin of the realm. So if the coin is worthless, so is the fee.

      --
      "National Security is the chief cause of national insecurity." - Celine's First Law
    4. Re:Good Idea by tehcyder · · Score: 1

      Whoosh. Fees are in the coin of the realm. So if the coin is worthless, so is the fee.

      I think you're missing the point. The financial institutions will earn the real dollar transaction fees anyway, they don't care if the underlying assets are valueless.

      --
      To have a right to do a thing is not at all the same as to be right in doing it
    5. Re:Good Idea by msauve · · Score: 1

      You're confusing transaction fees (moving coins between wallets) and exchange fees (trading dollars for coins).

      --
      "National Security is the chief cause of national insecurity." - Celine's First Law
  9. April 1st already? by ReneR · · Score: 1

    Seriously, do this companies not have any serious business to attend?

  10. Not sure about this by SuperKendall · · Score: 1

    Reading through the Kodak announcement, there is a website to eventually sign up for more details as a photographer - but clear directions on when investment will be opened. So how can anyone invest in a service where the use is utterly undefined?

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
  11. Next Hi-Frequency Trading bubble in the making by Antique+Geekmeister · · Score: 5, Insightful

    Because cryptocurrency trading requires significant computational resources to occur quickly, expect the same developers and traders who created hi-frequency trading to invest their time and money in cryptocurrency arbitrage. With the current wildly fluctuating currency prices, it leaves them opportunities similar to those in hi-frequency trading on the NASDAQ and other stock exchanges to engage in precisely the same draining of consumer profit out of cryptocurrency arbitrage that these companies perform in more standard currencies and stocks.

    1. Re:Next Hi-Frequency Trading bubble in the making by aliquis · · Score: 1

      Kinda interesting how the one advantage "no-one can make more of these than what we have decided there ever will be" doesn't really hold true so much any longer with close to infinity number of sets instead.

    2. Re:Next Hi-Frequency Trading bubble in the making by trawg · · Score: 1

      It strikes me as almost madness to not believe that most of the opportunities in cryptocurrency trading are already in arbitrage because of the desperate people trying to make (and not lose) money - and that these opportunities are not being massively exploited by many already!

    3. Re:Next Hi-Frequency Trading bubble in the making by jbengt · · Score: 1

      I doubt many exchanges want anything to do with this fad.

      Too late, they're already in on the fad.

  12. Re:Where is SlashCoin? by Dantoo · · Score: 1

    AppleCoin is almost a cert. Disney Dollars have made a fortune for the old mill and you can get them from the little blockhouse just inside the chains, near the entrance.

  13. Wow! Very nice by 110010001000 · · Score: 5, Funny

    It closed 116% higher and up another 46% in the after hours market. The Golden Times are here now, and they will never end. You can count on it!

  14. Don't have mod points by Number42 · · Score: 2

    I'm not sure the majority on here are old enough to get this.

    1. Re:Don't have mod points by msauve · · Score: 4, Funny

      Maybe that can be fixed.

      --
      "National Security is the chief cause of national insecurity." - Celine's First Law
    2. Re: Don't have mod points by Morphine007 · · Score: 3, Funny

      Stop

      --
      Oh god, that woman is John Romero!
    3. Re: Don't have mod points by dwywit · · Score: 3, Funny

      Stop, *then* fix, if it's a monochrome blockchain.

      Colour blockchains need a bleach process in there, before or with the fix.

      --
      They sentenced me to twenty years of boredom
    4. Re: Don't have mod points by MangoCats · · Score: 4, Funny

      Too late, you're over exposed.

    5. Re:Don't have mod points by donstenk · · Score: 1

      Thats too black and white a view.

      --
      Dennis Onstenk
  15. Cryptocurrency as ponzi by Anonymous Coward · · Score: 1

    It's an old scam. And if you're at the front of it doing a so-called "initial coin offering", you can make a lot of money for nearly zero effort. We play hot potato and when the music stops if you still haven't liquidated, you're fucked.

  16. Re:Where is SlashCoin? by lactose99 · · Score: 1

    CowboyNeilCoin

    --
    Fully licensed blockchain psychiatrist
  17. Too much is hidden? by Futurepower(R) · · Score: 1

    It seems the crypto-currency movement is lacking sufficient organization and lacking careful communication.

    This summer, will children be selling their own crypto-currency in front of their houses?

  18. Our stock market's being run by bots. by rsilvergun · · Score: 2

    This pisses me off for two reasons. First, it's incredibly dangerous. Second, I've been sold the idea that the insane profits from the stock market are warranted because the people running it are making tough decisions and that it's their leadership and brains that drive it (and all of modern business) forward. This shoots all kinds of holes in that.

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
  19. Re:Where is SlashCoin? by networkBoy · · Score: 1

    I'm in!

    --
    whois gawk date unzip strip find touch finger mount join nice man top fsck grep eject more yes exit umount sleep dump
  20. The answer to our problems by theendlessnow · · Score: 1

    The United States deficit could be eliminated if the IRS would simply announce they are using blockchain. Just saying.

    1. Re:The answer to our problems by Qzukk · · Score: 2

      Better get started on mining your TaxCoin now, returns are due in 4 months!

      --
      If I have been able to see further than others, it is because I bought a pair of binoculars.
  21. Why? by bistromath007 · · Score: 1

    What kind of fucking insane russomexican jenk do you need to huff to get excited about an industry-specific cryptocurrency?

  22. Shovel rentals by Khyber · · Score: 2

    I saw their brochure. They're renting you a shitty Antminer S3 which you can buy for $1500 flat out for like $3,000+ AND they take half your bitcoin mined.

    --
    Still waiting on Serviscope_minor to wake up to fucking reality and realize that Jessica Price isn't going to fuck him.
  23. 2 types of news these days by umghhh · · Score: 1

    Bitcoin this and that - company 'does' bitcoin and its stock goes ballistic. The other one is that the good ride on stock market will continue. In some cases accompanied by dismissing the fact that we are historically in area just before crash. I wonder if it goes bang this year or next. I go for this one,. I recall reading how financial instruments 'disconnect' from real market just proved that we are in new era. That was end of 2007 and first half of 2008. OC I do not know it. I just see some signs. Let see if there will be indeed a big bang this year and if so how big the mess will be. ECB is still throwing billions into the market. EU Target2 still looks like a disaster waiting to happen. Good day everybody.

  24. In the world of cryptocurrency.... by wiretrip · · Score: 1

    Dad, can I borrow $20? $14 ? Why do you need $24?

  25. putting the bandwagon before the horse... by Anonymous Coward · · Score: 2, Funny

    In related news, Anonymous Coward Industries has stated it will now be called Anonymous Blockchain.

  26. Re:Warning For Photographers by DontBeAMoran · · Score: 1

    But all you're talking about is the law.

    The first burden of proof is copyright ownership. If Kodak really has a good technical implementation of this, this is huge. And if it's de-centralized like most other crypto-currencies then it means people can't hack the ownership of the photos.

    --
    #DeleteFacebook
  27. It's not Kodak by mattr · · Score: 1

    If you read the PR and website it looks a bit too sleek. I wondered which ad agency had gotten Kodak to buy in (providing its name and perhaps not much else). Apparently Deloitte's blockchain solutions division hired Wenn Digital to build it. Unfortunately since they also use the buzzword "artificial intelligence" without clarifying what it does, one wonders if there is enough useful functionality being delivered and will they have the stamina to build it over the long term. Some photo agencies spend money to be ahead of the curve but in general the industry is slow to change. The part about doing web spidering to find photo usage might sound good to photographers but honestly? This assumes you are selling limited term web usage which is going to be very low price. The site is buzzword heavy and light on specifics, such that it looks like a sales campaign of Deloitte's more than Kodak doing anything. Might be great but then again might disappear in a puff of vapor.

  28. Please by Anonymous Coward · · Score: 1

    Please, I shutter at the thought.