Luminous Landscape Forum

The Art of Photography => The Coffee Corner => Topic started by: Slobodan Blagojevic on January 09, 2018, 02:44:30 PM

Title: KodakCoin !!!
Post by: Slobodan Blagojevic on January 09, 2018, 02:44:30 PM
https://www.cnbc.com/2018/01/09/kodak-joins-cryptocraze-with-digital-photo-licensing-site.html

130-year-old Eastman Kodak joins cryptocurrency craze with 'KodakCoin'
Title: Re: KodakCoin !!!
Post by: tom b on January 10, 2018, 02:59:20 AM
Blockchain technology (https://en.wikipedia.org/wiki/Blockchain) is a very real disruptor basically getting rid of the middle man in many situations.

You just have to look at $300 billion Bitcoin (https://www.coindesk.com/300-billion-bitcoin-price-boosts-crypto-market-value-record-high/) to realise that there will be some very big winners and losers before the dust settles. Hopefully photographers will win out.

Cheers,

Title: Re: KodakCoin !!!
Post by: Alan Goldhammer on January 10, 2018, 08:19:40 AM
Good luck to Kodak and I hope that this business endeavor is more successful than the host of things they have attempted over the past 20 or so years.  Until someone can come up with a way to use block chain currency in every day transactions it will continue to just be a fad and subject to bubble investing.  there may be some winners but as with all speculations many more losers.  We already are seeing stories of people cashing out of retirement accounts to invest in Bitcoin futures.
Title: Re: KodakCoin !!!
Post by: JoeKitchen on January 10, 2018, 10:00:40 AM
I have not read too much on it, but it appears that the KodakCoin is not actually a currency (a symbolic representation of money that can be used to trade for goods and service with whomever in a given economy), but more like store credits and "store currencies."  Can KodakCoin be used with any vendor of an service at this point? 

Regardless though, I am with Alan here. 

Plus, at some point I foresee governments looking at cryptocurrencies as a threat against their sovereignty and ultimately shutting it down, or at least in their own countries.  Issuing a currency is one method governments use to maintain power and influence, and they are often hostile (in time) to any non-state currency. 

For those whom disagree here, their are several examples in history of someone creating a non-state sanctioned currency that ultimately gets ruled to be illegal.  In quite a few cases, the inventors ended up without their heads too. 
Title: Re: KodakCoin !!!
Post by: BernardLanguillier on January 11, 2018, 08:46:50 AM
Good luck to Kodak and I hope that this business endeavor is more successful than the host of things they have attempted over the past 20 or so years.  Until someone can come up with a way to use block chain currency in every day transactions it will continue to just be a fad and subject to bubble investing.  there may be some winners but as with all speculations many more losers.  We already are seeing stories of people cashing out of retirement accounts to invest in Bitcoin futures.

You can buy your next camera at Biccamera in Tokyo using bitcoins.

Cheers,
Bernard
Title: Re: KodakCoin !!!
Post by: Slobodan Blagojevic on January 11, 2018, 05:50:04 PM
The Uber decal in the window just makes this shot. :)

Are you perhaps referring to my other thread, about Chevrolet Fleetmaster?
Title: Re: KodakCoin !!!
Post by: tom b on January 12, 2018, 12:01:10 AM
The disruption continues, I get the feeling it's going to end in tears.

Three thousand Bitcoin ATMs (https://www.itnews.com.au/news/three-thousand-bitcoin-atms-to-launch-across-australia-472448) to launch across Australia.

Cheers,

Title: Re: KodakCoin !!!
Post by: Telecaster on January 12, 2018, 03:41:12 PM
The Kodak now trying to peddle Bitcoin mining gizmos isn't exactly the same as the one making Portra and Tri-X. The folks who own the brand name can slap it on all sorts o' stuff.

-Dave-
Title: Re: KodakCoin !!!
Post by: Ken Bennett on January 13, 2018, 09:45:00 PM
Are you perhaps referring to my other thread, about Chevrolet Fleetmaster?

Yes, and I have no idea how it got posted here, since I don't recall even reading this thread.... Huh.

Removed.
Title: Re: KodakCoin !!!
Post by: LesPalenik on January 14, 2018, 04:29:59 PM
300k bitcoin transactions per day =  24 terra watt hours of energy annually.
Title: Re: KodakCoin !!!
Post by: Joe Towner on February 13, 2018, 01:07:40 PM
It's a licensed brand implementation by a third party, not the 'Kodak' that we love.
Title: Re: KodakCoin !!!
Post by: Slobodan Blagojevic on February 13, 2018, 01:47:25 PM
... not the 'Kodak' that we love.