Kodak jumps into the Crypto Market

Discussion in 'Android News' started by danDroid, Jan 10, 2018.

  1. danDroid

    danDroid Administrator
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    kodak.jpg

    The US firm said it was teaming up with London-based Wenn Media Group to carry out the initial coin offering (ICO). It is part of a blockchain-based initiative to help photographers control their image rights. Kodak also detailed plans to install rows of Bitcoin mining rigs at its headquarters in Rochester, New York. Details of this second scheme - which is being branded the Kodak KashMiner - were outlined at the CES tech show in Las Vegas.

    Source: Kodak soars on KodakCoin and Bitcoin mining plans
     
  2. me just sayin

    me just sayin Diamond Member

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    interesting combination. not really sure how it will help protect image rights.
     
  3. pc747

    pc747 Administrator
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  4. xeene

    xeene Gold Member

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    • Agree Agree x 1
  5. pc747

    pc747 Administrator
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  6. me just sayin

    me just sayin Diamond Member

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    I am afraid of them at the moment. too many are getting stolen. a few years ago there were some banks, exchanges or whatever they were called that lasted about a year. they shut down and took all the bit coins with them. if there were something like fdic protection then maybe...
     
    #6 me just sayin, Jan 13, 2018
    Last edited: Jan 13, 2018
  7. danDroid

    danDroid Administrator
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    It's certainly the wild west right now. It's hard to say how it's going to end.
     
  8. kodiak799

    kodiak799 Gold Member

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    The way most bubbles end....with the amateur late-to-the-party losing everything.

    I expect the big banks to eventually roll out their own crypto, and then all these other novelties will go bye-bye.
     
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