Kodak jumps into the Crypto Market

[danDroid]

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

 

[me just sayin]

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

 

[pc747]

https://www.ccn.com/the-bitcoin-bucket-kfc-canada-accepts-bitcoin-for-fried-chicken/

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[xeene]

china is trying to put a stop to bit coin in their country. once that happens the value will drop as china is the primary user of the currency.
China wants an “orderly exit” from bitcoin mining
they've already banned all crypto currency exchanges.

 

[pc747]

https://www.ccn.com/next-paying-uncle-sam-taxes-bitcoin/

Uncle Sam taking Bitcoin?

I guess if it spends....

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[me just sayin]

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...

 

[danDroid]

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

 

[kodiak799]

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

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.