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Kodak Reveals KodakCoin and Bitcoin Mining

     
5:09 pm on Jan 10, 2018 (gmt 0)

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Eastman Kodak continues to reinvent itself and has just announced it plans to mint its own crypto-currency, KodaCoin.

[bbc.co.uk...]
5:19 pm on Jan 10, 2018 (gmt 0)

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Bet they'll be mostly wiped out in a few years by a company that spits out coins in just 30 seconds. Although they'll still have some loyalty among professional crypto-currency miners that like to stick to the "old" ways.
6:00 pm on Jan 10, 2018 (gmt 0)

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I think this summaries Kodak's plans quite nicely:

"Storing the information in a blockchain doesn't protect your copyright any more than copyright law already does," commented David Gerard, author of Attack of the 50ft Blockchain.

"Notice how they're marketing it: they state a problem, then say the blockchain can solve it. But there's no mechanism by which the blockchain could do that.


Kodak are just trying anything that might boost the share price.

I think blockchain will have a lot of uses, but this is not one.
 

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