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  1. #1
    Senior Member
    PapaST's Avatar

    Kodak launching a cryptocurrency for photographers




  2. #2
    Senior Member
    Moab Man's Avatar

    Re: Kodak launching a cryptocurrency for photographers

    Read it, not exactly understanding what they are trying to accomplish.
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  3. #3
    Senior Member
    PapaST's Avatar

    Re: Kodak launching a cryptocurrency for photographers

    As I read it, it's their market space. The photographer would register their work with Kodak and buyers can purchase using their Kodakcoin. I'm not sure about the encryption part, if that's some how supposed to protect the seller's artwork. The intriguing part is the currency aspect. So say you sell your photograph for 2 Kodakcoins (current value of $50) and like Bitcoin the value skyrockets to $15,000/coin. I give Kodak an "A" for effort, trying to ride the cryptocurrency hysteria.

  4. #4
    Senior Member
    Horoscope Fish's Avatar

    Re: Kodak launching a cryptocurrency for photographers

    Quote Originally Posted by Moab Man View Post
    Read it, not exactly understanding what they are trying to accomplish.
    The article IS pretty vague. From what I can gather Kodak's plan is a two-fold approach that leverages a Bitcoin-like blockchain. This blockchain would be used as both an invisible watermark of sorts, used to protect individual images, while also creating an environment to pay photographers licensing fees for those photos.
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  5. #5
    Senior Member
    Texas's Avatar

    Re: Kodak launching a cryptocurrency for photographers

    Blockchain servers that maintain a distributed database need an incentive to keep a bunch of them onlne or it has no advantage over current distributed database tech. Keeping each server online has to make economic sense to its owner.

    Bitcoin miners and the broker entry points that handle your money to bitcoin account serve that purpose for that system.
    Thanks/Like SkvLTD Thanks/liked this post
     
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  6. #6
    Senior Member
    Texas's Avatar

    Re: Kodak launching a cryptocurrency for photographers

    A couple weeks ago several failing companies added the word blockchain to their name and their stock price went up a lot.
    Thanks/Like PapaST, SkvLTD, Sandpatch Thanks/liked this post
     
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  7. #7
    Senior Member
    Woodyg3's Avatar

    Re: Kodak launching a cryptocurrency for photographers

    I think I'll stick with good old American dollars for now.
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    Woody Green

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  8. #8
    Senior Member
    john*thomas's Avatar

    Re: Kodak launching a cryptocurrency for photographers

    Quote Originally Posted by Texas View Post
    A couple weeks ago several failing companies added the word blockchain to their name and their stock price went up a lot.
    Not that it matters one whit, but that is why I will likely stay away.

  9. #9
    Senior Member
    Dawg Pics's Avatar

    Re: Kodak launching a cryptocurrency for photographers

    "Remember to gaze up at the night sky because there is a little bit of the cosmos in each of us."


    Um yeahhhh, I shoot a lot of pics of my dogs.
    D500 (DOB 05/26/17), D300, D80, SB-800. RIP-D100

  10. #10
    Senior Member
    Texas's Avatar

    Re: Kodak launching a cryptocurrency for photographers

    well well
    RYDE coin, really

    and Kodak does not make anything except license agreements that let others use the Kodak name for a fee

    https://arstechnica.com/tech-policy/...as-kodak-coin/
    D750, D90, D100, Nikon 1 J5
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