Bitcoin Forum

feel free to move but i don't think this belongs in the alt section as it applies to the market as a whole. i've been reading about kodak and its coin today

http://www.bbc.co.uk/news/technology-42630136

and it seems to me that this might be final straw ish for regulators. kodak have used crypto to cross infect their stock price and they're now doing an ico. i assume because it's kodak it'll be subject to some type of existing legislation but i'm wondering if this is gonna set off a domino effect or half dead companies using the crypto wave to revitalise themselves.

i would guess that operations like the sec and others would remain hands off as long as crypto remained in its box, but now it isn't. if it's being used to boost stock prices and doing the usual ico trick of taking money and giving back a pointless piece of crap then they're not gonna sit back and let that happen.

are we about to turn a corner where crypto enters big business or is shut out of it to the best of the authorities' ability?

I suspect crypto will be banned as a whole in 90% of the modern world.
We have greed and bs ICOs to thank for that.

Kodak only managed to avoid bankruptcy by a miracle. And it seems that the company's business is going very badly, since it is going to do ICO.

Neither.
It's just the phase where everybody is milking whatever it can from crypto.

https://qz.com/1175701/putting-bitcoin-or-blockchain-in-a-company-name-is-sometimes-enough-for-a-pop-on-the-stock-market/


And you can check the list for more....
Basically we're experiencing a wave of publicity stunts aimed at driving shares up.
Pumps and dumps, but no longer trolls on mintpal, but real companies on wall street.

And now were getting closer to a real dotcom bubble.
Everyone going nuts over crypt without a real business plan.
What could go wrong?

A New Dawn, I want to be positive here, let's accept that there are lot of shit coins and ICOs that popping up everyday without even a good roadmap on how their coin/token be usable. In this case, I think Kodak used the blockchain to fund their new business venture, Kodak has a name and they will never let that name be doomed because of a shit ICO, I am positive that they will take this seriously to change their image and their brand. If Kodak's ICO will succeed and continously stand on their ICO, I think Authorities may reconsider things about Cryptocurrency.

I don't know what the goal of Kodak's 'coin' would be, but it surely makes my eyebrows do weird things...

I am sure more companies, from large to medium, will do the same thing in a near future. Some will do with a strategy in mind while some will do with the purpose to increase their stock price only.

I don't know how this could end, it could be a popular crowdfunding solution where even the small startups will be able to use this as alternative finance, or if a lot of projects end with a dead shitcoin it could lead to bury the reputation of the ico's purpose and maybe the cryptocurrencies generally speaking, in the long run.

The end for their executives maybe...

https://www.marketwatch.com/story/kodak-stock-pulls-back-directors-disclose-acquisitions-prior-to-blockchain-rally-2018-01-11

Exactly.... a coincidence.
Of course selling stocks just two days after showing a miner with a sticker on it with no actual business plan is indeed a mere coincidence.

When you refer to the end of their executives... you mean as losing their positions?
I am hoping for their heads (literally)!!!!

And this is just the beginning if nobody takes measures.
Forget the stocks, in two months we will have blockchain pretzels, bitmilk, satoshi sushi, block-cab, McCrypto...everybody will try to milk as much as they can from the hype as KFC just did it.
The madness must be stopped!

wow. this is some low stuff. if going 'blockchain' will be the quick fix of the future then that's gonna be squashed with extreme prejudice asap.

Still no one knows if they are really going to create a cryptocurrency, and honestly, they do not need one, i mean, a bussiness of photo cameras is going to create a crypto? It makes no sense, maybe it will work to be a speculation coin, but nothing more than that.

It was just a way to pump their stock. A lot of companies lately are claiming that "they are getting into crypto" and then they make a fancy press release about how they will innovate their business with an ICO. I've heard they want a token for photography or something, makes no sense to me.

Looks like they are either doing it on purpose to pump their stock (which is working) and exit at a plus before closing, or they are clueless and think there is a case for all these tokens other than pumping them and dumping them for more bitcoin.

the thing is that a real company doing real business really could do something legitimate with crypto. almost all of the stuff swirling around coinmarketcap is put out by nobodies with no plans to do anything real.

if an existing company identified a use for it and then started using it we might get rolling for real. i'm not convinced this is the real deal but it might happen soon.

Bbut... but... when are these companies going to learn what a blockchain is actually good for?

http://image.slidesharecdn.com/seminarblockchain-160501112920/95/blockchain-explained-39-638.jpg?cb=1500293725

https://www.google.com/search?q=NYSE:KODK&tbm=fin#scso=uid_g-lYWrDkOcWQgge5y7igDw_5:0

it was just a way to cash out of kodk stock :p

Kodakcoin is giving to open more doors for cryptocurrencies as this is the first coin that has attracted wide publication and many big personality in cryptocurrency world has make one statements or the other. I believe this is going to be a new era in cryptocurrency market as Kodak has a good name and it has been doing very well.  I think this coin during ico will be all bought up and another great opportunities for cryptocurrencies investors.

We should blame banksters and economists for that, they all praise "blockchain technology" while they bash Bitcoin, so now we have a strong public opinion that blockchain is revolutionary new tech. They have tried to embrace, extend, extinguish cryptocurrencies, but instead have fueled the dotcom bubble 2.0.  But Bitcoin should be fine, since the very same people have separated Bitcoin from blockchain in their comments, so investor won't automatically assume that they correlate, and when alts and blockchain companies will crash, they won't take Bitcoin with them.

No, I don't think so. Really, why would a profitable and successful company ever want to walk the ICO path? Are they short of money or what? Regarding Kodak in particular, it is a half-dead company as you say yourself. So they have nothing to lose. Anyway, they seem to be too late to the party now, and I highly doubt if their ICO would bring in serious money if any at all. They should have tried it a year or two ago.

The beggining of the end, of course, but the end of them.

How the fuck are they going to create a coin? i still can not understand this, but how are they going to use it? No offense, but i do not know how are they going to implement it.

They are going to tell their development team 'ok here is the requirement we already agreed on and now I want you to design and implement it, Go'

We can sit around blaming people, we can think that only a few of us are the true crypto idealists. But the fact is that decentralization means that anyone can pick up the open source tech of blockchain and configure it to their personal needs. This is what has happened now. With true recognition and mass adoption comes a whole new range of how to view tokens, blockchain and crypto. And as we can see, some of them who used to hate crypto are now embracing it.

They brought crypto price up, so I guess we should thank them. But they will also probably bring on the bubble, unfortunately.

Not only Kodakcoin there are many more companies who are trying to reinvent themselves in cryptocurrency. Not only doomed companies many successful ventures are also trying to enter into it. We saw telegram creating an ICO. Jio in India is coming a currency named Jiocoin.

could this be considered criminal activity by the SEC?

Could you elaborate more on Telegram running ICO? Any reliable sources?

There were certain rumors and there are definitely a few scams popping up here and there which claim be Telegram's ICO, but as far as I know, there is no official confirmation from the owner. Really, why would they need ICO in the first place? What is it supposed to do and which aims to reach?

https://www.marketwatch.com/investing/stock/kodk

It's holding pretty decently so far... first peak on January 10th, correction, and now with a new monthly high to $11.34.

I wonder for how long can they keep hyping this to keep the price up. It will need to get past $17 in order for it to have an higher term bullish perspective, until then it's just a short pump and dump operation.