Bitcoin Forum

Kodak's business model is excluding the current cryptomining community that worked so hard to establish this market, this technology and exchanges. Everyone should fight them with everything they have!

Kodak is now positioning itself to be in direct competition with the current cryptomining community and if other businesses, big corporations follow their example of not using the current cryptominers that are already mining, their purchases of ASIC and GPU miners will dramatically drive up the prices of these miners for the current cryptominers. They will purchase in BULK cryptominers from manufacturers, they will drive up electricity costs, they will make it far more difficult for us, as current miners. They will get any miners first from manufacturers, they will set up deals first, the vision of Satoshi Nakamoto to build this technology on people that work from their homes, which includes the middle class, poor etc. they will never reap the benefits if the entire world's big businesses try to get their own coins listed and use their own miners.

So we need to make sure that these "corporate coins" ARE NOT LISTED on exchanges unless the current world wide cryptomining community that exists is involved in the mining of these coins. So if you have influence with exchanges, within the Bitcoin community, within the mining community, we need blockchain to drive the world economy, for everyone in the street, not only for the current elite that has 1000x times our own cash reserves and credit lines. They are going to drive up the prices of all miners including electricity costs. Everything. Make everything difficult for us. We need to contact the exchanges and demand that these corporate coins INCLUDE the current cryptomining community in their solution, otherwise they are not listed.

This is critical, if we don't fight now, other companies are going to follow the example set by Kodak Coin and exclude us all. We need act together to prevent this.

Kodak is a joke

''Not using the current cryptominers that are already mining''? Not sure what you mean by that but the current mining industry is already incredibly hard to compete with if you're ''poor''. I understand the concerns but this is still a free market, excluding these companies isn't really an option I think. I'm also not sure what you mean with ''corporate coins'' there are tons of ''corporate coins'' on the market, what the hell do you think you've been purchasing here?

''Not using the current cryptominers that are already mining''? Not sure what you mean by that but the current mining industry is already incredibly hard to compete with if you're ''poor''. I understand the concerns but this is still a free market, excluding these companies isn't really an option I think. I'm also not sure what you mean with ''corporate coins'' there are tons of ''corporate coins'' on the market, what the hell do you think you've been purchasing here?
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In my view, you don't see the big picture: the big picture is every big business in the world is going to try and get onto the cryptocurrency exchanges to get investment. This technology allows businesses to do direct transactions with customers, transactions that doesn't have to through banks. This technology speeds up transactions and it allows cheaper transactions with customers. It allows customer information to be saved on a blockchain that is more secure than current databases.

Simply put: EVERY BUSINESS is going to need this technology to compete internationally. This is like the .COM boom. Just the database technology can save some businesses tens of millions a month in transaction fees via faster customer services. Once businesses see the advantages of this technology everyone will want to list their coins on the cryptocurrency exchanges. You can buy houses now with crypto, property, the logistics markets are improving in speed, there so much this technology can speed up business that everyone will want to do it. Get the miners, bypass the banks and deal directly with customers via digital coins.

So if you think there will be no interest in this technology, they are going to use Ethereum based solutions and other solutions to deal directly with customers. This is going to be a big business for big corporations that compete against each other and they going to buy all the machines up, follow Kodak's example.

Just to be listed on the crypto markets will be a massive gain for any company: the Chinese, the Japanese and everyone in Asia, that has huge savings and investment rates, the world's highest savings rates, they will invest in these crypto coins and the companies will love being listed on Wall Street while gaining investment from the crypto stock exchanges.

Every company can create their own miners and mine. Or sell. Or whatever suits them the most.

Wtf does "they won't be using the available miners" mean? They can use whatever the fuck they want.

What do you think Bitmain is doing? Do they sell all the miners they create? Huh

Kodak shares have tripled after the announcement. It won't be surprising if other companies follow the trail, but as other people have pointed, it's a free market which means you can not stop anyone from entering.

It's already insanely hard to get any meaningful sized ASICS batch, all chip manufacturers are tapped out. Many more plants coming online in coming years to fuel this boom, a joke company like KODAK will be a drop in the sea.

You can also observe a sizeable push into proof of stake or hashgraph style systems, which will imho replace mining in 5-7 years time.

Good luck with finding a non-corporate coin, there are few good ones and far between. Most of the coins without corporate backing are either scams or jokes.

Wall Street and the Nasdaq companies are going to list on cryptocurrency exchanges, they can and they should include the current mining community, because they will take the entire cryptomining market for themselves if they don't.

Competition is good. Nothing to worry. More companies = more decentralized mining. Even if the only miners were corps, more companies joining to the party = more decentralization between the companies. Some of them will eventually sell their products to the home users.

Anyone can enter, but shouldn't exchanges list coins that allow everyone to mine? I mean the company itself can mine its own coins with other mining pools. They are going to regulate cryptos so hard in future, Wall Street and the Nasdaq stock exchange have listing requirements, while our exchanges don't have any, but you now want to hand these big corporations everything for free...? Do you think that your purchasing power can compete with Wall Street and the Nasdaq and with every other big business listed on the entire world's stock exchanges for ASICS and GPU miners? OK... we will see...

We don't know what they are going to mine. I think surely Bitcoin and Ethereum. You can't stop them mining.
They are just changing their business model. Maybe they are going to sell cloud mining to people i think.
This is good as the mining will be more decentralised at least for Bitcoin. And there is going to be more competitors for cloud mining.
For little miners, it won't change anything as we can't mine Bitcoin and Ethereum is also very difficult to mine.

I think this will be a very interesting project. Very old Japanese brand. This is alarming. I hope that this is not fraud and real Kodak.

Crypto is a free space and anyone is free to enter, do you think big company will sit down and look at this money and fail to do anything, is left for people to decide whether to invest in the comapny or not, but don't be surprise to see more of this companies join the ICO space

i don't really understand why these corporate coins are choosing mineable coins considering they have pr to answer about electricty usage and stuff. if i were them i'd be looking into pos or dag systems.

IMO Kodak already had a bit amount of fail on its history and making a crypto related service right now is not the best move to recover their real business. The market will show us  the truth a bit later. I understand you warnings but you are still a bit wrong. The current market of ASIC miners is highly monopolized at that moment but in that year more companies will release their miners. What we realy need is to develop this market so everyone could afford himself to buy a quality miner in any amount.

Hi!I dont belive thats is fake news about kodak,the kodak is alredy dead and now from years they thinking how to get money...becose nobody buy they product.Kodak think now new plan to get money by  crypto currency ok than good luck...

Yeap standart situation when ex-corporation using name for new market.

It's not about rightness of the move they are undertaking now. It's simply the last chance for them to survive no more, no less. Personally I will participate in this ICO cause I see some hype around all this.

As for me, Kodak's ICO is real scam. Because they haven't their unique project or idea)