[2018-1-9] Kodak Surges After Announcing Plans to Launch Cryptocurrency Called '

[vit05]

https://www.bloomberg.com/news/articles/2018-01-09/kodak-stock-surges-after-announcing-coin-to-join-crypto-craze

Kodak Surges After Announcing Plans to Launch Cryptocurrency Called 'Kodakcoin'

[Keen4]

The stock went crazy today with the announcement. Apparently the ICO is at the end of the month but I can’t find any info on it

[prehisto]

At first seemed that big company is adopting crypto for the right reasons.
After some research it could be done to increase their stock value and in this case it bad for crypto world in long term because in this case their coin will die and will leave a bad mark.

[bbc.reporter]

So what is this? Will this start the SEC to take ICOs seriously and start clamping them down? Telegram wants its own ICO, Facebook has also gave some clues that they might issue its own token. Now Kodak, an old dying company, is organizing its own ICO.

What would the future of legislation look like in the cryptospace for 2018?

[hatshepsut93]

This price jump shows that those traditional and well-regulated markets can be just as volatile and irrational as cryptocurrency markets (remember how Nintendo stock jumped because of Pokemon Go?).

The use of blockchain for digital rights management is interesting, but creating a cryptocurrency for a certain profession seems like a bad move - in the past years we've seen hundreds of coins created for some industry or community and they all failed, so if Kodak really wanted to get into crypto, they should have adopted some existing coin to their future blockchain platform. Also, there's a problem with every fresh blockchain - its network structure. Blockchain only works when there's many independent nodes, and it's not clear how it would work in Kodak's project. So, overall it seems more like a very successful attempt to pump their stock rather than a real innovation.

 

[jamids]

More traditional companies are joining the crypto world. From time to time there would be a company who would adopt cryptocurrency and then suddenly after announcing the adoption, stock price would go up. I hope that they can really make use of the project involving cryptocurrency and not just an attempt to increase their stock price. Maybe they are heading the right road because they are willing to innovate and if they can handle it successfully then others would follow. We know that when a company do not go with the trend then sooner or later it would be obsolete. Look at what happen with Nokia.

[bbc.reporter]

@jamids. Kodak is now an old and unprofitable company, it is in fact it dying. So of course it is trying to be a blockchain company to raise its stock price.

In 5 years, I reckon the ICOs will start issuing their own IPOs to get more funding to keep their scams alive hehehe.

[zoose]

At first seemed that big company is adopting crypto for the right reasons.
After some research it could be done to increase their stock value and in this case it bad for crypto world in long term because in this case their coin will die and will leave a bad mark.

A Good old fashioned Pump & Dump hahaha Kodak must have been in crypto a while.

Kinda like this Crook:

Happy New Year! Never forget how bad Daniel Kaufman F-ed everyone on NeuCoin. He walked away with over 5000 BITCOIN. That's worth about $USD 72,092,275 today!

NEUCOIN & Daniel Kaufman raised over 1000 plus BTC in the ICO/PRE-Sale and then got 4,000 moe BTC selling off NEUCOIN foundation coins as fast as he could get them.

[igordemin]

I don't know what for are they doing it.
They sold most of their patents and profitable branches.
Their only chance is an instant camera segment, but there are Fuji cameras at the moment.
They don't have any interesting product at the moment.
Unfortunately, company is dead.

[wilhb81]

Hmm, I thought Kodak already filed for bankruptcy protection since 2012?  I didn't realize that Kodak is inventing their own "Kodakcoin", just to attract more new investors (maybe, it's only a gimmick to pull out as much profit from cryptocurrency, before they really closed up their company?)

[Zicadis]

This is one way of recovering thanks to Kodak for choosing to go crypto and showing the world that the Cryptocurrency world is growing strong and there is a community that is more than alive that is showing support to such big industry names.

The stock went crazy today with the announcement. Apparently the ICO is at the end of the month but I can’t find any info on it

How is it at the end of the ico cant seem to find such information except a lead to this site www.kodak.com/go/kodakone

[stompix]

At first seemed that big company is adopting crypto for the right reasons.
After some research it could be done to increase their stock value and in this case it bad for crypto world in long term because in this case their coin will die and will leave a bad mark.

Nobody adopted anything.
This is just a publicity stunt from a dying company.
It's just a miner produced by another company with a kodak sticker on it and an ICO who would probably never materialize.

I'm ashamed right now for being a Kodak customer and a happy one in the past.

I don't know what for are they doing it.

Milking as much as possible from their brand.
And this thread is proof a lot will buy into this stupid ICO.

[andrejka]

At first seemed that big company is adopting crypto for the right reasons.
After some research it could be done to increase their stock value and in this case it bad for crypto world in long term because in this case their coin will die and will leave a bad mark.

Nobody adopted anything.
This is just a publicity stunt from a dying company.
It's just a miner produced by another company with a kodak sticker on it and an ICO who would probably never materialize.

I'm ashamed right now for being a Kodak customer and a happy one in the past.

I don't know what for are they doing it.

Milking as much as possible from their brand.
And this thread is proof a lot will buy into this stupid ICO.

Stupid or not this will absolutely bring a lot of profit to the investors just because of the hype around all this theme. Soon we will see lots of famous and well-known companies holding ICOs. And upcoming telegram ICO only proves this point.

[stompix]

Milking as much as possible from their brand.
And this thread is proof a lot will buy into this stupid ICO.

Stupid or not this will absolutely bring a lot of profit to the investors just because of the hype around all this theme. Soon we will see lots of famous and well-known companies holding ICOs. And upcoming telegram ICO only proves this point.

And you think that money will just pour down from the sky in an endless rain....
Where is this going to come from?
How are millions of investors going to make millions?

You realize how close we are right now with this stupidity to the dot.com bubble ?
Years ago everybody tried to get online, no everybody tries to get a blockchain....
For what??? I'm going to have to change from my card that hold just euros to a hard wallet holding 5000 coins?

[cheezcarls]

From $3 to $12 is an amazing thing for traditional stockholders of Kodak until it stabilizes at between $7 to $9 per share. As for Kodak One, I think their project concept is a bit promising for photographers to license their photos and to detect if their photos are being used to other websites without permission (correct me if I'm wrong later).

I've asked them if they're having an airdrop or bounty program to spread the word, but they replied "No". Let's see if their ICO is successful after launching it. Will keep an eye on this one since it is coming from a traditional photo and camera company that filed for bankruptcy years ago.

[paloloy]

In my opinion, any popular brands or companies that are adapting blockchain into their services would make them surge even before the success of their ICO.
Just like Sirin Labs, Telegram, and now Kodak and so much more companies who used to announce their own backed blockchain or partnerships would definitely help their market share surge.
People wanted to support these products because they're already worldwide renowned.