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Discussion in 'General Discussion' started by Panther, Jan 10, 2018.
KODAKONE – KODAKONE
Kodak Joins Cryptocurrency Craze with 'KODAKCoin', Stock Surges
I read that yesterday....an interesting concept. Seems like all you have to do is mention "blockchain" or "cryptocurrency" in a press release these days and the public goes gonzo over your stock.
And in other news, Ford is going to begin making the Edsel again.
When did they stop?
This story gets better, a LOT better. Kodak will lease you a Bitcoin mining machine...and only take half of what it mines. Chris Hoffman described this perfectly "This is the dumbest (insert fecal matter) I've ever seen at CES"
Wait, It Turns Out KodakCoin Is Not the Only Crypto Trick Kodak Has Up Its Sleeve
Interesting and slightly disturbing reading about cryptocurrency. I have to say I do not have a clue what it is all about and just see negatives. As I do not understand it I would not buy into it as I do not know how to play the game (and win!)
I would be quite influenced by what the Sage of Omaha says:
Buffett on cryptocurrencies: 'I can say almost with certainty that they will come to a bad ending'
I totally agree. When confidence is lost and the crash comes everyone will say they always knew it would happen, that it was a new sort of Ponzi scheme, why didn't the government do something and so on.
If I had any I would sell them immediately. I suspect the creator of each cryptocurrency gradually sells their initial holdings, pockets the profits and then keeps well clear.
Having said that there are genuine sensible uses for blockchain technology, but cryptocurrencies is not one of them.
I liked the Dpreview comment about no its not the 1st of April
and Kodak's stock went from 0 to nothing....
I agreed! I guess I would view this whole "trend" as anything else new and hot... I am not one to jump in on it... those who want to risk their $$$, fine. I will take the wait and see approach, as these things usually balance out. If it's not to be, the market will tank. If it is, then it will last, and while the crazy gains won't be the same (nor will the potential crazy losses), if it's going to last, it will eventually settle into a value that it can/will maintain long-term.
This is interesting. It is not the real Kodak doing this it is just a Kodak branding, see this article on dpreview Kodak didn't get into cryptocurrency and bitcoin mining, "Kodak" did. If Kodaks share are still up and If you have any maybe selling them while they are up would be a good idea...?
I know someone who tried to short them last night, broker couldn't find any available.
This is a big scam. I've dealt with the people who are starting this. Not trustworthy at all.
That's awfully curmudgeonly. Not that there's anything wrong with that.
I agree! Apologies to any and all Ford fans. Just could resist.
Not being critical, just snarky. As one curmudgeon to another, you know, professional courtesy.