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RE: KODAK Picture company ICO Jan 31st

in #vincentb7 years ago

Hi, this is great i saw this news pop up this morning and shocked there wasnt more noise in the crypto world about this.
When i was young Kodak was a tycoon brand which stood next to the likes of Sony and other Tech giants....and then came Nokia and wiped the giant to the floor.
I also read a stat today which said at one point Kodak owned 85% of the global cameras trade.
So essentially Kodak is allowing Bitcoin miners the chance to rent out there own Kodak branded equipment for a fee (i have read up to 50% but i may be wrong).

This can be looked at i guess in 2 ways. On the one hand its good to see another company adopting to blockchain technologies and hopfully this will have a knock on effect to other sectors. On the other hand and like you hinted in your post, where has Kodak been the last few years and why should i trust them to provide me with equipment to run my own farm - and also at what fee. Bitcoin mining is become more expensive by the day and more people are turning to online crowd mining companies so if there really going to be as much demand out there. I also feel of somome is committed to there own mining rig, why not invest in the infrastructure yourself.
Sorry for rambling on!
Id love to hear your thoughts on this topic

Regards

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I agree. They could be using Blockchain as a company revival or some sort of scam to recoup some money before leaving the scene.