Topic: kodakcoin - new dawn or beginning of the end? - page 2. (Read 388 times)
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.
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?
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/
Quote
For example, Bitcoin Services, formerly known as Tulip BioMed, saw its stock increase by as much as 42,500% last year.
Quote
Hong Kong-based UBI Blockchain Internet—previously known as JA Energy—soared more than 20,000% before regulators halted buying and selling. Trading was temporarily suspended on Jan. 5 by the SEC (pdf), which said it had questions about the accuracy of the company’s regulatory filings and “unusual” market activity.
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?
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.
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.
We have greed and bs ICOs to thank for that.
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?
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?
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