So, I got my bearings on this one -
As most of us heard, KODAK is doing an ICO!! oh, oh - and MINING!!
1st:
ICO opens Jan 31 for their proposed coin, which will do even better than their 200% stock gain since announcement. Many, MANY people will be buying into the coin, if only because of the name. It's proposed value will likely only be seen within their platform, as related to digital rights management assets (being able to pay for use of protected material.)
2nd:
Probably the WORST idea ever - they're also opening the doors for mining; even having presented their cloud miner at CES. Their documentation shows their lack of information on the crypto industry. Their unreal expectations of ROI, not considering the ever-increasing hashrates affecting pay-out, a silly 2-year contract, and funniest of all is their indication that they'll be using a "joint" Coinbase account! (lmao)
My conclusion is that they're either purposefully scamming & attached themselves to the blockchain brand, whereby increasing stock prices, so they can exit their stock at an even higher price, or they truly just don't know what they're doing.
It's a joke, but the punchline will be that you can get in and take a pretty good win, if you know what you're doing. I'll likely participate and make some coin....er, KODAKcoin.
credit Chris Hoffman for photos
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