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Photo by Paul Stewart, in Tajikistan, hello on the Bartang

I haven't been everywhere...
but it's on my list!


Photo by Paul Stewart,
in Tajikistan, a hello on the Bartang



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  #1  
Old 10 Jan 2018
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Kodakcoin to change your world
Kodak is back, in business and flourishing - or so they intend.

https://kodakcoin.com/
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  #2  
Old 17 Jan 2018
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And yet another Ponzi scheme like all the others down through history. As soon as you do a bit of digging into the digital "currencies" the same themes come out, just the same as the South Sea Bubble, Tulip Bubble, multi level marketing, $10 loan Ponzi, sub prime mortgages, derivatives.........etc etc.
Those who start the schemes get very rich very quickly, the rest are left to pickup the pieces of their lives after a $20,000 Bitcoin becomes worth minus $20,000 as regulators decide you are a drug runner.
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Old 17 Jan 2018
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Comment in a paper today - There is no limit to the number of new crypto miners, but there is definitely a limit to the number of suckers born every day. AND Fear of Missing Out is highly contagious.
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Old 17 Jan 2018
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https://davidgerard.co.uk/blockchain...e-stock-price/

There's a part 2 and part 3 as well.
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  #5  
Old 18 Jan 2018
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In a word: don't.

https://www.theguardian.com/commenti...chain-of-fools
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Old 18 Jan 2018
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BitCoin always puts me in mind of the Dutch tulip bubble:
https://www.investopedia.com/feature...s/crashes2.asp
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  #7  
Old 27 Jan 2018
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Blockchain to change your world
My OP was a short, very short, post to see what reaction might result.

Inevitably, I guess, the replies to date have taken the rather obvious routing even though the post is within the Photo Forum because this new business model, for the rather famous business brand "Kodak", is based on copyrighting of photos.

For this they will use the blockchain technology and, yes, introduce their own coin alongside the 100s of others that exist at present (Bitcoin is yesterday's news, as it happens).

Here's another example of the utility of the blockchain; change the word "car" to "motorcycle".
https://www.carvertical.com/
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Old 30 Jan 2018
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That's because the business model is a ponzi scheme. :P

The business model of using Google Reverse Image Search and then... um... asking nicely? the websites you found to license an image instead of just using it for free... well if you can make that work, good for you! No idea why somebody would pay any attention to that service though. (Any more than they would listen to Shutterstock.)

The Car Vertical thing is hilarious. It assumes some kind of magic that pulls masses of data about masses of vehicles from masses of sources (most of which are not public, charge for their data, and won't let a competitor just scrape their database and provide it to others).

In all those cases, the "coin"/"token" aspect is completely unnecessary for the business model, and is obviously a scam. As is pretty much every ICO so far.
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  #9  
Old 7 Sep 2019
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Those who start the schemes get very rich very quickly, the rest are left to pickup the pieces of their lives after a $20,000 Bitcoin becomes worth minus $20,000 as regulators decide you are a drug runner.
100% agree. There's no way one can possibly calculate and foresee the chain of events leading to the sudden rise of BTC. Those who profited are the people who done either from the gambling desire or lack of education. Because there were nothing prudent that could possibly give a hint of rising of BTC. Basically, in its deep nature, it was always gambling, and it is good for casinos and nothing more.
Last edited by Chris of Japan; 15 Sep 2019 at 10:00. Reason: Removed link to online casino.
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Old 15 Sep 2019
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Originally Posted by tormunds View Post
100% agree. There's no way one can possibly calculate and foresee the chain of events leading to the sudden rise of BTC. Those who profited are the people who done either from the gambling desire or lack of education.
Overall I 100% agree, but when these bubbles happen it is possible to personally profit from them if you're either lucky or have some degree of insight / skill etc. I know someone (and, no, it wasn't me) who is neither a gambler by nature nor uneducated who made a considerable sum of money by risking/ investing (pick your own verb) a small sum when they saw the bubble developing.

Obviously the money they ended up with had to come from somewhere and it will have been from others who didn't judge things as 'carefully' but that's the world of horse /dog racing etc; some win, most lose.
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