Quote:
Originally Posted by Xist
I found an article about Kodak creating their own cryptocurrency, their stock went up 60%, and someone commented: "Kind of funny that a washed up company mentions blockchain/crypto and its stock increases over 100%, while a highly profitable business that is one of the leaders in blockchain (IBM) keeps struggling to stay level."
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Kodak's move is predictable, and derivative. It's already been done, and done better:
Long Island Iced Tea Soars After Changing Its Name to Long Blockchain (21 Dec 17)
https://www.bloomberg.com/news/artic...ong-blockchain
Alas, irrational exuberance doesn't go on forever:
Blockchain Makeover Of A Penny Stock (10 Jan 18)
https://seekingalpha.com/article/413...er-penny-stock
Kodak's move smells like Iced Tea's desperation wrapped around store credit or in game currency with "For Photography" stamped on the box.