<story><title>Kodak’s Dubious Blockchain Gamble</title><url>https://www.nytimes.com/2018/01/30/technology/kodak-blockchain-bitcoin.html?rref=collection%2Fsectioncollection%2Ftechnology&amp;action=click&amp;contentCollection=technology&amp;region=rank&amp;module=package&amp;version=highlights&amp;contentPlacement=2&amp;pgtype=sectionfront</url></story><parent_chain><item><author>TaylorGood</author><text>The real gamble was Kodak offering their namesake in a token project for &amp;quot;no direct revenue from the public offering... receive a minority stake in WENN Digital, 3 percent of all KodakCoins issued and a royalty on future revenue.&amp;quot;&lt;p&gt;Minority ownership in a random company owned by a former fraudster and 3% of the tokens with their own name on it? So many things wrong with this. Where is the secret deal that made this happen? Did the Kodak CEO get 40% of the tokens in his personal wallet? For a multi-decade, legacy brand to entrust that guy with their future is rather bizarre. If this fails, it is quite possibly the last nail for Kodak..</text></item></parent_chain><comment><author>toomanybeersies</author><text>Kodak died 6 years ago when they went bankrupt, and split into 2 Kodaks: Alaris and Eastman. EastMan Kodak is the one that we&amp;#x27;re talking about here. They mostly make money by selling their brand name. That Kodak phone that came out a couple of years back was made entirely by another company, and Kodak just slapped their brand name on it for some cash.&lt;p&gt;Kodak Alaris is the company that makes photographic film (but not cinema film, that&amp;#x27;s Eastman). They&amp;#x27;re not going anywhere fast. I think that the number of film shooters, and demand for film, is going to stay relatively constant for the next decade.</text></comment>
<story><title>Kodak’s Dubious Blockchain Gamble</title><url>https://www.nytimes.com/2018/01/30/technology/kodak-blockchain-bitcoin.html?rref=collection%2Fsectioncollection%2Ftechnology&amp;action=click&amp;contentCollection=technology&amp;region=rank&amp;module=package&amp;version=highlights&amp;contentPlacement=2&amp;pgtype=sectionfront</url></story><parent_chain><item><author>TaylorGood</author><text>The real gamble was Kodak offering their namesake in a token project for &amp;quot;no direct revenue from the public offering... receive a minority stake in WENN Digital, 3 percent of all KodakCoins issued and a royalty on future revenue.&amp;quot;&lt;p&gt;Minority ownership in a random company owned by a former fraudster and 3% of the tokens with their own name on it? So many things wrong with this. Where is the secret deal that made this happen? Did the Kodak CEO get 40% of the tokens in his personal wallet? For a multi-decade, legacy brand to entrust that guy with their future is rather bizarre. If this fails, it is quite possibly the last nail for Kodak..</text></item></parent_chain><comment><author>mv4</author><text>Exactly. For them, to team up with WENN on this was insane.</text></comment>