Photographer licenses image on KodakONE, receives KodakCOIN as payment. KodakONE uses blockchain to sell and protect the image from theft down the line. KodakONE uses lawyers to DMCA those who don't attribute or pay for the image.
I'd replace 'the' with 'any'.
Cryptocurrency allows us to avoid capital and other controls to fund a venture which would be impossible to fund otherwise.
But most ICOs are blatant scams trying to justify their useless tokens, Kodak included.
We issue dividends which is more than you can say about SNAP.
P.s. if you get the securities regulatory stuff wrong, even if the governments don’t go after you your investors have almost perfect leverage to force you out of business at any time they wish, turning that 5% investor into a 51% controlling interest, simply because you screwed up your securities offering.
Quote from one of them: There is no such things as extrajurisdictional, unless you're on the moon. My reply: If our opsec is good, we may as well be. Tor's latency even makes it feel like being in space.
If our opsec fails and I am unmasked, I will be unhappy at being caught. Successors will recover the system from backup keys and continue on. Small comfort.
P.s. if you did talk to lawyers about this, your “opsec” is probably already blown or partially blown. Attorney-Client privileges only click in if you’re their client, which you aren’t. They will remember you and connect the dots if and when the time comes for anyone to care who you are.
Communicating with a lawyer anonymously is not much more difficult than communicating with someone on HN anonymously.
Here is an article discussing some of our opsec, server-oriented: https://medium.com/@PinkDate/pink-app-trading-latency-for-an...
At least I am doing something ethical, to benefit people. This is more than I can say about working on adtech and privacy-invasive data software.
Do I get to vote? Do I get dividends? I'm personally a big fan of securities regulation. Are you going to have open financials and reporting? Why is this better?
Voting, we are uncertain how that would work but very much open to it. Dividends, yes, that is the entire point of us selling equity. This is considerably better than what you get from some publicly traded companies these days!
Open financials: We will have a certificate-transparency-style audit-log of our revenue and we will release limited financials and can discuss concerns if the revenue numbers and profits are too far apart.
This is better because before anonymity tech and cryptocurrencies...It was very difficult to invest in or even run a global escorting platform. This is due to the laws in many countries that we can now work-around. And investors can participate while maintaining their complete privacy. This is difficult with traditional government-regulated equities.
The killer feature is "lawyers armed with DMCA", not the crypto-themed CRUD app.
But that's already a crowded marketplace, and it's not clear to me why Kodak announcing they're going to enter a crowded marketplace would push their stock. Especially given that the announcement is paired with an up-front admission that they're accruing lots of useless technical debt at the beginning of the project.
I would be more inclined to invest in Kodak on the basis of this announcement if it didn't mention cryptocurrency at all.