Wow. Bitcoin is almost $1,500

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destrekor

Lifer
Nov 18, 2005
28,799
359
126
And here we have the...

Kodakcoin Miner ! :eek:

http://www.bbc.com/news/technology-42630136

Actually that's a Bitcoin mining service Kodak launched, they (or a partner company) are renting out time/processing on the slew of miners they have connected. They are also using excess power from an onsite power plant at Kodak's HQ to provide electricity at a cost of 4c/kWh so overall not a bad way to go. Kodak is struggling to figure out how to truly survive in the digital era, most everything with their name on it is produced by 3rd parties under license. Thankfully some big film directors are doing their part to contract with Kodak for regular film production to ensure film's survival for cinema in the near-term.

I like the idea of the Kodakcoin though, that is, if they can get the blockchain licensing/copywriting/watermarking service down so that not only is usage tracked but perhaps even actively blocked if a photographer has a right to deny that specific use (commercial as opposed to fair use). If a retraction can be sent through the blockchain to deny access that would be sweet. But there'd have to be some kind of fair-use mechanism or appeal or something if that were to be the case.
 

Yakk

Golden Member
May 28, 2016
1,574
275
81
Actually that's a Bitcoin mining service Kodak launched, they (or a partner company) are renting out time/processing on the slew of miners they have connected. They are also using excess power from an onsite power plant at Kodak's HQ to provide electricity at a cost of 4c/kWh so overall not a bad way to go. Kodak is struggling to figure out how to truly survive in the digital era, most everything with their name on it is produced by 3rd parties under license. Thankfully some big film directors are doing their part to contract with Kodak for regular film production to ensure film's survival for cinema in the near-term.

I like the idea of the Kodakcoin though, that is, if they can get the blockchain licensing/copywriting/watermarking service down so that not only is usage tracked but perhaps even actively blocked if a photographer has a right to deny that specific use (commercial as opposed to fair use). If a retraction can be sent through the blockchain to deny access that would be sweet. But there'd have to be some kind of fair-use mechanism or appeal or something if that were to be the case.

Yeah, my bad, I just like the word "Kodakcoin"...

yup that's the mining service they want to offer... which really doesn't seem to add up pricewise at first glance. Gonna have to take a bit of time do the math properly.
 

momeNt

Diamond Member
Jan 26, 2011
9,297
352
126
And VEN is skyrocketing and I wasn't able to get all the capital I wanted into it. No Lambo for me, but Zeze can fix his frozen pipes now.
 
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Reactions: Zeze

[DHT]Osiris

Lifer
Dec 15, 2015
14,104
12,209
146
If you truly believe in it, it's best to just forget about it, you'll develop weak hands at some point throughout the game.

You can be this guy - https://gizmodo.com/man-forgets-about-buying-27-of-bitcoin-is-now-worth-a-1454150399
*notes the date on the article*
*notes it commenting on the price 'skyrocketing to $197'*
*calcs his investment currently at around $75mil if he's HODL'd*
Sucks that he spent a fifth of it on an apartment, he could be retired damn near anywhere he wanted at this point.
 

Arcadio

Diamond Member
Jun 5, 2007
5,637
24
81
If Kodak believes in crypto and the blockchain, they deserve to get themselves our of their hole.
 

Ns1

No Lifer
Jun 17, 2001
55,413
1,570
126
I have to unsubscribe from this thread because every time I click on it I get sad about all the money I missed out on.
 

momeNt

Diamond Member
Jan 26, 2011
9,297
352
126
*notes the date on the article*
*notes it commenting on the price 'skyrocketing to $197'*
*calcs his investment currently at around $75mil if he's HODL'd*
Sucks that he spent a fifth of it on an apartment, he could be retired damn near anywhere he wanted at this point.

Oh haha! I barely read it so I missed that.
 

pete6032

Diamond Member
Dec 3, 2010
7,481
3,034
136
I was thinking about the incredible arbitrage opportunity between the bitcoin, eth, and other coins prices in US vs South Korea. It seems like there is big enough price difference to make it lucrative and very worthwhile to buy the coins in the US and send it to Korea to sell it there. The problem is getting the money out of South Korea but you just have to get creative. This seems like no-brainer. What am I missing?

EDIT: NVM, I just read about the South Korea's Financial Services Commission Chairman's speech on cracking down on bitcoin money laundering. I don't want to be involved when regulators are looking to put the hammer down on the practice.

There are arbitrage opportunities among a number of exchanges, the question is, do you have enough capital to make money even after trading fees and taxes?
 

Yakk

Golden Member
May 28, 2016
1,574
275
81
There are arbitrage opportunities among a number of exchanges, the question is, do you have enough capital to make money even after trading fees and taxes?

At gaps between 2K to as much as 4K on some exchanges... yes lots of room for profit.
 

Yakk

Golden Member
May 28, 2016
1,574
275
81
Saw interesting statistics today concerning Github & Bitcoin development:

Bitcoin Core Git Stats 2017:

- Total pull requests created: 1'843 (~5 per day)

- Merged pull requests: 1'195 (~3.27 per day)

- GitHub comments/reviews: 21'153 (~57.95 per day)

- Commits: 3'277 (~8.98 per day)

- Git contributors (merged code): 161

- GitHub contributors: 713

I had no idea there was that much activity and peer review for Bitcoin, great news.
 

Zeze

Lifer
Mar 4, 2011
11,116
1,023
126
I have to unsubscribe from this thread because every time I click on it I get sad about all the money I missed out on.
Greed is at every level.

I got in ripple at 1.05 and ven at 1.20 and I wished I spent all my play money on it that day.

Instead I eased in... bought more at 1.35 ripple and ven at 3.50.

A coworker of mine bought ripple at 0.54. He too wishes he bought more.


I have to unsubscribe from this thread because every time I click on it I get sad about all the money I missed out on.
 

Zeze

Lifer
Mar 4, 2011
11,116
1,023
126
I'm gonna do price prediction for end of December 2018. It's completely pulled out of my ass and based on nothing.

BTC = $25,000 (yes this means btc isn't even top5 or top 10 in market cap. I just don't see use case of BTC. Replacing fiat via some kind of a revolution and bypassing establishment banks just seem like a pipe dream, even after 3 -5 yrs)
ETH = $3K
VET = $50
XRP = $12
ICX = $70
XRB = $120
DBC = crashed and burned or hover as same as today
Lots of alt coins die out.. if you look at 2017 january coinmarketcap snapshot, you don't see 80% if those coins today.

I also think several new alt coins that don't exist now flourish...similar to how FB and Google didn't come into dominance well after yahoo, aol, myspace, etc

Hopefully I'm at least right and we make some good money. Or everything crashed. Or it even mooned 100x.
 
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Worthington

Golden Member
Apr 29, 2005
1,433
17
81
For what it's worth, Binance is accepting new users as of 9:00 PM eastern. Don't know how long they'll keep it open but for those who have been waiting to get in.. get in while the getting is good.
 

Zeze

Lifer
Mar 4, 2011
11,116
1,023
126
Great news today for VET/N holders

https://www.reddit.com/r/Vechain/comments/7pfbxt/httpsbreyercapitalcomportfolio/?sort=confidence

Jim Breyer

James W. Breyer (born July 1961) is an American venture capitalist, founder and CEO of Breyer Capital, an investment and venture philanthropy firm, and a partner at Accel Partners, a venture capital firm. Breyer has invested in over 40 companies that have gone public or completed a merger, with some of these investments, including Facebook, earning over 100 times cost and many others over 25 times cost. On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion.

https://www.forbes.com/profile/jim-breyer/?list=midas
 
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momeNt

Diamond Member
Jan 26, 2011
9,297
352
126
I'm gonna do price prediction for end of December 2018. It's completely pulled out of my ass and based on nothing.

BTC = $25,000 (yes this means btc isn't even top5 or top 10 in market cap. I just don't see use case of BTC. Replacing fiat via some kind of a revolution and bypassing establishment banks just seem like a pipe dream, even after 3 -5 yrs)
ETH = $3K
VET = $50
XRP = $12
ICX = $70
XRB = $120
DBC = crashed and burned or hover as same as today
Lots of alt coins die out.. if you look at 2017 january coinmarketcap snapshot, you don't see 80% if those coins today.

I also think several new alt coins that don't exist now flourish...similar to how FB and Google didn't come into dominance well after yahoo, aol, myspace, etc

Hopefully I'm at least right and we make some good money. Or everything crashed. Or it even mooned 100x.


which exchange are you using for XRB?
 

Red Storm

Lifer
Oct 2, 2005
14,233
234
106
coinmarketcap also shows you what markets a particular coin is listed on.

Really kicking myself here for not having picked up some VEN/VET.

It's still sub $10, it's going to be worth a lot more later this year (maybe even next week). I'm still waiting for a wire to clear so I can add more.
 

Zeze

Lifer
Mar 4, 2011
11,116
1,023
126
Really kicking myself here for not having picked up some VEN/VET.
There's countless ways to kick yourself for missing out. I was contemplating jumping in on DBC at 8 cents.., just over a week ago. Shilling was real on reddit but it just felt iffy - distributed AI solution for med businesses?

Well it's 38 cents now.

It would've been a good short-term ride then dump it to VET.
 

Zeze

Lifer
Mar 4, 2011
11,116
1,023
126
Man, Coinbase must be making bank.

1.5% buying fee..
 
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FelixDeCat

Lifer
Aug 4, 2000
29,175
2,041
126
Kodak coins? WTF? Now I know the days of this hysteria are limited.

2018...The year everyone woke up and realized ethermoney is exactly that - ether!