3 ms·
If the cycle is: 1 photographer uploads photo; 2 photo consumer (e.g., magazine) pays USD to Kodak for photo usage; 3 Kodak pays KodakCoin to photographer;
by king07828 9y ago
If the cycle is:
1 photographer uploads photo;
2 photo consumer (e.g., magazine) pays USD to Kodak for photo usage;
3 Kodak pays KodakCoin to photographer;
Then it looks like a cash grab and the chances of success may be limited because there is no demand driving the price of KodakCoin.
If the cycle is:
1 photographer uploads photo;
2a photo consumer buys KodakCoins from exchange;
2b photo consumer pays KodakCoins to Kodak for photo usage;
3 Kodak pays KodakCoin to photographer.
Then it may be viable because requiring the consumer to purchase coin creates demand for the coin.