Re: Crypto Currency
Originally Posted by
audiopile
You are not missing anything. Maybe someone with a little deeper understanding can correct me here but the Kodakcoin in this case is simply a tool that the company would use to transfer the funds between the two parties accounts directly. Say from YEN to EUROS without the need for exchange rates and bank transactions.
At this point in time I can buy a bitcoin with dollars and take it out in EUROS and don't need to go to a bank, so I would think this is a similar concept.
But aren't there still transaction costs to get from Kodakcoin to a currency the photographer can use in day-to-day life? Further, given the massive instability of these crypto currencies isn't your run of the mill photographer going to be paid wildly different amounts (in their native currency) depending on the day (or hour) in which they get paid?
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G, A, P, PIM, PPP, SHP, GWG, SOG, Hits, W, SV%, GAA, SVs
C: C. Keller, C. Mittelstadt, B. Nelson, R. Strome,
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