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Kodak Bitcoin Kashminer Turns Out to be Scam

posted by mrpg on Tuesday July 17 2018, @12:00AM   Printer-friendly
from the krazy-kodak-kashminer dept.

kazzie writes:

From the BBC:

The company behind a Kodak-branded crypto-currency mining scheme has confirmed the plan has collapsed.

In January, a Bitcoin mining computer labelled Kodak KashMiner was on display on Kodak's official stand at the CES technology show in Las Vegas.

But critics labelled it a "scam" and said the advertised profits were unachievable and misleading.

Now the company behind the scheme says it will not go ahead. Kodak told the BBC it was never officially licensed.

An up-front investment of $3,400 to rent a box that will generate $375 a month in bitcoin? I hear the word "ponzi" on the breeze...

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  • (Score: 0) by Anonymous Coward on Tuesday July 17 2018, @03:03AM

    by Anonymous Coward on Tuesday July 17 2018, @03:03AM (#708191)

    There is a lot more money to be made from pulling fast ones than there is in cultivating trust.

    It may have taken a family and a church 20 years to raise a child from a baby to a trusting obedient order follower.

    Once the sheep have become skittish, now you have to go chase 'em down and confine them, maybe even have to kill 'em, to shear them again. Poor shepherd indeed that has his sheep so distrusting they run away from the shepherd.