There isn’t yet a digital token called RichandstupidCoin, but it would almost certainly raise millions. Today’s batch of initial coin offerings, in which firms issue a token that can be used to buy and sell whatever service they are financing, includes KodakCoin. The idea is that photographers register their work on a blockchain-based rights-management system; payment for use of their images will be made with the tokens. But a crypto-currency hinders rather than helps. Why would a photographer want to be paid in a token that would be hard to turn into cash when they could use an agency that pays them with actual moolah? Kodak, which will own 3% of all the coins and take royalties from each transaction, will not care. Its shares soared when plans for KodakCoin were unveiled earlier this month, proving that fools can be parted from their money in many different markets.