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Home > Blockchain360 > Ep14 - Patrick Byrne - Overstock.com
Podcast: Blockchain360
Episode:

Ep14 - Patrick Byrne - Overstock.com
Category: Technology
Duration: 00:40:07
Publish Date: 2017-08-14 11:00:00
Description:

We interview Patrick Byrne, CEO of Overstock.com   In this interview, we discusses how he positioned Overstock as the first billion dollar company to accept Bitcoin.  As well as a free ranging discussion on blockchain, investments, and the recently announcement that Overstock is now accepting up to 45 different crypto-currencies.  Here are 7 key take-aways from the conversation:

  1. com is one of the 3 largest retailers who accept cryptocurrency payments.
  2. Overstock has almost 2 million in cryptocurrency sales annually.
  3. Overstock retains up to 50% of cryptocurrency as a ‘reserved hedge’ against market and systemic risk
  4. Blockchain will help make government honest
  5. Medici Ventures is Overstock’s investment arm, having invested 60 million in 7 blockchain companies
  6. Medici’s investments have a strategy to disrupt the capital markets with their investments.
  7. The ICO world is currently the “Wild West”

https://www.overstock.com/ http://www.mediciventures.com/ https://tzero.com/ https://en.wikipedia.org/wiki/Minsky_moment  

 

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