Vid: Overstock’s Patrick Byrne on Bitcoin, Net Neutrality ...

Really impressive presentation, worth every minute. Patrick Byrne at CATO.

Really impressive presentation, worth every minute. Patrick Byrne at CATO. submitted by teelm to Bitcoin [link] [comments]

Remember: Bitcoin Cash is solving a problem Core has failed to solve for 6 years. It is urgently needed as a technical solution, and has nothing to do with "Roger" or "Jihan".

I'm finding that "history lessons" are needed more and more, as thousands of new people swarm into crypto and land on the highly one-sided, heavily censored bitcoin sub. There are even misinformation "reps" like bitusher in r / BitcoinBeginners blatantly lying to people that are new. As a result, these newcomers have no understanding of the original purpose of Bitcoin nor its raison d'etre.
Roger puts himself out there. But Roger is neither our "leader" nor our "figurehead". He's an individual. An individual with strong ideals who doesn't do this for the money because he is already staggeringly wealthy from Bitcoin. He supports this movement because he is (and always has been) an outspoken advocate of financial sovereignty, freedom of speech, and freedom from tyranny.
Bitcoin Cash is a technical solution to a technical problem that has been ignored for too long. A problem that individuals, business, and miners have presented to Core with both urgency and utlimately anger, since 2012. Gavin Andresen, Satoshi Nakamoto's right hand man has stated publicly that "Bitcoin Cash is the Bitcoin" he was working on in 2010. Vitalik Buterin, founder of Ethereum has publicly called out mods of Bitcoin for censorship of Bitcoin Cash. As far back as 2012 Gavin was expressing serious concern about the Core Dev team as being both "ineffective and unproductive as egos were too big, and infighting was more prominent than forward progress" (paraphrase).
Understand something:
Bitcoin Cash proponents are people who actually care about Bitcoin and why it was made. These are people who had dreams of Bitcoin bringing financial sovereignty to countries whose Governments steal citizens money right from their bank accounts without asking permission. Andreas Antonopoulos used to speak of Bitcoin bringing Banking to the poorest in the world. Companies were being built to swoop into Africa and bring micro-transfers to the SMS financial system that currently services hundreds of millions there.
The attack on Bitcoin has been under way since 2012. And it hasn't been from Bitcoin Cash. The attack was the "opportunity cost" inflicted on Bitcoin by an apathetic and out-of-touch development team that wouldn't enhance it. Fidelity came and went. NASDAQ came and went. Patrick Byrne - Bitcoins biggest fan, wanted to build the first decentralized stock exchange atop Bitcoin but found it too slow and expensive to coopt.
BitWage was created to enable salaries in Bitcoin and begin the much needed "closed-loop" system that would enable people to be paid in bitcoin, and in turn pay rent, buy groceries, and one day pay taxes in bitcoin. Never needing to cash out to Fiat. These are the dreams of those who support Bitcoin Cash. This is why there is such passion behind this movement.
What does this have to do with Roger Ver? Nothing.
The first wave of Bitcoin Cash adoption has already begun. And its coming from Merchants. Merchants who've become unable to conduct business with BTC due to high fees and 24+ hr transaction times. Cores failure to keep Bitcoin relevant and functional is the reason Bitcoin Cash is seeing any success at all with Merchants and users. Bitcoin Cash never needed to exist. It exists because of Core.
Before the shit finally hit the fan, Brian Armstrong, CEO of Coinbase flew to meet with Core developers to try and finally get a solution in place. He walked away from that meeting declaring: Having Core as the only Dev Team is Bitcoin's Biggest Systemic Risk:
He wrote:
"The Core team contains some very high IQ people, but there are some things which I find very concerning about them:"
1) Some of them show very poor communication skills or a lack of maturity — this has hurt bitcoin’s ability to bring new protocol developers into the space.
2) They prefer ‘perfect’ solutions to ‘good enough’. And if no perfect solution exists *they seem ok with inaction*, even if that puts bitcoin at risk.
3) They seem to have a strong belief that bitcoin will not be able to scale long term, and any block size increase is a slippery slope to a future that they are *unwilling to allow** .*
"Even though core says they are ok with a hard fork to 2MB (they have it on their own roadmap, just very far in the future), they refuse to prioritize it. They prefer to withhold something that could help the network now, because they don’t trust the community to make educated decisions in the future"
Bitcoin Cash is the solution to the problems Brian outlines above.
Bitcoin Cash exists because of Core. Not because of Roger Ver.
Bitcoin Cash solves a problem that has remained unsolved for too many years.
submitted by BitttBurger to btc [link] [comments]

Nasdaq planning to use Ravencoin to launch a security token platform?

So we know Nasdaq is planning on entering the tokenized securities market, but in case you missed it:

https://theblockcrypto.com/2018/10/12/nasdaq-is-looking-at-gatecrashing-a-red-hot-industry-with-a-platform-to-issue-tokenized-securities/

In the article there's a relevant quote: "Nasdaq is speaking with a number of firms as part of its efforts, including blockchain startup Symbiont".

Here's another article: https://www.livebitcoinnews.com/nasdaq-reportedly-considers-creating-platform-for-cryptocurrency-security-tokens/

"Reports indicate that Nasdaq is pushing through with these plans, holding high-level talks with Symbiont – a blockchain startup focusing on institutional blockchain solutions. According to the inside sources, the proposed Nasdaq platform will both issue and trade cryptocurrency security tokens."

What does Symbiont have to do with Ravencoin? Well, follow the trail...here's a news release from Back in mid-2017: https://globenewswire.com/news-release/2017/07/19/1054397/0/en/Medici-Ventures-Announces-Strategic-Investment-in-Symbiont.html

"Medici Ventures and Symbiont today announced the completion of a strategic investment in Symbiont by Medici Ventures, a major investor in blockchain technology. As part of the new relationship, the two companies will collaborate on strategic projects involving both Medici Ventures and its parent company, Overstock.com Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform : OSTKP) / Series B Preferred (OTCQX:OSTBP)."

Now we already know Patrick Byrne/Overstock.com is a big fan of Ravencoin, and has helped fund development: https://www.youtube.com/watch?v=lEaqCdind2Y

"Ravencoin, I think it's Bitcoin 3.0"...

https://youtu.be/wLUshd-b6Lc?t=75

"Well I'm not really interested in cryptocurrencies per se. Although in general, I guess there's nothing wrong with me saying there is an open-source project of which I'm really letting something big out of the bag here. I'll tell you. But there's an open-source project called Ravencoin, which Overstock has put millions of dollars into teams. We have people contributing to this open-source project. We think this coin actually has quite a future. It's about — it's bitcoin, but a thousand times more energy efficient. And there's other real interesting virtues to it — so Ravencoin. But other than that, I stay out of the cryptocurrency game. I'm building the — we're focusing on applications of this technology and not just betting on coins themselves."

We also know they unveiled tZero at the Nasdaq headquarters back in late 2015: https://www.coindesk.com/overstock-unveils-blockchain-trading-platform-to/

Byrne has also talked about tZero partnering with Symbiont "at some point", check page 12 of their earnings call transcript back in March of this year: http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NjkwNjMwfENoaWxkSUQ9NDAxMjM0fFR5cGU9MQ==&t=1

"There's all kinds of -- tZero and Symbiont are wonderful partners at some point. So this ecosystem may seem random, but there's a real underlying structure to it."

and page 14 with Byrne's comments in Ravencoin:

"Next, just so I never mention or could be accused of not mentioning it, I'm going to mention Ravencoin, which is -- put this in the category of Texas
Gulf Sulphur. I have now officially publicly mentioned Ravencoin. Don't know what it's worth, I probably should disclose we have over 60 million
of these; it's currently trading at $0.03 a piece, so a couple million bucks, nothing to get excited about. Who knows? But it's not our coin it's an open source project, of which we became quite enamored and we threw in several millions of dollars of developers to help it along and such, it's a very
interesting project, and that's enough."

So are Nasdaq/Symbiont/Medici Ventures/Overstock/tZero/Ravencoin planning something huge behind the scenes? I highly doubt Nasdaq will just sit back and let ICE/New York Stock Exchange have all the fun with Bakkt.
submitted by coalission to Ravencoin [link] [comments]

Some thoughts about the possible Bitcoin Segwit, Bilderberg/AXA/BockStream/Core, In-Q-Tel, CIA connection.

I noticed a lot of people mentioning Bilderberg's connection to AXA and BlockStream, recently with Jeff Berwick's two videos going viral as seen here and here. It has been something I have been trying to warn people of for a while, and if you don't know what Bilderberg is you really need to watch this excellent documentary about it. The current chairman of the Bilderberg steering committee Henri de Castries was also CEO of AXA until he announced retirement in 2016. AXA is one of the main funders of BlockStream and Bitcoin Core development. As one of the biggest insurance companies in the world AXA also benefits from the legacy too-big-to-fail bailout system, and Bitcoin is a threat to their way of life. AXA are also funding technocratic totalitarian smart cities, where they team up with governments for full control. It is not surprising that they would want to get their fingers into Bitcoin.
Now lets dig a little deeper. About 6 or 7 years ago, right before Satoshi disappeared, Gavin Andresen was invited to speak at the CIA. He got an invitation directly from In-Q-Tel the CIA's venture capitalist funding arm. Gavin mentions how In-Q-Tel reached directly out to him in this video @ 13sec mark (I am not endorsing the rest of the content of this video). In-Q-Tel basically helps fund and invest in companies that help equip the CIA with the latest information technology and capabilities. You can look on In-Q-Tel's website and see that they publicly invest in many innovative tech companies. Some of these are public, there are no crypto companies listed, but they also at times make private investments as well. Makes you wonder because they were interested enough to phone up Gavin Andresen personally and invite him for a speech, so in my opinion its highly likely they are investing somewhere in this space, and for what ends? We don't know. We do know that certain companies have captured the Core developers, and blocked common sense progress on Bitcoin, and that should be alarming.
Further evidence that shows some type of coordination between these groups comes from Peter Thiel who has recently advocated against Bitcoin as a cash system, and instead is pushing it as a settlement system, the same narrative of BlockStream Core. It may also be interesting to know that Peter Thiel has also attended Bilderberg regularly and defends Bilderberg's secretive nature. Thiel also is partnering with In-Q-Tel and the CIA with his company Palantir, which spies on everybody. It is also interesting that at least one other VC funding firm Khosla Ventures invested in BlockStream, and also in the past has helped fund other companies that are working with In-Q-Tel. This was just from some quick research, only scratching the surface.
I find these connections somewhat alarming, considering all of the community attacks I have seen going on. Its possible that some groups are trying to strangle and control and co-opt Bitcoin. It would make sense that they might try to force everyone off of the old model by jacking up fees, so users are herded onto something new in a 2nd layer solution that is more easily controlled. I believe segwit allows them to create an open door for trying to encourage Bitcoiners to move into their system, and the high fees is what they hope pushes users through that door. This is probably why we see so many attempts to move away from Satoshi's vision and the whitepaper. Its why we see such a lack of common sense to simply raise the blocksize capacity. Its why we see such draconian censorship, dirty tricks, lies, and diabolical political tactics. Ultimately I don't want to draw any final conclusions, but I feel these facts should be brought to the table for people to decide for themselves.
submitted by cryptorebel to btc [link] [comments]

Forbes mentioned my youtube channel in a bitcoin article today :)

Today Forbes quoted an interview I released this week with Patrick Byrne:
https://www.forbes.com/sites/billybambrough/2018/11/07/bitcoin-ticks-higher-as-overstock-ceo-predicts-a-cryptocurrency-revolution/#6dda766a309e
Bitcoin bull Patrick Byrne, Overstock's CEO, meanwhile told crypto YouTuber Naomi Brockwell he is still expecting the mass adoption of cryptocurrency and the collapse of the current established financial system.
"People turn to it where they collapse, like Venezuela or Cyprus or Syria, something like that," Byrne told Brockwell. "When people start getting into it is when their own financial systems collapse. So yes, given that I think the entire modern financial system is a big Keynesian, magic money tree Ponzi scheme, I do expect that the day will come when people turn to crypto.
submitted by naomibrockwell to btc [link] [comments]

All New comers here because of RVN now #58th - Here is a bit of intro to RVN incase you are wondering...

For those who are new. RVN is being built to serve as a platform that will transform the future of asset/ security tokenization. It aims to do one job really good - asset / security tokenization. Patrick Byrne (overstock.com ceo) has spent over $110 million getting all the regulatory clearance to make asset tokenization possible and RVN is one of his baby projects that he has supported from the start. RVN is a fork of Bitcoin and unlike Bitcoin it doesn't want to be a currency. Also/ Unlike Ethereum is does not want to be the "digital oil" for everything. It has a laser focus strategy on building the right platform for asset / security / stock tokenization. One of the coolest features of RVN is dividend payouts and ability to 'message' coin/share holders - currently not possible on Ethereum. Also, creating any asset class on RVN will lead to a burn of 500 RVN coins from the network - hence a built in mechanism to help w/ the value of RVN and prevent spam. Within RVN chain one can include pictures / links / contracts / data as IPFS. Additionally RVN is ASIC-resistent - meaning, there is an in-built fair mechanism of POW for all types of miners.
  1. First $3.6MM securities token transfer (Forbes): https://www.forbes.com/sites/rachelwolfson/2018/12/18/medici-ventures-completes-3-6-million-securities-token-transfer-using-the-ravencoin-blockchain/#28d326dc4d40
  2. Blockchain Tech Stack for Civilization by Patrick Byrne (CEO of Overstock.com): https://www.youtube.com/watch?v=qP8g7eAPUQc
  3. Bitcoin Messiah (Patrick goes unplugged): https://www.youtube.com/watch?v=n1haEra023s
  4. A lot of MOU's (ex: land governance in Rwanda): https://www.apnews.com/ed58061703257ca18f3ff58132ecd668
  5. Securities being traded by investors: https://www.floblockchain.org/tzero/
  6. Explore assets on RVN: https://ravencoin.asset-explorer.net/

Total Assets Created: 18124 * 500 (Burnt) = 9,062,000 gone // it ain't a lot but as more assets get created, more RVN consumed. Different (but a bit similar) to how DAI on ERC-20 leads to locking up of ethereum on CDPs. If a portion of ethereum 'gas' was burnt, we would have the same RVN effect.

What else did I miss ?
submitted by mqrasi to Ravencoin [link] [comments]

Super excited to have my YouTube channel mentioned in Forbes today!

Today Forbes quoted an interview I released this week with Patrick Byrne:
https://www.forbes.com/sites/billybambrough/2018/11/07/bitcoin-ticks-higher-as-overstock-ceo-predicts-a-cryptocurrency-revolution/#6dda766a309e
Bitcoin bull Patrick Byrne, Overstock's CEO, meanwhile told crypto YouTuber Naomi Brockwell he is still expecting the mass adoption of cryptocurrency and the collapse of the current established financial system.
"People turn to it where they collapse, like Venezuela or Cyprus or Syria, something like that," Byrne told Brockwell. "When people start getting into it is when their own financial systems collapse. So yes, given that I think the entire modern financial system is a big Keynesian, magic money tree Ponzi scheme, I do expect that the day will come when people turn to crypto.

submitted by naomibrockwell to Bitcoin [link] [comments]

A Spy in the House of Byrne—The Ledger

_(This week’s Ledger newsletter is by David Z. Morris)_The crypto industry can be roughly divided into two groups. On the one hand, there are “crypto native” companies creating new things from scratch (think Binance or Brave). On the other hand are existing operations trying to use blockchain tech to get a further edge (think ICE’s Bakkt or Facebook’s Libra).
And then there was Patrick Byrne, who had a foot in both worlds—sometimes uncomfortably.
The CEO for two decades of e-commerce pioneer Overstock.com, Byrne became a vocal crypto proponent around five years ago, and has worked since then to position the company as a blockchain leader. Overstock was the first major online retailer to take payments in Bitcoin, starting in early 2014. The same year, Byrne began work on “tzero,” a blockchain-based alternative to traditional securities exchanges. Then he founded Medici Ventures, a venture fund and incubator that houses 18 blockchain startups within Overstock.
And now, it appears, he’s gone. Byrne resigned suddenly as CEO of Overstock last Thursday, after mounting controversy surrounding his past romantic relationship with alleged Russian agent Maria Butina. Butina is now serving an 18 month prison sentence for conspiring to promote Russian interests through conservative U.S. political groups.
Byrne’s statements on the matter have been vague and conspiratorial, including references to the “Deep State” and “Men in Black” who Byrne says drew him into “certain government matters.” He subsequently made detailed claims that the FBI directly encouraged his relationship with Butina circa 2016 as part of an investigation into Russian activities (claims dismissed by then-FBI director James Comey). Byrne says he’s resigning because these entanglements “may affect and complicate all manner of business relationships,” and that he’ll be “disappearing for some time.”
This is the sort of weirdness you’d expect from the wild-west world of crypto-natives, not a public company valued at more than $1 billion as recently as a year ago. But Byrne was known as a bit of a loose cannon well before Bitcoin was invented, most notably for his aggressive (and also frequently conspiratorial) campaign against naked short sellers. (You can read _Fortune’s_coverage of those battles here.)
This very enjoyable profile from Forbes dives into Byrne’s privileged and unconventional background—he has a PhD in philosophy from Stanford, and is apparently close friends with Warren Buffet through Byrne’s father. It also paints Byrne as easily distractable, and Overstock’s blockchain ventures as a boondoggle that’s destroying a once-profitable company.
The boondoggle part might wind up coming true, but if Overstock’s blockchain efforts are a risky bet, they’re anything but a lark. I spent some time at the company’s headquarters in Salt Lake City this past spring, and with Medici, Byrne has built a team that’s both technically savvy and fairly unified in its deeply-held crypto-native worldview. Most notably, Medici is a hotbed of thoughtful skepticism towards government, with managers and coders ranging from left-wing anarchists to free-market libertarians. There are even signs that Overstock’s presence is helping turn Salt Lake City into a blockchain hub with its own unique feel—for instance, the Off Chain conference there caters to the overlap between crypto, firearms, and “prepping.”
Byrne himself often described his worldview in libertarian terms, and he’ll be succeeded by Jonathan Johnson, who shares much of Byrne’s outlook on both politics and blockchain. Johnson is currently head of the Medici unit, and he’ll shoulder Byrne’s CEO duties on an interim basis. He’s a steady, composed counterpoint to Byrne’s swashbuckling verve, as well as a thoughtful strategist. Most significantly, his rise to the head job, even if temporary, signals that Overstock intends to stick with its blockchain bets.
The question now is whether some of those bets hit before Overstock’s retail revenues fade.
One final note: We’re running lean here at The Ledger this month, in part because Jeff Roberts is on book leave (look for his cryptocurrency magnum opus from Audible soon). That’s why they handed the reins over to me, the new guy. I recently joined the Fortune team from BreakerMag, a now defunct but much-loved blockchain-focused publication. In addition to reporting on the world of digital assets and decentralized technologies, I’ll be writing about A.I., Tesla, and other techie matters. I’ll also be authoring this newsletter every once in a while—hopefully, from here on out, with a header that actually has my name on it. Glad to know you.
David Z. Morris |@davidzmorris| [email protected]
* More Details Here
submitted by acerod1 to Business_Analyst [link] [comments]

Great Presentation by Caitlin Long! Check out min 16:45 great chart of the current settlement layer concerning stocks.1 company owns all the stocks for real! Makes you realize the push for btc to have complex settlement layers just replaces the one that exists currently!

Great Presentation by Caitlin Long! Check out min 16:45 great chart of the current settlement layer concerning stocks.1 company owns all the stocks for real! Makes you realize the push for btc to have complex settlement layers just replaces the one that exists currently!
Caitlin Long Presentation This is a great presentation very easy to follow and makes so much of what has happened with BTC in the past 3-4 years make sense. The Bitcoin.com podcast interview with Patrick Byrne has him explaining how back in the day guys would run around wall street with sacks of actual stock certificates. Now, just one company literally holds all the stock certificates and then writes IOUs to custodians down the line! Nuts! Then Caitlin Long's presentation shows how it allows for more stocks to be issued than actual certificates exist. She gives examples at the end of the presentation including US Treasuries. So there are two times more treasuries/bonds issued than exist. This level of stock inflation is nutty. In the bitcoin.com podcast Patrick Byrne predicts a total meltdown of the financial system and then when that happens everything in the financial world transfers over to crypto. Made me think of Bakkt and an ETF etc. slowly coming out so things are in place and the PTB can manipulate the settlement layers of BTC.
https://preview.redd.it/t95o8dxiidi21.png?width=1241&format=png&auto=webp&s=2d8844221aee3cd7d767395def6ea3cee03728b5
submitted by dougsdesserts to btc [link] [comments]

Overstock CEO: "Modern Financial System Is A Big Keynesian, Magic Money Tree Ponzi Scheme"

Overstock CEO, Patrick Byrne, is a cryptocurrency believer. He believes the modern financial system "is a big Keynesian, magic money tree Ponzi scheme" that will collapse in the coming years and trigger mass adoption of cryptocurrency.

In a recent interview with crypto YouTuber Naomi Brockwell, a New York-based YouTube channel focused on all things Blockchain, Byrne pointed out countries like Venezuela, where crypto adoption has already flourished, should demonstrate what is coming to the developed world.
“People turn to it where they collapse, like Venezuela or Cyprus or Syria, something like that. When people start getting into it is when their own financial systems collapse.So yes, given that I think the entire modern financial system is a big Keynesian, magic money tree ponzi scheme, I do expect that the day will come when people turn to crypto.
Now, whether Bitcoin is the one, whether Bitcoin has solved its speed problems or it’s another cryptocurrency, only time will tell," said Byrne.
Talking about government regulation of cryptocurrency, Byrne emphasized the importance of know-your-customer, as well as, anti-money laundering requirements and believes that this could thwart criminals from using coins.
Byrne also said there are threats to the US even as some people branded him as a revolutionary person while a few others regarded him as a national security libertarian. He is worried about the threats coming from the emerging asset class. That is why he is favoring KYL and anti-money laundering and does not want to criticize them.
"He [Byrne] is not the only person to say that the modern financial system is a Ponzi scheme. There were already others who are voicing similar concerns in the past. For instance, the head has likened cryptocurrencies to Ponzi schemes. Significantly, bitconnect indicated early this year that it was forced to down the shutters following the accusation of running a Ponzi scheme. Therefore, Byrne comparing crypto with Ponzi schemes are nothing new," said Crypto Vibes.
It is also known that Overstock was one of the first big retailers that started accepting cryptocurrencies in 2014.
Full interview: CEO of Overstock thinks the Govt Should do this for Bitcoin
submitted by rotoreuters to zerohedge [link] [comments]

Never before in the history of Wall Street has a single conference call mentioned the following topics: miscreants, an unnamed Sith Lord he hopes the feds will bury under a prison, gay bathhouses, whether he is gay, does cocaine, both or neither. Mark Cuban(what a surprise from this guy)

Never before in the history of Wall Street has a single conference call mentioned the following topics: miscreants, an unnamed Sith Lord he hopes the feds will bury under a prison, gay bathhouses, whether he is gay, does cocaine, both or neither, and an obligatory 'not that there is anything wrong with that,' phone taps, phone lines misdirected to Mexico, arrested reporters, payoffs, conspiracies, crooks, egomaniacs, fools, paranoia, which newspapers are shills and for who, payoffs, money laundering, his Irish temper, false identities, threats, intimidation, and private investigators. All in 61 minutes."
-Mark Cuban is now short 20,000 shares of Overstock (fuck this guy btw)
Hey guys, I started doing some crazy research and I came upon this company called Overstock.com, basically its a competitor to Amazon but unnlike its competition it also has been accepting Bitcoin since 2014.
"IN FIRST DAY WITH BITCOIN, OVERSTOCK DOES $126,000 IN SALES" (https://www.wired.com/2014/01/overstock-bitcoin-sales/) at around 500 per bitcoin now they are worth now around 1.5m. It then increased to 300k sales per day in Bitcoin. This guys says he was keeping only 50% (I think he was keeping all of it)
This company stock has doubled in the last months, but their valuation is still way off (It has Amazon potential). Backstory: the CEO Patrick Byrne (comes from an "honorable" family, he has a PHD in Philosophy, 3 time cancer survivor) got fucked by corporations like Goldman Sachs during 2008, (he later sued and won against most of the financial coporation that fucked him). He came out explaining the method of how Wall Street(Goldman Sachs and co) manipulated the market by using a technique called "Naked short selling".
Its worth investigating! (https://www.youtube.com/watch?v=BdBe5_8z53A its an 8min explanation, what he says really puts into perspective how crooked this people are) (Also SEC verified that this does happen and a lot) https://www.sec.gov/investopubs/regsho.htm
Basically what they did is put a straw in the financial system that they can suck to get money whenever they want by fucking over smaller companies. Needless to say the press came out saying he was crazy, that it wasnt true, classical defamation campaign by the way, but to be fair he said that a Sith Lord was orquestrating all this (Now I kind of believe him)
So this guy was really fucking pissed and when he heard about Bitcoin he went balls deep! I researched a bit and Overstock investing company "Medici Ventures" has been developing blockchain applications that are incredibly well developed and serve enterprise needs (this are the companies that big investors and companies will use).
You will have a hard time finding this story on the news since they mostly hate Overstock and describe it as a "obscure ecommerce platform" (https://www.cnbc.com/2017/10/17/traders-bet-on-overstock-over-bitcoins-blockchain-technology.html)
If Bitcoin/Ethereum/cyrpto performs like we hope, this is one of the companies that could make Bitcoin and blockchain go mainstream and also hit back real hard at the financial system. (Patrick Byrne personal vendetta)
What do you guys think?
TL;DR:
Overstock stock is worth looking into and basically Wall Street are treacherous pigs that will stop at nothing to get money from anyone weaker than them.
Also, after reading how Wall Street really fights (hard, dirty, illegal and fast), everyone should keep their REAL money in a hardware wallet!
submitted by odracir9212 to ethtrader [link] [comments]

Here's My Annotated List of 7 Companies with Libertarian Leaders. What companies and people can we add to this list?

Companies With Libertarian Leaders
Company: Whole Foods
Founder: John Mackey
According to Mackey's Wikipedia page, he says used to be a democratic socialist. Now he's a free-market Libertarian. He is an admirer of Ludwig von Mises, Friedrich Hayek, Ayn Rand, and Milton Friedman.
Learn More: Article: Mackey: Hippy, Libertarian, and CEO
Company: L.L. Bean
Heiress/Owner: Linda Bean
Linda Bean is the granddaughter of the founder of L.L. Bean and she owns a large stake in the L.L. Bean Company. While she has also been known to support republican and conservative causes, she seems to lean towards libertarianism. In a 2012 CNN article, she was quoted as saying, "I've been for Ron Paul for years... He doesn't waver from the Constitution and I like that very much." She has also run for congress I the past and lost.
Learn More: CNN Article | Linda Bean on Wiki
Company: Overstock.com
CEO: Patrick Byrne
Byrne has been the CEO and chairman of Overstock since 1999. He is a self-described Libertarian and an outspoken supporter of Bitcoin. Recently he's been in the news for adding Bitcoin to Overstock's payment options.
Learn More: Pat Byrne: Libertarian Byrne's Wiki
Company: Koch Industries (Conglomerate)
Leaders: David H. Koch & Charles G. Koch
Kohn Industries is the second-largest privately-owned company in the United States. They are involved in energy, plastics, and commodities. They've donated sums of money to Cato Institute and Heritage Foundation.
Learn More: Koch Family Wikipedia
Company: Penn & Teller
Leaders: Penn & Teller
Are they a company? I'm not really sure, but they're definitely outspoken libertarians in the business world. They've got a Vegas magic act which had libertarian messages when I saw it last year. Their Showtime Hit TV Show, "Bullshit," was strongly Libertarian. I don't know if they're a company, but I'm adding them to this list anyway.
Learn More: YouTube: Penn on Why I am a Libertarian | Every Episode of Bullshit on Youtube
Company: Amazon
Founder: Jeff Bezos
I wasn't sure whether I should include Jeff on this list because I haven't read too much about his Libertarian-leaning political views. But his Wikipedia page says he's probably a Libertarian, so that's good enough for me.
Learn More: Bezos Wikipedia
Company: Gold and Silver Pawn Shop (PawnStars on TV)
Owner: Rick Harrison
In an interview with Mark Levin, Harrison describes himself as a "total Libertarian." He talks about the need for government to get out of the way of business.
Learn More: Interview with Levin | Article About Harrison
What other companies and people can we add to this list?
submitted by marfalump to Libertarian [link] [comments]

Never before in the history of Wall Street has a single conference call mentioned the following topics: miscreants, an unnamed Sith Lord he hopes the feds will bury under a prison, gay bathhouses, whether he is gay, does cocaine, both or neither. Mark Cuban(who else hates this guy)

Never before in the history of Wall Street has a single conference call mentioned the following topics: miscreants, an unnamed Sith Lord he hopes the feds will bury under a prison, gay bathhouses, whether he is gay, does cocaine, both or neither, and an obligatory 'not that there is anything wrong with that,' phone taps, phone lines misdirected to Mexico, arrested reporters, payoffs, conspiracies, crooks, egomaniacs, fools, paranoia, which newspapers are shills and for who, payoffs, money laundering, his Irish temper, false identities, threats, intimidation, and private investigators. All in 61 minutes."
-Mark Cuban is now short 20,000 shares of Overstock (fuck this guy btw)
Hey guys, I started doing some crazy research and I came upon this company called Overstock.com, basically its a competitor to Amazon but unnlike its competition it also has been accepting Bitcoin since 2014.
"IN FIRST DAY WITH BITCOIN, OVERSTOCK DOES $126,000 IN SALES" (https://www.wired.com/2014/01/overstock-bitcoin-sales/) at around 500 per bitcoin now they are worth now around 1.5m. It then increased to 300k sales per day in Bitcoin. This guys says he was keeping only 50% (I think he was keeping all of it)
This company stock has doubled in the last months, but their valuation is still way off (It has Amazon potential). Backstory: the CEO Patrick Byrne (comes from an "honorable" family, he has a PHD in Philosophy, 3 time cancer survivor) got fucked by corporations like Goldman Sachs during 2008, (he later sued and won against most of the financial coporation that fucked him). He came out explaining the method of how Wall Street(Goldman Sachs and co) manipulated the market by using a technique called "Naked short selling".
Its worth investigating! (https://www.youtube.com/watch?v=BdBe5_8z53A its an 8min explanation, what he says really puts into perspective how crooked this people are) (Also SEC verified that this does happen and a lot) https://www.sec.gov/investopubs/regsho.htm
Basically what they did is put a straw in the financial system that they can suck to get money whenever they want by fucking over smaller companies. Needless to say the press came out saying he was crazy, that it wasnt true, classical defamation campaign by the way, but to be fair he said that a Sith Lord was orquestrating all this (Now I kind of believe him)
So this guy was really fucking pissed and when he heard about Bitcoin he went balls deep! I researched a bit and Overstock investing company "Medici Ventures" has been developing blockchain applications that are incredibly well developed and serve enterprise needs (this are the companies that big investors and companies will use).
You will have a hard time finding this story on the news since they mostly hate Overstock and describe it as a "obscure ecommerce platform" (https://www.cnbc.com/2017/10/17/traders-bet-on-overstock-over-bitcoins-blockchain-technology.html)
If Bitcoin/Ethereum/cyrpto performs like we hope, this is one of the companies that could make Bitcoin and blockchain go mainstream and also hit back real hard at the financial system. (Patrick Byrne personal vendetta)
What do you guys think?
TL;DR:
Overstock stock is worth looking into and basically Wall Street are treacherous pigs that will stop at nothing to get money from anyone weaker than them.
Also, after reading how Wall Street really fights (hard, dirty, illegal and fast), everyone should keep their REAL money in a hardware wallet!
submitted by odracir9212 to btc [link] [comments]

Matryx ICO: Some cursory thoughts from a token sale partaker

I have been investing in tokens for awhile now. And I am not a pump and dumper. I know perfectly well what I am doing, and have been investing in crypto since 2009. I love bitcoin, i love litecoin, but I also love some of the “blockchain-inspired projects” coming out of Ethereum. Admittedly, I wasn’t a big Ethereum believer until ERC20.
This has led me to want to invest in projects in which I believe ideologically. Like CIVIC. I like Vinny Lingham, I have long read his work. I believe he is a good business man. And so, I bought some CIVIC.
I have long been interested in science. I looked into and did contribute to the SCIENCE Blockchain. But here is the problem there. It’s like all lawyers and I don’t like lawyers. Now, go down a long list of tokens offered via token sales and there is not much going on. I bought some KIK coin because it’s probably the biggest brand doing a token sale.I will probably buy some Overstock tokens as well. Patrick Byrne is a wildcard.
I wouldn’t be buying this stuff if it weren’t for the price appreciation. I just see that it makes sense if i expand into something other than just these standalone blockchains.
So, in my research, I come across Matryx.
https://www.matryx.ai/
At first - in like early September - I skip it, but I did eventually get around to looking into it and I was a little surprised by what I found.
So, they have a product. They are used by big pharmaceutical companies (Solvay). They have the support of UC San Diego, which after some research I learned is one of the top computer engineering schools in the world. They have won several startup awards. There is chatter in insider groups on Telegram, Slack, etc. that they have numerous unannounced angels, awards and partnerships. They are a tech first project.
Look at this video:
https://www.youtube.com/watch?v=uoS7A-y7UwM
The idea is for that product to go on a blockchain they will develop. This is far more than even the token sales I have invested in…
Here is their product at Devcon3 in Cancun:
https://www.youtube.com/watch?v=BDNQMJc-u1U
What are your thoughts?
submitted by Acrosstheponds to icocrypto [link] [comments]

Product on Schedule, Game of Coins, New Website - Swarm Newsletter Jan 8 Update

Happy New Year! The Swarm Team is starting off 2018 with a bang!
The markets are hot, our product is almost ripe, and we're feeling solid going into the new year. Two themes for us this week at Swarm were AI and the SWM token. The Distressed Real Estate fund that will launch with our platform uses AI to identify the optimal opportunities for purchase. Other funds in the pipeline use AI to make smarter trading decisions, learning from signals in trading and from places like influencer Twitter feeds. Where Swarm opens up opportunities once available only to a select few, AI is what really drives the economy - recommending and making decisions faster and better than any middleman could. And the Swarm token, SWM, is the the essential element which powers this whole ecosystem. Look for a blog post from us this week detailing our plan to maximize the utility of the SWM token. Hint - it's gonna be a gas!
Product On Schedule
Version 0.6 of the Swarm Platform was delivered this past Friday, a day ahead of schedule. Account creation, funding, review and allocation to individual funds are all coming together. Props to our friends on our Telegram channel for asking about v0.6, and sorry it was only an internal release! But we are excited to demo the platform on stage at the North America Bitcoin Conference in Miami next week and give a sneak peak! We remain on schedule for the public release of the MVP (v 0.61) of the platform on January 29.
Game of Coins @ CES
Philipp & Chris attended CES on Tuesday. Once a consumer electronics show to see the latest gadgets, CES has become a place where emerging technologies are discussed and announced. And yes, there are still the cool gadgets too. Brandchannel reached out to get Swarm's take on crypto @CES. Read the interview here!
On Tuesday, January 9th, Swarm CEO Philipp Pieper was on the Game of Coins panel at the CES Digital Money Forum. The panel is comprised of top industry leaders: Ripple's Brad Garlinghouse, Civic's Vinny Lingham, Overstock CEO Patrick Byrne, and Bill Shihara of Bittrex Exchange. Watch the panel on YouTube!
Our New Website
Hit refresh! The new Swarm.fund site goes live soon. We've redesigned the site with a look, feel, and content structure to support the launch of The Swarm Portal at the end of this month. Our core focus remains on the product, so some sections of the site are designed to grow over time, but we hope you like what we've done with the place, and we welcome your feedback on how it can be improved!
This Week in the News
Swarm Fund’s Philipp Pieper to Speak at The Digital Money Forum at CES 2018’s “Cryptocurrency: A Volatile Game of Coins" Press Release Jan 05, 2018 Business Wire
Cryptocurrency at CES: 5 Questions With Swarm Fund CEO Philipp Pieper Interview Jan 05, 2018 BrandChannel
We hope your year so far has been as fun and inspiring as it has been for us here at Swarm, and will continue to bring you true health and happiness.
Sincerely,
Your friends at Swarm Fund
submitted by swarmfund to swarm [link] [comments]

Top 10 Bitcoin Heroes List (needs your help!)

Can you list, in order, your Top 10 Bitcoin Heroes?
The lists that generate the most upvotes will be used to formulate bitcoin.com's new video -"Top 10 Bitcoin Heroes"
You can check out our past Top 10 Bitcoin videos here: Official Bitcoin.com Youtube Page
So far some potential names include (in no particular order):
*1 Satoshi Nakamoto
*2 Hal Finney
*3 Gavin Andresen
*4 Adam Back
*5 Nick Szabo
*6 Pieter Wille
*7 Patrick Byrne
*8 Barry Silbert
*9 Andreas Antonopoulos
*10 Roger Ver
*maybe Max Keiser?
Deadline for submissions will be Saturday, April 9. The video will be uploaded next Monday, April 11. Thanks for you help!
submitted by shipod to btc [link] [comments]

Why current worldwide Plutocracy is doomed

I recommend viewing BITCOIN 2014 - Keynote - Dr. Patrick Byrne, Overstock CEO He's not always coherent, but if you manage to follow through the whole talk, maybe you'll agree with him ... I sure do.
Sidenote : from an ethical point of view I think Bitcoin is not the solution ... new plutocrats will emerge from it, but it's a first step.
submitted by xpiqu to Bitcoin [link] [comments]

Subreddit Stats: Bitcoin top posts from 2017-01-09 to 2017-02-08 00:18 PDT

Period: 29.84 days
Submissions Comments
Total 999 46557
Rate (per day) 33.48 1507.53
Unique Redditors 653 6643
Combined Score 110856 177455

Top Submitters' Top Submissions

  1. 3932 points, 2 submissions: tuqqs
    1. Clearly not mainstream yet (2808 points, 104 comments)
    2. what it'll look like, when it happens (1124 points, 195 comments)
  2. 3593 points, 19 submissions: helmsk
    1. Countdown: Bitcoin Will Be a Legal Method of Payment in Japan in Two Months (2316 points, 151 comments)
    2. Europe Lays Out Roadmap to Restrict Payments in Cash and Cryptocurrencies (317 points, 102 comments)
    3. Polish Bitcoin Adoption Escalating with Strong Ecosystem (86 points, 4 comments)
    4. Why South Korean Bitcoin Adoption Could Outpace Most Other Countries This Year (74 points, 3 comments)
    5. Pakistan Set to Become a Major Bitcoin Hub (72 points, 49 comments)
    6. UAE Did Not Ban Bitcoin (72 points, 2 comments)
    7. Europe Committed to Tightening Digital Currency Rules by End of 2017 (71 points, 23 comments)
    8. How to Start Your Own Bitcoin ATM Business (67 points, 15 comments)
    9. Coincheck's Growth Reveals Surging Japanese Bitcoin Trade (62 points, 8 comments)
    10. How Trump's Wall and Remittance Tax Could Give Bitcoin a Boost (60 points, 23 comments)
  3. 3177 points, 2 submissions: futureofeverything
    1. "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami (3136 points, 227 comments)
    2. Why Venezuela's Currency Crisis Is A Case Study For Bitcoin (41 points, 1 comment)
  4. 2577 points, 7 submissions: Pizpie
    1. Welcome to Bitcoin, everyone. Don't worry, he'll recover. (1353 points, 155 comments)
    2. Breaking: Huobi & BTCC stopped margin trading, OKc leverage only 1x, finally no more fake BTC generated by exchange (485 points, 160 comments)
    3. Breaking: Bitcoin exchange Coinbase receives New York BitLicense (242 points, 55 comments)
    4. Canada Goose is thinking about accepting Bitcoin - Let them know what you think! (191 points, 49 comments)
    5. Confirmed: Huobi reactivates margin trading, with a limit of 100k CNY instead of 10 million CNY. (160 points, 79 comments)
    6. BREAKING: Huobi official announcement: We are considering charging trading fees. (80 points, 25 comments)
    7. Breaking: PBOC strikes again - Lending disabled on BTCC (66 points, 70 comments)
  5. 1941 points, 1 submission: bahatassafus
    1. Internet Archive: $3000 donated anonymously to the @internetarchive in bitcoin just now. Made our day! Thank you! (1941 points, 31 comments)
  6. 1338 points, 1 submission: kynek99
    1. Deutsche Bank - More than $10 billion in transactions never appeared on the books. That's why banksters don't want to use public blockchains. (1338 points, 96 comments)
  7. 1294 points, 1 submission: umbawumpa
    1. Julian Assange just used the current block hash as proof-of-not-prerecorded-interview in his AMA (1294 points, 182 comments)
  8. 1272 points, 2 submissions: Butt_Cheek_Spreader
    1. When you ride the bitcoin rally (1189 points, 204 comments)
    2. OKcoin and Huobi provided margin trading that violated rules resulting in abnormal price and fluctuations. (83 points, 28 comments)
  9. 1258 points, 4 submissions: dan_from_san_diego
    1. I started mining bitcoin in the desert. Here's some of what I have learned. (516 points, 575 comments)
    2. Chase is closing my account due to bitcoin purchases. Nice. (478 points, 410 comments)
    3. Here are some pictures of the solar greenhouse in the desert I am using to mine bitcoin. (140 points, 303 comments)
    4. Man... Brian Kelly from CNBC really fell hard for bitcoin. I like that! (124 points, 27 comments)
  10. 1250 points, 10 submissions: PoCaMiQu
    1. Can we fucking acknowledge that the Chinese Government just legitimized bitcoin? (604 points, 154 comments)
    2. WTF Huffington Post <---Fake News: "Bitcoin Plummets On Yuan Reversal" (218 points, 71 comments)
    3. This is what I like to see when checking daily's finances. (122 points, 22 comments)
    4. Beautiful balance (71 points, 13 comments)
    5. Reminder: Bitcoin's immutability is not only not a bug, but its main feature. Scalability comes secondary to it. (44 points, 20 comments)
    6. Bitcoin Price Gets Ready to Factor In Winklevoss Bitcoin ETF Approval (43 points, 24 comments)
    7. Paxful - a global leader in peer-to-peer bitcoin technology - has launched a new widget, allowing anyone to buy bitcoin worldwide instantly with over 300 ways to pay. (41 points, 34 comments)
    8. Scaling Revisited: What If Bitcoin's Big 'Problem' is Its Great Strength? (38 points, 16 comments)
    9. Flashback to the 90's: Interviewer asks Fed Chair "What is Blockchain?" (37 points, 21 comments)
    10. It seems all those FUD mongers were wrong when they predicted the price would crash without China's "liquidity" (32 points, 13 comments)
  11. 1155 points, 16 submissions: eragmus
    1. Ben Davenport (BitGo CTO): "Centralization of mining has led to some miners thinking they're in charge of Bitcoin. They forgot where Bitcoin's value comes from." (169 points, 112 comments)
    2. [Twitter Poll] Charlie Lee (Director of Engineering @ Coinbase): "What's the most important feature of Bitcoin that we must not sacrifice? Decentralization, Security, Low fees, Global payments" (116 points, 62 comments)
    3. Hernz: "Did you know you can get paid to help spread misinformation? -birds dot bitcoin dot com-" (hosted by Roger Ver) (106 points, 38 comments)
    4. The Passion of 'Bitcoin Jesus': How The Blockchain's Most Beloved Investor Became its Most Polarizing (101 points, 52 comments)
    5. Jonas Nick: "MimbleWimble blockchain (non-interactive coinjoin + pruning) may be able to support Lightning" / ref: Andrew Poelstra @ lists.launchpad.net/mimblewimble/msg00022.html (96 points, 19 comments)
    6. Bitcoin Core - IRC Meeting Summary (January 19, 2016) (83 points, 16 comments)
    7. Bitcoin Core - IRC Meeting Summary (January 12, 2016) (68 points, 7 comments)
    8. WhalePanda: "Analyzed @rogerkver's 'Cry Wolf' tactic on censorship on /bitcoin." (59 points, 16 comments)
    9. Inside MAST: The Little-Known Plan to Advance Bitcoin Smart Contracts (52 points, 8 comments)
    10. Bitcoin Core - IRC Meeting Summary (January 5, 2016) (51 points, 2 comments)
  12. 1155 points, 14 submissions: castom
    1. Russian Authorities: Bitcoin Poses No Threat, Won’t Be Banned (575 points, 80 comments)
    2. Bitcoin Goes to Washington - Trump May Hire More Digital Currency Leaders (86 points, 50 comments)
    3. With Another $30 Million Investment, BitFury becomes the Highest-funded Bitcoin Company (80 points, 3 comments)
    4. Nigeria's Bitcoin Interest Unwavering Despite Government Crackdown (64 points, 3 comments)
    5. German TV Calls Bitcoin "Digital Gold" (46 points, 3 comments)
    6. A Town in Illinois Just Announced It's Holding a Bitcoin Sale (46 points, 9 comments)
    7. Coinbase CEO: IRS Battle Could Cost Startup $1 Million (43 points, 15 comments)
    8. Xapo Now Licensed to Operate from Switzerland (39 points, 2 comments)
    9. Bitcoin Payments Startup BitPesa Raises $2.5 Million (32 points, 0 comments)
    10. Lawsuit Accuses Bitcoin ATM Owner of Smashing Competing Machines With Hammers (31 points, 18 comments)
  13. 1140 points, 4 submissions: bdd4
    1. sigh (859 points, 189 comments)
    2. As Predicted. 🙄 PBoC (137 points, 86 comments)
    3. Friendly Reminder: Bitcoin is still up 2.6% for the last 30 days (94 points, 8 comments)
    4. Dead Man's Switch for HODLers (50 points, 84 comments)
  14. 1104 points, 3 submissions: Vaultoro
    1. "Great minds discuss ideas; average minds discuss events; small minds discuss people." can we please stop this culture of bashing or lifting cults of personality and get back to science? (807 points, 143 comments)
    2. The house of Nakamoto in the main shopping strip of Vienna gets massive new bitcoin logo signage 2 stories big, 4 times 4 meters of epic propaganda! (265 points, 32 comments)
    3. I saw a post here that little snitch takes bitcoin. I just purchased a copy! Great little app and well worth 30 bucks. (32 points, 9 comments)
  15. 1088 points, 3 submissions: Carlscrazyidea
    1. You can now buy Bitcoin from any 7-11 in the Philippines! (1021 points, 136 comments)
    2. What is my impact as a Bitcoin holder? (41 points, 45 comments)
    3. I am a Hodling noob who still has a lot of Hodling work to do! (26 points, 30 comments)
  16. 1060 points, 7 submissions: Bitcohen
    1. Mercedes Buys Bitcoin Service Provider in 'Digitization Strategy' (518 points, 70 comments)
    2. Mercedes-Benz cars are now being sold for Bitcoin in Venezuela (348 points, 68 comments)
    3. Dutch Pirate Party pays 11,250 Euro deposit in Bitcoin to Electoral Council (68 points, 9 comments)
    4. Amir Taaki & Cody Wilson's Bitcoin support described by film critic as “defense of criminality” at Sundance Film Festival 2017 (44 points, 13 comments)
    5. Russia's Kaliningrad May Trial 'Legal' Bitcoin, Launch Exchange (31 points, 2 comments)
    6. Bitcurex Owner 'Disappears' After Failing to Return 2,300 BTC (26 points, 2 comments)
    7. Liverpool Launches Own Digital Currency Based on Bitcoin's Blockchain Tech - Attracts 3,000 Users in First Month (25 points, 1 comment)
  17. 1009 points, 1 submission: worstkeptsecrets
    1. Bitcoin on NewEgg. 3rd option! Ahead of Credit Card and PayPal! #ITSHAPPENING (1009 points, 92 comments)
  18. 975 points, 1 submission: SooieSide
    1. You can't get to the moon on a roller coaster. (975 points, 73 comments)
  19. 941 points, 4 submissions: Logical007
    1. UPDATE: Nearly all of Circle's 5 Star Ratings have disappeared today for their latest version (Jan 5th). A stark difference to what we saw earlier, looks like action was taken. (633 points, 177 comments)
    2. Bloomberg: Wyre CEO: "Bitcoin is a good investment for everyone." (VIDEO (188 points, 13 comments)
    3. Bitcoin isn't 'real money'. Google, you need to work on your search results. (85 points, 38 comments)
    4. Coinbase, please fix your merchant invoices on iOS 10. They haven't worked properly for months (while BitPay's work perfectly). Details and screenshot inside. (35 points, 5 comments)
  20. 896 points, 1 submission: amendment64
    1. Just paid 23 cents on a $3.74 transaction. When does it end? $1.00 per transaction? $2? $5? I don't wanna stop using this peer to peer currency, but I'm fast being priced out of it. (896 points, 1017 comments)
  21. 884 points, 2 submissions: theswapman
    1. Bitcoiner interrupts Shia LaBeouf's "He Will Not Divide Us" stream with chant that Bitcoin Will Unite Us! (456 points, 204 comments)
    2. PSA: Xapo will freeze your bitcoin and demand documents AFTER you have deposited (428 points, 101 comments)
  22. 820 points, 3 submissions: MorrisMustang
    1. South Florida Distillers uses heat from bitcoin mining to accelerate rum barrel aging! (709 points, 66 comments)
    2. "See, bitcoin is down 9.75% over the past month...I told you it crashed..." says my wife (72 points, 64 comments)
    3. EthereRum by South Florida Distillers, the worlds first rum distilled from mining heat. Stayed tuned for more details. (39 points, 21 comments)
  23. 799 points, 5 submissions: finalhedge
    1. Patrick Byrne (Overstock CEO) on Fox Business Channel today (288 points, 57 comments)
    2. "Sent my first instant bitcoin LN payment to a random irc user on testnet. Second-layer tech for the win!" | Justin Camarena on Twitter (250 points, 64 comments)
    3. Balaji Srinivasan (21 CEO) just deleted his whole tweet history. Heading to the FDA? (137 points, 69 comments)
    4. BARRY SILBERT'S BITCOIN INVESTMENT TRUST FILES FOR IPO (99 points, 10 comments)
    5. Bloomberg: 'Blockchain' Fans Will Have A Rude Awakening In 2017 (25 points, 2 comments)
  24. 798 points, 9 submissions: FluxSeer
    1. Gemini Introduces Zero-Confirmation Bitcoin Deposits (205 points, 69 comments)
    2. Bitcoin Mining Distribution 2012 vs. 2017 (146 points, 69 comments)
    3. When someone says Bitcoin is a ponzi/scam/etc... Send them this link. (131 points, 24 comments)
    4. Developer Release for OpenBazaar 2.0 (123 points, 45 comments)
    5. Federal Reserve Staffer Fined for Mining Bitcoins at Work (62 points, 4 comments)
    6. A Future Led by Bitcoin Unlimited is a Centralized Future (56 points, 38 comments)
    7. Blockstream joins Digital Garage to jointly develop next-generation financial technology (33 points, 15 comments)
    8. Bitcoin Matrix Wallpaper (1920x1080) (23 points, 6 comments)
    9. The ECB Explains Why Central Banks Can't Go Bankrupt (19 points, 7 comments)
  25. 796 points, 1 submission: kidblondie
    1. [AMA] I'm the woman who got pepper sprayed wearing the "Make Bitcoin Great Again" hat. (796 points, 938 comments)
  26. 709 points, 1 submission: silver_89
    1. Liftoff (709 points, 282 comments)
  27. 697 points, 2 submissions: Tfoe1399
    1. Huge shoutout to BTC.com for giving me back my money (666 points, 91 comments)
    2. So this just happened (31 points, 101 comments)
  28. 691 points, 3 submissions: jholmes91
    1. Antonopoulos Supports SegWit, Opens Doors For Lightning and TumbleBit (315 points, 112 comments)
    2. Donald Trump is Considering a Bitcoin Entrepreneur to Lead the FDA (220 points, 137 comments)
    3. Japanese Internet Giant GMO Announces Entrance to Bitcoin Wallet Market (156 points, 14 comments)
  29. 688 points, 2 submissions: belcher_
    1. bitcoin.com loses 13.2BTC trying to fork the network: Untested and buggy BU creates an oversized block, Many BU node banned, the HF fails (543 points, 428 comments)
    2. Segwit talk by Pieter Wuille. 25 minutes talk time (145 points, 21 comments)
  30. 673 points, 9 submissions: Lite_Coin_Guy
    1. Litecoin Moves to Adopt Bitcoin's SegWit Scaling Upgrade (155 points, 86 comments)
    2. If Bitcoin ETF approval ignites speculative rush, doesn't that prove intense latent demand, blocked only by the SEC? (120 points, 22 comments)
    3. Big miners are free to create their Unlimited coin, but if they try to kill Bitcoin it will resist censorship and route around it. (108 points, 103 comments)
    4. What is money? (93 points, 56 comments)
    5. Charlie Shrems next jail time? (50 points, 15 comments)
    6. In 1996 they said the Internet was in need of a "killer app". In 2016, they said #Bitcoin needed a "killer app", too. (39 points, 17 comments)
    7. Introduction to Bitcoin & Blockchains (38 points, 5 comments)
    8. Evaporative Two-Phase Immersion Cooling (Bitfury) (37 points, 6 comments)
    9. Crypto '98 Rump Session- Hal Finney (33 points, 8 comments)
  31. 635 points, 8 submissions: olivercarding
    1. Bitcoin Has Many Fans at Amazon According to Purse CEO Andrew Lee (152 points, 39 comments)
    2. Bitcoin is Closing in On Its Transaction Capacity Limit, For Real This Time (110 points, 155 comments)
    3. The Founder of India-Based Bitcoin Mining Pool GBMiners is Running a Ponzi Scheme (105 points, 50 comments)
    4. How Bitcoin Is Disrupting The Online Gambling Industry (98 points, 74 comments)
    5. Report Estimates There are More Than 10 Million Bitcoin Holders Worldwide (91 points, 54 comments)
    6. Blockchain Announces Expansion in Middle East; Partners with Dubai Government (32 points, 7 comments)
    7. 3 Teams Receive Funding from $1.2 Million Bitcoin Development Grant, More Funds Incoming (27 points, 7 comments)
    8. Digital Garage and Blockstream Collaborate on New Blockchain Solutions for Japanese Market (20 points, 0 comments)
  32. 630 points, 1 submission: classna
    1. FOMO-ing right now (630 points, 85 comments)
  33. 621 points, 7 submissions: _smudger_
    1. Bitcoin: Why It Now Belongs in Every Portfolio (206 points, 33 comments)
    2. Bitcoin ETF may attract $300 million in the first week, says Needham & company (205 points, 103 comments)
    3. It's time to start thinking about denominating Bitcoins in mBTC permanently. Might be the last time to buy some for less than a dollar each! (82 points, 127 comments)
    4. Big China bitcoin exchange says no government pressure on outflows (46 points, 6 comments)
    5. New weekly record in Local Bitcoin volumes plus new highs in Canada, Colombia, Denmark, Saudi Arabia, Thailand and Venezuela (36 points, 1 comment)
    6. Despite the recent drop the price is hitting new records when averaged over a year (24 points, 10 comments)
    7. Press Release: CD Key retailer CJS CD Keys now Accepting Bitcoin (22 points, 3 comments)
  34. 597 points, 1 submission: arichnad
    1. mac has the new bitcoin Unicode character already! (597 points, 81 comments)
  35. 594 points, 1 submission: drvox1600
    1. Bitcoin just hit $1000 USD! :D (594 points, 147 comments)
  36. 573 points, 4 submissions: bitcoinglobe
    1. Japanese internet giant, GMO, entering bitcoin exchange and wallet markets (451 points, 26 comments)
    2. Abra overview (52 points, 22 comments)
    3. Japan Could See 20,000 Bitcoin Accepting Merchants in 2017 - CryptoCoinsNews (44 points, 5 comments)
    4. Bitcoin is gold with a teleporter (26 points, 2 comments)
  37. 567 points, 9 submissions: PrimeParticle
    1. "Introduction to Bitcoin" - Andreas Antonopoulos (Probably one of the best videos for introducing bitcoin). (131 points, 7 comments)
    2. Venezuela's currency now worth so little shopkeepers weigh vast piles of notes instead of counting them (118 points, 42 comments)
    3. Coins are cheaper in China by $30 to $50 dollars for the first time in a long time, that means... (92 points, 87 comments)
    4. Andreas Antonopoulos - The Death of Money | London Real (57 points, 1 comment)
    5. Abra: Bitcoin To Fiat Withdrawals At Tellers Globally! - 2017 North American Bitcoin Conference (47 points, 14 comments)
    6. Remember that you can use CPFP or RBF to get your transactions confirmed faster. (45 points, 46 comments)
    7. Bitcoin Q&A: The Lightning Network & Rootstock (30 points, 1 comment)
    8. Public Perception of Bitcoin is Slowly Shifting Amid Global Financial Turmoil (25 points, 1 comment)
    9. Bitcoin is shrugging off some big news of out of China (22 points, 1 comment)
  38. 561 points, 1 submission: kevsudos
    1. Bitcoin Hodlers Be Like........ (561 points, 96 comments)
  39. 543 points, 1 submission: turn-down-for-what
    1. $1,000! (543 points, 49 comments)
  40. 539 points, 1 submission: BlahYourHamster
    1. [META] Can we use the Bitcoin Rollercoster Guy as the upvote and downvote arrows? (539 points, 49 comments)
  41. 538 points, 7 submissions: themetalfriend
    1. The real superhero (210 points, 15 comments)
    2. Countries where you can survive on Bitcoin (map) (76 points, 88 comments)
    3. How practical is it to live on Bitcoin: historical progress (gif) (63 points, 40 comments)
    4. Among the countries with the strongest Bitcoin adoption: Slovenia, Finland, Singapore, Hong Kong, Canada, Switzerland (63 points, 13 comments)
    5. Long-term bitcoiner checking this sub (51 points, 9 comments)
    6. The complete list of the factors that influence the value of Bitcoin (45 points, 29 comments)
    7. Will Bitcoin work on Mars? (30 points, 41 comments)
  42. 521 points, 2 submissions: roasbeef
    1. Announcing the Alpha Release of the Lightning Network Daemon! (427 points, 152 comments)
    2. Setting up and Testing LND with the Testnet Lightning Faucet (94 points, 7 comments)
  43. 506 points, 1 submission: ToTheMoonGuy
    1. Super Bowl Bitcoin Lady (506 points, 37 comments)
  44. 484 points, 1 submission: ssienk117
    1. My new Phone background. Thanks u/SooieSide/ (484 points, 30 comments)
  45. 472 points, 2 submissions: Wingsuit
    1. I think duck duck go should improve their decimal accuracy (386 points, 41 comments)
    2. Bitcoin achieves leetness in Australia (86 points, 12 comments)
  46. 470 points, 1 submission: robertgenito
    1. The REAL good ol' days of bitcoin... (470 points, 103 comments)
  47. 444 points, 1 submission: loserkids
    1. Bitcoin saved my ass in South East Asia (444 points, 115 comments)
  48. 441 points, 1 submission: boyber
    1. LibreTaxi, free and open source UbeLyft alternative to connect passengers and drivers - bitcoin integration on the way! (441 points, 94 comments)

Top Commenters

  1. nullc (2659 points, 215 comments)
  2. kidblondie (2127 points, 89 comments)
  3. BashCo (1530 points, 293 comments)
  4. dellintelbitcoin (1400 points, 372 comments)
  5. smartfbrankings (1141 points, 265 comments)
  6. belcher_ (1031 points, 149 comments)
  7. Frogolocalypse (986 points, 322 comments)
  8. dan_from_san_diego (949 points, 554 comments)
  9. Cryptolution (851 points, 226 comments)
  10. Vaultoro (822 points, 100 comments)
  11. thieflar (792 points, 231 comments)
  12. Lite_Coin_Guy (748 points, 219 comments)
  13. Cryptoconomy (728 points, 134 comments)
  14. Coinosphere (723 points, 282 comments)
  15. luke-jr (718 points, 141 comments)
  16. waxwing (707 points, 117 comments)
  17. bitsteiner (658 points, 157 comments)
  18. BitttBurger (646 points, 157 comments)
  19. shesek1 (607 points, 132 comments)
  20. pb1x (595 points, 76 comments)
  21. jratcliff63367 (591 points, 45 comments)
  22. supermari0 (587 points, 131 comments)
  23. bitusher (581 points, 96 comments)
  24. 4n4n4 (576 points, 79 comments)
  25. coinjaf (562 points, 225 comments)
  26. glockbtc (541 points, 168 comments)
  27. 45sbvad (539 points, 102 comments)
  28. killerstorm (536 points, 119 comments)
  29. adam3us (527 points, 66 comments)
  30. maaku7 (527 points, 63 comments)
  31. nopara73 (523 points, 120 comments)
  32. phor2zero (499 points, 66 comments)
  33. PrimeParticle (496 points, 108 comments)
  34. sreaka (495 points, 155 comments)
  35. jonny1000 (488 points, 98 comments)
  36. CoinCadence (487 points, 77 comments)
  37. SatoshisCat (480 points, 150 comments)
  38. petertodd (473 points, 24 comments)
  39. spoonfednonsense (472 points, 126 comments)
  40. Hitchslappy (472 points, 102 comments)
  41. albuminvasion (466 points, 84 comments)
  42. Taek42 (456 points, 44 comments)
  43. chrisrico (452 points, 87 comments)
  44. AnonymousRev (451 points, 115 comments)
  45. the_bob (443 points, 114 comments)
  46. satoshicoin (438 points, 65 comments)
  47. Riiume (434 points, 83 comments)
  48. exab (430 points, 125 comments)
  49. jimmajamma (422 points, 141 comments)
  50. brg444 (421 points, 69 comments)

Top Submissions

  1. "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami by futureofeverything (3136 points, 227 comments)
  2. Clearly not mainstream yet by tuqqs (2808 points, 104 comments)
  3. Countdown: Bitcoin Will Be a Legal Method of Payment in Japan in Two Months by helmsk (2316 points, 151 comments)
  4. Internet Archive: $3000 donated anonymously to the @internetarchive in bitcoin just now. Made our day! Thank you! by bahatassafus (1941 points, 31 comments)
  5. Welcome to Bitcoin, everyone. Don't worry, he'll recover. by Pizpie (1353 points, 155 comments)
  6. Deutsche Bank - More than $10 billion in transactions never appeared on the books. That's why banksters don't want to use public blockchains. by kynek99 (1338 points, 96 comments)
  7. Julian Assange just used the current block hash as proof-of-not-prerecorded-interview in his AMA by umbawumpa (1294 points, 182 comments)
  8. When you ride the bitcoin rally by Butt_Cheek_Spreader (1189 points, 204 comments)
  9. what it'll look like, when it happens by tuqqs (1124 points, 195 comments)
  10. You can now buy Bitcoin from any 7-11 in the Philippines! by Carlscrazyidea (1021 points, 136 comments)

Top Comments

  1. 380 points: Tyatku's comment in When you ride the bitcoin rally
  2. 340 points: Vaultoro's comment in Just paid 23 cents on a $3.74 transaction. When does it end? $1.00 per transaction? $2? $5? I don't wanna stop using this peer to peer currency, but I'm fast being priced out of it.
  3. 323 points: jamesdpitley's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
  4. 290 points: Clutch70's comment in Clearly not mainstream yet
  5. 212 points: BitcoinDreamland's comment in South Florida Distillers uses heat from bitcoin mining to accelerate rum barrel aging!
  6. 206 points: bitpotluck's comment in FOMO-ing right now
  7. 195 points: howardkinsd's comment in Clearly not mainstream yet
  8. 182 points: beloboi's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
  9. 181 points: BattleChimp's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
  10. 179 points: kidblondie's comment in [AMA] I'm the woman who got pepper sprayed wearing the "Make Bitcoin Great Again" hat.
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

BITCOIN IN THE BELTWAY (DC CONF) is one week from today. Here's an update from me.

Hey bitcoin.
This is Jason King from Sean's Outpost.
I just finished running all the way across North America for bitcoin and homeless awareness (#BitcoinAcrossAmerica) http://www.wired.com/2014/06/bitcoin-run-jason-king/
and I'm also the co-chair (with Elizabeth Ploshay) of the "Bitcoin in the Beltway" conference in Washington, DC that starts next weekend, actually it starts exactly one week from today.
I think I did the conference a disservice in agreeing to chair the event at the same time I was undertaking another major endeavor (running across the country). But in true bitcoin fashion, this conference has blossomed despite me (maybe in spite of me, honestly) and has really become an amazing event. Wonderful people like MK Lords and Elizabeth Ploshay have been really kicking ass making sure this was a great event.
We tried to make a different event with #BitcoinBeltway. It's not run by any organization with an agenda, it's just a group of people passionate about bitcoin and crypto who wanted to try and showcase the good of this community. And I think if you take a look at the lineup and diversity of speakers, you'll agree we have done a pretty good job... http://bitcoininthebeltway2014.sched.org/
Some of my personal favorite highlights:
But truly, naming highlights is like picking your favorite children. We have over FIFTY (50) speakers for the conference (50 cent is not one of them, alas). All top notch, speaking on a wide variety of bitcoin and crypto topics. Check the full list out here...
http://bitcoininthebeltway2014.sched.org/directory/speakers
But it's not enough. We want to be better. At the end of the day, this is your conference and not ours. What are we missing? How can we be better? What do you want to see that's not here? How can we improve? What haven't you seen in a bitcoin event that you wish was available?
Anyone that wants to get involved with the show, feel free to contact me directly at [email protected]. We have a few exhibitors booths left and could still stand a few volunteers.
As a reminder, thanks to a partnership with the Crytpocurrency College Network, ALL STUDENTS are entitled to half off admission ($150)
And anyone interested in attending that has an actual hardship in being able to afford to go. Don't hesitate to contact us. We might be able to connect you with a sponsor. We're much more interested in creating a community event than anything else.
We take BTC, LTC and DOGE for admission.
TICKETS:
http://www.bitcoinbeltway.com/tickets/
The Venue is the DC Renaissance Downtown, NW Washington, DC
And as of right now, it's available on Expedia for bitcoin Smiley
Thoughts?
Jason King
submitted by SeansOutpost to Bitcoin [link] [comments]

[ANN] Nicholas Guccione son of Penthouse Magazine creator enters the Blockchain!

Guccione Gold Rewards Pilot Program
Saturday August 15, 2015
Written by: Patrick 'PK' McDonnell | CEO/Coyote WallStreet
FOR IMMEDIATE RELEASE
''Nicholas Guccione son of Bob Guccione Penthouse Magazine pioneer & creator teams up with The House Of Blockchain a Coyote WallStreet development to introduce the world's first decentralized blockchain based cryptobond offered to adult industry funders.'
Nicholas Guccione CEO/Founder of Guccione MultiMedia has entered into a cryptobond consulting, creation, due-diligence & maintenence agreement to research, create, launch & maintain the world's first decentralized blockchain based cryptobond offered to adult industry funders.
The Guccione Gold Rewards Pilot Project [$GGR] is in it's Phase I development stage. Guccione MultiMedia is looking to fund it's reality television pilot project via a blockchain based/Top-Line Income Revenue Growth Certificate based off the $GGR blockchain.
The $GGR team is following visionary CEO of www.OverStock.com Patrick Byrne's lead & utilizing the blueprint he has laid out with an adult industry digitized twist.
Guccione MultiMedia has recently launched a test pilot cryptocurrency dubbed 'GuccioneCoin' trading symbol $GCC.
The $GCC development is operated by anonymous crypto enthusiasts & developers who are backing this project with sweat equity & mining efforts.
This is an R&D project launched specifically to afford Nick Guccione the opportunity hands on to truly explore & understand blockchain based technology.
Nick Guccione has endorsed the GuccioneCoin on YouTube in hopes that it catches on & becomes a viable unit of storage for anything & everything Guccione MultiMedia.
The $GGR cryptobond will be recorded via unconventional means. Outside of being a decentralized blockchain based cryptobond it will be embedded into the Bitcoin blockchain for Proof Of Existence.
The $GGR cryptobond is 1 unit & will be the first coin ever mined on the Guccione Gold Rewards blockchain recorded as such again via Bitcoin blockchain embedment.
$GGR is a Proof-Of-Concept/Proof-Of-Work/Proof-Of-Stake/Proof-Of-Existence development that plans to rebuild & digitize the adult industry with an array of decentralized blockchain based platforms.
Nick Guccione's vision of launching a new & edgier version of MAXIM coupled with a delicate eloquence will revolutionize many facets & cure traditional road blocks in place that restrict adult entertainment participants.
More news to come as the $GGR team progresses in their development! Learn more> www.iGirlPortal.com
PR by Coyote WallStreet: www.CoyoteWallStreet.com Guccione MultiMedia Interviews: [email protected] $GGR Research Package: [email protected]
For more information & news on Bitcoin, Alternative Cryptocurrencies, Blockchain based developments please follow @CoyoteOfWallSt on twitter. There is a very high degree of risk involved in investing. Past results are not indicative of future returns. Coyote WallStreet assumes no responsibilities for your trading & investment results. The indicators, strategies, columns, articles & all other features are for educational purposes only & should not be construed as investment advice nor a solicitation. Before acting on any recommendations, one should consider suitability & should seek professional advice.
SOURCE: www.HouseOfBlockchain.com
submitted by GuccioneGoldRewards to CryptoCurrency [link] [comments]

Some interviews from Amsterdam 2014 | Michael Wechner | Apr 09 2015

Michael Wechner on Apr 09 2015:
Greetings
I did four interviews at the bitcoin conference Amsterdam 2014 with
which I have finally published at
https://www.youtube.com/useWYONAPICTURES
Hope you like them :-)
Thanks
Michael
original: http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-April/007780.html
submitted by bitcoin-devlist-bot to bitcoin_devlist [link] [comments]

[Table] IAmA: I'm Patrick Byrne, a pro-freedom supporter of cryptocurrency and school vouchers, early critic of Wall Street, three time cancer survivor, journalist at DeepCapture.com, and CEO and founder of Overstock.com. AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-05-02
Link to submission (Has self-text)
Questions Answers
What would you say to other CEOs and decision makers who are hesitant to utilize bitcoin? It depends upon what their hesitancy is.
There are business reasons to do it: save on transaction fees, eliminate fraud and charebacks, etc. There may be business reasons not to do it as well, such as the risk of volatility (but this concern can be obviated by trading out of Bitcoin immediately upon receipt, a service that the firms like Bitpay, Coinapult, and Coinbase all offer, I believe).
But if they are pro-freedom, they should want to get behind it on principle alone. Ghandi said, "Be the change you wish to see in the world."
Hi Patrick, do you have any thoughts on where the economy is heading? Are we truly in a recovery as the powers that be suggest? Do you have examples you see in business that say one way or the other? No we are not in a recovery. We have re-inflated a bubble and called it a recovery.
The government lies to us about the stats. Think of it this way: assume Alleged GDP (that is, "Nominal GDP") is growing at 3%. Inflation is calcualted to be 2%. So Real GDP is growing 3% - 2% = 1%. That is the basic equation. However, what if they are lying about inflation? Imagine it were really 5%? Then the truth, God's-eye-only view would be 3% - 5% = -2%. That is, if inflation is understated, then growth is overstated. I think this is likely the case. I think we are in a shallow dive that they are trying to make look like a level or small climb. See John Williams' site Shadow Government Statistics for more.
The Fed's policies are all about driving up asset prices (homes, stocks) in order to create a wealth effect. Your 401k goes from being worth $300,000 to $500,000. You think, "Gosh I made $200,000! I'll go out and spend $50,000 of it."
The Snoop Dogg Overstock commercial was awesome! When can we expect to see more ads from him? Thanks. It was even more fun hanging out with the guy for four hours. He is one smaaart dude. He asked me more intelligent questions about our business than any of the 80 or so VCs with whom I ever dealt. No kidding.
Also, he rolls a mean cigar.
Shouldn't the government be spending our tax dollars on putting wall street guys who caused the financial crisis in jail (instead of making them pay fines) ? Not one of them has ever been criminally convicted. But I do think the government should put more resources into policing Wall Street. The last I checked, the SEC budget was about $800 million. I think it was around the size of the budget for the Denver police force. It should be about 10X that. However, they should unplug the SEC and ship it to the DOJ. The only thing that scares these guys on Wall Street is an orange jumpsuit, and only the DOJ can issue those.
Patrick, What was your evolution toward being "pro-freedom" like? Were you always so? Was there some event that turned you in that direction? I grew up in New England and thought of myself as a Yankee Republican. Then the Republicans went crazy getting worked up over things that are none of the government's damn business. The old man with whom i sued to build stone walls in Vermont, Earl Barre, taught me that government should pave the roads, run the Post Office, and stay the hell off my porch. I think he must roll over in his grave to see the kinds of things Republicans care about today.
My friend, mentor, and teacher Milton Friedman used to say, "I'm a small-l libertarian and a small-r republican." Sounds right.
PS Thanks for seizing the term. We have a lot of people in our society who call themselves "progressives". If they can hijack the word "progress" I can hijack the word "freedom".
Hello Patrick, Thank you for doing this. Do you know when Overstock.com will be accepting bitcoin for international shipment? I've been waiting this for months! (I'm in Canada) Working on it now. Phase II was getting so we could issue credits back in Bitcoin. I think it came live last week. Phase III will be accepting it internationally. Should happen late summer +/-.
Hi Patrick! You've gotten a lot of praise for accepting Bitcoin, I think its great. But I'm curious what you've found to be the biggest challenge or drawback with accepting this new form of currency. What is something new merchents need to keep in mind before accepting bitcoin? It has been unbelievably seamless.
Coinbase made it easy. But Bitpay and Coinapult do as well, I hear.
Once integrated, it has not demanded an ounce of effort.
Where do you see Bitcoin in 1 year? What about 5? Or 10? I have no theories as to valuation.
Adoption... I would imagine SpaceCash (of one flavor or another) will gradually increase until you see 2-3% of transactions occur within it. If that day ever comes, it will leap quickly to 15-30%. (Lots of things are like that in life, rates of HIV infection in the adult population being one of them, for example.)
What percentage of transactions (# or revenue) are paid for in Bitcoin on Overstock.com? Tiny. <.1%
Did you ever reveal who the "Sith Lord" is??? Inquiring minds want to know! It was an amalgam of two people. 1) Steven A. Cohen of SAC Capital (hence, all my references to "someday I am going to sack up and tell the world...")
2) Michael Milken, who, I believe, is the Hannibal Lecter of the financial world. Read Den of Thieves. Since he was let out of prison (on his 98 count indictment) he spent a lot of money burnishing his image, but he is a really bad guy.
Is naked short selling still a problem? What do you see currently as the biggest risks to our financial system? "Is naked short selling still a problem? " Not so much, or at least, not as obviously as previously.
"What do you see currently as the biggest risks to our financial system?" Chains of title. You think you own something because you have some paperwork that says you do. However, in the central clearing systems of our economy there is slop. The slop was designed in as a way of providing fault tolerance. However, crooks figured out how to game that slop and create circumstances where more than one person thinks he owns the same thing.
Fractional reserve banking without a reserve requirement.
Nice to see you on Reddit, Mr. Byrne. I like Schiff. Opponents say, "Even a broken watch is right twice per day." But he shares my Austrian views.
Here is my question. Peter Schiff and many others think that a collapse of the dollar is imminent. What do you think about that? And what impact this collapse will have on digital currencies like Bitcoin? Yogi Berra said something to the effect, "Anything that cannot go on forever won't." We are living on borrowed time in many ways. However, it is like seeing a bridge built for 10 cars, that now has 80 driving across it. Will it collapse? I have no idea. I thought it would ahve collapsed at 20.
Did you have better experiences at Stanford, Cambridge, or Dartmouth? Which school influenced you the most, both culturally and intellectually? The day I got to Dartmouth I swore to myself that while I was there I would never enter a church, a party, or a fraternity. never did. Never had a single beer with anyone in college, went to a party, anything. I was a total grind. I did play football two years, then split, went to Asia, mucked around, came back just to graduate.
Cambridge - Marshall Fellow - Did a Master's in moral philosophy but was mostly an invalid, and spent my time with a handful of people, just reading for two years. Was in the uber-Lefty envornment of King's College (where the British traitors come from). When I got there I was Left-Curious, but when I split I was into Sowell and Milton Friedman.
Stanford - PhD They were great to me. I was an invalid there as well for much of the experience. Started in mathematical logic, ended up doing stuff in development economics, jurisprudence, and political philosophy. As a grad student my major influences were the other grad students, with whom one forms close bonds. Martin Jones (Oberlin?) and Taylor Carmen (Barnard?). Ask them.
What convinced you to damn the torpedoes and what other examples, successful or not, can you give of this full speed ahead orientation with respect to your life? So that has focused my mind tremendously. Lot of things I want to get done, and none of them have to do with knuckling under to the Combine. In fact, they largely have to do with blowing up the Combine. (Gold star to the first who can say where the expression "Combine" comes from.)
Combine = "Our Benefactors" in the half-life universe. HL3 confirmed! One Flew Over the Cuckoo's Nest.
Organised crime on Wall St -- Can you elaborate? Yes. Wall Street started to be infiltrated by Organized Crime. It sttarted with Michael Steinhardt in the 1970's (his dad, Sol Steinhardt, was the biggest Mob fence in America, and went to Sing Sing, from whence he put his son Michael through Wharton, who then started what was arguably the first hedge fund in 1968, funded over time by cash from his dad's cronies.)
Google "Operation Uptick": the largest Mob arrest in US history was 120 goons from around Wall Street.
The Gambinos and Genovese fought over Wall Street in the 1990s. The Genovese won. Wherever Genovese are, there is Russian Orgnized Crime (the Genovese sponsored the Russian OC into the US like you or I would sponsor a family from Laos). See "Red Mafiya."
Anywhere you see "bucket shops" you are seeing OC.
I also work as an editor and journalist at DeepCapture.com, which explores this subject in hundreds of posts.
Mr. Byrne, No opinion on such companies.
What is your take on companies that operate solely in Bitcoin (i.e. Blockchain, Bitcoinstore.com, etc)? Are you offering your employees to take a percentage of their salary in Bitcoin? Not offering it to employees yet, but there is always the year-end bonus to consider!
Thank you for doing this AMA, and thank you for your activism and conviction you have shown over the years! Hindsight is 20/20, what is one decision that you would make, or wouldnt make, if you had to start Overstock.com all over again? When someone is dishonest, do not try to cajole or coach them. Get rid of him.
Hello patrick first i will like to say thank you for all you do. i have 3 questions 1. who are your favorite philosopher's and what book on philosophy do you recommened for enlightenment? Who are your favorite philosopher's and what book on philosophy do you recommened for enlightenment?
I admire tesla as a person and for his work, have you heard of the keshe foundation? where do you stand on free energy? I admire tesla as a person and for his work, have you heard of the keshe foundation? where do you stand on free energy? NO THOGHTS.
Will the criminal cabal who runs the united corporation of america fail? Will the criminal cabal who runs the united corporation of america fail? I'M WORKING ON IT, I'M WORKING ON IT.
I'm a computer programmer, so I'd like to ask a technical question if it's not a secret - what do you use for source control? Ironically enough: Subversion.
As a successful entrepreneur, what advice would you give to someone just starting up their own (tech) company? Calculate how much capital it is going to take to start your business, and how many years. Then square both those numbers.
I'd like to thank you for the nice red lounge chairs I got from Overstock. I was able to get a good price for them at a garage sale later. My question is how do you ensure a stable inherent value in cryptocurrency? Unlike Gold, which is a tangible thing, or a Federal Reserve Note which has value simply because the government says it does, with something like Bitcoin how can it retain value and trust without some "official" endorsement and tie in to a national currency? - if you DID tie it to something like the dollar.. then what would be the point? Right. Some say that Bitcoin is a figment of someone's imagination. But as I said on Fox or CNN or something recently (search my name on Youtube, you'll find it), I would be happy to debate the metaphysical properties of Bitcoin versus whatever the metaphysical properties are of those 65 billion figments Janet Yellen createde last month.
An opponent would say that those 65 billion figments are backed by the taxing authority of the US government. To which I respond: But if that taxing authority is tapped out (which it obviously is, otherwise we would not be in the fiscal state we are as a country) then those 65 billion things are backed by... nothing. At least there are a limited number of Bitcoin figments!
You have previously mentioned in a interview with Forbes that you are very intersted in a "Bitcoin version of the stock market" and having the ability to conduct more than just simple transactions via a blockchain. I am a bit confused about what you are asking. My fight with Wall Street came about because I became convinced in 2004 that the market's mechanisms for clearing and settling trades had been corrupted by bad elements. It all started there. Hence, the peer-to-peer aspect of Bitcoin et. al. deeply attracats me.
NXT - the first second generation cryptocurrency is doing this with it's new features being launched in the upcoming weeks and months. Have you looked into it and / or considered accepting it for overstock? I do not know NXT, but I am interested in finding (and even potentially investing in) efforts to create a peer-to-peer capital market. In fact, if a good solution emerges, you might even see Overstock be the first issuer of a stock or bond in such a market, just to help things get going! (Incidentally, we were the first to do a Dutch auction IPO, for precisely that reason.)
Clearly bitcoin has the potential to rid the world of much corruption. Have you thought of publicly endorsing it in this manner. Because most people do not understand the countless benefits that this technology has to offer to our society. All our new commercials end with a "Now Accepting Bitcoin" under the logo. Look for them.
Your top executives (Stormy Simon, Johnathan Johnson, Dave Nielsen) make $350K a year in salary, while Amazon pays their around $160K. This information is made public in SEC fillings. How is your executive compensation determined? One must look at cash and non-cash together.
When and from whom have you first heard of Bitcoin, and what was your first reaction? About two years ago I read a short piece about it in Wired, or Fast Company (perhaps). It struck a bell, from my computation studies at Stanford. I was also struck by how it has properties similar to gold's.
Edit: I also want to thank you for pioneering the way with cryptocurrencies and exposing Wallstreet corruption. Your work is very much needed and greatly appreciated! However, I think the crowdfunding movement is spectacular, and might be considered as well.
You mentioned the term bust out in your presentation on Ecomonic Warfare. You taught that an example of this was the S&L crisis. Where do you see the next bust out occurring? I don't know. Wherever you see an industry get over-leveraged, I suppose. Look for whatever sector has the most cronies of Michael Milken: thta would be a good guess.
I've heard from multiple sources that the stock market is due for a major retraction this year because its been artificially propped up by the FED's QE. Your thoughts? It is true that the Fed is propping it up, but they are not going to stop. They cannot stop lest we slide back into a deeper recession/depression.
However, eventually reality has a way of happening.
Remember, we used to refer to "The Great War" before we learned enough to start numbering them. The same will be true someday of "The Great Depression".
What do you think of the issues cryptocurrencies have been having in terms of security (Mt Gox "break-in", Flexcoin, etc all)? Will people ever be able to overcome their bias of Bitcoin or will it need to rebrand as a more secure currency or more user friendly to gain wider acceptance? So did Target.
It won't "rebrand" deliberately because there is no owner. It will morph and evolve to be better and better. I suspect that as other currencies develop traction, Bitcoin will harvest their better attributes and make them its own. However, switching costs are not too high... Other currencies may fare well.
I admire your position and fight for school vouchers, now that charter schools have become more common, do you feel that charter schools can replace the need for school vouchers? Charter schools are less controversial but not as readily available due to the lottery system. 1) Backpack funding (e.g., Oakland) - Send your kid to any public school in the district that you want, and the funds travel with him (in his "backpack" so to speak). Something like Henry Ford saying, "You can buy a Model T in any color you want as long as it's black." But it's a start.
2) Charter schools - As you say, these have momentum.
3) Vouchers (or their economic equivalent, tuition tax credits). These create the most freedom of all the methods.
Thanks for doing this Mr. Byrne. I was curious if overstock held a small % of the btc from purchases or is it all automatically sold on the market? 10%.
Sorry if this has been mentioned already but how would you suggest the community as a whole informs the general public about bitcoin? Obviously mainstream media isnt doing a great job since their main focus are the negative stories relating to bitcoin since thats what sells. Like Ho Chi Minh, make it a war of the ants against the elephants.
My company's CEO thinks there are more important things to take care of rather than bitcoin payments. What would you say to him? Beat the rush.
Hi Patrick! I'd just like to say it's great working here at Overstock. Would you rather fight 100 duck-sized horses or 1 horse-sized duck? Having been nibbled to death by a duck, I would rather fight the horses of whatever size.
What do you like about Utah and what do you do for fun here? What do you like about Utah and what do you do for fun here? BUILD OVERSTOCK.
Any chance the Ostk benefits would include more than the Snowbird pass discount? Maybe more resorts discounts benefits? Any chance the Ostk benefits would include more than the Snowbird pass discount? Maybe more resorts discounts benefits? NO. WOULD RATHER JUST PAY THE CASH.
I'm sorry that you contracted cancer numerous times, do you have any ideas about what caused it? Also, Bitcoin :-} Nope. Just lucky I guess.
What was the last thing you bought from overstock.com? A book about Camille Claudel, I think.
What the fuck was the deal with Snoop? Stormy just wanted to meet the guy, so you waste MILLIONS on an ill-fated promotion that is so at odds with your brand? You mean this? Link to www.youtube.com
Note our appearance in his video: Link to www.youtube.com
It has 2.5 million hits. Seems to have struck a chord for some.
What are you, racialist?
"three time cancer survivor" Did you grow up under power lines? Or did you just like the way lead-based paint tasted? Some guys just get lucky.
Related note: Seriously, no one is out to get you! Quit moving your damn office every three months! 3) I move my office because we are a flexible, agile environment. Sounds like that was something you could not grasp during your tenure here.
Do you know who's behind the Satoshi twitter account? No.
I work over at castle and I challenge you to a game of ping pong. You're on.
My paycheck against yours?
(Joke: I don't get paychecks, I believe.)
Truly. The beautiful thing about bitcoin is that we can all be a small part of this change. The peer to peer aspect makes it truly pro-freedom. True dat.
Thank you for accepting bitcoin Patrick. I've made several purchases on Overstock instead of Amazon because of it. Thanks. Spread the word! We took a chance by taking it. Help make it pay off by getting more people to think like you.
(Notice Amazon recently dissed Bitcoin? They do not want to appear as Me-too'ers.)
Hello Mr. Byrne, I became a strong believer in several ways. 1) As a grad student at Stanford I studied computation thory, which underlies public key encryption, and so when cryptocurrencies came along it was not as magical-sounding to me as it might have been. 2) I am a proponent of the Austrian School of Economics, which, in general, eschews fiat currency in favor of a gold standard. The goal is not really the gold standard, however: the goal is to have a form of money that is intrinsically limited. Bitcoin et. al. accomplishes that. In addition, cryptocurrencies are SpaceCash (a word I think I just made up) that can be beamed across the galaxy! (Henceforth in my answers I will use "SpaceCash" top refer to all cryptocurrencies.)
Clearly bitcoin and other cryptocurrencies have the potential to change how our world does money for the better. What made you such a strong believer in bitcoin, and how would you spread this knowledge to other CEOs like yourself.
It's my understanding that since Overstock.com uses a Coinbase to facilitate the transaction Overstock does not sit on any Bitcoin; just the cash after the fact. Correct. Acutally, I think we are accumulating 10% of what gets spent with us in Bitcoin, as Bitcoin.
Just want to say you sound like a really cool mega rich person. Thanks. If so, it helps that I was a really cool person before I became a rich guy.
Last updated: 2014-05-06 21:05 UTC
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Patrick Byrne on Changing a Billion Lives, and Stopping Corruption with Blockchain - Full Interview Opening Remarks: Patrick Byrne  Debate Clip  Bitcoin Is More Than a Bubble And Here To Stay Dr. Patrick Byrne - tØ - The North American Bitcoin ... Overstock's Patrick Byrne on Bitcoin, Net ... - YouTube Patrick Byrne about Bitcoin

Published on Oct 21, 2014 by WallStForMainSt via YouTube. Jason Burack of Wall St for Main St had on American entrepreneur, e-commerce pioneer, CEO and chairman of Overstock.com and Bitcoin entrepreneur, Patrick Byrne. Patrick has been called the “Most Hated Man on Wall Street” and he has been a voice of truth for reform against corruption in government and on Wall Street for over a decade ... Patrick Byrne heads up Overstock.com, one of the world's largest online retailers, with over $1.3 billion in sales annually. An ardent proponent of Bitcoin and related blockchain technologies and ... Renowned crypto champion Patrick Byrne has announced his resignation as Overstock CEO. Byrne was a rare ardent crypto worshipper despite leading a public US company. In a letter to the shareholders on Thursday, Byrne said he was stepping down as the CEO of the company and also as a member of the board of directors as a result of insurability. Tags: bitcoin, Overstock.com, Patrick Byrne, russia + Leave a Comment. Leave a Reply Cancel reply. You must be logged in to post a comment. Press Releases + Press Release CEO Of BTCS Explains How ... American entrepeneur and Bitcoin advocate Patrick Byrne has announced his resignation as both CEO and board member of Overstock.com. "[W]hile I believe that I did what was necessary for the good ...

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Patrick Byrne on Changing a Billion Lives, and Stopping Corruption with Blockchain - Full Interview

Patrick Byrne was a guest of the Humans of Bitcoin Podcast, where he talked about the power of Blockchain, his relationship with Warren Buffet, his story with Wall Street and future plans. Listen ... This week we talk with Patrick Byrne, CEO of Overstock.com, and rare courageous voice within corporate America raising concern that powerful interests on Wall Street are destroying US companies ... The premium version of this episode also includes why he first decided to open Overstock.com to accept Bitcoin, his views on the future of bitcoin, and what it was like being the most hated man in ... Anarchast Ep.381 Jeff interviews founder and CEO of Overstock.com, Patrick Byrne. Topics include: self ownership and voluntaryism, starting Overstock.com, the dotcom bubble and crash, Bitcoin and ... Overstock.com CEO and “Bitcoin messiah” Patrick Byrne argues that Bitcoin and cryptocurrency offers a new way to think about global finance. =====...

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