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

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

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

 

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