Blockchain 360 Podcast

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. Overstock.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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Sponsor:  www.TheBlockchainAcademy.com