Patrick Byrne

Patrick Byrne

Bitcoin Messaih Patrick Byrne and his Battle to Dislodge Wallstreet

The cryptocurrency world and the blockchain technology are coming headlong for almost every industry, and there seems to be no way of stopping them in their track. Far beyond the banking sector, blockchain startups have been springing up exposing fundamental problems that currently exists in industries as wide as insurance, real estate and of course the financial securities markets. With scathing comments coming from the present establishment of Banking and other financial service industries, it can be safe to assume that Bitcoin and cryptocurrency has firmly gotten the attention of everyone worth noting.

Overstock.com CEO Patrick Byrne who is also known in the cryptocurrency circles as Bitcoin Messiah is somewhat of a visionary, as his company which is among the biggest online retail companies in the world, was among the first to hit the ground with accepting Bitcoin as a means of payment for their goods. Long before Microsoft and Dell smelled the coffee, Patrick Byrne and Overstock were deep into Bitcoin territory and through his blockchain startup, the multiple times cancer survivor seems dead set on making Wall Street sweat some more.

Being an ardent believer in the cryptocurrency industry, and coupled with the fact that Patrick Byrne’s no love lost relationship with Wall Street is widely documented, it is little wonder that the maverick investor seeks to disrupt the securities markets industry with his T0 blockchain-based startup. This brainchild of Byrne’s seeks to promote a fairer and more transparent trading environment and also offer companies the chance to offer their shares for sale to investors directly without resorting to Wall Street brokers.

Patrick Byrne is a staunch believer in Bitcoin and that is why he says his company was one of the first to actually take a chance on the cryptocurrency. And his faith seems to be paying off as Bitcoin has finally breached the $10,000 mark as at the time of writing this. Byrne says he loves Bitcoin because it is finally giving people their own money away from the tight control of central banks and government. As a “pro-freedom” philosopher Patrick Byrne believes that Bitcoin and the cryptocurrency world have a lot to offer to solve some of society’s great ills.

Patrick Byrne notes that the constant scathing attacks coming from big time investment bankers on the Cryptocurrency is no more than fear mongering than any actual concern for public safety. A few months ago Bitcoin was tagged as a fraud by Jamie Dimon of JPMorgan, but that doesn’t seem to have any effect on the demand for what is now truly taking shape as an actual virtual gold. To Byrne, the likes of Dimon are only crying foul because the cryptocurrency industry is one that cannot be rigged or skewed in their favor. He said that Investment Banks and countries such as China that also cracked down on the industry a few months back are only acting out of irrational fear than any actual problems the industry presents. Whatever the future may be like, it is now starkly clear that Byrne and his likes that took on early to Bitcoin are indeed visionaries rather than the brash fringe thinkers Wall Street and its bankers paint them to be.

Medici Ventures’ Bitsy Launches User-Friendly Crypto Wallet and Exchange
September 14th, 2018

Overstock’s affiliated blockchain company Medici Ventures has funded a beta-launch of the cryptocurrency wallet designed by Bitsy to blur borders between digital and fiat money.

tZero Releases Prototype of Its New Security Token Trading Platform
April 10th, 2018

The company has delayed the launch of the final version of the trading platform until May as it is still developing further regulatory compliance.

SEC Scrutinizes Overstock’s $250 Million tZero ICO
March 1st, 2018

As a part of the agency’s months-long probe into the nascent crypto fundraising mechanism, SEC has subpoenaed the online retailer Overstock and requested for additional information about the company’s ongoing $250 million ICO for its tZero alternative trading system.

Overstock CEO Patrick Byrne Predicts that tØ ICO Will Raise $200-$500M Easily
October 10th, 2017

Overstock CEO Patrick Byrne confirmed the upcoming tZero ICO scheduled by Thanksgiving, adding it can raise up to $500 million.

Rumors: Amazon May Accept Bitcoin by October
September 25th, 2017

According to James Altucher, experienced trader and venture capitalist, Amazon will start accepting Bitcoin as a new method of payment as early as in October.

Overstock.com’s TØ Partners with Keystone Capital Corp. in First Public Issuance of Blockchain Equities
September 15th, 2016

Keystone Capital Corporation has announced a license agreement with Overstock’s subsidiary to use its blockchain trading technology for offering trading account and brokerage services to investors.

Overstock.com to Issue Its Own Stock on Its Blockchain Platform tØ
March 16th, 2016

If Overstock.com fulfils the public offering it plans, its shareholders will get an opportunity to buy blockchain or traditional stock.

Bruce Fenton, Patrick Byrne, Brock Pierce, Bobby Lee Will Speak at TNABC 2016 in Miami
January 13th, 2016

This year, the North American Bitcoin Conference is anticipated to include presentations from some of the leading players in the cryptocurrency sector, including Bobby Lee and Bruce Fenton.

Overstock.com’s CEO Patrick Byrne Speaks Against R3 Blockchain Consortium
December 22nd, 2015

While R3 CEV blockchain consortium attracts new members, Overstock.com’s CEO Patrick Byrne warns that the initiative can stifle innovation.

Overstock.com to Issue Shares Using Blockchain Technology, Report Says
December 8th, 2015

Various sources close to Overstock say that the U.S. Securities and Exchange Commission has approved a S-3 filing for Overstock.com to issue new publicly traded shares on the Bitcoin blockchain.