Will Overstock Revolutionize the Stock Exchanges Business with Blockchain?
Ross Pilot, 17 November 17 2017
Do you believe in the long-term future of initial coin offerings but can’t stomach the lack of regulation, wild-west mentality, and outright scams in the marketplace? There are just not a lot of good deals out there.
Nano-caps have turned overnight-blockchain with a signed MOUs or JVs that lets them put out a news release with words “blockchain” just to cash in on the hype.But there have been very few options to bet on a true blockchain based application that is in development and not just written up in whitepaper or PowerPoint presentation.
Except for one: Overstock.com (NASDAQ: OSTK) Yes the e-commerce company. I know that sounds unlikely. But hear me out. The Blockchain Visionary: Patrick Byrne Overstock is run by CEO Patrick Byrne, who has been called the scourge of Wall Street and the most hated man on wall street. Byrne himself has called the SEC a captured regulatory agency and fought a number of protracted battles against it. He has sued many of the large investment banks including suing Goldman Sachs twice, during his decade-long attack on naked short selling.
