Patrick Byrne is CEO and co-founder of the internet retail company Overstock.com and is CEO of tZero, an ICO training platform he founded. Under his leadership, Overstock.com became first business with more than $1 million in revenue to accept bitcoin as a payment method. Later, using the familiarity gained with the blockchain technology at the heart of digital currencies such as bitcoin, Byrne created Medici Ventures, a subsidiary within Overstock.com devoted to advancing blockchain-based technology solutions. In 2015, he used Medici’s t0.com securities trading platform to become the first person to purchase a digital bond entirely on the bitcoin blockchain.
More About Patrick Byrne
Patrick Byrne “has long warned that our economy is hurtling toward another massive recession – what he calls the zombie apocalypse – and he believes bitcoin can shelter us from the fallout.”
Oppressive financial systems control society. Patrick Byrne wants to undermine them.
Patrick Byrne discusses bitcoin and a more efficient open-source project called Ravencoin.
Patrick Byrne argues, “If a company is raising money you'd have to almost be nuts in this country to go public in the current market as it exists … It's so manipulative. It's so distorted. There's so many sharks swimming around in that water [that] have ways that play games with your stock.”
“Overstock.com CEO Patrick Byrne talks with CNN’s Zain Asher about the potential strengths of bitcoin during a dollar crisis.”
With regards to new cryptocurrencies, Patrick Byrne warns: “I’d put it this way: If they don’t already have a bunch of blockchain developers and if they can’t tell you what ERC-20 is … then they’re con men.”
Patrick Byrne argues: “This dollar stuff, it’s just some fiat currency based on … the surplus taxing authority of the U.S. Treasury of which I assert there is zero ... It’s about time the world switches to real money. Either gold or bitcoin.”
“[Patrick] Byrne forecasts that the launch of tZERO will represent the ‘tip of the spear’ for institutionally-friendly blockchain technologies and investments.”
“Overstock plans to become the first big US online retailer to accept Bitcoin, as Patrick Byrne, the company’s libertarian chief executive, warms to the virtual currency as a refuge from government control.”