Patrick Byrne - avowed libertarian with a PhD in philosophy
“We want a money that some government mandarin can’t just whisk into existence with a pen stroke,”
..he advocated using the software that underpins bitcoin to rebuild the stock market as well.
Overstock has already held extensive discussions with a company called CounterParty, which offers software that could help drive such a cryptosecurity, and if he decides this kind of thing is possible,
..he intends to “open source” a blueprint of his plan, so that any other company can make use of it.
Byrne says that one of the things he’s trying to eliminate is high-speed trading that serves no real purpose—other than to generate profits for those doing the trading—and he’s sees current blockchain software as just one step towards remaking the stock market.
“I wish to provide the world a way to give Wall Street some payback,” he says, “in the form of a massive hot fudge high colonic that would be a cryptosecurity.”