Author Topic: Patrick Byrne (Overstock CEO) looking for another Blockchain. Bitshares anyone?  (Read 4026 times)

0 Members and 1 Guest are viewing this topic.

Offline Akado

  • Hero Member
  • *****
  • Posts: 2752
    • View Profile
  • BitShares: akado
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline bytemaster

We have reached out to our contacts at Overstock to follow up.  Please do not spam them.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline btswildpig

  • Hero Member
  • *****
  • Posts: 1424
    • View Profile
That's awesome. It should happen to most companies who want to use blockchain tech  :P  does anyone know how to contact them without spamming their email box?I feel if someone emailed them they would just ignore..

We should aim for that, we're still in a... underdeveloped phase for such a big company I guess, but that can be worked out with time. I mean, they're looking for other solutions right? After Bitcoin they'll probably look at ethereum, but they want something that can scale right? And isn't BitShares the best option for that?

We can tweet them ;) https://twitter.com/Overstock

You don't need to email them. Patrick is familiar with BTS & is likely following it.

We're actively in talks with Overstock - that's all I'm allowed to say now.

The 'perceived threat' from Overstock was also likely one the catalysts for adding dilution...

What if someone decided to invest $30 million dollars to build infrastructure for a clone of BTSX and didn't honor AGS/PTS/X holders?
What if someone built a better wallet, a phone app, and had multiple gateway partners?
What if it isn't technology that mattered but network effect and partners?
What if the technology behind BTSX wins the day but another chain gains the network effect?
What if BTSX could do that first?
What if BTSX could invest $30 million dollars to do these things?
What if BTSX couldn't?
What if the BTSX development team could be 10 x larger? 
What if....

https://bitsharestalk.org/index.php?action=post;quote=122263;topic=9418.0

LaMancha (high probability = Dan) preceded Overstock announcement by 10 days...

so it looks like we have overstock to blame for the merger  :'( :'(
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline Empirical1.2

  • Hero Member
  • *****
  • Posts: 1366
    • View Profile
That's awesome. It should happen to most companies who want to use blockchain tech  :P  does anyone know how to contact them without spamming their email box?I feel if someone emailed them they would just ignore..

We should aim for that, we're still in a... underdeveloped phase for such a big company I guess, but that can be worked out with time. I mean, they're looking for other solutions right? After Bitcoin they'll probably look at ethereum, but they want something that can scale right? And isn't BitShares the best option for that?

We can tweet them ;) https://twitter.com/Overstock

You don't need to email them. Patrick is familiar with BTS & is likely following it.

We're actively in talks with Overstock - that's all I'm allowed to say now.

The 'perceived threat' from Overstock was also likely one the catalysts for adding dilution...

What if someone decided to invest $30 million dollars to build infrastructure for a clone of BTSX and didn't honor AGS/PTS/X holders?
What if someone built a better wallet, a phone app, and had multiple gateway partners?
What if it isn't technology that mattered but network effect and partners?
What if the technology behind BTSX wins the day but another chain gains the network effect?
What if BTSX could do that first?
What if BTSX could invest $30 million dollars to do these things?
What if BTSX couldn't?
What if the BTSX development team could be 10 x larger? 
What if....

https://bitsharestalk.org/index.php?action=post;quote=122263;topic=9418.0

LaMancha (high probability = Dan) preceded Overstock announcement by 10 days...


If you want to take the island burn the boats

Offline btswildpig

  • Hero Member
  • *****
  • Posts: 1424
    • View Profile
lol , you forgot about what happened last year with the Patrick guy  :'( :'( :'( :'(
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline sudo

  • Hero Member
  • *****
  • Posts: 2255
    • View Profile
  • BitShares: ags
That's awesome. It should happen to most companies who want to use blockchain tech  :P  does anyone know how to contact them without spamming their email box?I feel if someone emailed them they would just ignore..

We should aim for that, we're still in a... underdeveloped phase for such a big company I guess, but that can be worked out with time. I mean, they're looking for other solutions right? After Bitcoin they'll probably look at ethereum, but they want something that can scale right? And isn't BitShares the best option for that?

We can tweet them ;) https://twitter.com/Overstock

call them  by phone  or  go to the company

Offline topcandle

https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline CLains

  • Hero Member
  • *****
  • Posts: 2606
    • View Profile
  • BitShares: clains
I was there when he announced his initial decision.... I was madder than anybody around... but now I have a different take...

They are just turtles... to the core of their hearts... the fastest running turtle is at the end of the day just another turtle....they cannot be educated...they can be just eradicate by the next wave!

I had the same feels of sounds falling of deaf ears, that only time could heal their ignorance.

Offline tonyk

  • Hero Member
  • *****
  • Posts: 3308
    • View Profile
I was there when he announced his initial decision.... I was madder than anybody around... but now I have a different take...

They are just turtles... to the core of their hearts... the fastest running turtle is at the end of the day just another turtle....they cannot be educated...they can be just eradicate by the next wave!
« Last Edit: December 17, 2015, 11:22:35 pm by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Educate them about graphene as a standalone technology and only then tell them that they dont need to run their own chain but can benefit from existing user base and infrastructure using bts!

That would be my approach.

Offline Akado

  • Hero Member
  • *****
  • Posts: 2752
    • View Profile
  • BitShares: akado
That's awesome. It should happen to most companies who want to use blockchain tech  :P  does anyone know how to contact them without spamming their email box?I feel if someone emailed them they would just ignore..

We should aim for that, we're still in a... underdeveloped phase for such a big company I guess, but that can be worked out with time. I mean, they're looking for other solutions right? After Bitcoin they'll probably look at ethereum, but they want something that can scale right? And isn't BitShares the best option for that?

We can tweet them ;) https://twitter.com/Overstock
« Last Edit: December 17, 2015, 09:58:37 pm by Akado »
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline topcandle

https://www.reddit.com/r/Bitcoin/comments/3x8o0u/maybe_were_not_going_to_use_the_bitcoin/


The “throughput” that Byrne is referring to is really the ability of the Bitcoin network to process large numbers of transactions and upload them to the blockchain without getting bogged down. As numerous spam attacks—or “stress tests,” depending on your outlook—have proven over the last year, the Bitcoin blockchain is pretty easily gummed up. If this happens, that proof of stock ownership might not take 10 minutes to go through, but hours, or even days. Another chain might not have these issues.
http://motherboard.vice.com/read/overstock-wants-to-fix-wall-street-by-trading-brokers-for-the-blockchain
Here's a major player who wants to use Bitcoin as a settlement layer today, and has to look at other alternatives because of the block size cap.
I fear this is rapidly going to become a reoccurring theme...
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads