Author Topic: Patrick Byrne, Overstock CEO - Keynote - 20th May  (Read 716 times)

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Offline CLains

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Patrick Byrne, Overstock CEO - Keynote - 20th May
« on: August 01, 2014, 04:37:29 pm »
https://www.youtube.com/watch?v=bkf04kQw1YU

Very interesting. This guy goes way deeper than you'd expect from "Overstock CEO." Looking into his background however, it makes sense: Patrick Byrne is an avowed libertarian who studied theory of computation and has a PhD in philosophy.

He views civilization as an operating system. He understands economies of scale. He believes strongly in consent of the governed and reacts strongly to all submissive ideologies that revolve around trust.

He has been concerned for a long time about the Regulatory-Capture and even Deep Capture that he sees manifested on Wall-Street and in Washington. He believes that it is necessary to replace both Central Banking and Central Counterparty Clearing with decentralized alternatives.

Finally, he is excited about blockchain-based decentralized exchanges, stocks and derivatives.
« Last Edit: August 01, 2014, 04:45:56 pm by CLains »

Offline CLains

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Re: Patrick Byrne, Overstock CEO - Keynote - 20th May
« Reply #1 on: August 01, 2014, 04:41:09 pm »
Quote from: Patrick Byrne
We want a money that some government mandarin can’t just whisk into existence with a pen stroke

Quote from: Patrick Byrne
“I wish to provide the world a way to give Wall Street some payback,”

Quote from: Journalist on Byrne

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... He advocated using the software that underpins bitcoin to rebuild the stock market as well... He intends to 'open source' a blueprint of his plan, so that any other company can make use of it.

Offline bobmaloney

Re: Patrick Byrne, Overstock CEO - Keynote - 20th May
« Reply #2 on: August 01, 2014, 04:42:55 pm »
For those interested, Triangulation did a pretty good interview recently:

http://twit.tv/show/triangulation/158
"The crows seemed to be calling his name, thought Caw."
- Jack Handey (SNL)