
“Overstock.com and its swashbuckling CEO, Patrick Byrne, are hoping to create a new kind of corporate stock based on the computer software that drives bitcoin, aiming to overhaul the stock market in much the same way that bitcoinoverhauled how we store and exchange money. Overstock—one of the world’s largest online retailers, with $1.3 billion a year in sales—unveiled a webpage that explores how a public company could issue a ‘cryptosecurity’ to potential investors. In an echo of the bitcoin digital currency, this would be a stock that’s controlled by cryptographic algorithms running across a network of computers owned by people and companies spread across the globe.”
http://www.wired.com/2014/07/overstock-and-cryptocurrency/
Related posts:
Parents from faith-healing church charged in diabetes death of daughter
U.S. Gov. Gets $2.6 Billion In Credit Suisse 'Money Laundering' Case
Evil octopus strangling the world becomes latest US intelligence seal
76-Year-Old Man Loses $197,000 Home Over $134 Tax Lien
U.S. Drones Double Tap, Targeting Rescuers
All True Journalism is Adversarial
UN official tells US to stop drone strikes
Ben Swann: President Obama Wants To Protect Children? Why Not End U.S. Drone Strikes?
Secrets Police Don't Want You To Know
CoinJar Receives Australia's First Major Bitcoin Investment
Wireless 'smart meters' tell snoopers when you are not home
NYC Mayor Bloomberg spending millions on political ads as ‘counterweight’ to NRA
The Real Cyprus Template (the one you're not supposed to notice)
GlaxoSmithKline Starts First Human Trials For Ebola Vaccine In Africa
Latest chapter for Google self-driving car: mastering city street driving