“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:
Caymans win a free tax loophole in exchange for their FATCA signature
China Bitcoin Crackdown Intensifies
David Gregory Does Some Hard-Hitting News Coverage
Living on Bitcoin is a real challenge for newlywed couple
DOJ Demands 1.3 Million IP Addresses Of Visitors To Antifa Website
Globalist Euro Disaster: Euro Founder Endorses Bust-Up
A Chance to Live Like a Soros
Medical marijuana proprietor gets 10-year prison sentence
Seattle clears marijuana convictions, following San Francisco lead
IRS cracks down on family land gifts not declared at tax time [2011]
Gun Control in Connecticut Is a Bonanza for Gun Sellers Outside of Connecticut.
In-person Bitcoin exchanges make a splash in Berlin
Feds tell Web firms to turn over user account passwords
Police Tackled, Arrested Homeowner Who Refused Warrantless Entry
Kissinger: "Pre-Emptive Attack" Against North Korea "Is Strong" Possibility