[2015-08-07] Overstock CEO Uses Bitcoin Tech to Spill Wall Street Secret

[tyz]

Overstock CEO Uses Bitcoin Tech to Spill Wall Street Secret   THE GLOBAL STOCK Market spans about $101 trillion in financial securities. And at any given moment, about $1.7 trillion is out on loan. Hedge funds, mutual funds, and other traders don’t just buy and sell stock.

http://www.altcointoday.com/overstock-ceo-uses-bitcoin-tech-to-spill-wall-street-secret/

[Kakmakr]

Remind me not to piss of Patrick Byrne. He is surely stepping on some big toes, in doing this. Will the middleman take this laying down? It has definitely have some perks for everyone now, and not just for the Goldman Sachs and Morgan Stanley's of the world.

I guess Wall Street will just counter this, as the banks did with Bitcoin. Steal the concept and apply it themselves. Why do they need to work through Patrick Byrne to do this, if they can use the Blockchain to do it themselves.
It's going to be interesting to see how this play out. ^hmf^

[Denker]

Alright here is the related video.I recommend watching it. Pretty interesting and definately worth it!

Overstock CEO Patrick Byrne announces new financial technology innovations
https://www.youtube.com/watch?v=suhYcwXwV2o&feature=em-uploademail

[fancy_pants]

Remind me not to piss of Patrick Byrne. He is surely stepping on some big toes, in doing this. Will the middleman take this laying down? It has definitely have some perks for everyone now, and not just for the Goldman Sachs and Morgan Stanley's of the world.

I guess Wall Street will just counter this, as the banks did with Bitcoin. Steal the concept and apply it themselves. Why do they need to work through Patrick Byrne to do this, if they can use the Blockchain to do it themselves.
It's going to be interesting to see how this play out. ^hmf^

"The banks?" ... what has any bank done with bitcoin exactly besides allowing a PR agency or two to say they're investigating?

[pitham1]

Remind me not to piss of Patrick Byrne. He is surely stepping on some big toes, in doing this. Will the middleman take this laying down? It has definitely have some perks for everyone now, and not just for the Goldman Sachs and Morgan Stanley's of the world.

I guess Wall Street will just counter this, as the banks did with Bitcoin. Steal the concept and apply it themselves. Why do they need to work through Patrick Byrne to do this, if they can use the Blockchain to do it themselves.
It's going to be interesting to see how this play out. ^hmf^

"The banks?" ... what has any bank done with bitcoin exactly besides allowing a PR agency or two to say they're investigating?

What they disclose to the public is far lesser than what they actually do. Goldman Sachs conducted a session on Bitcoin to its top clients far before they even acknowledged that something like Bitcoin exists. So you can't be sure what they are up to.