Bitcoin Forum
December 18, 2017, 07:27:53 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: CEO Patrick Byrne has accumulated stash to 'survive three-month freeze'  (Read 676 times)
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148


In Satoshi I Trust


View Profile WWW
November 18, 2015, 09:29:54 AM
 #1

CEO Patrick Byrne has accumulated stash to 'survive three-month freeze'

The boss of online marketplace Overstock.com has revealed he has stashed away $10million in gold and silver in the Utah wilderness as part of a back-up plan to survive any collapse of the U.S. financial system.

http://www.dailymail.co.uk/news/article-3322446/Overstock-com-reveals-prepper-plan-Online-retailer-buried-10m-gold-silver-secret-Utah-hideaway-hoarded-food-case-world-financial-struck-disaster.html

1513625273
Hero Member
*
Offline Offline

Posts: 1513625273

View Profile Personal Message (Offline)

Ignore
1513625273
Reply with quote  #2

1513625273
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513625273
Hero Member
*
Offline Offline

Posts: 1513625273

View Profile Personal Message (Offline)

Ignore
1513625273
Reply with quote  #2

1513625273
Report to moderator
1513625273
Hero Member
*
Offline Offline

Posts: 1513625273

View Profile Personal Message (Offline)

Ignore
1513625273
Reply with quote  #2

1513625273
Report to moderator
1513625273
Hero Member
*
Offline Offline

Posts: 1513625273

View Profile Personal Message (Offline)

Ignore
1513625273
Reply with quote  #2

1513625273
Report to moderator
1Referee
Legendary
*
Offline Offline

Activity: 1358

www.bitkorn.com domain for sale.


View Profile
November 18, 2015, 09:44:27 AM
 #2

I wonder if people will try to search through the entire ground of Utah to find the burried Gold and Silver being worth $10M. Not very smart to share such information with the outside world  Cheesy

Denker
Legendary
*
Offline Offline

Activity: 1162



View Profile
November 18, 2015, 12:13:14 PM
 #3

CEO Patrick Byrne has accumulated stash to 'survive three-month freeze'

The boss of online marketplace Overstock.com has revealed he has stashed away $10million in gold and silver in the Utah wilderness as part of a back-up plan to survive any collapse of the U.S. financial system.

http://www.dailymail.co.uk/news/article-3322446/Overstock-com-reveals-prepper-plan-Online-retailer-buried-10m-gold-silver-secret-Utah-hideaway-hoarded-food-case-world-financial-struck-disaster.html

So he digged a few holes in the desert of Utah to hide his precious metals there and is now shouting that out into the public?
If true that's not very smart. I already can see treasure hunters out there scanning the ground with their metal detectors. Cheesy

defaultking
Full Member
***
Offline Offline

Activity: 140


★Bitvest.io★ Play Plinko or Invest!


View Profile
November 18, 2015, 12:24:47 PM
 #4

Yeah that's crazy. Even if you don't find everything and just find a piece of his fortune (a small piece at that) most people would still come out positive than working that year at their current day job.

RealBitcoin
Hero Member
*****
Offline Offline

Activity: 854


JAYCE DESIGNS - http://bit.ly/1tmgIwK


View Profile
November 18, 2015, 01:48:57 PM
 #5

Its a very good move, although I would have not disclosed its location, not even the area.

Because now every "treasure hunter" will search the place for his treasure and try to steal it.

If I were him, I would have purchased a cave, and built a fortress underground in the cave system, and put my gold there. With that kind of money its totally possible.

richardsNY
Legendary
*
Online Online

Activity: 896


View Profile
November 18, 2015, 02:04:49 PM
 #6

It's just insane that some one will openly speak about where he hided 10 million worth of anything somewhere in Utah. Also, 10 million to survive 3 months of freeze?  Cheesy

enhu
Legendary
*
Offline Offline

Activity: 1050



View Profile
November 18, 2015, 02:33:46 PM
 #7


I suppose he had it in mind really before announcing it. That must be to divert people checking his properties for his hidden stash.  This might not even be true.

                  ▄▄▄▄▄▀▀▀▀▄▄▄
              ▄▄█∞══$&P▀▀▀▀▀▀▀▀█▀▀▀▄▄▄
           ▄██⌐^"'               "═▄═,▀▀▄
       ▄▀▄█▀                        `ⁿ▀▄\▀▄
     ▄▄²█▀                              ▀▀▄▀
    █▀▄█                                   ██▄
   █▄▀╛       ▄███▄  ███████▀ ██  ▐█▌       ▄█▄
  ▐▌,▀       ██▌ ▐██    ██    ██  ██         █▌█
  █╓-        ██▌ ▐█▀    ██    ██ ▐█▌         ▐▐ █
 ▐█▌         ██▌        ██    ██ ██           ▌⌐▌▌
 U█           ███       ██    ████▌           ▐▌▌▐
╟▐▐            ▀██      ██    ████▌            █▌█
█▐▐▌             ██▄    ██    ██▀██            ██
▐▐ ▀             ▐██    ██    ██ ██▌          ,█▌
 ▀▄▌▌        ▄█  ▐██    ██    ██ ▐██         ,▀█
  ▀▓ ⌐       ██▄ ▐██    ██    ██  ██▌       ╓`▀▌
   ╙█▀        ▀███▀     ██    ██   ██      ƒ▄▀█
     ██▄                                  █▀ █
      ▀▀█▄                              ▄█ ▄▀
       ╙▄▀▄▀π,                       ,▄█▀▀▀
         '═▌▄"▄"═             ,.∞═$██▀
             ▀▀▀▀▄▄▄▄▄▄▄▄▀▀▀▀▀▀▀▄▄▀▀
                    ▀▀▀▀▀▀▀▀▀▀▀▀▀
STACK









1
●● TelegramTwitter ●●
Facebook ●●● Discord





cellard
Legendary
*
Offline Offline

Activity: 854


View Profile
November 18, 2015, 03:10:45 PM
 #8

CEO Patrick Byrne has accumulated stash to 'survive three-month freeze'

The boss of online marketplace Overstock.com has revealed he has stashed away $10million in gold and silver in the Utah wilderness as part of a back-up plan to survive any collapse of the U.S. financial system.

http://www.dailymail.co.uk/news/article-3322446/Overstock-com-reveals-prepper-plan-Online-retailer-buried-10m-gold-silver-secret-Utah-hideaway-hoarded-food-case-world-financial-struck-disaster.html

So he digged a few holes in the desert of Utah to hide his precious metals there and is now shouting that out into the public?
If true that's not very smart. I already can see treasure hunters out there scanning the ground with their metal detectors. Cheesy

Yep this makes 0 sense. It's like getting all of your money in Bitcoin because you sense an imminent collapse and want to get your money out of the banks which will surely make your money disappear, and after you do this you say it all over the internet. Whats the point??

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,CoinPayments,
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
randy8777
Legendary
*
Offline Offline

Activity: 896


View Profile
November 18, 2015, 05:03:07 PM
 #9

this all might be part of a pr stunt. ceo of overstock is a wise man, can't see him put that much gold and silver under the ground. it doesn't make sense if it isn't a pr stunt.
NorrisK
Legendary
*
Offline Offline

Activity: 1484



View Profile
November 18, 2015, 09:36:51 PM
 #10

It's probably locked in a bunker with a sophisticated alarm system and a lot of guards.

Put into the ground in the wilderness does not neccesarily imply that the gold and silver were actually just hidden a plain old hole in the ground. He might have, and probably has taken measures to protect it if he really did place it there.

Amph
Legendary
*
Offline Offline

Activity: 1722


Zabercoin – An Asset Backed Cryptocurrency


View Profile
November 19, 2015, 08:21:59 AM
 #11

i would do the same with paper wallet and bitcoin to be honest, would be about 30k bitcoin with he current price

gold will not increase much more is there since ages, bitcoin has much better potential

THE FUTURE OF
REAL ESTATE
..

║║
║║
║║
▬▬ ● ● ▬▬▬▬▬▬▬ ● ● ▬▬▬▬▬▬▬ ● ● ▬▬▬▬▬▬ ● ● ▬▬

║║
║║
║║
Mickeyb
Hero Member
*****
Offline Offline

Activity: 798

Move On !!!!!!


View Profile
November 19, 2015, 02:20:58 PM
 #12

I wonder if people will try to search through the entire ground of Utah to find the burried Gold and Silver being worth $10M. Not very smart to share such information with the outside world  Cheesy

I am sure there will be people that will if not try, then at least scratch on the surface of this statement to see can they obtain some more info about this, just to see would unit be available to maybe find his stash!

I just hope that Byrne has hid it really well and hasn't left any traces, otherwise making this public would be very, very unwise! Smiley
WhatTheGox
Legendary
*
Offline Offline

Activity: 812



View Profile
November 19, 2015, 02:37:06 PM
 #13

Its a very good move, although I would have not disclosed its location, not even the area.

Because now every "treasure hunter" will search the place for his treasure and try to steal it.

If I were him, I would have purchased a cave, and built a fortress underground in the cave system, and put my gold there. With that kind of money its totally possible.

Do we know for sure he hasn't give people the wrong location, wrong amounts, wrong anything?

I would do the same if i could tbh.
darkangel11
Legendary
*
Offline Offline

Activity: 882


View Profile
November 19, 2015, 03:10:48 PM
 #14

I think he'd be better off spending some of these money or even giving to charity. Why would you even need these kind of money. In case of breakdown nobody will be thinking of supplying him the things he need in exchange for his gold and silver. They will all be planning a heist  Grin

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!