Overstock.com Seeks To Build New Stock ... - Bitcoin Magazine

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Counterparty Partnership Medici. The founding team of Counterparty announced that they are no longer working with Overstock on building Medici, the platform that Overstock CEO Patrick Byrne hopes ... An investor has filed a complaint in Utah court against Overstock.com, former CEO Patrick Byrne and former CFO Greg Iverson alleging violation of securities law. Class Action Complaint Filed Against Patrick Byrne and Overstock.com Overstock CEO Patrick Byrne is reportedly making good on his interest to create a decentralize exchange for securities, a p2p alternative to Wall Street. Wired reports that he is hiring two Counterparty developers to develop “Medici”. Byrne made the announcement at a bitcoin conference in Las Vegas. The aim is to “democratize Wall Street” in … Overstock.com’s CEO, Patrick Byrne, announced today at Inside Bitcoins in Las Vegas, Nevada, that he intends to reinvent the stock market by using blockchain technology. Based on the bitcoin digital currency, Byrne’s project, code-named “Medici,” will allow large retailers to issue their corporate stock over the Internet using “cryptosecurity” software. Crypto advocate Patrick Byrne resigns as CEO of Overstock following rough year in sales. Noted crypto advocate Patrick Byrne has resigned as CEO of Overstock. Per a letter of resignation and company statement posted on Twitter Aug. 22, Patrick Byrne has stepped down as CEO of Overstock. Patrick Byrne has let it slip that Medici will not be built on CounterParty after all (youtube.com) ... Patrick Bryne is bullish on bitcoin and he's close to the boys at Blockstream. Don't be surprised if he roles out on a sidechain.. or maybe Ethereum or BitShares.. who cares, it's going to be awesome and innovative and he will get my business because it will be low cost and bitcoin friendly ... Byrne said that while he had considered other platforms, he ultimately felt that the Counterparty team and its underlying use of the bitcoin protocol provided the best opportunity to bring his ...

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BITCOIN the party's over ?

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