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In January 2018, at the North American Bitcoin Conference in Miami, Patrick Byrne, founder and CEO of online retailer Overstock.com Inc., took the podium in the main room. At the event, he wore a red hat with the words "Make Bitcoin Great Again" and a T-shirt that read "Dirty Hippie." Within 3 minutes of the lecture, he "killed" Wall Street.
"The easiest way to fix them is to drag 'Wall Street' behind a barn, kill them with an axe, and then recreate it on the blockchain." As Bourne said this, a scene appeared on the screen behind him: the figure of a bull disappeared behind a cartoon barn, blood splattered. Over the next half hour, he predicted that the underlying technology of Bitcoin and other digital currencies — blockchain — would solve the pension crisis in U.S. states, revolutionize the margin business, eradicate poverty and cut terrorism. Once "Whole Network Bookkeeping" is enabled, all sorts of wonderful things will happen. "People will shift their positions." Capital will be released. ”
Patrick Byrne, founder and CEO of online retailer Overstock.com Inc.
A less-definition video circulating online showed Bourne standing at the bar of a club in Miami's South Beach hours later, holding a bottle of champagne with rapper Flo Rida directly, celebrating the ability of his blockchain platform "Baby" tZero to unleash capital. Although the platform is still largely in the concept stage, he will sell up to $300 million in tZero tokens. tZero token holders will receive a revenue share of a venture capital project, which Byrne said will create the preferred trading platform for crypto securities and will eventually replace Wall Street as a platform for trading a variety of assets. "Congratulations, God bless." Singer Rida said in the video, and then he patted the white tZero hat on his head and performed his hit single "Low". Bourne awkwardly squatted between two dancers in mesh tights to the chorus of "low, low, low."
New light
The 55-year-old was reborn as a cryptocurrency evangelist, bringing a new light to himself and his unimpressive e-commerce companies. He positioned himself at the intersection of Wall Street and the mushrooming initial coin offering (ICO) business. An ICO refers to the offering of a new cryptocurrency. Advocates claim that cryptocurrencies have the power to revolutionize all industries (p. 58). Data provided by blockchain research firm Smith + Crown shows that dreamers and planners raised more than $6.5 billion through ICOs last year. Some VC projects simply go through an exaggerated blog...
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