“I need to refocus my life around this mission; I’ve made enough money,” says Overstock CEO Patrick Byrne of his plans to bring everyone on earth into the digital economy — using blockchain technology. Speaking to Bitsonline‘s George Levy at TNABC Miami 2018, he said more open access to financial networks would let billions of people lift themselves out of poverty.
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Blockchain Tech Enables Capitalism, Creates Wealth
“It’s the kid who’s buying watermelons on one side of town and selling them with a 50 percent markup on the other,” Byrne said. That’s pure capitalism and it’s the only way to enrich people — by freeing them to use their creativity. “They don’t need NGOs and World Bank nonsense… they need capital and rule of law.”
Byrne’s company, Overstock.com, was one of the first major mainstream online retailers to accept bitcoin payments, all the way back in January 2014. That move played a big part in getting bitcoin noticed. From there, he added blockchain-based “stock exchange” t0 or (tZERO) and Medici Investments, a fund created specifically to invest in blockchain startups.
Want to see more? Watch the whole interview above. Oh, and we promise Patrick had his arm in a sling before we persuaded him to sit down with us.
Growth of the North American Bitcoin Conference
The North American Bitcoin Conference (TNABC) is regarded as the original major Bitcoin event in the USA, and possibly the world. Held annually in Miami every January since 2013, it staked that city’s claim as Bitcoin’s fun and business capital — growing from a few hundred bitcoin enthusiasts into a gathering of thousands, including several high-profile industry leaders. It’s a must-attend event on the blockchain calendar.
Produced by Dr. Moe Levin’s Keynote Events team, it now covers all disruptive blockchain technology issues — including smart contracts, ICOs, fintech, regulation and investment. TNABC also has international sister events, such as World Blockchain Forum in London.
Did you attend TNABC? Would you like to? Tell us all about it in the comments.
Images & video via Bitsonline