Taking Place Now: Reddit Q&A With Overstock.com CEO Patrick Byrne
A reminder to you regarding Overstock.com CEO Patrick Byrne's plans to do a Q&A session on social sharing website Reddit.com. It's taking place right now (follow this link), as planned. He writes:14 years ago I launched Overstock.com. Today, despite the great dotcom bubble and several financial downturns, Overstock.com has grown to become one of the largest internet retailers on the planet. The best idea I ever had is Worldstock, the fair trade division of Overstock.com, which sells the work of thousands of artisans in developing nations, and has become one of the largest fair trade....
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Here's a little something that might interest members of the bitcoin community, particularly those that frequent social sharing website Reddit.com. Overstock.com CEO Patrick Byrne will be holding a Q&A session at from between 3 - 5 PM Eastern time on the /r/IAmA/ subreddit Friday, the 2nd of May. While the subreddit will allow Redditors to ask just about any question they feel appropriate, bitcoin-loving Redditors can take the opportunity to ask Byrne hard-hitting questions relating the the emerging digital currency. Of course, both Overstock.com and Patrick Byrne gained tremendous....
As mentioned earlier today, Overstock.com CEO Patrick Byrne held a question-and-answer session on social sharing website Reddit.com Friday. The Reddit community (as they never fail to do) asked Byrne some really interesting questions, and some really interesting information was revealed by the company's head honcho. Mr. Byrne revealed that bitcoin purchases amount to under 0.1 percent of total transactions made on the site, but added that the company is keeping 10 percent of their bitcoin income in its digital form - converting the other 90 percent to fiat via their connection with....
Bitcoin users around the world are reporting that Bitcoin payments are now accepted everywhere on Overstock.com. In August, Overstock CEO Patrick Byrne promised to release the highly popular functionality on 9/5/14; however, much to the chagrin of many potential customers, his company missed that deadline. Unlike other companies that have only extended their Bitcoin acceptance to Canada and the United States, Overstock.com is now open to anyone with internet access. Unfortunately, though Overstock allows people to pay from anywhere, shipping options are still only limited to a large....
Overstock.com CEO Patrick Byrne sent a tweet on 10th January, indicating that the company had sold $124,000 in goods via bitcoin in the 21 hours since it began accepting the cryptocurrency. After 21 hours on @overstock.com, we've had 780 #Bitcoin orders that accounted for $124,000 in sales. Wow! - Patrick M. Byrne (@OverstockCEO) January 10, 2014. That figure amounts to around 4% of daily revenues, based on the firm's 2012 figures. He also added in an interview with CNN that he believed Amazon would be forced to take bitcoin at some point, as the market is growing by 30% per month. Online....
Patrick Byrne announced he will donate 3% of all Overstock Bitcoin payments to promote the spread of Bitcoin around the world. Overstock CEO Patrick Byrne delivered the keynote address at Saturday'sBitcoin in the Beltway conference. He spoke a lot about the past, but he also talked about Bitcoin's future. Specifically, Byrne announced a timetable for international Overstock Bitcoin payments and revealed a plan to donate "3% of all Overstock Bitcoin sales" to organizations working to promote cryptocurrency around the world. 3% of Overstock Bitcoin Profits to Be Used to Spread Bitcoin....