Overstock's Blockchain and the War Against Naked Shorting
Sometimes called the "Pariah of Wall Street", Overstock CEO Patrick Byrne has spent decades fighting against a suspect practice known as "naked short selling". Naked short selling, or a naked short, occurs when a trader sells a share of stock without first procuring a "borrow" – an assurance that the shares are available to be delivered. This can lead to more shares being shorted than can actually be delivered to the buyers. Banks could leave these unsecured shares short, as record systems are opaque, and despite risking severe penalties, the banks are not....
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NakedBits is the website, Lydia Belle is the girl, and Proof-of-Strip is the show. That is all you need to know to learn everything you need to know about Bitcoin, while having a naked young woman explain it to you. If that sounds like something that might be interesting to you, you might want to check out Naked Bits, its a weekly Naked-News style show that covers everything Bitcoin. It is available for free (censored) on Vimeo and uncensored with a low bitcoin subscription. We sat down with the Lydia Belle to ask her everything about her show, her involvement in Bitcoin. CoinTelegraph: I....
All sorts of businesses are turning to bitcoin every day to meet their needs (such as avoiding costly fees from credit card processors), but this one right here is just a little bit different. They're the Bare Oaks Family Naturist Park, and if the name was any hint, it's a resort for naked people. Located near Toronto, Canada, the Park touts itself as a place where "where the entire family can experience traditional naturist values in a modern setting." In other words, letting it all hang out. And since naked people don't have pockets to hold their wallets in, this very well may be a....
On Tuesday morning at the Money 20/20 Conference in Las Vegas, Patrick Byrne, CEO of Overstock and t0, announced the historic arrival of trading publicly offered Overstock shares on the t0 blockchain. Overstock Moving Forward With t0. Starting on December 15th, individuals who purchased Overstock shares by the November 7th record date will qualify to purchase shares of its preferred stock, including preferred shares to be issued and traded exclusively on the t0 platform. As such, Overstock will become the first company to legally trade a publicly listed security on a blockchain solution.....
Overstock.com CEO Patrick Byrne is a vocal Bitcoin proponent, even launching his own startup T0 to disrupt Wall Street. In a recent interview, Byrne discussed both Bitcoin and blockchain’s unique advantages. Patrick Byrne is a well known influential person within the bitcoin world, since his company Overstock.com was one of the first companies to accept....
Overstock.com, one of the most visible retailers to embrace bitcoin, grabbed the interest of securities traders when it announced a blockchain-based securities platform and later won government approval to issue stocks via the blockchain. To help securities traders learn more about Overstock’s plans with its securities trading technology, Alex Pitti, a writer for Seeking Alpha, interviewed the communications director of Overstock.com. As a result of this interview, Pitti concluded he is not recommending Overstock stock since he questions Overstock CEO Patrick Byrne’s interest in the....