Hour 1 - 3
Hour 1&2 -- Jonathan Mohan (Bitcoin NYC) provides an update on Bitcoin
Hour 3 -- Patrick Byrne (CEO of Overstock.Com) on digital securities...
CALL IN TO SHOW: 602-264-2800
July 7th, 2015
Declare Your Independence with Ernest Hancock
on LRN.FM / Monday - Friday
9 a.m. - Noon (EST)
Studio Line: 602-264-2800
Jonathan's previous interview on the Declare Your Independence with Ernest Hancock Radio Show:
Jonathan Mohan - Cont'd
A Personal Message from Patrick
CEO - Overstock.Com
The Medici project:
Overstock.com's CEO, Patrick M. Byrne has created the world's first cryptosecurity: a purely digital financial instrument powered by bitcoin's blockchain technology. And with that, has placed the first historic trade.
The advantages of issuing digital securities on the blockchain are: same day settlement, reduced transaction costs, fewer opportunities for misbehavior by bad market actors, greater security and unambiguous proof of ownership. This model is bound to seriously disrupt the DTC with its antiquated three-day settlement model. Given the many advantages of conducting business via this new crypto paradigm, much broader adoption is inevitable, making today's transaction one of world historic importance.
Additionally, this system is extremely well-suited to the trading of shares of pre-IPO companies, opening up an entirely new and much needed niche in the financial ecosystem.
At FreedomFest, Patrick will be delivering the keynote speech for the Opening Ceremonies at 5:25 pm in the Celebrity Ballroom, Planet Hollywood, on Wednesday, July 8. He is also on the panel, "Bitcoin Has Changed-and How!" at 4:50pm in the Sin City Theater on Thursday, July 9 with George Gilder and Jeffrey Tucker, with moderator, Naomi Brockwell.