Patrick Byrne: Bitcoin Will Immensely Disrupt Financial Industry

By October 21, 2014 Bitcoin Politics
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Patrick Byrne: Bitcoin Will Immensely Disrupt Financial Industry


Jason Burack of Wall St for Main St had on American entrepreneur, e-commerce pioneer, CEO and chairman of Overstock.com and Bitcoin entrepreneur, Patrick Byrne.

Patrick has been called the "Most Hated Man on Wall Street" and he has been a voice of truth for reform against corruption in government and on Wall Street for over a decade.

Patrick's full and impressive bio can be found here: http://en.wikipedia.org/wiki/Patrick_...

Patrick also founded the award winning website Deep Capture http://www.deepcapture.com/ for whistle blowers to publicize Wall Street corruption and scandals. Patrick also has a popular documentary out about naked short selling.

During this 40+ minute interview, Jason asks Patrick about his background working on Wall St (Patrick's father used to run GEICO and worked closely with Warren Buffett) and if he thinks Wall St has become a lot more corrupt over the decades specifically since 1971 when debt based fiat money came into existence.

Patrick says he worked on Wall St and had family work there and the corruption was never on this large of a scale industry wide until a few decades ago.

Jason asks Patrick more about corruption on Wall St and Patrick gives a number of powerful stories of how corrupt Wall Street is.

Next, Jason asks Patrick about naked short selling and how prevalent it still is. Patrick says that the SEC only got involved in policing naked short selling after the large banks had their shares counterfeited in 2008 and that he has moved onto other causes and he's letting other people investigate naked short selling further.

Jason then asks Patrick about recent speeches he gave at Bitcoin conferences talking about the long, fight over hundreds of years between tyranny and freedom.

Patrick is optimistic about freedom starting to win despite the NSA, and other breaches of freedom. He thinks Bitcoin and the block chain technology will play a key role in freedom winning going forward.

Jason and Patrick discuss whether all markets are manipulated including gold and silver.

Finally to wrap up the interview, Jason asks Patrick about Bitcoin, why he decided to start accepting it at Overstock.com and the new block chain related business Patrick is now invested in called Counter Party http://counterparty.io/.

Patrick thinks in 10 years there could be major digital exchanges on the block chain and he thinks there's minimal things governments can do to stop it.

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Patrick has been called the "Most Hated Man on Wall Street" and he has been a voice of truth for reform against corruption in government and on Wall Street for over a decade.

Patrick’s full and impressive bio can be found here: http://en.wikipedia.org/wiki/Patrick_… Patrick also founded the award winning website Deep Capture […]

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