Overstock CEO: Bitcoin is much more than just money

Overstock CEO believes that it’s high time we should switch from fiat money to crypto
25 November 2017   961

While a lot of investors worry about the cryptocurrency bubble status, Overstock.com CEO Patrick Byrne said why he’s so confident about succesful crypto-future, during an appearance on FOX Business’ “Mornings with Maria.”

You think that’s a bubble? What do you think that fiat currency you carry around in your purse is? This dollar stuff, it’s just some fiat currency based on … the surplus taxing authority of the U.S. Treasury of which I assert there is zero ... It’s about time the world switches to real money. Either gold or bitcoin.


Patrick Byrne

CEO, Overstock.com

Overstock.com was the first web-service which began to use bitcoin.

There are also some handful companies, that support cryptocurrency movement from the very beginning, including Expedia, Dish Network and Starbucks by way of the Fold app. 

However, some of the world’s main leaders have criticized cryptocurrency over lack of regulation.

For example, Jamie Dimon, the CEO of JPMorgan Chase, said that bitcoin is nothing but a “fraud”.

Laurence Fink, the chairman and CEO of BlackRock, an American multinational investment management corporation has called bitcoin an “index for money laundering.”

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   120

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.