For the countless bitcoin enthusiast who were unable to make it to Bitcoin 2014 in Amsterdam (myself included), you’ve probably been looking for a video of Mr. Patrick Byrne’s keynote.
Thankfully, the folks at “Coinsider This!” have posted the video many of us have been waiting to see:
[ot-video type=”youtube” url=”https://www.youtube.com/watch?v=bkf04kQw1YU”]
Patrick Byrne, as you might be aware, is the CEO of Overstock.com. He rose to fame in the bitcoin community last year, when he announced (to NEWSBTC first) that his company would soon be accepting bitcoin.
During my interview with Patrick, he originally aimed toward the second half of 2014 as a projected start date. But due to overwhelming media attention, the pressure was on.
By early January, Overstock.com had begun accepting the digital currency. It wasn’t long before the company announced they had reached $1 million in sales paid for with bitcoin. Impressive!
Since then, Byrne says (it’s mentioned in the video above) the Utah-based company is keeping ten percent of bitcoin income as just that, bitcoins. He refers to the practice of immediately converting all bitcoins to fiat as “cheating”.
The video runs for just over one hour, so you might want to play this one following your work day.
If you’re interesting in seeing Byrne deliver another keynote address, the word is that he will be doing so at APEX: Digital Currency Partnerships expo in San Francisco on September 8-9.