Overstock’s founder bets on blockchain, not bedsheets – MarketWatch

In August 2015, Overstock.com Inc. Chief Executive Patrick Byrne rented out Nasdaq Inc.’s Times Square broadcast studio for a lavish party to unveil his newest project, a blockchain-based trading system called tZero.
Three years later, tZero still hasn’t launched commercially, and it is burning through millions of dollars a month. Yet Byrne is staking his company’s future on it and more than a dozen other blockchain startups.
“I don’t care whether tZero is losing $2 million a month,” Byrne said …

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