Bitcoin Stock Exchange Could Be "More Valuable than Alibaba"

When Overstock.com (Nasdaq: OSTK) CEO Patrick Byrne launched a wiki page to explore the possibility of a Bitcoin stock exchange, it was hard to imagine the project getting past the idea stage. But Patrick Byrne is a man on a mission. Driven by a deep mistrust of Wall Street, Byrne has announced the creation of a division within his company charged with making this dream a reality. Called "Medici," the system will use Bitcoin's public ledger of transactions, the blockchain, to bypass Wall Street's institutions. The post Bitcoin Stock Exchange Could Be "More Valuable than Alibaba" appeared first on Money Morning - Only the News You Can Profit From .