Overstock CEO on Blockchain: 160 Industries Could be Disrupted
Overstock.com became the first major retailer to accept cryptocurrency in 2014 when bitcoin was trading under $500. Now, the company is tripling down on its bitcoin bet. Patrick Byrne, CEO of Overstock.com, was with us to explain the future of blockchain.
The Overstock.com CEO expresses why he is so bullish on blockchain. Byrne believes we can "remake society" using the technology. He believes that what the internet did to publishing, blockchain will do to 160 industries. When it comes to picking individual cryptocurrencies, Byrne is agnostic. He shares that he does not favor bitcoin over any of the others.
Wall Street has been hesitant to accept bitcoin. Byrne says it is appropriate to move cautiously and thinks firms have been reasonably defensive. He does, however, add that those who take the risk will be rewarded.
Meta wants creators to make money from the metaverse, but it's going to take a large chunk of the cut. The tech giant is planning to keep nearly 50% of all digital asset sales within Horizon Worlds, the virtual reality platform that's considered an integral part of the company's unfolding metaverse. Rolf Illenberger, Co-founder and Managing Director of VRdirect, joined Cheddar to discuss why Meta is taking heat for this move, and what it could be doing as an alternative to help support creators, small businesses, and consumers.
Catching you up on what you need to know on April 18, 2022, with Russian missile attacks on the Ukrainian city of Lviv killing seven, mass shootings in South Carolina and Pittsburgh, Lucky Charms cereal under official investigation by the FDA, and more.
Lisa Whalen, Automotive and Mobility Analyst at Morning Consult, joined Cheddar News' Closing Bell to break down the famed auto show's emphasis on electric vehicles this year, reflecting a shift toward electrification in the automotive industry.
Peggy Whitson, Director of Human Space Flight, Axiom Space, joins Cheddar Innovates to discuss Axiom's involvement in the first fully-private mission to the ISS, and her experience spending 665 days in space.
On this episode of Cheddar Innovates, Peggy Whitson, Director of Human Space Flight, Axiom Space, breaks down Axiom's involvement in the first fully-private mission to the ISS, and her experience spending 665 days in space; William Li and Danielle Chang, co-founders of The Hao Life, discuss how they're shaking up the $71 billion supplement industry by putting a modern spin on traditional natural Chinese remedies; Cheddar gets a look at Curiosity Stream's 'Sagrada Familia: Gaudi's Challenge.'
