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.
With household expenses rising, going green can save you thousands. Cheddar News spoke with Sara Morrow from Consumer Reports about ways to help people slash their bills with climate-friendly home improvements.
About 61% of people who use the internet are addicted to it, according to research. Cheddar News dove in at a recent meeting for a 12-step program as part of a group called ITAA (Internet Technology Addicts Anonymous). The group ( https://internetaddictsanonymous.org/ ) was formed to help the growing number of tech addicts, with more than 6% of the globe's population now addicted, according to the University of Hong Kong.
The push for clean energy is igniting an interest in electric vehicles but charging EVs continues to be a concern for consumers looking to save. Brian Moody, executive editor with Autotrader, joined Cheddar News to discuss how people can make home-charging more affordable.
A fire at a New York City e-bike shop quickly spread to upper-floor apartments and killed four people early Tuesday in the latest deadly blaze linked to exploding lithium ion batteries.
Twitter is planning to pivot to video content, according to Reuters. Cheddar News explains how the tech giant looks to double down on video, creative and e-commerce strategies.
Twitter has a new plan for success, and it involves an old strategy. According to a recent report from Reuters, the platform plans to pivot to video, and Cheddar News Senior Reporter Michelle Castillo is here to talk about what video means for twitter’s future.
