Overstock.com Plans To Accept Bitcoin

Posted by timothy on Saturday December 21, 2013 @06:33PM from the totally-a-flash-in-the-pan dept.

SonicSpike writes "Overstock plans to become the first big U.S. online retailer to accept Bitcoin, as Patrick Byrne, the company's libertarian chief executive, warms to the virtual currency as a refuge from government control. Mr Byrne told the Financial Times that Overstock planned to start accepting Bitcoin next year – possibly by the end of the second quarter – a decision that he said was driven mainly by his own political philosophy. 'I think a healthy monetary system at the end of the day isn't an upside down pyramid based on the whim of a government official, but is based on something that they can't control,' Mr Byrne said."

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Re:Guesses as to end effect? by Anonymous Coward · 2013-12-21 20:20 · Score: 0, Flamebait

How can you say with a straight face that a dollar today buys what it will in a month? Are you completely ignorant of inflation? Or has your hatred of libertarians blinded you so that you cannot see it?
All those you say this to in real life believe you are a fool.