Have you ever watched a commercial so obnoxious that it made you NOT want to buy the product? What was it for?

Overstock has— (since before that “cryptocurrency explosion” that went global/“mainstream talkshow news”around the last quarter of 2017)– been making the legitimate (exclude the legitimacy of the accounting practices entailed, please) claim of being a “Blockchain Incubator”.

Their actual investments into the technology aren’t available to me (if shareholders have this info, I’m interested), but I do know they got in on that gettin’ before the gettin’ got feverishly, rabid, foaming-at-the-mouth good.

Alongside that “cranked up the bandwagon” aspect of their early interest, they started accepting BTC as payment sometime around August 2017– which would’ve put each token somewhere around the exchange rate of 3000USD/token (around that time).

As anyone with a newsfeed found out, that exchange rate hit something like 20,000USD/BTC-token by Dec17-Jan18.

I have no clue how many BTC tokens Overstock has accepted as payment- nor the volume/exchange rate/timeline of any such payments; no idea of “The Company’s” wallet address, nor any way of knowing if they have exchanged any of those tokens for other currencies...

But whatever. Who cares. This is the kind of crap only fascist nerds and slack-jawed libertarians get on about. I just have this persistent interest in just how accurate Overstock.com’s books could possibly be after what happened last year with “CRYPTO!CURRENCY!”

/r/AskReddit Thread Parent