Beyond, Inc. (BYON)

[somoneysportspicks]

Anyone that’s on twitter should read Patric Byrne @patriotbyrne tweets about OSTK last night. Below are a couple of them talking about the new strategy for the token dividend.


Does it sound like a good idea? Yes. Will it still serve the purpose I intended? Yes, it will still force tens of thousands of people to get wallets for digital securities. It will get people trading digital securities.

It will also generate for T0 trading commissions. I suspect that currently there are $200,000/day being generated with the trading of OSTK on NASDAQ. If That could all be shifted to T0, and priced at 50%, it would still generate $100,000 per day for T0. So that would be awesome.

Ultimately the plan was to create some way for people to arbitrage between the market on NASDAQ and the market on T0, given that what was trading on each was a nearly identical package of rights. Then that arbitrage would create and expand the wormhole between the two universes.