Patrick Byrne, CEO of Overstock, who was the first major retailer to accept Bitcoin (BTC) in 2014, said that he is "not really interested in crypto-currencies per se," but revealed a little-known Blockchain project in which his company has invested " Millions of Dollars "in an interview with Business Insider on Friday, February 23.

Asked about his interest in "any cryptocurrency" or "really interested in the Blockchain [sic]", Byrne prefigures his answer by saying that he "really lets something happen", revealing both Overstock and his personal interest in a virtually unknown Blockchain project called Ravencoin, which was launched very discreetly on January 3, 2018.

The unique blog of the Ravencoin project, published on November 1, 2017, s & # Opens a sentence designed for "In the fictional world of Westeros, crows are used as messengers who carry declarations of truth."

Ravencoin continues to be described as a "Blockchain specific to a use case, designed to effectively manage a specific function: the transfer of assets from one party to another." another".

Ravencoin was mentioned for the first time on Bitcointalk.org 14, 2018 in an article that describes its January 3 launch as containing "very little information about the future of the project" but that "since then, many community members have learned that there is an active development team on this piece. "

Byrne told Business Insider that Overstock had put" millions of dollars into teams "for Ravencoin, confidently claiming," [w] e think this piece really has a future. Byrne next compares Ravencoin to Bitcoin cryptocurrency, saying:

"It's Bitcoin, but a thousand times more energy efficient."

In his interview with Business Insider, Byrne follows the project's 4-page white paper to identify the problem of increasing BTC mining expenditures and its centralization around ASIC production and electricity good Byrnes claims that Ravencoin solves this problem by being "ASIC resistant" and "redemocratiz [ing] mining", to describe the current concentration of the mining industry in China:

"Anyone can download this software, and you do not have an advantage in having this big mining warehouse in China.

A four-day post on the sub-Reddit / r / cryptocurrency titled "What are your thoughts on Ravencoin? "Still underlines the relatively unknown status of the project:

" This piece is very recent and also implements a brand new algorithm, X16R. Surprised that there is not a single mention in this subreddit, even though thousands of miners are already exploiting this piece. Is this kept secret to keep the difficulty of mining breakdown down?

One person has responded so far saying the same day as the post: "Never heard of until now. "

Byrne also told Business Insider that since Overstock was the first major company to accept BTC since 2014, the company deserves to be mentioned:" I like to think we saved this community [Bitcoin] about five years ago "

At the beginning of January this year, a problem with the Overstock payment system allowed customers to pay with Bitcoin and Bitcoin Cash (BCH) interchangeably for a period of three weeks before the error is detected., billing customers in BTC or BCH at a ratio of 1: 1 and thus giving BCH holders a massive and involuntary surrender.