hopefully someone can go today and we can see what the real deal is.
http://www.meetup.com/BitcoinCenterNYC/events/213645872/Satoshi Monday ft. Overstock's Medici PlatformThis Monday, January 19th, Satoshi Square will be having a presentation from Overstock.com about their upcoming Medici crypto-equity platform.
Here's what Wired had to say about it:
Overstock.com is building software, based on the bitcoin digital currency, that could allow the big-name etailer to issue corporate stock over the internet, sidestepping traditional stock exchanges such as the NASDAQ and the New York Stock Exchange.
The Salt Lake City-based company recently hired two of the developers behind CounterPartyan online project that helps individuals and businesses build all sorts of financial services atop the worldwide network of machines that drive bitcoinand according to Overstock founder and CEO Patrick Byrne, these coders will help build cryptosecurity software that any company could potentially use to issue financial securities over the net. Mirroring bitcoinknown as a crytocurrencythese securities would be controlled by cryptographic algorithms running across computers spread across the globe, not by a central stock exchange.