Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN)
by
Gargulan
on 11/07/2018, 00:05:45 UTC
There is an article that says Patrick Byrne from Overstock invested a lot of money in this coin. Is it true? This is a POW coin so the question is when did he make that investment? When it was on exchanges?

https://www.youtube.com/watch?v=wLUshd-b6Lc  skip to 1:15

Above is the link to an interview with Patrick Byrne, before Ravencoin was on any exchanges, and it is not the only time he's spoken of Ravencoin. Overstock has spent Millions in TEAMS, that is way bigger and more significant in the mid-long run than actually buying it. In addition to that he publicly stated that they are mining it and have "65 million about a month ago" (I am quite sure that number has doubled at least since then. Plus add the fact that most probably t0 will be the platform to trade RVN assets on. When the time comes do not think for a moment that a company like overstock will let millions in investment die. They will spend many more millions to make it work, in addition to the fact that it is one of THE best open-source projects out there.

Keep in mind they also know when not to throw good money after bad money. For now it's a good indicator that Raven has a future, but it is not a guarantee only because Overstock is in there. Being on t0 is good as that means a lot of exposure.