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When Overstock.com (Nasdaq: OSTK) CEO Patrick Byrne launched a wiki page to explore the possibility of a Bitcoin stock exchange, it was hard to imagine the project getting past the idea stage.
But Patrick Byrne is a man on a mission.
Driven by a deep mistrust of Wall Street, Byrne has announced the creation of a division within his company charged with making this dream a reality.
Called "Medici," the system will use Bitcoin's public ledger of transactions, the blockchain, to bypass Wall Street's institutions.