# Overstock - big media attention!

**URL:** <https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732>\
**Category:** Projects\
**Created:** [July 30, 2014, 4:11pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732 "2014-07-30T16:11:20Z")\
**Posts on this page:** 20\
**Page:** 2

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**Author:** ![sigmike](https://discourse.peercoin-library.org/user_avatar/discourse.peercoin-library.org/sigmike/32/66_2.png) [@sigmike](https://discourse.peercoin-library.org/u/sigmike)\
**Post date:** [July 31, 2014, 8:39pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/21 "2014-07-31T20:39:41Z")

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Sending dividends in another currency is easy to implement.

You just need to change in the code:

- the internal version number used to encode the currency addresses and private keys
- the default config file name of the currency daemon
- probably some texts mentioning Peercoin

The currency must have a daemon with the following RPC commands:

- importprivkey
- sendmany

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**Author:** ![Sentinelrv](https://discourse.peercoin-library.org/user_avatar/discourse.peercoin-library.org/sentinelrv/32/24_2.png) [@Sentinelrv](https://discourse.peercoin-library.org/u/Sentinelrv)\
**Post date:** [July 31, 2014, 9:11pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/22 "2014-07-31T21:11:11Z")

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River, how about this then…

- Peershares can easily be converted to distribute dividend payments in other cryptocurrencies, but Peercoin was chosen as the default because of its role as a strong backbone currency and long-term store of value.

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**Author:** ![sandakersmann](https://discourse.peercoin-library.org/user_avatar/discourse.peercoin-library.org/sandakersmann/32/1180_2.png) [@sandakersmann](https://discourse.peercoin-library.org/u/sandakersmann)\
**Post date:** [July 31, 2014, 9:16pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/23 "2014-07-31T21:16:29Z")

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> [@Sentinelrv](#):
>
> - Peershares can easily be converted to distribute dividend payments in other cryptocurrencies, but Peercoin was chosen as the default because of its role as a strong backbone currency and long-term store of value.

+1

Good job guys, keep it up! ;D

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**Author:** ![Yurizhai](https://discourse.peercoin-library.org/letter_avatar_proxy/v4/letter/y/71e660/32.png) [@Yurizhai](https://discourse.peercoin-library.org/u/Yurizhai)\
**Post date:** [July 31, 2014, 9:21pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/24 "2014-07-31T21:21:37Z")

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[quote=“Sentinelrv, post:22, topic:2732”]River, how about this then…

- Peershares can easily be converted to distribute dividend payments in other cryptocurrencies, but Peercoin was chosen as the default because of its role as a strong backbone currency and long-term store of value.[/quote]

Maybe just intended role…

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**Author:** ![river](https://discourse.peercoin-library.org/letter_avatar_proxy/v4/letter/r/76d3ee/32.png) [@river](https://discourse.peercoin-library.org/u/river)\
**Post date:** [July 31, 2014, 9:31pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/25 "2014-07-31T21:31:28Z")

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Thanks sigmike.

> [@Sentinelrv](#):
>
> - Peershares can easily be converted to distribute dividend payments in other cryptocurrencies, but Peercoin was chosen as the default because of its role as a strong backbone currency and long-term store of value.

If it sounds too much like “marketing speak” then someone will just delete it. That’s what happened when I copied stuff over from the website. For now I just changed it to “Automated dividend distribution with Peercoin or other cryptocurrency” and removed it as a disadvantage.

By the way, I just realized that one of the people making false edits about Peershares seems to be a counterparty lead dev\*. He hasn’t disputed anything after I changed them back though. edit: \*possibly

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**Author:** ![Sentinelrv](https://discourse.peercoin-library.org/user_avatar/discourse.peercoin-library.org/sentinelrv/32/24_2.png) [@Sentinelrv](https://discourse.peercoin-library.org/u/Sentinelrv)\
**Post date:** [July 31, 2014, 10:23pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/26 "2014-07-31T22:23:50Z")

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> [@river333](#):
>
> By the way, I just realized that one of the people making false edits about Peershares seems to be a counterparty lead dev\*. He hasn’t disputed anything after I changed them back though. edit: \*possibly

Do you know who it is?

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**Author:** ![river](https://discourse.peercoin-library.org/letter_avatar_proxy/v4/letter/r/76d3ee/32.png) [@river](https://discourse.peercoin-library.org/u/river)\
**Post date:** [July 31, 2014, 11:38pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/27 "2014-07-31T23:38:51Z")

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Well yeah, I think so. Maybe I shouldn’t have brought it up. These things are bound to happen when you open up a wiki to rival cryptos. I’m sure Overstock must realize this. It’s just kind of petty. Anyway, It’s fixed now.

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**Author:** ![pillow](https://discourse.peercoin-library.org/letter_avatar_proxy/v4/letter/p/a8b319/32.png) [@pillow](https://discourse.peercoin-library.org/u/pillow)\
**Post date:** [August 1, 2014, 10:00am UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/28 "2014-08-01T10:00:50Z")

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> [@river333](#):
>
> Well yeah, I think so. Maybe I shouldn’t have brought it up. These things are bound to happen when you open up a wiki to rival cryptos. I’m sure Overstock must realize this. It’s just kind of petty. Anyway, It’s fixed now.

I’m curios to know more about this. Which diff are you referring to; this [https://o.info/index.php?title=How\_to\_issue\_a\_cryptosecurity&diff=644&oldid=643](https://o.info/index.php?title=How_to_issue_a_cryptosecurity&diff=644&oldid=643) ?

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**Author:** ![river](https://discourse.peercoin-library.org/letter_avatar_proxy/v4/letter/r/76d3ee/32.png) [@river](https://discourse.peercoin-library.org/u/river)\
**Post date:** [August 1, 2014, 10:25am UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/29 "2014-08-01T10:25:41Z")

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> [@pillow](#):
>
> [quote=“river333, post:27, topic:2732”]Well yeah, I think so. Maybe I shouldn’t have brought it up. These things are bound to happen when you open up a wiki to rival cryptos. I’m sure Overstock must realize this. It’s just kind of petty. Anyway, It’s fixed now.

I’m curios to know more about this. Which diff are you referring to; this [https://o.info/index.php?title=How\_to\_issue\_a\_cryptosecurity&diff=644&oldid=643](https://o.info/index.php?title=How_to_issue_a_cryptosecurity&diff=644&oldid=643) ?[/quote]

No, I’ll send you a message.

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**Author:** ![Sentinelrv](https://discourse.peercoin-library.org/user_avatar/discourse.peercoin-library.org/sentinelrv/32/24_2.png) [@Sentinelrv](https://discourse.peercoin-library.org/u/Sentinelrv)\
**Post date:** [August 1, 2014, 12:37pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/30 "2014-08-01T12:37:11Z")

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I just tweeted Patrick Byrne…

[https://twitter.com/PeercoinPPC/status/495185288541794304](https://twitter.com/PeercoinPPC/status/495185288541794304)

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**Author:** ![pillow](https://discourse.peercoin-library.org/letter_avatar_proxy/v4/letter/p/a8b319/32.png) [@pillow](https://discourse.peercoin-library.org/u/pillow)\
**Post date:** [August 1, 2014, 5:30pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/31 "2014-08-01T17:30:23Z")

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[quote=“Sentinelrv, post:30, topic:2732”]I just tweeted Patrick Byrne…

[https://twitter.com/PeercoinPPC/status/495185288541794304](https://twitter.com/PeercoinPPC/status/495185288541794304)[/quote]

Time to buy some more peercoins 😉 😃

EDIT:  
now  
114 followers [https://twitter.com/officialnubits](https://twitter.com/officialnubits)  
174 readers [http://www.reddit.com/r/nubits](http://www.reddit.com/r/nubits)

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**Author:** ![RobertLloyd](https://discourse.peercoin-library.org/letter_avatar_proxy/v4/letter/r/8e7dd6/32.png) [@RobertLloyd](https://discourse.peercoin-library.org/u/RobertLloyd)\
**Post date:** [August 1, 2014, 9:05pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/32 "2014-08-01T21:05:14Z")

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> [@river333](#):
>
> [quote=“Sentinelrv, post:22, topic:2732”]- Peershares can easily be converted to distribute dividend payments in other cryptocurrencies, but Peercoin was chosen as the default because of its role as a strong backbone currency and long-term store of value.

If it sounds too much like “marketing speak” then someone will just delete it. That’s what happened when I copied stuff over from the website. For now I just changed it to “Automated dividend distribution with Peercoin or other cryptocurrency” and removed it as a disadvantage.[/quote]

I only half-understand this thread, but want to say that I think River is right with his above judgement

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**Author:** ![river](https://discourse.peercoin-library.org/letter_avatar_proxy/v4/letter/r/76d3ee/32.png) [@river](https://discourse.peercoin-library.org/u/river)\
**Post date:** [September 22, 2014, 9:13pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/33 "2014-09-22T21:13:47Z")

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It seems like this was worthwhile for drawing attention to Peershares. Even some in the Bitshares community think Peershares is a better fit for Overstock 😉

[https://bitsharestalk.org/index.php?topic=9209.0](https://bitsharestalk.org/index.php?topic=9209.0)

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**Author:** ![Cybnate](https://discourse.peercoin-library.org/user_avatar/discourse.peercoin-library.org/cybnate/32/62_2.png) [@Cybnate](https://discourse.peercoin-library.org/u/Cybnate)\
**Post date:** [September 24, 2014, 7:55am UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/34 "2014-09-24T07:55:16Z")

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[quote=“river333, post:33, topic:2732”]It seems like this was worthwhile for drawing attention to Peershares. Even some in the Bitshares community think Peershares is a better fit for Overstock 😉

[https://bitsharestalk.org/index.php?topic=9209.0[/quote]](https://bitsharestalk.org/index.php?topic=9209.0%5B/quote%5D)  
On 6 October the second Peershares-based implementation after Nubits will be announced by Overstock. Dividends will be paid in Peercoins. Overstock will accept NuBits on the same date.  
One can dream 8)

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**Author:** ![Yurizhai](https://discourse.peercoin-library.org/letter_avatar_proxy/v4/letter/y/71e660/32.png) [@Yurizhai](https://discourse.peercoin-library.org/u/Yurizhai)\
**Post date:** [September 24, 2014, 8:37am UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/35 "2014-09-24T08:37:03Z")

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[quote=“Cybnate, post:34, topic:2732”][quote=“river333, post:33, topic:2732”]It seems like this was worthwhile for drawing attention to Peershares. Even some in the Bitshares community think Peershares is a better fit for Overstock 😉

[https://bitsharestalk.org/index.php?topic=9209.0[/quote]](https://bitsharestalk.org/index.php?topic=9209.0%5B/quote%5D)  
On 6 October the second Peershares-based implementation after Nubits will be announced by Overstock. Dividends will be paid in Peercoins. Overstock will accept NuBits on the same date.  
One can dream 8)[/quote]

You had me going there for a sec 😛

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**Author:** ![lg15x](https://discourse.peercoin-library.org/letter_avatar_proxy/v4/letter/l/87869e/32.png) [@lg15x](https://discourse.peercoin-library.org/u/lg15x)\
**Post date:** [September 27, 2014, 12:34pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/36 "2014-09-27T12:34:11Z")

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Is there anybody who keep in touch with Overstock on behalf of Peershares?

I heard that even 3I(BTSX) developer bet on Peershares win Overstock.

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**Author:** ![Sentinelrv](https://discourse.peercoin-library.org/user_avatar/discourse.peercoin-library.org/sentinelrv/32/24_2.png) [@Sentinelrv](https://discourse.peercoin-library.org/u/Sentinelrv)\
**Post date:** [September 27, 2014, 8:47pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/37 "2014-09-27T20:47:40Z")

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[quote=“lg15x, post:36, topic:2732”]Is there anybody who keep in touch with Overstock on behalf of Peershares?

I heard that even 3I(BTSX) developer bet on Peershares win Overstock.[/quote]

I don’t think they would want to be the first ones to try it out though. Isn’t the way NuBits handles it far different from the standard Peershares implementation? It’s mixed in with a lot of other stuff, so I don’t know. Overstock would just use a single blockchain, without all the NuBits stuff attached.

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**Author:** ![learnmore](https://discourse.peercoin-library.org/user_avatar/discourse.peercoin-library.org/learnmore/32/76_2.png) [@learnmore](https://discourse.peercoin-library.org/u/learnmore)\
**Post date:** [October 7, 2014, 4:33am UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/38 "2014-10-07T04:33:24Z")

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Ref: [Overstock Hires Counterparty Developers to Build Cryptosecurity Stock Exchange](http://www.coindesk.com/overstock-hires-counterparty-developers-build-cryptosecurity-stock-exchange)

> Byrne said that while he had considered other platforms, he ultimately felt that the Counterparty team and its underlying use of the bitcoin protocol provided the best opportunity to bring his ideas to light.  
> “The block chain has been pounded on by all these hackers around the world,” he said. “It’s the most secure.”

Wow, a rather surprising lack of insight here… did Byrne not get the memos on Heartbleed and Shellshock? I have the utmost respect for Bitcoin developers, but I think it’s a bit foolhardy to just assume there’s a lot of “pounding” going that automatically makes Bitcoin’s blockchain the most secure.

Oh well, a corporate buyout of Peershares is not something I would have liked to have seen anyway.

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**Author:** ![crypto\_coiner](https://discourse.peercoin-library.org/letter_avatar_proxy/v4/letter/c/4491bb/32.png) [@crypto\_coiner](https://discourse.peercoin-library.org/u/crypto_coiner)\
**Post date:** [October 7, 2014, 5:34am UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/39 "2014-10-07T05:34:48Z")

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> **[r/Peershares - Overstock selects CounterpartyXCP to reinvent settlement of stock...](https://www.reddit.com/r/Peershares/comments/2ij28v/overstock_selects_counterpartyxcp_to_reinvent/)**
>
> 3 votes and 4 comments so far on Reddit

I believe this has played out in the mind of Byrne:

- Peershares is run by an anonymous community
- He is not interested in decentralization - he’s primarily interested in profit and being in control within a new market

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**Author:** ![crypto\_coiner](https://discourse.peercoin-library.org/letter_avatar_proxy/v4/letter/c/4491bb/32.png) [@crypto\_coiner](https://discourse.peercoin-library.org/u/crypto_coiner)\
**Post date:** [October 7, 2014, 1:30pm UTC](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732/40 "2014-10-07T13:30:35Z")

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[Overstock.com](http://Overstock.com) Seeks To Build New Stock Market

[http://cryptoanalysts.com/overstock-com-seeks-to-build-new-stock-market/](http://cryptoanalysts.com/overstock-com-seeks-to-build-new-stock-market/)

[Previous page](https://discourse.peercoin-library.org/t/overstock-big-media-attention/2732.md?page=1)