Patrick Byrne, the millionaire former chief executive of U.S. online retailer Overstock who has become a major Trump fundraiser and 2020 election conspiracy theorist, has called for the U.S. to use blockchain technology for voting.
After former U.S. President Donald Trump this week said he sees bitcoin as a “scam” that takes “the edge off of the dollar,” Byrne said the U.S. voting system should rely on “blockchain or paper ballots only” and called bitcoin the “future of money.”
In a wide-ranging interview posted to YouTube, Byrne, who Forbes once described as Overstock’s “mad king,” talked about how bitcoin and blockchain has the “potential to reform Wall Street, create global wealth, and even shift the power away from Google GOOG and back to the user and how your information is sold.”
Blockchain, the technology that underpins bitcoin and other cryptocurrencies, allows records of transactions to be kept without the need for a trusted, central authority.
Some, including high-profile cryptocurrency community figures such as the chief executive of crypto exchange Binance and ethereum cofounder Vitalik Buterin, have previously said blockchains could improve voting systems, however, an MIT report out last year warned blockchain-based e-voting would add cyber
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