Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


Overstock Founder: Blockchain Can Make Government Services Incorruptible

Support free writers: > send a tip

written by

Governments can become bribery-free and superefficient by utilizing blockchain technology, believes Patrick Byrne, Overstock’s CEO and founder. He expressed his views in a Market Watch interview published on 12 February.

Byrne, however, added that a fundamental change in the structure of government services was first required, believing that blockchain has the ability to provide an optimum solution to the problem.

He maintained that by using only six laptops, one could establish the most advanced government system in the world, plus a central bank for a fully functional society in Venezuela. According to him, Venezuelans need only download a free app to access the planet’s most advanced monetary system.

Moreover, he thought that in the near future, governments would have to sign contracts with more than one country to enhance the efficiency of their services.

Previously, in January, it was declared by that part of its business taxes will be paid using Bitcoin through, a blockchain-based taxpayer platform launched by the state of Ohio.

Byrne believes that accommodating regulations and government adoption of blockchain technology will ensure that the US does not lose its place in the ever-growing global economy.

It is expected that gradually other governments will also look to integrate blockchain technology into their system.


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy:

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter