Not sure if this is a good thing or a bad thing:
For starters, Overstock.com isn't exactly a major player in the F.A.N.G. I'd even argue they're not even close to being a factor. However, whenever I see a venture capitalist arm of any company (in this case, Medici Ventures), I get nervous. This particular company has it's tentacles in a couple of blockchain ventures, and likely has placed its own people on all their boards.
Why does this matter? Because despite blockchain being decentralized by design, it is my opinion that if by having presence in so many emerging companies that you could, in theory, be able to control and drive content and even manipulate the blockchain. In short, you ultimately end up with more of the same.
I am a little optimistic, though. Patrick Byrne has been something of an upstart and has publicly shown a distaste for immoral (though "legal") maneuvers made by Wall Street types when it comes to shorting stock to lower a company's value for the purposes of taking over and liquidating assets (looking at you KKR, bunch of dumb fucks). He has also come across as an advocate for blockchain and seemingly for all the right reasons. I just don't know.
I guess only time will tell.