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Schmidt: Google Once Considered Issuing Currency

Posted by Soulskill on from the not-willing-to-nationalize-the-us-government-yet dept.

itwbennett writes "In his keynote speech at Mobile World Congress in Barcelona, Google Chairman Eric Schmidt said the company once 'had various proposals to have [its] own currency [it was] going to call Google Bucks.' The idea was to implement a 'peer-to-peer money' system, but it was squelched by legal issues."

1 of 189 comments (clear)

  1. Re:Digital Rothschilds by Frank+T.+Lofaro+Jr. · · Score: 1, Flamebait

    There are also lesser cases of this, like agreeing to arbitrage by certain courts (for example sharia courts in UK).

    There are sharia courts in the UK? SCARY!

    --
    Just because it CAN be done, doesn't mean it should!