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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."

7 of 189 comments (clear)

  1. For the love of God... by imamac · · Score: 4, Funny

    Please no more bit coin stories...oh...my bad.

    1. Re:For the love of God... by Anonymous Coward · · Score: 0, Funny

      No, no, don't worry. Evidently, Google realized how stupid an idea something like that was, which is more than can be said about Slashdot.

  2. I believe they did issue currency by Anonymous Coward · · Score: 5, Funny

    back in 2004 at an exchange rate of about 85 USD per share. The dollar hasn't fared so well against it since then.

  3. Re:Digital Rothschilds by fuzzyfuzzyfungus · · Score: 5, Funny

    It sounds like what you need is a good Home Owner's Association!

  4. Re:Currency? by plover · · Score: 4, Funny

    I'm not sure, but I imagine their anthem will go something like this:

    [chant and response]
    "What are we going to do today, Sergey?"
    "Same thing we do every day, Eric. Try to take over the world!"

    [music]
    They're Pinky and the Brain.
    Yes, Pinky and the Brain!
    One is a genius,
    The other is insane!
    They're laboratory mice.
    Their genes have been spliced!
    They're dinky, they're Pinky and the Brain, Brain, Brain, Brain,
    Brain, Brain, Brain, Brain,
    Brain.

    Before each night is done
    Their plan will be unfurled.
    By the dawning of the sun
    They'll take over the world.

    They're Pinky and The Brain.
    Yes, Pinky and The Brain
    Their twilight campaign
    Is easy to explain.

    To prove their mousy worth,
    They'll overthrow the Earth.
    They're dinky, they're Pinky and The Brain, Brain, Brain, Brain
    Brain, Brain, Brain, Brain

    Narf!

    --
    John
  5. Re:Currency? by Jappus · · Score: 3, Funny

    A very subtle and easy alteration is all that is needed to make that joke fit that much better:

    [chant and response]
    "What are we going to do today, Sergey?"
    "Same thing we do every day, Larry. Try to take over the world!"

    [music]
    They're Page-y and the Brin.
    Yes, Page-y and the Brin!
    One is a genius,
    The other is insane!
    They're laboratory mice.
    Their genes have been spliced!
    They're dinky, they're Page-y and the Brin, Brin, Brin, Brin,
    Brin, Brin, Brin, Brin,
    Brin.

    Before each night is done
    Their plan will be unfurled.
    By the dawning of the sun
    They'll take over the world.

    They're Page-y and The Brin.
    Yes, Page-y and The Brin
    Their twilight campaign
    Is easy to explain.

    To prove their mousy worth,
    They'll overthrow the Earth.
    They're dinky, they're Page-y and The Brin, Brin, Brin, Brin
    Brin, Brin, Brin, Brin

    Narf!

  6. Re:Digital Rothschilds by Anonymous Coward · · Score: 3, Funny

    Google: "Don't be evil"
    Money = root of all evil
    Google Bucks =? Divide by zero