Schmidt: Google Once Considered Issuing Currency

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."

Comments

Re:Digital Rothschilds

[Fluffeh]

One would argue that they might not do a better job compared to the leaders that we currently vote in.

Here's one for you. Opt in citizenship to a nationless, territory free country. I wonder how many might not try to be a part of such a thing. I often wondered what would happen if a group started buying up adjoining land and reserved it for new members, and spread out and out as more members joined. Set up a civilised statute early on and let people come in as they wanted to.

It would be like colonising an already colonised land through market transactions and finance. I also think it would scare the bejesus out of the governments.