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

This company scares me more and more

[Rosco P. Coltrane]

Google very motto ("don't do evil") has scared me from the get-go, like some sort of ominous sarcastic lie. Now Google has grown big, ubiquitous, and most importantly, discreetly, as most people don't seem to realize just how pervasive Google's presence is in the life of everybody on this planet.

Any company that's big and powerful enough to seriously think about issuing its own currency needs to be broken up in a hurry.