Schmidt: Google Once Considered Issuing Currency 189
Posted
by
Soulskill
from the not-willing-to-nationalize-the-us-government-yet dept.
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."
Digital Rothschilds (Score:2, Insightful)
"Give me controll of a nation's money supply and i care who not sets its laws...."
-Mayer Amschel Rothschild
Given Google's veracity for hegemony, this type of news does not surprise me.
Re:For the love of God... (Score:5, Insightful)
Yes, as opposed to "real" money, which is different in some meaningfull way, I assure you!
Re:Digital Rothschilds (Score:5, Insightful)
Awesome, two sets of laws to follow instead of one! Why just the other day I was thinking "Shit , you know what I dont have enough of in my life? Laws!"
Re:This company scares me more and more (Score:5, Insightful)
Point is, companies have had their own currencies for years. While some people might disagree with those practises - company-specific currency isn't intrinsically bad
Re:This company scares me more and more (Score:5, Insightful)
Why is government-issued currency any more legitimate?
Re:Digital Rothschilds (Score:4, Insightful)
Why? If people feel that they can get arbitrage which suits their beliefs better then government's system, and all parties agree to such arbitrage, and such arbitrage is fully compliant with the existing laws, why is it scary?
I'll assume this was just a bad case of sarcasm malfunction on my part.
Re:This company scares me more and more (Score:3, Insightful)
Why is government-issued currency any more legitimate?
Because you can exchange it for goods that don't originate from said company. Much like cash as opposed to a gift card.
Re:Digital Rothschilds (Score:5, Insightful)
Given Google's veracity for hegemony, this type of news does not surprise me.
I'm guessing you meant voracity - but their habitual truthfulness in leadership may also be unsurprising, I don't know.
Re:Digital Rothschilds (Score:4, Insightful)
It sounds like what you need is a good Home Owner's Association!
That's like living in the "People's Republic of Suburbia", complete with central committee (HOA board), secret police (rent-a-cops), and informants (nosy neighbors).
Re:Ripple Monetary System (Score:3, Insightful)
Re:Digital Rothschilds (Score:4, Insightful)
People don't freak out about arbitration, they freak out about the sharia. You know because they stone people and hate women and stuff and think it's ok because the sharia demands it.
If two muslims get some sort of sharia judgement in the UK that involves stoning someone to death, they are most likely both going to prison for a very long time unless they dispose of the corpse nice and quietly and nobody else finds out.
As a brit I have no problems with a couple of Muslims settling their differences outside court by whatever means the like. Just don't expect me to be bound by that shit for a second.
Re:Digital Rothschilds (Score:5, Insightful)