[LINK] The shocking reason the U.S. wants to stop Facebook’s Libra
Roger.Clarke at xamax.com.au
Thu Jul 11 20:18:40 AEST 2019
On 11/7/19 7:44 pm, Kim Holburn wrote:
> I noticed that. I seem to recall that in the past banks created their own currency.
And the present.
That's assuming that the increasingly strange country that I was born in
is currently in the present. (Now *there's* a sentence that Terry
Pratchett could have used, particularly pertinently in 'Making Money').
There appear to be 10 such banks right now:
> https://www.therightnote.com.au/articles/private-banknotes-in-australia-1817-1901/ <https://www.therightnote.com.au/articles/private-banknotes-in-australia-1817-1901/>
> Surely in other countries too.
>> On 2019/Jul/11, at 2:28 pm, JLWhitaker <jwhit at internode.on.net> wrote:
>> On 11/07/2019 9:16 AM, Kim Holburn wrote:
>>>> Money has, until the rise of decentralized cryptocurrencies, been an instrument of the state and central banks. Never before had a company decided to just start issuing money of their own. Until now.
>> Historically not true. Look up scrip.
>> Melbourne, Victoria, Australia
>> jwhit at janwhitaker.com
>> Twitter: @JL_Whitaker
>> Blog: www.janwhitaker.com
>> Sooner or later, I hate to break it to you, you're gonna die, so how do you fill in the space between here and there? It's yours. Seize your space.
>> ~Margaret Atwood, writer
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Roger Clarke mailto:Roger.Clarke at xamax.com.au
T: +61 2 6288 6916 http://www.xamax.com.au http://www.rogerclarke.com
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Visiting Professor in the Faculty of Law University of N.S.W.
Visiting Professor in Computer Science Australian National University
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