[LINK] The shocking reason the U.S. wants to stop Facebook’s Libra

[Roger Clarke]

> On 11/07/2019 7:44 PM, Kim Holburn wrote:
>> I noticed that.  I seem to recall that in the past banks created their 
>> own currency.
>> 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 11/7/19 8:24 pm, JLWhitaker wrote:
> I know they did in the US. In fact, they would cut pieces off and use 
> it. Ever hear of pieces of eight? Or 2 bits, 4 bits, 6 bits, a dollar?
> And there were private banks in the US.

Holy Dooley!

https://en.wikipedia.org/wiki/Holey_dollar


-- 
Roger Clarke                            mailto:Roger.Clarke at xamax.com.au
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Visiting Professor in the Faculty of Law            University of N.S.W.
Visiting Professor in Computer Science    Australian National University