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 2019/Jul/11, at 2:28 pm, JLWhitaker <[email protected]> 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.
> 
> Jan
> 
> -- 
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