With no access to crypto, disgraced FTX founder Sam Bankman-Fried is now trading fish to pay for services in prison::Sam Bankman-Fried is now using mackerel fish as a means of exchange with other prisoners.
Well at least it’s proof of work
Anything but fiat, eh Sam?
There is a book about extreme economies. The author discusses it here: https://www.econtalk.org/richard-davies-on-extreme-economies/
They go through how the mackerel as money came about. Also, that expired mackerel, i.e. fiat, have their own lower exchange rate.
Bernie Madoff cornered the market for Swiss Miss hot chocolate while in prison.
How does this work? The article mentioned the there is a limit of 8 per prisoner yet he was able to stockpile the whole supply. And they write articles about which implies the whole prison knows.
Why is this still ongoing, how is it allowed? This mofo still able to be a currupt capitalist even in hell.
It’s the same quote in all the stories on this. The key being “at some point”, meaning that he probably just noticed that the stock was running low one week and bought the remaining 8 to resell.
However if it really was an ongoing scheme, he could also have bought them from other prisoners and resold at a higher price than he offered them. Basically asking someone who doesn’t buy their own quota of chocolate to buy it for him. If chocolate cost 10$ and he’s offering 11$ to someone getting it for him they’ll gladly carry the entire stock to him, so that the people actually needing chocolate would have to buy it from him for 12$.
The prison could easily stop this by increasing the stock if they knew it was going on at all.
Anyway it’s not ongoing. He died some years ago.
Prison workers are not paid enough to care. If Bernie Madoff says “I’ll give you $20 to not stop me from monopolizing the hot chocolate powder”, well, $20 is $20.
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Here is the deal. If you give me two fish now I’ll give you four fish in a month, trust me there is no catch just fish.
On an unrelated note do you perchance know other wise investors like yourself that want to multiply there fish portfolio?
Buy Fi$hcoin. You heard it here first folks. YOLO!!
The first PoF-based coin (Proof of Fishing).
Because or oceans aren’t being destroyed fast enough!
