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.
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.
Take this🏅
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!
I prefer Non-Fish Tokens.
“It didn’t take long for former crypto-billionaire Sam Bankman-Fried to learn the economic system of New York’s Metropolitan Detention Center.
On Thursday, the Wall Street Journal reported that SBF paid for a haircut with packaged mackerel, a type of pelagic fish that is a choice of currency among inmates.
The fish, popularly referred to as “macks” among inmates, has been the choice of currency in federal prisons since 2004, after cigarettes were banned, the Wall Street Journal previously reported”.
Look at Sammy Big Macks over here.
So Hairy Plotter goes from Vegan to Fish sales man
With the billions he probably have well hidden it’s just matter of time and he will be trading in the dark web.
Something’s fishy! 🤣
I get that it’s replaced cigs as the currency but my question I guess is… Why mackerel? You can’t just store multiple mackerel over time because it’ll just go off
