These quotes are an interesting read, all that said I wish Charlie well in the Federal Prison system.
CigCoin
Seriously, one reason people wouldnât want a bitcoin type currency in prison is that every single transaction is recorded out where everyone can see it. As the dopes at Silk Road found out. Maybe for the âlegalâ transactions but it couldnât replace the shadow currencies.
I somehow suspect his continued optimism may begin to waver in the near future.
I will be fascinated to read his followup article âWhat I learned about bitcoin-like currencies while in Federal prisonâ. Thatâs not snark - Iâm just reading his piece and thinking about what I know about how prison works (I do research with drug users) and thinking that right now heâs a little naive. But that in two years he wonât be, and heâll have had plenty of time to think about it. So what he has to say at the end might be pretty interesting.
I foresee one difficulty - doesnât Bitcoin require a processor? Shockingly, internet access is not yet universal for felons.
âHow can I use the principals of Bitcoin in prison?â he asks while naively reinventing the basic concept of âaccountingâ and unironically predicting that the only way it can fail is if somebody loses trust in the financial system he built for convicted criminals out of a trustless currency.
If life gives you crap, make crapade.
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