this post was submitted on 24 Nov 2023
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209
With no access to crypto, disgraced FTX founder Sam Bankman-Fried is now trading fish to pay for services in prison (www.businessinsider.com)
submitted 11 months ago by [email protected] to c/[email protected]
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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.

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[–] [email protected] 52 points 11 months ago (2 children)

Anything but fiat, eh Sam?

[–] [email protected] 4 points 11 months ago

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.

[–] [email protected] 3 points 11 months ago

Take this🏅