Greetings Cryptocurrency,Having money in prison is against the rules. Even 1 penny can get you thrown out of club fed and into a worse place called, "the hole" aka solitary confinement. In fact, not only can a prisoner not have cash, but they're not even supposed to transfer anything of value to another inmate.
So how do inmates transact business? Let's break it down...There is a store federal inmates shop at called, "Commissary"
Learn More>>>
http://www.bop.gov/locations/institutions/dub/DUB_CommList.pdf Inmates can only shop here at certain times. The commissary has long lines and high prices, but legal if you're lucky enough to have outside friends and family put "money on your books".
Now back to currency...1 Can of Mackerel or "Mack" = $1.50 USD to buy from the commissary
1 Case of Mackeral or "Mack" = $36.00 USD (no discount for buying in bulk)
It comes in a metal can with a pull top lid and is the USD or BTC of the federal prison eco-system.
How it works...Lets say for example:
"That inmate Jose has a laundry service in prison". He charges 1 can of "Mack" per load of laundry. Jose has built a customer base in turn a locker full of mackerel cans.
Jose can do a couple things; -
He can eat them or he can trade them for other goods or services. *But no one has any incentive to do that unless he offers them at a discount.He sells his cases for between $30 and $32.
Prison Economy Compound Price Per Case = $28.00-$30.00
Commissary Price Per Case = $36.00
Not everyone has access to prison compound prices. You kind of have to know somebody and be on good terms with the traders to get it that cheap.
Who are the traders?- Artists
- Barbers
- Bookies
- Drug Addicts
- Drug Dealers
- Gamblers
- Sex Workers
& MORE...
So that's how the federal prison currency system works.
That'll be 3 mack.Many different types of prison currency, from stamps to cigarettes, have existed over the years. After prisons began banning smoking a decade ago—it was banned in all federal prisons in 2014—prisoners started exchanging tins of mackerel due to their long shelf live and high protein, which is lacking in prison. Laundry may cost 1 mack, a haircut 2 mack, and a personal trainer can run you 25 mack a month.
Source: Motherboard
http://motherboard.vice.com/read/bitcoin-for-prisonA major figure in the Bitcoin economy has recently been sentenced as has begun serving a 2 year federal sentence. Learn More>>>
http://www.businessinsider.com/bitcoin-millionaire-charlie-shrem-sentenced-to-2-years-in-prison-2014-12Charlie Schrem, Bitcoin pioneer & our communities first felon is an apostle of Satoshi Nakamoto. He is a self described
"Crusader for a new, better, tech-driven society, a dreamer" Charlie is a founder of The Bitcoin Foundation.
Charlie has envisioned creating a Bitcoin like public ledger in federal prison incorporating all of his ideas as such; Learn More>>>
http://motherboard.vice.com/read/bitcoin-for-prisonHowever, this will not fly in the BOP. It is a clear violation of institutional policies and procedures and would result in Charlie being locked up in the SHU aka "the hole" aka solitary confinement along with all other inmates mentioned on the public ledger discussed. 99.9% of federal inmates are informants and Charlie is in for a rude awakening. Inmates are not to be trusted.
PROBLEM- Charlie Shrem is incarcerated with some of the most innovative ideas in modern finance flowing through his creative mind with no "real-world" outlet. #FRUSTRATED
- Charlie Shrem is in need of funds to make his stay at club fed comfortable while keeping him in a place of normality adapting to his current living conditions.
- Charlie Shrem needs nutrition not provided steadily by the BOP cafeteria.
- Charlie Shrem needs money on his phone account to contact and keep in touch with the outside world. Phone calls are NOT free.
- Charlie Shrem needs financial publications to keep abreast of our ever changing market delivered daily. EX: WSJ, US Today & all BOP approved magazines and publications.
- Charlie Shrem is in need of community member support to enrich his visions while he is sitting on ice.
- Charlie needs to be shown support by the underlying community he helped build.
SOLUTION- We have come up with a "real-world" plan to pin a unique cryptocurrency called,
MakerelCoin $MAK to the current exchange rate of the federal inmate population currency of choice "mackerel" bringing Charlie's dream to reality while keeping him out of trouble in prison.
- We have created a coin with a total coin count of 92,164,054 which represents Charlie’s Federal Inmate Number.
https://gordancrypto.wordpress.comCHARLIE SHREM
Register Number: 92164-054
Age: 25
Race: White
Sex: Male
Located at: Lewisburg USP
Release Date: UNKNOWN
Contact Charlie Shrem in prison:
http://www.bop.gov/inmateloc/- We will be hosting an ICO hopefully on
www.bittrex.com with all funds held in escrow by a recognized and trusted person/entity in the cryptocurrency sphere to gather and distribute all funds raised to Charlie's personal BOP commissary account.
- $MAK developers will be performing a pre-mine dedicated 100% to funding Charlie's stay at club fed.
- $MAK pre-mine will be a total of 20K coins. 10K to be listed for public sale with "all" proceeds again going to Charlie and 10K coins being held in a wallet for the future financing of Charlie's dreams.
- $MAK will be priced at $1.50 USD per coin with a total of $15K USD being raised for Charlie which should be enough to get him comfortably through his 2 year stint.
We are in need of an outstanding community member someone like a Roger Ver or Eric Voorhees to help us maintain escrow in an open, honest and transparent fashion. Please respond to this post if you are an individual who possesses these characteristics. We have reached out to Bittrex and the team behind The Rise & Rise Of Bitcoin for consideration.
We will be posting launch date, news and coin specifications once we arrange the correct platform/exchange to list.
We appreciate any help or ideas that our community has to offer to make this project a success. Please consider your wording in responses. We believe this is a serious matter that all should contribute to. Please respect Charlie's passion and only contribute positive information to the cause of a bitcoin pioneer in distress. This project has been labeled "CharlieAngels" which all of us participating plan to be.
We look forward to the progression of this development and as always our prayers are with Charlie Shrem.
Charlie Shrem is
BTC Sincerest Regards,The MakerelCoin Development Team
$MAK
Twitter
https://twitter.com/MakerelCoin