With no access to crypto, disgraced FTX founder Sam Bankman-Fried is now trading fish to pay for services in prison

snausagesinablanket , 7 months ago

Holy Mackerel.

eestileib , 7 months ago

I first heard about the federal-prison mackerel economy in a Wall Street Journal article back from when the WSJ actually did offbeat interesting reporting… Like 15-20 years ago?

Stackable, non-perishable, essentially (but not totally) zero consumption value… Better than bitcoin as a currency.

intensely_human , 6 months ago

How is mackerel unperishable?

rhythmisaprancer , 7 months ago

I'm not sure how I feel about the can of mackerel I have now 🤔

ChicoSuave , 7 months ago

You’re a prison thousandaire!

TropicalDingdong , 7 months ago

He should license his face out to a canned fish company.

non-fungible tuna.

grte , 7 months ago

What is this article, haha?

It’s no surprise that the former trader would quickly catch on to the commodity of choice in his new environment. He has been a professional trader for much of his career. In 2013, he got his first intern gig at Jane Street Capital, swapping exchange-traded funds before cofounding his crypto-trading firm Alameda Research in 2017. A year later, he figured out how to arbitrage bitcoin between the US and Japanese markets.

Yes, with his lengthy four year career before getting into the scam business he was certainly a master of his craft, lol.

XaeroDegreaz , 7 months ago

In all fairness, billions of dollars don’t lie lol

grte , 7 months ago

Where they at? Apparently he’s buying haircuts with cans of fish.

XaeroDegreaz , 6 months ago

He fafo and stole money from other rich people lol

zepheriths , 7 months ago

Most billionaires value is in non physical parts of a company. Sounds pretty made up

koper , 7 months ago

You’re unironically arguing that “might makes right” lmao get fucked techbro

XaeroDegreaz , 6 months ago

I’m not saying he was right, just saying he was effective

intensely_human , 6 months ago

Some people think all statements are value judgments. They then accuse others of fusing value judgments with other things.

It’s like someone who can’t see bread without seeing a sandwich, and then getting annoyed that others won’t stop making sandwiches.

livus , 7 months ago

It feels like it originates with his publicist.

I fact checked the bit about mackerel and it sounds like everyone uses it in prison over there, so he's just doing what all the other inmates do.

Whatever happened to chocolate.

nilloc , 7 months ago

I thought cigarettes were still the main currency.

Monkeyhog , 7 months ago

Cigarettes are banned in the Federal prison system, and most other state prisons as far as I’m aware.

intensely_human , 6 months ago

But not mackerel

Aatube , 7 months ago

I mean, it's Business Insider

nomecks , 6 months ago

Hear me out: Fishcoin!