(1)Prison and bitcoin; An Analogy: Ramen Noodles serve as m…

Twetch · June 2, 2020

(1)Prison and bitcoin; An Analogy: Ramen Noodles serve as money in prison because it is the most usable/coveted item the inmates can have. Everybody wants noodles more often than they want deodorant or a snickers bar. You can trade noodles to anyone.

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Twetch · June 2, 2020

(2) If you want to trade a snickers bar, you must find a more niche market. So, noodles are money because everyone generally accepts them. Now, you can buy drugs in prison w noodles, but usually the dealer wants you to send him a green dot or moneyorder.

Twetch · June 2, 2020

(3) I’ve seen people trade US dollars in prison for drugs. They have no way to spend these dollars except to hold them until they’re released. Btc is like having money in prison, except you’re never going to get out. Eventually unusabl. Thoughts?