sebastian on Nostr: PRISON CURRENCY It’s interesting to see that prisons have their own ‘economy’ ...
PRISON CURRENCY
It’s interesting to see that prisons have their own ‘economy’
Certain goods hold value:
- Tobacco
- Ramen Noodles
- Tinned Tuna
These are used as a medium of exchange like fiat money
These items are difficult to get into prison so have a limited supply
They cannot create more cigarettes easily
So they become more desirable to inmates
Legal services, Tattoos, and barbering are examples of services that inmates offer in exchange for desirable goods—their very own version of ‘money’.
Since leaving The Gold Standard governments have lost this fundamental principle
If money is easy to increase, the value decreases
Leave £1,000 or 50 Packets of ramen in the Chow Hall
#Bitcoin
It’s interesting to see that prisons have their own ‘economy’
Certain goods hold value:
- Tobacco
- Ramen Noodles
- Tinned Tuna
These are used as a medium of exchange like fiat money
These items are difficult to get into prison so have a limited supply
They cannot create more cigarettes easily
So they become more desirable to inmates
Legal services, Tattoos, and barbering are examples of services that inmates offer in exchange for desirable goods—their very own version of ‘money’.
Since leaving The Gold Standard governments have lost this fundamental principle
If money is easy to increase, the value decreases
Leave £1,000 or 50 Packets of ramen in the Chow Hall
#Bitcoin