this post was submitted on 26 Nov 2023
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Not The Onion

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[–] [email protected] 71 points 11 months ago (4 children)

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.

[–] [email protected] 42 points 11 months ago* (last edited 11 months ago) (1 children)

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.

[–] [email protected] 6 points 11 months ago (1 children)

I thought cigarettes were still the main currency.

[–] [email protected] 9 points 11 months ago (1 children)

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

[–] [email protected] 1 points 11 months ago

But not mackerel

[–] [email protected] 10 points 11 months ago

I mean, it's Business Insider

[–] [email protected] 2 points 11 months ago

Hear me out: Fishcoin!

[–] [email protected] 33 points 11 months ago

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

non-fungible tuna.

[–] [email protected] 16 points 11 months ago (1 children)

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.

[–] [email protected] 1 points 11 months ago

How is mackerel unperishable?

[–] [email protected] 8 points 11 months ago (1 children)

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

[–] [email protected] 9 points 11 months ago

You're a prison thousandaire!

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

Holy Mackerel.