Post
Topic
Board Project Development
Re: PrisonCoin - the first coin backed by Prisoners
by
btcney
on 11/06/2017, 00:56:13 UTC
I read these posts but I'm not seeing the actual use case. The title sounded really interesting, but your posts make this sound 100% like a scam...can you explain in basic words what this coin does?

Agreed. This seems like the classic ICO scam. Very vague information available on what the coin is actually about and the developer is not even publicly known or any sort of public figure for thaht matter.

The idea is good, however have you even thought about how you are going to implement this into prisons? I'm sure you will encounter some problems with the US corrections department. I'm assuming you want the coin to be able to be traded on exchanges publicly. Right now prison tokens cannot be exchanged for real cash, so how will your idea work?