Even if it loses 90% of its value it's still a win if the money came from credit cards you never paid back. Although the couple of hundred bucks you get might not be worth the hassle
You will also be unable to take out any debt upon release. It's difficult to get credit as a released felon without a history of defaulting on debt.
So, being generous and saying that he sees a 4% return on his investment, he'll have slightly more than he went in owing, and will be completely unable to even get a car loan, a decent job, or place to live.
He will have turned 0 dollars in to a lifetime of hardship.
Just so you know you don't need to go to prison in order to get your butthole destroyed. It's much easier to just go on Grindr, which is only an emotional prison.
For most guys it's entirely possible to go to prison without getting their butthole destroyed, if that's not their thing. From what I've been told, there are plenty of willing partners in most prisons, so unless you're a truly weak and vulnerable person, provided you follow the unwritten rules and don't do anything super fucking stupid, you'll probably be fine.
It sucks that the weak (often mentally ill or intellectually disabled and so forth) get victimized in US prisons, but the inhumanity of housing such vulnerable people with known predators is by design and is a feature not a bug.
How many bubbles pop 3 three times and then proceed to blow up bigger than the last time? I know of exactly zero. Looks more like an adoption curve when expressed logarithmically
Wait if you can avoid debt collectors for 7 years they just forget about you?? Like I could fuck off to another country where they can't garner my wages and come back and they can't do shit about it?
It’s not that clearcut: they have various tricks to keep it alive, if they know where you are. This is why you never admit to a debt nor pay the token amount they offer; both are tricking you into legally claiming responsibility, so they can keep the debt alive
Debt is super weird. In some cases you can have thousands very much just disappear after 7 years, in others they'll hunt you down mercilessly over a $25 copay they mailed you a "this is not a bill" letter about 2 years ago. My wife was pretty deep in debt when we first started dating and I literally have seen both extremes and everything inbetween.
Come to that you fucked up in step 1. Do you really think the credit card companies are gonna let that debt just sit there not accruing interest and not send debt collectors to your house while you're in jail?
You probably wouldn't need laundered crypto, but you would need to be able to hide it from the bankruptcy court. This only works if you can clear the credit card debt.
You just use it to buy drugs so you don't have to use your other money for drugs. Kinda like how you use your dirty cash for filling up your car, paying for groceries, contractors... You can basically build an entire house with cash and then sell it and pay taxes and shit.
a country that has any reasonable human rights??
well unless you mean "free" in the general sense in that someone does have to pay for it even if not the prisoner...
Someone actually did this, then built a nuclear fallout shelter in their backyard in the middle of some city, but he did it all redneck and it blew up or something while building an underground generator or something and killed a 17 year old kid, he went back to jail, got out after another crypto spike, tried to cash out and immediately got sued by the family of the dead kid for wrongful death and got sued by the IRS for back taxes. It's a fucking rabbit hole of a story.
Well, not exactly. The debt is still there, they just can't force you to pay it. Exceptions apply, like student loans, and they can probably still claim property in the case of bankruptcy or inheritance.