A Digital Currency for Prison Inmates

The most dangerous cryptocurrency in the world™

ConCoin is the first decentralized cryptocurrency to make it’s way into the United States prison system. This digital currency enables inmates across the country to transfer Concoin’s between themselves within the prison walls or to other inmates throughout the United States prison system, all in just a matter of minutes.

Not only will ConCoin be a great benefit to the inmates, it will be a benefit to those running the prison as well. For the first time ever, the local state Department of Corrections and the Federal Bureau of Prisons will be able to see the trail of money passing through their prisons via the blockchain.

There will be a total of 6,851,000 ConCoins, representing the total number of inmates incarcerated in the United States in 2014 – the year ConCoin was founded. By working with prisons across the nation, we plan to set up exclusive rights to ensure that ConCoin is the only allowed digital currency within the prison walls, making for a currency that’s strong in value and long lasting.

To see why we say ConCoin is the most dangerous cryptocurrency in the world™ meet the first person to register with ConCoin.

Showing Up

 Prisons where ConCoin’s are showing up:

1. Chino State Prison
2. Pelican Bay State Prison
3. San Quentin State Prison
4. Sing Sing State Prison
5. Folsom State Prison
6. Rikers Island
7. Attica Correctional Facility
8. USP Atlanta
9. Louisiana State Prison
10. USP Tucson

Affiliations

 Inmate with the most ConCoin’s based on a survey done 1/17:

1. Aryan Brotherhood
2. La Nuestra Family
3. Mexican Mafia
4. Black Guerrilla Family
5. MS13
6. Texas Syndicate
7. Nazi Low Riders
8. Dead Man Inc
9. Neta
10. 415 kumi

ConCoin

Frequently Asked Questions

.

.

HOW CAN INMATES TRANSFER COINS?

While the 2nd phase of the program is working on a pilot program to install ConCoin machines, for now, inmates can have family members hold their wallet, or they can use a two-step authentication factor with the inmate initiating the transfer and a appointee completing it.

WHAT CAN THE COINS BE USED FOR?

ConCoins can be used for anything the inmates deem to be of value.

HOW DO THE INMATES KNOW THE VALUE OF THE COIN?

The coin value will constantly fluctuate. If inmates are not able to get the current price, they will request the trade in USD and the correct amount of ConCoins will be transferred to the other person’s account.

CAN THE PRISON TAKE SOMEONE'S COINS?

No. It is not possible to take one’s coins.

CAN INMATES CASH OUT THE COINS?

Yes, the coins can be cashed out at any time for the current market price. The cash out can be transferred to a bank or commissary account, although there may be a small fee involved.

CAN PRISON STAFF SEE THE FLOW OF MONEY?

Yes, transfers are made through the blockchain, which allows the prison to see the flow of digital currency.

WILL PRISON STAFF SEE WHO OWNS THE COINS?

No, it is not possible for the staff to access this information.

HOW CAN I SEND CONCOINS TO A FELLOW INMATE?

You will need their public key information to make a transfer to their account; there is no way to look up an account by name, inmate ID, or similar information.

DO I HAVE TO SEND WHOLE COINS?

No, one ConCoin is divisible down to eight decimal places, or is divisible by up to 108. As the value of the ConCoin grows too large for a single transaction, smaller units will be implemented, such as 0.00000001 CON.

WHAT ARE THE FEES?

Transfer fees can range from 0.2% to 0.5%, depending on the order type.