Tuesday, January 28

Self Portrait XXXV


Charlie Shrem, the CEO of Bitcoin exchange company BitInstant (backed by the Winklevoss brothers) and a well-known voice in the virtual currency community, charged with scheming to sell and launder $1 million worth of Bitcoin to users of the illegal drug website Silk Road.

The Manhattan Federal Court deems the 24-year old Shrem a flight risk and sets bail at $1 million, puts a tracking device around Shrem's ankle, and remands him to his parents' house in Brooklyn.  They must be like, WTF ?!  Raise the kid with good values - check.  Feed and clothe the little bastard - check. Pay for private college - check, check, check. And the payback ? Mom is picking up Charlie's dirty clothes again.