Former BitInstant CEO and Bitcoin Foundation board member Charlie Shrem is now conducting an ongoing ask-me-anything (AMA) session from Lewisburg Federal Prison Camp in Pennsylvania.
However, in the ongoing AMA, hosted by Bitcoin.com, Shrem opened up about a range of topics including the ongoing debate over bitcoin's block size, adjusting to prison life and why he believes the transparent nature of the bitcoin blockchain will lead to more repressive government regulation.
Shrem spoke at length about why he believes government will eventually lead to the creation of three classes of bitcoin: white bitcoins, those that meet regulatory requirements; gray bitcoins, those that have not been identified by the government; and black bitcoins that are blocked by the bitcoin mining network.
Elsewhere, he weighed in on the ongoing debate about how bitcoin should be changed to process greater transaction volumes, calling on the community to avoid "leaving things as is".
"One of the most important strengths bitcoin has is its ability to adapt and now is the time to do it," Shrem said, adding that he hopes to start or join a bitcoin company when he is eventually released from incarceration.
Further, he discussed the events that led to his sentencing, calling his actions "irresponsible". "I don't blame anyone but myself and every day I think about all the people I let down," he added.
Shrem indicated he plans to answer questions every weekday from 18:30 BST to 20:30 BST, and more regularly on the weekends.
Shrem also spoke about his personal life behind bars, reporting that he's already read 70 books while serving as a general education development (GED) teacher for other inmates.
"I take classes about life, lifestyle balance, rational thinking, living with others, yoga and others. I cook a lot, workout every day, walk or run on the track and play sports," he wrote.
"Many people here even owned bitcoin before they came in," he said. "We have a lot of programmers here, finance guys, doctors and economists."
Shrem said he is also teaching himself Spanish and that he hopes to spend time outside of the US when he is eventually released.
Prison image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.