Blochchainify freedom by mining cryptocurrency for bail money
0Blochchainify freedom by mining cryptocurrency for bail money.
The New Inquiry, a non-profit, recently unveiled its blockchain mining system designed to give freedom to people awaiting trial who can’t afford to post bail. Slacktivists unite: anyone can donate their unused processing power to the cause.
Bail Bloc is software that lets you utilize unused processing power to mine for cryptocurrency, specifically Monero, which is then donated to the Bronx Freedom Fund. That donation is used to post bail for individuals who are incapable of coming up with the money to post their own bond, according to a white paper outlining how The New Inquiry intends to use the funds.
When you hear that someone put bail-bonds on the blockchain you’re likely to respond with a mixture of disbelief and cynicism — at least if you’re a technology journalist. The biggest concern here would be that a group or company is further monetizing the criminal justice system.