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Whether you ask 10 people what is the initial purpose of Bitcoin is, At least one person will say that this is designed to eliminate the intermediary, lower transaction costs and enable those who may not have access to modern financial infrastructure.
Although all these boxes can be checked, another phenomenon of FinTech, and technology in general, is that not everyone benefits equally from the revolutionary change it brings. Of course, this happens for a variety of unique reasons, some intentionally and some unintentionally.
The phenomenon of technological change that leaves certain people behind raises a rather unique question.
In this week’s episode of The Agenda — a Cointelegraph podcast that explores the promises of crypto, blockchain and Web3, and how regular people level up and improve their lives with technology — hosts Ray Salmond and Jonathan DeYoung dig deep into the topic with Najah Roberts, an activist, educator and founder of several crypto-related organizations, including Black Bitcoin Billionaire, a brick-and-mortar Bitcoin exchange and a tech-focused children’s camp.
In this week's episode of the agenda - a cointelegraph podcast that explores crypto promises, blockchain and website 3, and how ordinary people make their lives better through technology—hosts Ray Salmond and Jonathan Deyoung delve deeply into the subject with Najah Roberts, an activist, Trainer and founder of a number of organizations related to cryptography, including billionaire bitcoin noir, a physical exchange of bitcoins and a technology-driven kids' camp.
How is Bitcoin able to empower black Americans?
As a base case for her raison d’etre, Roberts explained that:
“The Emancipation Proclamation was signed over 150-something years ago. Bitcoin could be the road to postage a basic case for its raison d'etre, Roberts explained that: "the proclamation of emancipation has been signed more than 150 years. And at that time in that country, blacks in America held less than one percent of the wealth. Now we're sitting down, in 2022, and factually, Black Americans own less than 1% of the wealth. [...] Bitcoin offers us the possibility of having a certain self-reliance and being able, for the very first time, have control over our money--because whoever has the money is the one who settles everything. And I’m excited about that for our community.”
Roberts explained that financial self-sovereignty is paramount, especially in systems like in the United States where the tools and resources that lead to generational wealth creation have historically been denied to certain groups.
Roberts said:
“We’ve got to get self-sovereign because nobody’s looking out for us except for us, and we got to get that in our head. Roberts said, "We have to become self-rulers because no one watches over us but us, and we have to put that in our head. And we taught that to the community. Therefore, Bitcoin is just the first springboard. Again, the person who holds the money has the authority. So we want to keep our own money in order to have the authority to do the things we need to do, not just within our families, but within our communities as well.”
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Revolutions are not often televised
So we want to keep our own money so that we can have the authority to do the things we have to do, not just within our families, but within our communities as well.
"related: Music nfts help freelance creators monetize and build fanbaserevolutions are not often televised questioned about the high volatility of bitcoin, the proliferation of scams in the crypto industry and the question of whether or not it is wise to advise those with little financial knowledge to invest in an emerging sector, venture asset such as Bitcoin, Roberts suggested the revolution wasn't going to be televised. As far as Roberts is concerned, Literacy is the gateway to becoming self-sustaining, therefore its main objective, and digital underground technology, first, to help individuals understand the value of saving, whatever they can save.
“I am not teaching our community to time the market because time in the market is better than timing the market. I don't teach our community to time the market because time spent on the market is preferable to time spent on the market. I don't teach our community to time the market because time spent on the market is preferable to time spent on the market. Therefore, I teach our community on average costs. [...]
To hear more from Roberts, tune in to the full episode of The Agenda on Cointelegraph’s new podcasts page, Spotify, Apple Podcasts, Google Podcasts or TuneIn — and be sure to check out Cointelegraph’s other new shows as well.
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