The price is not all about Bitcoin, the freedom and fairness behind it make the construction of a new world possible. If you want to abolish the old world order, you must first change the status quo that the world is dominated by whites and men.
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Source: Nasdap
The Bitcoin Endowment project initiated by Square aims to provide education and popularization of Bitcoin-related knowledge to ethnic minorities and marginalized groups. The source of funds for the project is also the interest generated by some of the Bitcoins it holds.
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BBB: Bitcoin Evangelist
Founded by Lamar Wilson and Isaiah Jackson in 2020, the BBB aims to encourage black people to enter the Bitcoin field, thereby enhancing the diversity of the encrypted world. A recent survey found that in the US, 30% of black and 27% of Hispanic investors own digital tokens, compared to 17% of white investors.
In fact, although fewer black Americans invest in stocks than whites, they are more receptive to holding digital tokens. Because most black Americans do not have the opportunity to contact people with relevant knowledge in their own social system, many people will learn about digital tokens through the Internet and social media.
The emergence of BBB provides an accessible Q&A platform for this group of ethnic minorities marginalized by the traditional financial system.
One of the founders, Lamar, is a software developer. Like many solo entrepreneurs, he built a gaming app and was stumped by raising money.
Some players asked him: You have virtual currency in your game, have you heard of Bitcoin? Lamar immediately stated that he certainly knew, not only knew, but also very disliked the "virtual existence" of Bitcoin.
But soon, the reversal of "True Fragrance" came.
When he saw the news that the price of 1 Bitcoin had reached more than 200 US dollars, Lamar immediately realized that Bitcoin is real and has great development potential and vitality.
He immediately went online and found the economic white paper of Bitcoin. After reading the white paper, Lamar couldn't sleep all night, his mind was full of Bitcoin and cryptography. He found that Bitcoin was tailor-made for his profession and career. Lamar graduated from the University of Kentucky with a degree in finance. Although he works in software development, his business has always been developed around finance.
Early the next morning, Lamar couldn't wait to tell his partners about a Bitcoin-based entrepreneurial project he had planned. The partners were stunned by this novel and bold idea, but quickly reversed their thinking and followed Lamar's thinking. With the support of his partners, Lamar set out to build his first Bitcoin mobile wallet.
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Founders Lamar Wilson (left) and Isaiah Jackson (right)
But soon, Lamar and his partners realized that despite the wallet as a tool, the financial situation of minorities had not been substantially changed. The crux of the problem is that the learning threshold of encrypted tokens is still too high for ordinary people. Therefore, this two-person team has a new entrepreneurial project - they want to set out to establish an organization that popularizes Bitcoin-related concepts and knowledge. Thus, Black Bitcoin Billionaire, BBB was born.
Most of BBB's activities revolve around the education and popularization of digital tokens. Due to its instability, investment is extremely risky, especially for minorities who do not have much disposable income. Therefore, conducting research and education about it becomes crucial if investing is to be successful.
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Freedom to open the door to generational wealth
Black identity also made the two co-founders of the BBB think more about Bitcoin.
Lamar and Isaiah founded the organization with the goal of creating generational wealth and self-sovereignty for Black people. The two founders also realized that blacks, as the most primitive capital providers in the United States, constitute the economic foundation of the United States. The consequence of slave owners' endless desire for money is that blacks are enslaved, and blacks are promoting the development of the United States with blood, tears and sweat.
And the current financial system is repeating the same mistakes. For a long time, black people put their money in the bank, but they are feeding a system that does not have the interests of black people first. According to a Coinbase survey, black Americans are twice as likely as whites to be negatively impacted by the current financial system.
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Median and average net worth of major ethnic groups in the United States in 2019 Source: Federal Reserve Board
And that's exactly what the BBB is trying to change.
The Bitcoin white paper made them realize that what matters is not money, but the freedom it brings, the freedom that they can fully control.
Freedom is also a word that Lamar often talks about when he mentions Bitcoin. Bitcoin does not care about the race and gender of the holder, and there is no discrimination. He often said that "the Fed is in power, and Bitcoin is empowering." Lamar prefers "empowerment" to "power," because he believes that everyone is their own leader. From the perspective of ownership, apart from digital tokens such as Bitcoin, there are not many things that black people in the United States can fully control. Bitcoin can liberate black people from the traditional financial system, giving them the freedom to choose and make decisions.
Source: Decrypt
Source: Decrypt
For more than a century after the emancipation of the black slaves, from the racial segregation implemented by the "Jim Crow Act" to the modern "redistribution policy" have deprived blacks of their rights, preventing them from creating and accumulating generational wealth, and Bitcoin or Digital tokens on a broader level open the door to a new world of generational wealth created by black families.
Although the emergence of Bitcoin has made it possible to change the global financial structure, and it has also brought many new ways of interaction between society and technology, but the initial stage of this world based on token finance is too similar to the old financial world, and it dominates Still white.
In the early days of Bitcoin circulation, many of the miners were white men, and they accumulated a lot of wealth.
For some groups with weak voice, the price of Bitcoin is its most boring feature. The most attractive thing is that it doesn't care who you are, and there are no walls to separate men, women, and people of color who have already been defined. Race or even people who are not in the credit system.
Bitcoin and the blockchain technology behind it represent an idea that makes equality possible for all.
At present, there are still about 1.7 billion people in the world without bank accounts. Their access to token-based financial services through smartphones and the internet will help more underrepresented groups define their digital future on the path to economic independence and freedom.
BBB tries to break the discrimination against minorities in the traditional financial system, and uses open market incentives to create a level playing field. In such a financial utopia, people are not defined by the color of their skin, gender, sexual orientation, etc.; there is no prejudice, discrimination or differential treatment.
While Bitcoin is not the only answer to the above systemic problems, nor is it a panacea, it is at least one answer. Diversity is the wonderfulness brought by blockchain technology.
