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Bitcoin advocate Najah Roberts explains why BTC is a tool for empowerment read full article at

For those who ask 10 folks what Bitcoin’s unique function is, not less than one particular person will say it’s meant to chop out the intermediary, scale back the price of transacting and empower those that won’t have entry to trendy monetary infrastructure. 

Whereas all of these bins may be ticked, one other phenomenon of economic know-how, and know-how normally, is that not everybody advantages equally from the revolutionary change it brings. In fact, this occurs for quite a lot of distinctive causes, some intentional and others unintentional, however the phenomenon of technological change leaving some folks behind presents a moderately distinctive query.

How can Bitcoin empower Black People?

On this week’s episode of The Agenda — a Cointelegraph podcast that explores the guarantees of crypto, blockchain and Web3, and the way common folks degree up and enhance their lives with know-how — hosts Ray Salmond and Jonathan DeYoung dig deep into the subject with Najah Roberts, an activist, educator and founding father of a number of crypto-related organizations, together with Black Bitcoin Billionaire, a brick-and-mortar Bitcoin alternate and a tech-focused kids’s camp.

In keeping with Roberts, Bitcoin (BTC) itself is the final nice hope and alternative for Black American empowerment; and for that reason, she has devoted the final 5 years to spreading the nice phrase of Satoshi Nakamoto and the essential tenets of economic literacy.

Bitcoin could possibly be the street to freedom

As a base case for her raison d’etre, Roberts defined that:

“The Emancipation Proclamation was signed over 150-something years ago. And at that time in this country, Black people in America held less than 1% of the wealth. And here we sit, in 2022, and factually, Black folks in America own less than 1% of the wealth. […] Bitcoin affords us the opportunity to have some self-sovereignty and to be able, for the first time in history, to have control of our money — because he who holds the money rules everything. And so if we are holders of our money, we’ll be able to rule our own lives. And I’m excited about that for our community.”

Roberts defined that monetary self-sovereignty is paramount, particularly in techniques like in the USA the place the instruments and assets that result in generational wealth creation have traditionally been denied to sure teams.