Square Crypto CEO and Bitcoin (BTC) maximalist Jack Dorsey is promoting a recent episode of the Off the Chain podcast featuring Isaiah Jackson, the author of “Bitcoin and Black America.”
Jackson’s book “explores the synergy between black economics, Bitcoin and blockchain technology.” It also provides instructions on “how to incorporate cryptocurrency in your business, job, and educational institution.”
Anthony Pompliano, co-founder of Morgan Creek Digital and host of the crypto-centric podcast interviewed Jackson to grab more insights on how he got into Bitcoin.
Jackson explains why he thinks the black community missed the internet and why that was the catalyst for his book.
“During the big boom of the internet, usually two things prevented people from being able to participate. One, a lot of people in the black community may not have had the education or means in order to learn a lot of the early tools as well as going further into the future.
A lot of times, people who joined in the tech community and learned about the internet, they are kind of consumers now. They were not the builders that have the big tech companies that we see now. So, unfortunately, a lot of the wealth that was made in the internet big boom wasn’t in the black community, not as much as it should have been…
The next wave of innovation is, I believe, centered around blockchain technology, and of course, Bitcoin as a payment system.”
According to Jackson, in order for the black community to become competitive from an economic standpoint, buying Bitcoin is not enough. The key is to become builders of products that consumers will use in the future.
“Economically, if you want to be viable as a community, you have to have some sort of technological expansion to ensure your survival. I think this is one way to do it, not just from a price standpoint of buying Bitcoin but also, from the technological standpoint, building the products we’ll use in the future.”
You can listen to the full podcast here.
Featured Image: Shutterstock/Eakachai Leesin