Keeping Black people on the Hamster wheel!!

Hamsterwheel...

Good Black Men are not just ATM machines

ATM2..

Today African American men are expected to be providers for women, often whether they are married to the women or not. But if you are not married to a woman and the two of you do not live together, YOU are not under any obligation to pay her bills, get her hair and nails done nor pay her rent. Those are her responsibilities. And though it is nice to do so, if you can afford to, guys be careful not to let your generosity be mistaken for obligation.

If men and women play house, women must overstand that house comes with authority via leadership and living by example, not just the right to pay the bills. This is an area counselors struggle to explain, African American women tend to reject and African American men fail to hold the line on. The leader of the relationship or head of thee household is so much more than an ATM and its past the time for us to make that known.

ATM1..

We who are strong African American male leaders in our homes recognize our varied roles and functions. Our women must recognize this as well or they fail to comprehend who we are. And if you cannot be the head of your home or relationship, leading with fairness, respect, compassion and by example, you do not need to be in that home nor in that relationship. There are too many weak and/or emasculated African American men who are bowing to women and allowing them to run the household. We can consult, listen to and work together with our women but when it comes down to it, there can only be one leader. African American men must therefore lead in the right direction and demand respect as the leaders of our households and communities. In a kingdom, your wife or woman can be and should be your queen, but there is only one King.

We men are much more than ATMs. We are protectors. We are examples. We are final decision makers. We are leaders who bring the family to the table as often as possible so the family can make decisions together. We initiate discussions, require excellence from our family members and demand it of ourselves. We find answers to problems when there seems like there is no solution. We mediate conflict and neutralize it in the household with win-win problem resolution.  And if you don’t know how to do all of these things, it neither keeps you from being a man nor voids your right of authority and your responsibility to lead. You simply have to learn and none of us (including your wife or woman) is perfect. So never let anyone belittle you on the basis that you are not where you should be – as long as you are making the sincere effort to get there.

We who are strong African American men have to stop trying to buy women or trying to impress them with money or what we will pay on their behalf. We men are much more than cash, checks and credit cards or vessels of material things. Sending the wrong message has both set and fed a dangerous and false standard  and allowed women to mistake our kindness as an obligation. Buying your woman nice things and helping her when you can are admirable traits but you need to know such behavior can easily become an expectation that defines you in her eyes. Then, when you don’t, won’t or can’t, she may very well find someone who will or see you as failing your commitment to her. I speak of course regarding the relationship where you are not married and do not live together.

As a husband and/or a father, the role of the African American male is priceless and cannot be replaced by any other person, entity or structure. We provide balance and stability to the relationship. We provide direction for the family. I say again, nobody else can perform our role or function – not two women in a relationship, not two men together. Now is the time for African American men to rise up and return to being the leaders and examples that our fathers or grandfathers were.  If you are a male, be a man. Teach and expect the same from your sons. And if any woman does not like it or cannot accept it, you do not need her. You can make a good woman your queen but there can only be one king. Believe it, act like it, become it, teach it and expect it.

Article written by Marque-Anthony

 

Dear Black Business owner….

Black Business...

KRST Unity Center- Kwanzaa Celebration 2017

Kwanzaa..

Kwanzaa Display..

Just a week ago I went to a Kwanzaa celebration.  It was held at the KRST Unity Center of Afrakan Spiritual Science in Los Angeles.  It is ran by Reverend Dr Richard Byrd and his wife Reverend Erica Byrd.  The center is dedicated to the principles and practices of MAAT. The event itself was free for all to come.  It was nice to see so many black men,women and children having a great time. There was no drama and no fighting .  There were black vendors and musicians that performed.  There was a candle lighting ceremony that highlighted the principles of Kwanzaa. They explained libation and why our ancestors did it. There was a beautiful poem  by poet Tasha Auset.  A rap performance by a young man named Jeremiah Berryman. He was a real talented brother.  He was dropping positive lyrics with no profanity.   There was comedy by Daryl Mooney the son of comedian Paul Mooney. As well as a Kwanzaa play and African dancing. At the intermission the reggae group Fountain of Roots performed. Guest speaker Michael Imhotep from the African History Network had a lecture at the end of the ceremony. I really enjoyed myself.  You could feel the love in the place. It’s nice to be around black people that are comfortable in their own skin.  Everyone I met was really positive.  The vibe was very positive.  But I had such a great time  I thought I would share some of the pictures and videos of the event.

Tony B. Conscious..

This brother(above) is Tony B. Conscious. He’s a very talented rapper and spits positive lyrics.  I was joking around with him the whole night.  He is really cool and a down to earth brother.

Art3..

This is Tony’s apparel he was selling at the event.  He not only raps but makes t-shirts,beanies,hats,jewelry and is a painter.  He’s a very talented artist.  This brother does it all!  I bought a beanie and t-shirt from him.

Yendi6..

This beautiful sista is Yendi Serwaa. She is a very talented woman in her own right. She makes all these unique crafts and is also a painter.

Yendi4..

These are some of the products(above) she was selling.  Yendi is also on the Board of Directors at the KRST Unity Center.

Herb and Rev Richard Byrd..

This picture(above) is of Reverend Richard Byrd and Herb Alkhemyst.  Byrd is also known as Meri Ka Ra.  It was a pleasure to meet the elder.  He was a very nice man.  The lovely Alkhemyst is a singer/songwriter and herbalist.

Herb3...

Koshana Kweli and Kateria Knows also attended the event. Kweli is a spiritual consultant and child care provider. Kateria is an amazing astrologer and creator of the Real Family Reunion. Kateria spoke at the event about the power of purpose.  It was a great speech. They were really cool and down to earth sistas. It was a pleasure to meet them.

Herb2...

This picture(above) is with Herb Alkhemyst and her sister Kateria Knows.  They’re pictured with Michael Imhotep. He has a blogtalk radio program called African History Network. Imhotep gave a very powerful lecture at the event.  I got a chance to chat with Imhotep for about thirty minutes after the event.  I even bought a few of his dvd’s.

Kateria..

Imhotep3..

Imhotep1..

Fountain of Roots..

KRST...

This was their first annual Kwanzaa event.  They say they will do more in the future. I’ll definitely try to attend the event again.  It was just a really nice way to end the year.  Black people talking about black unity,black economics,African culture,black history,black relationships,black unity and black love.  And those are the things we all need to carry on into 2018. ❤

Cryptocurrency: Good investment or One World currency(Part 2 of 2)

 

Bit4...

 

Bitcoin, which is the de-facto digital currency is being talked about as being a one world currency. Talks of Illuminati have been brought up ever since people think that a group of people all over the world want to create a one world currency. Well the good part is, Bitcoin isn’t going to be the only cryptocurrency so Bitcoin can’t be the only one. Bitcoin is actually better off as a store of value. A one world currency is good but can also have its disadvantages. Here are our reasons why Bitcoin will not be the one world currency everyone is scared of.

Bit3...

Bit2..

  1. No Regulations: Bitcoins do not have any backing authority for its operation nor is it backed by any country. It does not have any regulations. People already don’t trust it by nature but no country would be for a currency that can’t be backed by anything. They also won’t allow a currency without a central bank.
  2. Illegal Purchase: Lots of illegal purchases can be possible with Bitcoin transaction. Drugs, chemical, radioactive materials cannot be easy to purchase in normal transaction methods. Many illegal purchases are done with cash but it’s easier to transfer $50 million to someone through Bitcoin than it is with cash.
  3. Not the Only Currency Crypto: Bitcoin isn’t the only digital currency being used as a currency. With over 1200 altcoins, many of them have different use-cases like privacy coins, supply chain operations, enterprise solutions and more. Litecoin and Vertcoin will join Bitcoin as an everyday currency.
  4. No Trust: Since it doesn’t have headquarters, it doesn’t have any customer care. It is difficult for a normal person to grasp the idea of Bitcoins. Because of this problem, people won’t trust to join Bitcoin. The fact that you can’t touch it, smell it or hold it also makes people not trust it.
  5. Lack of Awareness: Awareness about Bitcoin is much lower than most people think. Less than 1 in 10,000 people own cryptocurrencies. This also aids the trust issue.
  6. High Fluctuations: Day by day, the value of Bitcoin is increasing. As good as this sounds, there are many more days when the price of Bitcoin drops and this creates a volatile market. This is one of the reasons that big corporations like Amazon and Uber are not adopting Bitcoin as a form of currency to accept.Bit5...A new Department of Justice (DOJ) directive from Attorney General Jeff Sessions makes it more important than ever to own cryptocurrency and to do so outside of digital exchanges which function like traditional banks; translation, they will rush to obey law enforcement agencies. The new directive expands the power of civil asset forfeiture for federal agents, allowing them to sidestep laws in the 20 states that currently restrict the practice.Civil asset forfeiture allows federal or local law enforcement to confiscate property and wealth from anyone suspected of committing a crime or of being connected to one. The targeted person doesn’t need to be charged or arrested. No crime needs to be proven.Even in the presence of a crime, the person’s property may have been used without their knowledge. For example, Russ Caswell fought for years to retain ownership of his motel in Massachusetts which was worth $2 million. Federal and local law enforcement claimed the motel was theirs because drug deals had happened without Caswell’s knowledge. He ultimately prevailed but it required backing from the powerful Institute for Justice and an intense media campaign. Success in contesting the seizures is rare.Because the process is a civil and not a criminal one, there are no due process protections and law enforcement has a free hand. The evidentiary standard reduces to a police officer’s alleged suspicions; for example, cash is always suspected drug money.

    Conclusion: Own Cryptocurrency like Bitcoin

    Sessions’ letter rings the dinner bell for federal, state and local thieves. You are the dinner.

    Civil asset forfeiture is here to stay. As economic times get tougher, the practice will only accelerate. It is the main method by which law enforcement self-financewithout needing the approval of taxpayers or officials on budgets. Many police departments could not sustain themselves without the thievery of civil asset forfeiture.

    As a huge fan of cash, I advise you not to carry much more than you immediately need. The only portable wealth you can depend upon keeping is cryptocurrency maintained in a private wallet under a key you control. Avoid “policing for profit,” avoid “theft by cop.” It is about to become much more common.

Cryptocurrency: Good investment or One World currency?(Part 1 of 2)

Bit2....jpg

As I’m pretty sure by now, most of you have heard in some form or fashion the word “cryptocurrency” being tossed around in the media & social media due to the most popular form of cryptocurrency by the name of Bitcoin (BTC) reaching a value level of as high as $7,380.56 per coin.  To some people, the mere fact that this form of currency is so valuable is enough to get most people excited as they sit around pondering the possibilities of transforming this currency into a fiat currency to where they can essentially ball out of control.  To other people, most honestly have no clue what cryptocurrency is, why it’s so valuable, why people are so excited about it, & why people are rushing to get involved in the cryptocurrency market.  Well, I’m about to give you the most elementary explanation that I can think of in order to help you understand what cryptocurrency is, why cryptocurrency WILL dominate the future & more importantly why you SHOULD get involved in this market, especially if you are black.

Everything from money to social media activities are centralized (controlled by some organization).  The stuff you post to Facebook is stored on Facebook servers all across the world that are owned & controlled by Facebook.  Every time you withdraw money from an ATM machine, send money via PayPal, pay for something using a debit/credit card, all of those transactions must go through a bank (centralized) to where the bank controls the actual process of sending/receiving, recording & verifying transactions before the disbursement of funds…for a fee of course.  These transactions themselves are stored on servers owned & controlled by these institutions as well.
These servers are very important for a reason.  These servers process & store the information they collect from you (in addition to data mining this information to be sold to third party companies who then send you a bunch of junk via email or snail mail to convince you to buy).  Another reason these servers are so important is because these servers are also extremely valuable to hackers roaming the internet looking to compromise a server to gain access to the information residing on the server to be later sold on the black market (think identity theft).  The problem with these servers is that in the grand scheme of things, they represent single point of failures that are constantly being attacked & exploited for nefarious purposes.  All of the information that you’ve posted to Facebook ONLY resides on Facebook’s servers spread out across the world.  This information does not reside on any of Google’s servers which means if someone managed to wreck havoc on Facebook’s system causing the site to crash or something catastrophic to where your information was compromised (as in recent issues involving Yahoo!), then you couldn’t turn to Google’s servers in an attempt to retrieve the information you had stored on Facebook’s servers, because they are not connected in that manner to allow for the free flow of data to be exchanged & stored.  I have a decade+ background in IT & I have a master degree in Information Assurance.  My master degree alone is basically a degree that focuses on protecting information floating around being stored on servers.  So the problem is a very real problem that most people are unaware of.

Cryptocurrencies function off of a technology called blockchain.  Blockchain essentially eliminates the single point of failure aspect by removing the storage of data on centralized servers owned by private/public entities.  The data on the blockchain whether it is financial transactions, social media activities etc are stored across a gigantic network of computers called nodes to where the information stored cannot be controlled by one entity or hacked causing severe problems due to single point of failure issues I described above.  The reason the data on the blockchain cannot be hacked is because the data resides on a distributed network is highly encrypted to where a hacker can’t just hack one single point on the blockchain, they would have to hack the entire blockchain essentially.  Also, the data residing in the blocks on the blockchain are constantly updated across the network to wherever you access the data on the network, the data will be the same.

Bit1...

Here’s an example of what I mean by the data being centralized & decentralized in addition to the data being “mirrored” across the network no matter where you are to access the data.

Back in the day on Microsoft Word a person would type a paper, save the paper, & then email the paper to somebody to make corrections.  The person whom the email was sent to would get the email, open MS Word, make corrections, email you the paper back, then you would make necessary changes to the paper.  This entire process was centralized to where only one party had control of the paper at a time and the other party couldn’t get access to the paper until the owning party relinquished control.

Now, we have Google Docs (basically cloud computing) to where multiple parties at the same time can access, view and/or edit the paper in real time without waiting for one party to relinquish control of the paper (decentralized).

Bit4...

How this ties into the data floating around on the blockchain is…you’re not inputting your data into just one entity and entrusting that one entity to do the right thing as far as processing and safeguarding your data (for a fee in most instances).  You are now putting your data across a distributed network to where copies of that data will exist in multiple places at once.  So, if I upload some data from my home computer on the blockchain, my data will be added to the blockchain which will then be replicated across the network and not just sitting on one server that I would need to gain access to (think…logging into Facebook, you’re essentially logging into a site that stores your updates on their servers).  In a decentralized scenario, in theory, I would be able to log into my gmail account and still be able to access my data on Facebook.

Now some of you are probably wondering how this data is protected if this data is “free floating” on the blockchain versus the data (supposedly) being protected on some entity’s servers.

Simple, the data is encrypted (it’s encrypted on these entity’s servers too by the way…or at least should be).  But the encryption on the blockchain isn’t CENTRALIZED, meaning you are not relying solely on that one entity to encrypt & protect your data.

So how the encryption works is fairly simple for the most part.  Blockchain works off of an encryption practice called asymmetric encryption.  Asymmetric encryption involves the use of a public & private key to gain access to data.  Any data you put on the blockchain is encrypted to where the data looks like a bunch of meaningless letters, numbers & symbols that would literally take decades (if not longer) to decipher.

A private & public key can be thought of this way…

You maintain a mailbox at a UPS store.  UPS gives you 2 keys:  one to access the UPS store and the other key to access your personal mailbox within the store.  The UPS store key that you possess is the same key that some random person with a mailbox at the UPS store would possess as well, but that random person does not have your private key (or shouldn’t) to access your personal mailbox.

So on the blockchain, what tends to happen is, people constantly give out their public key to pretty much anybody who wants it for the purpose of exchanging data (and/or “money”…cryptocurrency).  But to unlock or gain access to the item in the transaction, a person would need your private key to do so.  So basically what takes place is, Person A wants to send an item to Person B.  Person A sends an item to Person B using Person B’s PUBLIC KEY.  This item is encrypted within Person B’s PUBLIC KEY.  Person B receives the item from Person A.  Person B now uses his PRIVATE KEY to decrypt his PUBLIC KEY to get access to the item Person A sent him.  If anybody were to intercept Person B’s PUBLIC KEY, they would NOT be able to access the data encrypted on that public key without having access to Person B’s PRIVATE KEY.  Person A can’t even get access to the data he sent Person B because Person A used Person B’s PUBLIC KEY to encrypt the data and ONLY Person B’s PRIVATE KEY can decrypt Person B’s PUBLIC KEY.  Got it?  Good.

Now, all of these transactions are continually updated across the blockchain network in a matter of minutes to where each transaction is essentially “etched in stone” to where a new “block” is created in the overall network which is then duplicated everywhere on the network (think of my Google Docs analogy).  This is important because in order to hack the system, every other block that was created prior to the new block would have to be hacked as well which would require computing power that probably doesn’t exist to even make it worth somebody’s time & effort to attempt.  You can’t just hack one block, all the blocks are connected which mean you would have to hack ALL OF THE BLOCKS.  Also, you can’t delete data on the block once the data is recorded.  Now for the sake of this blog article, I’m choosing not get too technical beyond this point to prevent really confusing the hell out of people who have no idea how this works, but just want a basic general understanding of the technology behind it.

What I really want people to understand is why one Bitcoin is currently worth over $7K and why black people need to seriously get caught up on this technology to where you could benefit big from it in the coming years.  Crytocurrency (Bitcoin and other coins) is an intangible asset that rewards people for participating in the creation, maintenance & growth of the blockchain.  These people are called miners.  These people allow for their computers to be used as nodes for creating the actual blockchain which allows for you to engage in peer-to-peer transactions which also allows for you to remove the middleman & their fees out of the process.  They also allow for your data to be distributed without the need for a centralized distribution point that is owned by one entity.

People who are not miners invest in the cryptocurrencies that are being “mined” by these miners.  A miner is a person who basically uses their computer to solve complicated mathematical problems.  Each time they successfully solve a problem a coin is created.  These miners are paid in partials of coins that is based on a variety of factors.  The remaining partials are then placed on the market for non-miners to invest in or use as actual forms of currency to purchase items.  Matter of fact, Japan just recently recognized Bitcoin as a legit form of currency to purchase items.  There are even ATM machines in various countries (too include the US) that allow you to “withdraw” Bitcoin instead of dollars.

But here is what I really want black people to grasp & understand as this whole discussion relates to cryptocurrency and the blockchain technology…Black people need to think of this technology like it is the Internet 3.0.

When the internet first came out for general public use 20 something years ago, the internet was basically a place to visit websites and read stuff.  That was it.  The only people who were really making money off of the internet during that time were ISP’s (internet service providers) & people who registered domain names for the sole purpose of holding them and selling them to people later on (think if you bought Walmart_dot_com back then how much Walmart would have paid you to get that domain name).  You had a few other ways of making money here & there (the Dotcom Boom) but that was pretty much it.  Internet 2.0 ushered in the era of e-commerce & social media (where we presently are now).  As crazy as this may sound, a lot of people honestly didn’t think e-commerce or social media would take off.  A lot of people couldn’t fathom the idea of people buying products online or spending more time on a social media platform communicating to people than they did in real life.  But in the year 2017, look at how we communicate & engage in commerce now.  So now think of blockchain & cryptocurrency as internet 3.0 to where the internet will begin moving away from big companies like Google, Facebook, & banks controlling or having some influence on every aspect of everything that takes place on the internet.  The blockchain will not put these people out of business, but the blockchain will give people more power over how our data is being utilized on the internet.  This is all about ownership & control on the individual level versus relying on the big entities to do it for us.  Cryptocurrencies such as Bitcoin have proven that there is a real demand & shift taking place to where as this technology continues to grow & mature, a lot of potential money stands to be made.

Bit3....PNG

Cryptocurrencies function off of a technology called blockchain.  Blockchain essentially eliminates the single point of failure aspect by removing the storage of data on centralized servers owned by private/public entities.  The data on the blockchain whether it is financial transactions, social media activities etc are stored across a gigantic network of computers called nodes to where the information stored cannot be controlled by one entity or hacked causing severe problems due to single point of failure issues I described above.  The reason the data on the blockchain cannot be hacked is because the data resides on a distributed network is highly encrypted to where a hacker can’t just hack one single point on the blockchain, they would have to hack the entire blockchain essentially.  Also, the data residing in the blocks on the blockchain are constantly updated across the network to wherever you access the data on the network, the data will be the same.

Here’s an example of what I mean by the data being centralized & decentralized in addition to the data being “mirrored” across the network no matter where you are to access the data.

Back in the day on Microsoft Word a person would type a paper, save the paper, & then email the paper to somebody to make corrections.  The person whom the email was sent to would get the email, open MS Word, make corrections, email you the paper back, then you would make necessary changes to the paper.  This entire process was centralized to where only one party had control of the paper at a time and the other party couldn’t get access to the paper until the owning party relinquished control.

Now, we have Google Docs (basically cloud computing) to where multiple parties at the same time can access, view and/or edit the paper in real time without waiting for one party to relinquish control of the paper (decentralized).

How this ties into the data floating around on the blockchain is…you’re not inputting your data into just one entity and entrusting that one entity to do the right thing as far as processing and safeguarding your data (for a fee in most instances).  You are now putting your data across a distributed network to where copies of that data will exist in multiple places at once.  So, if I upload some data from my home computer on the blockchain, my data will be added to the blockchain which will then be replicated across the network and not just sitting on one server that I would need to gain access to (think…logging into Facebook, you’re essentially logging into a site that stores your updates on their servers).  In a decentralized scenario, in theory, I would be able to log into my gmail account and still be able to access my data on Facebook.

Now some of you are probably wondering how this data is protected if this data is “free floating” on the blockchain versus the data (supposedly) being protected on some entity’s servers.

Simple, the data is encrypted (it’s encrypted on these entity’s servers too by the way…or at least should be).  But the encryption on the blockchain isn’t CENTRALIZED, meaning you are not relying solely on that one entity to encrypt & protect your data.

So how the encryption works is fairly simple for the most part.  Blockchain works off of an encryption practice called asymmetric encryption.  Asymmetric encryption involves the use of a public & private key to gain access to data.  Any data you put on the blockchain is encrypted to where the data looks like a bunch of meaningless letters, numbers & symbols that would literally take decades (if not longer) to decipher.

A private & public key can be thought of this way…

You maintain a mailbox at a UPS store.  UPS gives you 2 keys:  one to access the UPS store and the other key to access your personal mailbox within the store.  The UPS store key that you possess is the same key that some random person with a mailbox at the UPS store would possess as well, but that random person does not have your private key (or shouldn’t) to access your personal mailbox.

So on the blockchain, what tends to happen is, people constantly give out their public key to pretty much anybody who wants it for the purpose of exchanging data (and/or “money”…cryptocurrency).  But to unlock or gain access to the item in the transaction, a person would need your private key to do so.  So basically what takes place is, Person A wants to send an item to Person B.  Person A sends an item to Person B using Person B’s PUBLIC KEY.  This item is encrypted within Person B’s PUBLIC KEY.  Person B receives the item from Person A.  Person B now uses his PRIVATE KEY to decrypt his PUBLIC KEY to get access to the item Person A sent him.  If anybody were to intercept Person B’s PUBLIC KEY, they would NOT be able to access the data encrypted on that public key without having access to Person B’s PRIVATE KEY.  Person A can’t even get access to the data he sent Person B because Person A used Person B’s PUBLIC KEY to encrypt the data and ONLY Person B’s PRIVATE KEY can decrypt Person B’s PUBLIC KEY.  Got it?  Good.

Now, all of these transactions are continually updated across the blockchain network in a matter of minutes to where each transaction is essentially “etched in stone” to where a new “block” is created in the overall network which is then duplicated everywhere on the network (think of my Google Docs analogy).  This is important because in order to hack the system, every other block that was created prior to the new block would have to be hacked as well which would require computing power that probably doesn’t exist to even make it worth somebody’s time & effort to attempt.  You can’t just hack one block, all the blocks are connected which mean you would have to hack ALL OF THE BLOCKS.  Also, you can’t delete data on the block once the data is recorded.  Now for the sake of this blog article, I’m choosing not get too technical beyond this point to prevent really confusing the hell out of people who have no idea how this works, but just want a basic general understanding of the technology behind it.

Cryptocurrency..

What I really want people to understand is why one Bitcoin is currently worth over $7K and why black people need to seriously get caught up on this technology to where you could benefit big from it in the coming years.  Crytocurrency (Bitcoin and other coins) is an intangible asset that rewards people for participating in the creation, maintenance & growth of the blockchain.  These people are called miners.  These people allow for their computers to be used as nodes for creating the actual blockchain which allows for you to engage in peer-to-peer transactions which also allows for you to remove the middleman & their fees out of the process.  They also allow for your data to be distributed without the need for a centralized distribution point that is owned by one entity.

People who are not miners invest in the cryptocurrencies that are being “mined” by these miners.  A miner is a person who basically uses their computer to solve complicated mathematical problems.  Each time they successfully solve a problem a coin is created.  These miners are paid in partials of coins that is based on a variety of factors.  The remaining partials are then placed on the market for non-miners to invest in or use as actual forms of currency to purchase items.  Matter of fact, Japan just recently recognized Bitcoin as a legit form of currency to purchase items.  There are even ATM machines in various countries (too include the US) that allow you to “withdraw” Bitcoin instead of dollars.

But here is what I really want black people to grasp & understand as this whole discussion relates to cryptocurrency and the blockchain technology…Black people need to think of this technology like it is the Internet 3.0.

When the internet first came out for general public use 20 something years ago, the internet was basically a place to visit websites and read stuff.  That was it.  The only people who were really making money off of the internet during that time were ISP’s (internet service providers) & people who registered domain names for the sole purpose of holding them and selling them to people later on (think if you bought Walmart_dot_com back then how much Walmart would have paid you to get that domain name).  You had a few other ways of making money here & there (the Dotcom Boom) but that was pretty much it.  Internet 2.0 ushered in the era of e-commerce & social media (where we presently are now).  As crazy as this may sound, a lot of people honestly didn’t think e-commerce or social media would take off.  A lot of people couldn’t fathom the idea of people buying products online or spending more time on a social media platform communicating to people than they did in real life.  But in the year 2017, look at how we communicate & engage in commerce now.  So now think of blockchain & cryptocurrency as internet 3.0 to where the internet will begin moving away from big companies like Google, Facebook, & banks controlling or having some influence on every aspect of everything that takes place on the internet.  The blockchain will not put these people out of business, but the blockchain will give people more power over how our data is being utilized on the internet.  This is all about ownership & control on the individual level versus relying on the big entities to do it for us.  Cryptocurrencies such as Bitcoin have proven that there is a real demand & shift taking place to where as this technology continues to grow & mature, a lot of potential money stands to be made.

Article by Gee Lowery