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CoinDesk Podcast Network

BREAKDOWN: How Bitcoin Helps Marginalized Communities Build Generational Wealth

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 20 February 2022

⏱️ 14 minutes

🧾️ Download transcript

Summary

Bitcoin is a tool for social justice.

This episode is sponsored by Nexo, Arculus, and FTX US.

This week on “Long Reads Sunday,” NLW reads “Why Bitcoin Is a Tool for Social Justice” by Charlene Fadirepo. 

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Michele Musso, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Photo by Vasil Dimitrov/E+/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to The Breakdown with me, NLW.

0:09.2

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

0:15.0

The breakdown is sponsored by nexo.io, Arculus, and FTX, and produced and distributed by CoinDesk.

0:22.8

What's going on, guys? It is Sunday, February 20th, and that means it's time. You know it

0:28.9

for Long Reads Sunday. Before we get into LRS, however, if you're enjoying the breakdown,

0:36.2

please go subscribe to the show, give it five stars,

0:39.9

leave a review, or if you want to get deeper into the conversation, come join us on the

0:45.4

Breakers Discord. That's the place where we discuss not only what's going on in the show, but what's

0:50.0

going on in the world. You can find a link to the Breakers Discord in the show notes, or you can go to

0:55.3

bit.ly slash breakdown pod. Today, we are visiting one of my favorite topics, a topic that

1:04.0

surprisingly does not come up nearly enough in my opinion. The topic is Bitcoin's potential for

1:10.7

positive impact on the world.

1:13.1

And it seems like a very good week to have this conversation, given how much has been

1:18.8

caught up in these big geopolitical machinations, of which Bitcoin is just one part. The piece

1:25.1

is by Charlene Federrepo, and is called why Bitcoin is a tool for social justice.

1:31.4

Bitcoin offers immigrant, black, indigenous, LGBTQ+, and other communities the promise of a more

1:37.6

equitable financial system. Sure, you may know the statistics. While typical stock market investors are white men,

1:46.2

44% of Bitcoin and crypto investors are not white. Similarly, studies have shown black and

1:51.8

Latino Americans now outpace white Americans in Bitcoin and cryptocurrency investing.

1:56.8

But too many are writing off this emerging trend is just another sign of the Times, another

2:01.5

signal of a game-stop investing culture gone awry. It isn't. Rather, Bitcoin's rise in America

2:07.5

is deeply rooted in our legacy of oppression of marginalized communities. Black, brown, LGBTQ, and

...

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