Rant #8: Minority owned generational wealth? DeFi is the plug.

Rant #8: Minority owned generational wealth? DeFi is the plug.

By zpaul_2020blu | Rant Page | 20 Aug 2020


Before I get started, I would recommend reading my bottom line. I'm black and white. While I will chat on DeFi, if we're not on the same page with that, I don't think your going to be open to how Cryptocurrency and DeFi can impact minorities and especially Black Americans.

Redlining? Rejected loans? All white neighborhoods? Non-community based store ownership? These are all issues minorities and especially Black Americans constantly battle. Without a deep dive into how cryptocurrency and DeFi can solve each, its apparent that there's a need to eliminate the bias of a system built around it.

Basic research into DeFi yields a world of possibility. Right now, higher returns for my coin. No deals with shady bankers or longer than usual loan processes meant to eliminate the small guy. Managing risk, just like with any $ dished out from a centralized servicer, takes care and effort. It still reveals that 2020 is the year that there should be no minority owned, AND ESPECIALLY BLACK OWNED, business that hasn't explored this world to survive and thrive.

Few and far between. That's the thought I have seeing minorities, AND ESPECIALLY BLACK AMERICANS, in the space of learning about cryptocurrency and DeFi. I've heard two pieces on the Breakfast Club that changed my perception on cryptocurrency and the potential of DeFi over time: an enthusiast whose name escapes me currently and Akon. Akon is literally working toward building a city in Africa that will function solely on cryptocurrency (Akoin).

This is the type of innovation needed for Black people around the world that can link the ways we do business. Don't get me wrong, BAT, BTC, and ETH are still very big assets to help secure payments, exchange value, trade, etc. Again, concept is gold and, one day, could be worth more than it.

Bottom Line: Black Lives Matter. Arrest the killers of Breonna Taylor. There are too many names and injustices to Black people around the world. One of them is not giving a better pathway toward DeFi assets and knowledge. Black business is important and DeFi has the means to make it flourish.


zpaul_2020blu
zpaul_2020blu

COVID-19 layoff using free time to blog past experiences, personal stories, advice, and more. Chicagoan that's found a home in Texas trying to make it and keep a positive mindset while finding the comedy in life's situations!


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The initial ranting to focus on crypto in sports, nonprofit, and personal experiences. Some general advice and complaints each sold separately. Careers and life are hard. At least we can commune over it every blue moon (or daily).

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