Dr. Boyce Watkins Has Strong Words For Jay z's Bitcoin Academy In Marcy Project!
Dr. Boyce Watkins shard some strong words with the Hip Hop Uncensored Podcast about Jay z’s Bitcoin Academy in the Marcy Projects in Brooklyn NY. “The vision for Bitcoin is that it doesn’t have barriers, but lack of access to financial education is a barrier. It’s still hard to use for everyday necessities. Plus, people need devices and data plans,” the program’s mission statement reads. “This program aims to provide education, empower the community with knowledge, and get rid of some of the barriers so that residents can learn more about Bitcoin specifically and finance in general.”
The project is partnering with Jay-Z’s Shawn Carter Foundation, Cash App, Black Bitcoin Billionaire, and Crypto Blockchain Plug. Instructors will “teach you about Bitcoin, how it works, why you should care, and how to build your own financial future.”
As for why this is apparently needed: “Our goal is to prove that making powerful tools more available to people enables them to build greater independence,” Dorsey added in a Tweet thread announcing Bitcoin Academy. “Education is where we start. This isn’t just about bitcoin… it’s about long-term thinking, local economies, and self-confidence.”
If all that sounds familiar, it’s because it is. Last year in July, Spike Lee did the wrong thing and featured heavily in a crypto ATM ad targeting minorities excluded from the financial system, encouraging them to invest instead in volatile digital tokens. The argument there is analogous to the subtext of The Bitcoin Academy: The only way out of whatever rut you may find yourself in—poverty, discrimination, exploitation—is through crypto.
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