Book: Bitcoin & Black America
Book: Bitcoin & Black America

Book: Bitcoin & Black America

MmeJalo

4 min
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Hey, so I am trying something new. I have been reading books as I&#8217;ve been going down the crypto rabbit hole. Figured it might be helpful to share some key takeaways and guidance if you are also on this journey. Today, I'll be providing a quick book review of Bitcoin & Black America by Isaiah Jackson. <br/><br/>Summary:&#160;<br/><br/>What would you do if a stranger knocked down your door and stole a little money each month?<br/><br/>Isaiah Jackson says most people sit by and let inflation steal their hard earned savings. He argues bitcoin is one way to fight back.&#160;<br/><br/>Black America is particularly vulnerable. The net worth of a typical black family is about 10% of a typical white family. The FDIC found that 32% of Black Americans are underbanked. Older African Americans in particular have deeper distrust given banks long and recent history of discrimination. For example, in 2012, Wells Fargo paid $175M for charging black and Hispanic customers higher mortgage interest rates than similarly qualified white customers.&#160;<br/><br/>Isaiah shares his own &#8220;Come to Bitcoin&#8221; story and his passion for crypto evangelism. He argues that Black America has more to gain from embracing digital currency and decentralized finance (DeFi). For example, race is not a factor when obtaining credit from DeFi. He lays out how individuals, professionals, business owners, churches, HBCUs etc. can get involved. He also highlights a ton of people and organizations who are developing programs and capabilities for digital currency economy. For example, there&#8217;s a summer camp in North Carolina that teaches school-aged children about crypto.&#160;<br/><br/>Review:&#160;<br/><br/>Bitcoin & Black America is an easy to read. This stands out in a good way in a sea full of technical jargon and weird terminology. This was the third crypto book I bought but it was the first I finished. Props to the author for making this topic more accessible. <br/><br/>He highlights a lot of people and companies from a wide variety

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