nels Posted January 12, 2022 Report Share Posted January 12, 2022 References: https://www.coinbase.com/learn/community/black-americans-and-crypto https://www.forbes.com/sites/korihale/2021/08/10/why-black-investors-seemingly-prefer-cryptocurrencies-over-traditional-stocks/ https://bitcoinandblackamerica.com/ https://www.cryptopolitan.com/bitcoin-and-black-america-author-on-bitcoin/ https://www.blackenterprise.com/three-black-cryptocurrency-influencers/ I'd welcome your opinions and insights on this rapidly growing and potentially very important subject. 1 Link to comment Share on other sites More sharing options...
Mzuri Posted January 13, 2022 Report Share Posted January 13, 2022 ************************************************************************************ On 1/12/2022 at 12:27 AM, nels said: I'd welcome your opinions and insights on this rapidly growing and potentially very important subject. @nels I recently got my first Helium Hotspot to earn money from the IoT. It generates Helium which is on the Ethereum blockchain, I wrote about it in the Mzuri Crypto Report thread. I think that any form of Crypto mining is the way to go if you want to earn passive income. I have another unit on order and I plan to expand upon this effort gradually over time. +++ THE MZURI CRYPTO REPORT +++ ************************************************************************************ Link to comment Share on other sites More sharing options...
nels Posted January 13, 2022 Author Report Share Posted January 13, 2022 14 hours ago, Mzuri said: Mzuri Crypto Report thread I just opened the link. Thanks, on that. 1 Link to comment Share on other sites More sharing options...
Mzuri Posted January 14, 2022 Report Share Posted January 14, 2022 ************************************************************************************ @nels This is a VERY important topic because we need to get off of the working for a living treadmill, otherwise known as the rat race, and earn more passive income, because that is the key to creating wealth. Mining Crypto, and other methods of earning Crypto like investing, staking and lending, is a great way to earn income passively. ************************************************************************************ Link to comment Share on other sites More sharing options...
ProfD Posted January 14, 2022 Report Share Posted January 14, 2022 10 hours ago, Mzuri said: This is a VERY important topic because we need to get off of the working for a living treadmill, otherwise known as the rat race, and earn more passive income, because that is the key to creating wealth. Most people have to work for an income (active) in order to cover their basic needs (food, shelter, clothing, education, etc.). Hopefully, they will have earned enough income to make investments leading to passive income (real estate, stocks, bonds, etc.). Accumulated income (active), personal property and capital gains (passive) produces wealth. Unless there is generational wealth, there is no getting around having to work. 1 Link to comment Share on other sites More sharing options...
Mzuri Posted January 14, 2022 Report Share Posted January 14, 2022 ************************************************************************************ 52 minutes ago, ProfD said: Most people have to work for an income (active) in order to cover their basic needs (food, shelter, clothing, education, etc.). @ProfD Not really. Having to get a job is a mindset, like being in poverty. Earning passive income is also a mindset, and can be easily achieved. Especially now when people can earn income by using the internet to setup websites or self-publishing books and a hundred other ways. Obviously there is some initial work involved, but passive income is not that difficult. ************************************************************************************ 1 Link to comment Share on other sites More sharing options...
ProfD Posted January 14, 2022 Report Share Posted January 14, 2022 @Mzuri, unless someone is born rich, they have to produce goods and/or perform services in order to earn income. That's a job. A prostitute doesn't make any money just laying around thinking about it. There's some work involved regardess of mindset. Poverty is a condition into which people are born. Most folks do not choose it. Getting out of poverty requires a different mindset, knowledge, skills, abilities, talent, opportunities and luck. 1 Link to comment Share on other sites More sharing options...
nels Posted January 15, 2022 Author Report Share Posted January 15, 2022 20 hours ago, Mzuri said: get off of the working for a living treadmill Yes, we all need to get off of the elite's hamster wheel. 1 Link to comment Share on other sites More sharing options...
Troy Posted January 15, 2022 Report Share Posted January 15, 2022 On Passive income: “If it were easy everyone would be doing it.” On Active Income: ”Do what you love and you’ll never work a day in your life.” Clichés yes, but I believe then to be true. 2 Link to comment Share on other sites More sharing options...
daniellegfny Posted February 5, 2022 Report Share Posted February 5, 2022 My second NFT Check out this item on OpenSea https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/46223523598365333350210505486367128690609370038850234427737026813823524274177/ via @opensea #NFT #nftcommunity #nftart 1 Link to comment Share on other sites More sharing options...
richardmurray Posted February 6, 2022 Report Share Posted February 6, 2022 @nels the most blunt insensitive or unhopeful answer to your question is no. Black America is a community, of at least tens of millions, made up of many tribes. It has no central organization. All those factors means it is not prepared to do anything. 1 Link to comment Share on other sites More sharing options...
nels Posted February 6, 2022 Author Report Share Posted February 6, 2022 I'll be brief. As a generalization: The (Far) Left | historically not Democrats - Political groups who support liberal or socialist policies and the attainment of big government and asset sharing and equality by any means necessary. The (Far) Right | historically not Republicans - Political groups who support conservative or nationalist policies and the attainment of limited government, individualism and national sovereignty by any means available. The (Center) Left and (Center) Right - Political groups who support reasonable compromise to promote and achieve goals that are in the best interest of all of the nation's citizens, sans full consensus. The (True) Right and (True) Left - Political groups who do not support the ultra-polarization of the nation through extremist views that undermine national sovereignty and a level playing field for all legal citizens. At the moment, black America seems too fragmented and dispersed into factions that have competing interests that do not serve the ultimate vision and goals of the black community, as a whole. 2 Link to comment Share on other sites More sharing options...
daniellegfny Posted February 6, 2022 Report Share Posted February 6, 2022 On 1/12/2022 at 2:27 AM, nels said: welcome your opinions and insights on this rapidly growing and potentially very important subject. According to a survey conducted by the Brennan Center for Justice at NYU School of Law, as many as 11 percent of US citizens — and as many as 25 percent of African American citizens — don’t have government-issued photo ID.⁵ “The first thing I would want crypto to fix would be identity,” says Robert Greenfield, Head of Social Impact at ConsenSys. “A digital identity has more of a major impact than you can even fathom. If you don’t have a driver’s license, you can’t even participate in humanitarian aid programs.” This was a statement in the first article. I don’t believe it is accurate and draws inaccurate conclusions. 1 Link to comment Share on other sites More sharing options...
richardmurray Posted February 6, 2022 Report Share Posted February 6, 2022 7 hours ago, nels said: At the moment, black America seems too fragmented and dispersed into factions that have competing interests that do not serve the ultimate vision and goals of the black community, as a whole. @nels in your opinion when was black america not mostly fragmented, post war between the states? pre war between the states doesn't count cause most black people were enslaved to someone white. so even though a sameness existed it was in total impotency 1 Link to comment Share on other sites More sharing options...
Mzuri Posted February 6, 2022 Report Share Posted February 6, 2022 ************************************************************************************ 1 hour ago, daniellegfny said: If you don’t have a driver’s license, you can’t even participate in humanitarian aid programs There are other forms of government issued identification besides a driver's license. Here in Texas you can get a regular picture I.D. from the DPS, it costs $16.00. I'm sure that other states offer regular I.D.s as well. There's also military I.D., passports, and various certificates that might have your picture on them. I have four forms of picture I.D. so I don't have any sympathy for a person that can't even obtain one. People need to stop making excuses about everything. ************************************************************************************ 1 Link to comment Share on other sites More sharing options...
daniellegfny Posted February 6, 2022 Report Share Posted February 6, 2022 2 minutes ago, Mzuri said: ************************************************************************************ There are other forms of government issued identification besides a driver's license. Here in Texas you can get a regular picture I.D. from the DPS, it costs $16.00. I'm sure that other states offer regular I.D.s as well. There's also military I.D., passports, and various certificates that might have your picture on them. I have four forms of picture I.D. so I don't have any sympathy for a person that can't even obtain one. People need to stop making excuses about everything. ************************************************************************************ You may find this informative https://www.businesswire.com/news/home/20210225006348/en/EMTECH-and-The-Bank-of-Ghana-Announce-Partnership-to-Deploy-Modern-Central-Sandbox™-to-Accelerate-Innovation-Provide-for-a-Robust-Financial-Infrastructure-and-Promote-Financial-Inclusion-for-the-Unbanked-and-Underbanked 1 Link to comment Share on other sites More sharing options...
Stefan Posted February 6, 2022 Report Share Posted February 6, 2022 11 hours ago, daniellegfny said: According to a survey conducted by the Brennan Center for Justice at NYU School of Law, as many as 11 percent of US citizens — and as many as 25 percent of African American citizens — don’t have government-issued photo ID.⁵ “The first thing I would want crypto to fix would be identity,” says Robert Greenfield, Head of Social Impact at ConsenSys. “A digital identity has more of a major impact than you can even fathom. If you don’t have a driver’s license, you can’t even participate in humanitarian aid programs.” This was a statement in the first article. I don’t believe it is accurate and draws inaccurate conclusions. This is funny. Daniellfgny, does not believe this statement from the Brennan Center of Justice is true. I am sure he has years of experience personally investigating the circumstances of each and every Black individual in the U.S. Because it never occurs to him that hundreds of thousands Blacks who do not possess a valid photo I.D. might not have in their possession the needed documents that will be acceptable to most state of federal agencies tasked with issuing photo I.D.'s. I guess he wants everyone to only believe Trump. The future is unclear for cryptocurrency. And some warn it may not be the financial salvation that many Blacks think. There will likely be numbing fluctuations in cryptocurrency prices. And anyone who invests in crypto must accept the risk and the possibility of losing money. Because if there’s constant feature of financial investments – it is volatility. Which is simply a sudden shift in investor sentiment which can result in fast and serious price swings. It is not as if the Black race has billions in disposable wealth that can be used for investments and which can absorb major downturns. The majority of Black income is used for housing, food and transportation. The average annual income of U.S. Blacks was only $45,870 in 2020, according to Statista, the Hamburg, Germany, business database company. That is far below the annual income of Asian Americans and Whites, who are the top earners in the U.S. But this is not stopping some Blacks from eagerly buying into the promise of cryptocurrency. A lot of money is being tossed at actors, music artists and other celebrities as they promote and endorse crypto. When it comes to getting rich, some will do according to their Need or Greed. Here's another viewpoint: https://time.com/6106706/bitcoin-black-investors/Bitcoin seen as Financial Nirvana by some Blacks Link to comment Share on other sites More sharing options...
daniellegfny Posted February 7, 2022 Report Share Posted February 7, 2022 20 hours ago, Stefan said: Because it never occurs to him that hundreds of thousands Blacks who do not possess a valid photo I.D. might not have in their possession the needed documents that will be acceptable to most state of federal agencies tasked with issuing photo I.D.'s. Actually having lost my ID multiple times at different financial states. There are government and social agencies which will help you get those need documents. 20 hours ago, Stefan said: The average annual income of U.S. Blacks was only $45,870 in 2020, according to Statista, the Hamburg, Germany, business database company. That is far below the annual income of Asian Americans and Whites, who are the top earners in the U.S. I think that also is a gross underestimate. My average income fluxes from 50k to 130k. Now I would be more inclined to believe a regional breakdown of income by race. 1 Link to comment Share on other sites More sharing options...
Stefan Posted February 8, 2022 Report Share Posted February 8, 2022 19 hours ago, daniellegfny said: Actually having lost my ID multiple times at different financial states. There are government and social agencies which will help you get those need documents. I think that also is a gross underestimate. My average income fluxes from 50k to 130k. Now I would be more inclined to believe a regional breakdown of income by race. Daniellefgny, I rarely lost my I.D. and not all states will help you retrieve needed documents. And this is because one is never dealing with an actual state, one is usually interacting with a state employee who may or may not be inclined to assist. I cited a legitimate and unimpeachable source as to where those stats came from. Now, where is YOUR proof for challenging those stats as incorrect? Stop expecting others to simply accept a rationale YOU offer. I always offer a legitimate source for my contentions. One wouldn't last long or be considered legitimate in the news business if all they were to do is offer spurious facts, baseless accusations or make a claim with little proof or no sourcing. One wouldn't last long as a blogger, writer or a pundit either. Unless they enjoy sophistry. Link to comment Share on other sites More sharing options...
daniellegfny Posted February 8, 2022 Report Share Posted February 8, 2022 2 hours ago, Stefan said: cited a legitimate and unimpeachable source as to where those stats came from. Now, where is YOUR proof for challenging those stats as incorrect? “Legitimate and Unimpeachable” are value judgements. Conduct a random sample in your neighborhood. Link to comment Share on other sites More sharing options...
Stefan Posted February 9, 2022 Report Share Posted February 9, 2022 9 hours ago, daniellegfny said: “Legitimate and Unimpeachable” are value judgements. Conduct a random sample in your neighborhood. Legitimate means just what it says. You must be a fan of the network I call "Fox Spews." Most of its listeners and watchers don't bother doing any research. Which has contributed greatly to the dumbing down of this country and dismissal of well researched information. My information came from an acknowledged international source of economic statistics. You never identified where your information came from. By the way, cryptocurrency is probably not the best place to park one's money. Too much uncertainty and greed. Couple charged with trying to unload billions in stolen cryptocurrency Link to comment Share on other sites More sharing options...
nels Posted February 10, 2022 Author Report Share Posted February 10, 2022 On 2/6/2022 at 4:53 AM, daniellegfny said: I don’t believe it is accurate and draws inaccurate conclusions. People get IDs if they want them and / or need them. It's not that much of a complex issue. The fragment "don’t have government-issued photo ID", does seem rather manipulative. Link to comment Share on other sites More sharing options...
Stefan Posted February 11, 2022 Report Share Posted February 11, 2022 Nel, then why don't you stroll your all-knowing backside into any state DMV office and demand a photo I.D. with nothing but your normally belligerent personality and see what happens? Link to comment Share on other sites More sharing options...
daniellegfny Posted February 11, 2022 Report Share Posted February 11, 2022 1 hour ago, Stefan said: Nel, then why don't you stroll your all-knowing backside into any state DMV office and demand a photo I.D. with nothing but your normally belligerent personality and see what happens Why would anyone do that? Link to comment Share on other sites More sharing options...
richardmurray Posted February 17, 2022 Report Share Posted February 17, 2022 here is some crypto information, shared to me by someone black , who is into crypto, but not a member of this forum or website Link to comment Share on other sites More sharing options...
Delano Posted February 17, 2022 Report Share Posted February 17, 2022 It is important to understand your investment. Or pay someone who does understand your investment. Link to comment Share on other sites More sharing options...
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